Independent thinking for complex markets and current events
Something ugly is happening inside America’s car market. The same people who turned chip shortages into record profits are now watching their own credit machine seize up. Automakers kept prices high, banks kept pushing loans longer, and everyone pretended buyers could keep up. Now the math has stopped working. The cracks started in the same …
Trump’s Japan trade deal puts Ford & GM at a competitive disadvantage, as they will pay 25% tariffs on Canadian & Mexican parts and 50% tariffs on steel and aluminum. Meanwhile, Americans will only pay 15% tariffs to buy cars built 100% in Japan using cheaper parts and materials. — Peter Schiff (@PeterSchiff) July 26, …
Epic shock, end of an era: The China car market of “growth and profits forever” has vanished for non-Chinese brands. Global automakers will sell 7 million fewer vehicles in China this year than they did in 2020. VW down a million cars. GM down a million cars. Jeep JV bankrupt. Suzuki out. Nissan deeply wounded. …
The U.S. automakers build, assemble and use parts from Canada and Mexico. GM, Ford and Stellantis shares slammed. Workers load Chrysler minivans at the Stellantis Windsor Assembly Plant in Windsor, Ontario, January 31, 2025. The global economy is bracing for impact as U.S. President Donald Trump’s deadline to impose sweeping tariffs on the three largest …
The biggest players in the American auto industry are sounding the alarm for 2025: things are tipping towards disaster, and many auto companies are at risk of going under. Recently, one CEO has bluntly admitted that his company, which is one of the largest car manufacturers in the U.S. and the world, only has 12 …
Tesla is worth more than the next 29 automakers combined pic.twitter.com/ENul97SXJ7 — TaraBull (@TaraBull) December 22, 2024
Toyota about to reduce its finance interest rates. Toyota is closing its biggest US auto part Plant in Maran, Arkansas (1300 layoffs are expected) Toyota caught cheating on its auto test result Share market in declining (China auto ??) Toyota dealers are full of new cars with sales declining . The rest of automakers are …
The Biden administration is expected this week to finalize highly anticipated regulations targeting gas-powered vehicle tailpipe emissions, considered the tip of the spear in its efforts to electrify the transportation sector. The Environmental Protection Agency (EPA) is slated to issue the final rulemaking — which officials have boasted will incentivize greater adoption of electric vehicles …
In recent years, insurance companies have offered incentives to people who install dongles in their cars or download smartphone apps that monitor their driving, including how much they drive, how fast they take corners, how hard they hit the brakes and whether they speed. But “drivers are historically reluctant to participate in these programs,” as …
https://www.cnbc.com/2023/12/08/automakers-turn-to-hybrids-ev-transition.html Electric Vehicle Market Share vs. Hybrids Average Price EV/Hybrid/ICE “People are finally seeing reality,” Toyota Chairman and former CEO Akio Toyoda, who has been heavily criticized for the slower approach on EVs, said in October regarding EVs, according to The Wall Street Journal. As sales of all-electric vehicles grow more slowly than expected, major …
A federal judge on Tuesday refused to bring back a class action lawsuit alleging four auto manufacturers had violated Washington state’s privacy laws by using vehicles’ on-board infotainment systems to record and intercept customers’ private text messages and mobile phone call logs. The Seattle-based appellate judge ruled that the practice does not meet the threshold …
by confoundedinterest17 Biden is the God of Hellfire! Forcing Americans to support China. The actual cost of charging an electric vehicle is $17 per gallon, and automakers are losing $36,000 per EV they sell. Its enriches China and makes the US dependent on Chinese batteries and minerals controlled by China. Ford EV sales are almost nonexistant. …
via oilprice: The EU’s pledge to ban the sale of new gasoline and diesel cars and vans from 2035 poses an “imminent risk” to Europe’s car manufacturers, which are unlikely to win a looming EV price war with their Chinese competitors, BMW chairman Oliver Zipse has told the Financial Times. “I want to send a …
UAW strike of all ‘Big Three’ Detroit automakers would cost economy $5.6B Less than a month remains until the September 15 deadline for new contracts Union boss Shawn Fain is calling a strike authorization vote next week A ten-day strike by the United Auto Workers that shuts down the ‘Big Three’ Detroit automakers would cost …