automotive
Automotive Finance Company; VROOM Files for Bankruptcy
Auto financing firm Vroom (NASDAQ:VRM) filed for Chapter 11 bankruptcy protection on Wednesday in a Texas court as the cash-strapped company attempts to restructure more than $300M in debt. The bankruptcy comes in the wake of Vroom’s (VRM) agreement with creditors to enter a Restructuring Support Agreement that would convert $290M of unsecured convertible senior …
Hydrogen combustion engines promise a transformative shift in automotive technology.
A New Hydrogen Combustion Engine Is Legitimately Heating Up Will it actually transform the future of driving? – As automobile makers look for alternatives to gasoline, hydrogen combustion is starting to gain traction. – The hydrogen combustion engine is said to have the same… pic.twitter.com/7chUnmzQij — Owen Gregorian (@OwenGregorian) May 29, 2024
The looming second China shock: a global automotive sector shake-up
As China’s automotive industry experiences a significant shift, the global automotive sector faces a potential second China shock. This shock is driven by a combination of factors, including a surge in China’s automotive exports, a shift in internal demand, and the rapid growth of electric vehicles (EVs). These developments are reshaping the global automotive landscape …
Honda is now officially grenading their automotive business by wasting $40 billion building EVs that NOBODY will buy!
It’s clear like most other huge companies, they were given their orders by the globalist cabal, and now they will cease to exist in a decade or less. Nobody is buying EVs to speak of and even now many that bought into the scam are getting rid of the expensive, and troublesome vehicles. Almost nobody …
The Retail Automotive Meltdown Has Begun
by Stumpknocker The sales side (or variable operations) in the Retail Automotive sector is crashing. Service (fixed ops) isn’t fairing much better. I’m very glad I sold my store a few years ago. I consult for several OEMs, and they are beginning to panic. At several, ROS, or Return on Sales (a closely watched metric) …