After Wasting $14 billion on Share-Buybacks, GM Prepares for Carmageddon & Shift to EVs, Cuts Employees, Closes 8 Plants by Wolf Richter • Nov 26, 2018 • 192 Comments A big shift, at a cost of $3.8 billion – which it now has to borrow.
“Double Whammy of Rising Rates for Us and Our Consumers”: AutoNation by Wolf Richter • Oct 31, 2018 • 70 Comments We knew “free money would inevitably end”: CEO Jackson. “Affordability would become an issue – particularly around new vehicles.”
What I Think about Tesla’s Financials by Wolf Richter • Oct 24, 2018 • 84 Comments The chart that makes me scratch my head.
September Carmageddon for Ford and GM by Wolf Richter • Oct 2, 2018 • 80 Comments Ford drops to 4th place. Industry sales red for 2018. But FCA sales jump.
Musk Settles with SEC, Booted as Tesla Chairman. SEC Forces Tesla to Control his Lie-Tweets by Wolf Richter • Sep 29, 2018 • 57 Comments Not a slap on the wrist, but not a summary execution either.
SEC Socks it to Tesla CEO Musk, Shreds his Paper Halo by Wolf Richter • Sep 27, 2018 • 86 Comments SEC charges him with securities fraud, seeks to oust him from Tesla.
What’s Going On in the Used Car & Truck Market? by Wolf Richter • Sep 10, 2018 • 12 Comments Prices spike to record. Consumers, struggling with affordability, switch from new to used.
What the US Heavy-Truck Market is Saying by Wolf Richter • Sep 7, 2018 • 33 Comments It’s cyclical: When will the biggest-ever boom end?
As Musk Goes Nuts Publicly, Tesla Bondholders Get Antsy by Wolf Richter • Sep 5, 2018 • 139 Comments In terms of Tesla’s survival, this poses a problem.
Automakers Take Note: Americans Are Changing How They Commute to Work by Wolf Richter • Sep 2, 2018 • 117 Comments A structural shift with some significance for the auto industry.
