Tesla Discloses Worst Quarterly Zinger of a Loss Ever, Burns $1.1 Billion Cash by Wolf Richter • May 2, 2018 • 106 Comments Not The Boring Company, but The Hopeless Company.
Uber Loses Share to Lyft. Both Crush Rental Cars and Taxis by Wolf Richter • Apr 30, 2018 • 94 Comments War in business ground transportation. But tipping is not popular.
Carmageddon for Cars: “Cars” Are Scheduled to Die by Wolf Richter • Apr 25, 2018 • 145 Comments The end of an era in the US Auto industry — until $7 gas arrives.
More Carmageddon at GM, Cuts Shift in Ohio, 1,500 Layoffs, as Cruze Sales Plunge. Production in Mexico Started in 2015 by Wolf Richter • Apr 13, 2018 • 62 Comments It already cut the third shift in 2017. Now it cut the second shift. Carmageddon but not Truckmageddon.
How Much Are Banks Exposed to Subprime? More than we Think by Wolf Richter • Apr 11, 2018 • 49 Comments Wells Fargo has $81 billion in exposure to loans that, on paper, it isn’t exposed to.
Subprime Carmageddon: Specialized Lenders Begin to Collapse by Wolf Richter • Apr 8, 2018 • 76 Comments Worst delinquency rates this century.
So What’s Going On with Auto Sales? by Wolf Richter • Apr 3, 2018 • 66 Comments Easter fell into March this year, and March Lasted till April 2.
Tesla Gets Slammed by Tesla by Wolf Richter • Mar 28, 2018 • 96 Comments When will investors get tired of feeding their capital into this cash-burn machine?
GM Threatens Bankruptcy for GM Korea by Wolf Richter • Mar 26, 2018 • 52 Comments Government bailout and union concessions by April 20, or else…
How GM Is Shaking Down South Korean Taxpayers by Wolf Richter • Feb 20, 2018 • 39 Comments The threat of Carmageddon for jobs.
