China Downturn Hits US Automakers by Wolf Richter • May 12, 2015 • 8 Comments When the People’s Bank of China spoke of “big downward pressure,” it wasn’t kidding.
Sign of a Stock Market “Top” at a Classic Car Auction by Wolf Richter • Mar 19, 2015 • 13 Comments Fearless American investors, white-hot classic cars, and breath-taking prices.
Apple Comes Out with a Watch, and Look What Happens by Wolf Richter • Mar 9, 2015 • 14 Comments Total dominance over the media.
The Unnerving Thing Wells Fargo Just Said About the Auto Boom by Wolf Richter • Mar 2, 2015 • 13 Comments Now the spigot is getting turned off.
Subprime Pump-and-Dump Frenzy Heats Up by Wolf Richter • Feb 21, 2015 • 8 Comments Toxic? Hey, these structured securities are triple-A rated by S&P.
Subprime Spikes Auto Sales, Delinquencies Soar, Industry in Total Denial, Fallout to Hit Main Street by Wolf Richter • Jan 9, 2015 • 8 Comments The industry is drunk with its own enthusiasm.
Fight Breaks Out Over Your Absolutely-No-Privacy-Ever Car by Wolf Richter • Dec 24, 2014 • 8 Comments “We’re unwrapping the best holiday gift we could’ve imagined,” Google gushed. Automakers beg to differ. You’re not even asked.
Global Automakers Get Blasted in Russia by Ruble Crash by Wolf Richter • Dec 19, 2014 • 4 Comments This is what happens when a currency spirals out of control.
BMW Smacks Down Elon Musk’s Tesla Collaboration Hype by Wolf Richter • Nov 28, 2014 • 28 Comments BMW insiders: Tesla CEO Elon Musk “is using us for PR purposes.” Stung by Daimler’s and Toyota’s exit, he wants to “decorate” himself with the name BMW.
Daimler Closes Tesla Hedge, Dumps Shares, Grabs Cash, Runs by Wolf Richter • Oct 22, 2014 • 8 Comments Why the heck did Daimler just now turn its supposedly strategic investment, and one of the hottest stocks, into cash? What does it know that we don’t?