Volkswagen to Throw $86 Billion at EVs over 5 Years. GM, Ford, Others Plow Mega-Bucks into Shift to EVs. Tesla Instigated It by Wolf Richter • Nov 13, 2020 • 298 Comments Commercial trucks and vans too, including at Volkswagen’s Traton, one of the largest truck makers in the world, acquirer of Navistar.
Southwest and Delta Douse Hopes for Recovery in Q4. TSA Checkpoint Screenings Already Agree by Wolf Richter • Nov 12, 2020 • 97 Comments The curious effect of the election and now possibly the surge in virus infections.
Why Simon Property Group & Brookfield Property, #1 & #2 Mall Landlords, Bought J.C. Penney and Other Collapsed Retailers out of Bankruptcy by Wolf Richter • Nov 11, 2020 • 113 Comments After years of brick-and-mortar meltdown, the Pandemic. Desperate measures are now required.
Vaccine-Monday Again: Sure Could Use Some Hope Amid Spiking Covid-19 Infections by Wolf Richter • Nov 9, 2020 • 145 Comments Politicians raved about it. Experts were cautious: “an interesting first signal,” many questions remain. Even Pfizer said, “as the study continues, the final vaccine efficacy percentage may vary.”
Biogen’s Double-WTF Moment, After Trading Halt All Day Friday: The Elusive Alzheimer’s Money by Wolf Richter • Nov 9, 2020 • 64 Comments The 44% spike on Wednesday and the more-than-unwind-plunge this morning are part of a very rough ride since the peak in March 2015.
Spooked by Fishy Smells & Regulators, Investment Bank Natixis Dumps its 50% Stake in Formerly-$36-Billion Hedge Fund H2O by Nick Corbishley • Nov 8, 2020 • 36 Comments Blackstone Group, BNP Cardif, Crédit Agricole, and others have also unwound or suspended their relationship with H2O.
Tesla v. GM v. Ford: Sacrilege to Mention Them in the Same Breath, But Here We Go by Wolf Richter • Nov 5, 2020 • 177 Comments Just the Numbers.
Interjet Runs Out of Runway. Six Other Latin-American Carriers Already Liquidated or in Bankruptcy by Nick Corbishley • Nov 5, 2020 • 30 Comments They didn’t get bailed out by taxpayers. But in a radical experiment these days, investors got to eat the losses, as they should.
Sales of New Cars & Trucks Through October Fell by 2.4 Million Vehicles, to 1985 Levels. Back to the Future by Wolf Richter • Nov 4, 2020 • 102 Comments For the Ultimate No-Growth Industry: price increases and pushing consumers into more expensive trucks and SUVs.
For Stocks, Any Election Outcome is Now the Best Outcome, Disputed Election, Long Legal Mess, Split Government Without Stimulus, Whatever… by Wolf Richter • Nov 4, 2020 • 168 Comments This is funny in terms of stock-market “narratives” during these crazy times.
