Tesla, Hit by Sagging US Sales, Goes Full-China with Design Center, Loans & Factory by Wolf Richter • Jan 16, 2020 • 165 Comments This move to China makes sense for a niche automaker struggling mightily in the US. But headwinds in China are even stronger than in the US.
US Freight Shipments Plunge at Fastest Rate since 2009, Hit 2011 Level: This is Getting Surprisingly Ugly by Wolf Richter • Jan 15, 2020 • 163 Comments Why is this happening?
China’s Consumers Slam Automakers, Sales Drop Hard, 2nd Year. GM Sales Plunge. Ford Sales Collapse. But Luxury is Hot by Wolf Richter • Jan 13, 2020 • 132 Comments “Challenging environment with weakened consumer demand”: This nosedive in a vast industry, affecting consumers and manufacturing, is happening even as GDP officially booms at 6%?
US Auto Imports from Mexico Hit Record, but Mexico’s Global Auto Exports Fall for First Time since 2009 by Nick Corbishley • Jan 11, 2020 • 31 Comments GM shifts even more production to Mexico (even as its US sales fall). But Ford’s imports from Mexico plunge. FCA’s, Audi’s, Nissan’s down too.
Truckers Take “Wait and See Approach”: Equipment Orders, After Having Plunged, Stall at Low Levels by Wolf Richter • Jan 7, 2020 • 51 Comments Amid a shakeout among trucking companies & production cuts and layoffs among truck makers.
US New Car & Truck Sales in 2019 Fell Below Year 2000 Level, 3rd Year in a Row Below 2016 Peak by Wolf Richter • Jan 6, 2020 • 60 Comments But not all faced falling sales. The top automakers in charts.
Manufacturing Employment, New Orders & Production Fall Fastest Since Apr-Aug 2009 by Wolf Richter • Jan 3, 2020 • 91 Comments An ugly report. How will it impact the overall economy?
Turmoil in the Heavy-Truck Market as Seen by a Truck Dealer by Wolf Richter • Dec 23, 2019 • 72 Comments “This, I think, was the Big One, where the fleet valuations fell out and took this company out.”
US Freight Shipments Fall Below 2014 Level. Answers Emerge by Wolf Richter • Dec 19, 2019 • 110 Comments It’s not the consumer.
When Losses Don’t Matter: How Japanese Conglomerate Mitsubishi Blows Billions on a Jet Nobody Really Wants by MC01 • Dec 7, 2019 • 91 Comments On paper, this looked like a no-brainer.
