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VW Planning $12 Billion Investment In Electric Cars For Chinese Market

Just days ahead of this weekend’s Guangzhou Auto Show, Volkswagen has announced plans to invest $12 billion dollars into efforts to build coal-fueled electric vehicles in China.  According the Wall Street Journal, VW plans to produce 400,000 EVs by 2020 and introduce 5 new all-electric models each year through 2025. Volkswagen AG and its Chinese […]


Skynet Makes Its Move: Ford Wraps Workers In Exoskeleton

The secret to crustaceans and insects belonging to the phylum Arthropoda family are their exoskeleton. Ants, lobsters, hermit crabs, spiders, and beetles are all creatures whose life is made possibly by their exoskeleton body plan. Although humans do not have exoskeletons, but rather endoskeletons, it hasn’t stopped the U.S. Defense Advanced Research Projects Agency (DARPA) in pursing this technology. […]


Hurricane Surge Fades: October Auto Sales Mixed As GM Inventory Starts To Tick Back Up

U.S. auto sales for the month of October came in mostly mixed with Fiat and GM being the biggest losers relative to street estimates and Ford beating on strong truck and fleet sales.  GM forecasts that the overall SAAR for the month ended up around 18mm units, versus 17.5mm expected, as sales remain elevated due […]


Why Goldman Just Downgraded GM To Sell

After GM’s stock surged over 35% in the past two months, Goldman finally decided they had seen enough this morning and downgraded the stock to sell with a $32 price target.  So what caused the downgrade?  Well, Goldman figures GM is facing just a few ‘minor’ headwinds over the next couple of years which include […]


Lousiana Cops Boycott Ford Over Support For Kneeling NFL Players

In a perfectly ironic twist, just days after Jamele Hill urged Americans to protest Jerry Jones decision to make his players stand by 'hitting him in the wallet' and boycotting his sponsors, a Louisiana sheriff's office that is boycotting Ford over the automaker's decision to support NFL players' right to peacefully protest during the national […]


Hurricane Harvey Surge-Nado: Auto SAAR Soars To 30-Year High On Hurricane Replacements

Last month, when we reported auto sales data, we noted that this month would be all about replacement demand from Hurricane Harvey and thus largely irrelavant.  Fast forward 30 days and that appears to be exactly what has happened as annualized auto sales for the month of September suddenly surged to a 30-year high of […]


Ford Touts ‘Positive’ Impacts Of Hurricane Harvey As August Auto Sales Slump

Earlier this week when we noted that Hurricane Harvey was likely to have destroyed more cars than Katrina (see post here), we concluded by predicting that auto OEMs would spin the utter devastation in Houston as a ‘positive’ for their inventory crisis.  Here’s what we said: “Of course, when the auto OEMs report abysmal sales […]


Autonomous Cars Could Impact Nearly 16 Million Jobs In U.S., Commerce Department Finds

The technology required to enable fully autonomous cars is not here yet. You’ll get no argument from us on that point.  Despite the loftiest of wishes from companies like Uber and Tesla, for now autonomous cars can’t seem to stop running red lights…which is a slight issue.  And that says nothing about the societal transformation […]