Carmakers and California Agree on Emissions Rules
Carmakers agree to comply “voluntarily” with California’s tightened emissions standards – thus thwarting Trump plans to rollback proposed nationwide rules.
Read more...Category Archives: Auto industry
Mining and Electric Vehicles: Lithium, Nickel, Cobalt
Electric vehicle production at scale requires materials we don’t have enough of.
Read more...Whether It’s the New NAFTA or the Old NAFTA, It Serves the 1 Percent
By Leo W. Gerard, the international president of the United Steelworkers Union (USW). Produced by the Independent Media Institute Mick Mulvaney, a millionaire who is President Trump’s acting chief of staff and director of the Office of Management and Budget, awarded himself another job last week: spokesman for labor. Referring to the proposed new NAFTA, […]
Read more...The Electric Vehicle Revolution Will Come from China — not the US
Chinese electric vehicle sales already amount to more than half of the world’s total – and car makers and battery manufacturers are working hard to grow even faster
Read more...“Code Red” at Tesla as Carmaggedon Sinks Tesla Bonds, Carmaker May Need Another $1-2 Billion Before Year End
Tesla is floundering and even stalwarts are losing hope.
Read more...Peak Gasoline Vehicles Is Already Here
Some rare good news on the climate change front: a demand peak for gas guzzlers.
Read more...Wolf Richter: Subprime Bites – Auto-Loan Delinquencies Spike to Q3 2009 Level, Despite Strongest Labor Market in Years
A high level of auto-loan delinquencies challlenges the cheery spin the Fed and the financial press is putting on the state of the ecoomy.
Read more...Wolf Richter: Tesla Discloses Record Pollution Credits for Q1: Without Them, it Would Have Lost $918 Million and Bled $1.14 Billion in Cash
Tesla’s 10-Q filing reveals that without taxpayer-funded pollution credits the company gets from the government and sells to other companies, its loss as automaker and solar-panel company would have been $918 million and its negative cash flow wouldn’t have been a cash drain of $919 million but a cash sinkhole of $1.14 billion
Read more...Bill Black: Faked Emissions May Send Volkswagen CEO to Prison
In this Real News Network interview, Bill Black examines the VW emissions scandal and discusses how corruption has become endemic in corporate Germany, and why the SEC and DoJ are targeting VW.
Read more...Hubert Horan: Can Uber Ever Deliver? Part Nineteen: Uber’s IPO Prospectus Overstates Its 2018 Profit Improvement by $5 Billion
Uber’s financial data in its S-1 filing is misleading and even inconsistent.
Read more...Lyft IPO: Get Ready For A Bumpy Ride
Lyft’s IPO is oversubscribed at a $23 billion valuation. But what happens next?
Read more...Hubert Horan: Can Uber Ever Deliver? Part Eighteen: Lyft’s IPO Prospectus Tells Investors That It Has No Idea How Ridesharing Could Ever Be Profitable
Lyft’s prospectus doesn’t even pretend that the company might become profitable, let alone justify a $20-25 billion valuation.
Read more...Hubert Horan: Can Uber Ever Deliver? Part Seventeen: Uber’s 2018 Results Still Show Huge Losses and Slowing Growth as IPO Approaches
It is hard to see how Uber’s IPO story will hold up to scrutiny, particularly at a planned valuation of $120 billion.
Read more...How This Oil Refiners Group Rallied GOP Governors’ Support for Trump’s Rollback of Auto Standards
The story of how oil refiners group marshalled the support of Republican governors behind the Trump administration’s rollback of CAFE auto emissions standards.
Read more...Wolf Richter: Oops, SpaceX to Lay Off 10% of its Employees after Funding Fiasco in November
The LA Times reports that SpaceX, the unicorn startup with a newly minted $30.5 billion “valuation” and dreams of sending humans to Mars shortly, will lay off about 10% of its employees.
Read more...