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Tag Archives: Auto industry

The Paris Agreement Set an Unrealistic Target for Global Warming. Now What?

By Shannon Osaka. Originally published at Grist It’s been a rallying cry for activists and a key talking point for diplomats. For decades now, 2 degrees Celsius (3.6 degrees Fahrenheit) of global warming has been viewed as a “do not cross” line in climate policy, a temperature at which cataclysmic and potentially permanent damage to the planet would take hold. Countries that signed on to the 2015 Paris Agreement vowed to keep global warming “well below” 2 degrees Celsius of warming since the...

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Trump Drops Antitrust Probe of Four Automakers Which Adopted Tougher Cal Tailpipe Emissions Standards

By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She is currently writing a book about textile artisans. The Department of Justice (DoJ) last Friday dropped its antitrust probe into four automakers who opted  to comply with California’s tougher  tailpipes emissions standards. Emissions one of many environmental areas in which the Trump administration is charting its own (more) blatantly pro-fossil fuels course ; Trump seems to take especial delight in...

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Subprime Auto Loans Explode, “Serious Delinquencies” Spike to Record. But There’s No Jobs Crisis, These Are the Good Times

Yves here. Subprime auto loans provide more evidence that this supposedly solid “recovery” has cracks in its foundations. This is the sort of “Ponzi finance” behavior that Minsky accurately depicted as leading to eventual ruin. By Wolf Richter, editor of Wolf Street. Originally published at Wolf Street Auto loan and lease balances have surged to a new record of $1.33 trillion. Delinquencies of auto loans to borrowers with prime credit rates hover near historic lows. But subprime loans...

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Hubert Horan: Can Uber Ever Deliver? Part Twenty-Two: Profits and Cash Flow Keep Deteriorating as Uber’s GAAP Losses Hit $8.5 Billion

By Hubert Horan, who has 40 years of experience in the management and regulation of transportation companies (primarily airlines). Horan has no financial links with any urban car service industry competitors, investors or regulators, or any firms that work on behalf of industry participants Uber’s profit performance and cash burn had ben dismal for years and got worse in 2019 Yesterday Uber announced full year 2019 losses of $8.5 billion. This produced a negative 60% profit margin on total...

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Coronavirus Starting to Hit Auto Industry Supply Chains

Even though we are not that far into the progress of the novel coronavirus, experts are still trying to assess its impact and spread. On the one hand, Goldman Sachs forecasts that the novel cornoavirus won’t dent global growth, based on the assumption that the infection peaks in China at the end of the first quarter, which is in line with WHO projections. And the Wall Street Journal reports that China is deploying its surveillance technology to follow where people who’ve contracted the...

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Obama Helped Make Cars More Efficient, but Now They Spew Black Carbon

Yves here. Cars as a case study of unintended consequences. By Emily Pontecorvo. Originally published at Grist If you’re getting more bang for your buck at the gas pump today than you were a decade ago, you can thank the Obama administration. Obama’s 2012 updates to the Corporate Average Fuel Economy standards, or CAFE standards, made new cars more fuel-efficient and reduced their carbon dioxide emissions. But a studypublished this week casts a dark shadow over that success story. Researchers...

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Brexit: Digging In

Had Donald Trump managed the difficult task of having a bad effect on the already not well reputed Boris Johnson? The Tories’ posture toward Brexit says that could be the case. Specifically, inebriated by the close-at-hand formal Brexit date of January 31, Johnson and more recently his Chancellor Sajid Javid have taken to making aggressive statements about the timing and content of a trade deal with the EU. This might normally be taken as posturing but the positions are so extreme as to be...

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Wolf Richter: Tesla, Hit by Sagging US Sales, Goes Full-China with Design Center, Loans & Factory

By Wolf Richter, editor of Wolf Street. Originally published at Wolf Street Tesla doesn’t disclose deliveries in the US, unlike other automakers. It only discloses global deliveries. We have to look at other data to see how Tesla is doing in the US; and in the US, deliveries have been plunging in recent months. In California, by far Tesla’s largest market in the US, registrations of new Teslas in the fourth quarter plunged by 46.5% to just 13,584 vehicles, from 25,402 vehicles in the same...

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Can The EV Revolution Survive Without Tax Credits?

Yves here. Notice that the article does not directly answer the headline question. But California power blackouts and huge charging station lines (and hte need for much greater charging station buildout) are other current deterrents to broad scale EV adoption. By Irina Slav, a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. Originally published at OilPrice The end of the year is drawing near and it’s time for last-minute legislation in the U.S....

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Tesla’s Cybertruck Dead Last In Truck Survey

Yves here. We’re running this due to reader Tesla schadenfreude generally and many “Who would buy this truck?” comments on this Tesla offering. By Julianne Geiger, a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. Originally published at OilPrice Ford and GM can rest easy: Tesla’s cybertruck may have a niche after all, but it won’t cut into Ford and GMs truck market, according to a new survey from automotive research site,...

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