August 6, 20213 yr Stellantis has no plans for Chrysler or Dodge (at least before 2023), but Jeep will have a new plug in hybrid and their first fully electric vehicle in 2023. Meanwhile, Alfa Romeo will be fully electic by 2027. They're in the middle of a big electrification push, but its currently focused on their European brands and not any of the American ones. https://www.carscoops.com/2021/08/stellantis-new-product-plans-show-alfa-romeo-going-full-electric-by-2027-no-new-chrysler-before-2023/
October 30, 20231 yr Ford to invest $160 million into Sharonville Transmission plant as part of UAW contract By Brian Planalp – Reporter, Cincinnati Business Courier Oct 30, 2023 Ford will invest millions into its Sharonville Transmission plant as part of a tentative labor deal, and much more work could be on the way. MORE
November 6, 20231 yr GM is expected to invest $13 billion in U.S. facilities under new UAW deal https://www.cnbc.com/2023/11/04/gm-expected-to-invest-13-billion-in-us-plants-under-new-uaw-deal.html "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
February 24, 20241 yr ev’s are running into reality — too expensive, no infrastructure — Once the darling of the EV world, the electric truck-maker Rivian is reeling Story by Samantha Masunaga • 1d Rivian Automotive Inc. emerged as a darling of investors — a brand with promise of bringing the "cool" factor to the once-red-hot market for electric vehicles. But the Irvine-based company hit the brakes Wednesday, announcing a 10% cut to its workforce and lower production expectations. The news sent its stock plummeting. The 25% drop in stock price that it notched Thursday was its worst day in its history. more: https://www.msn.com/en-us/money/savingandinvesting/ar-BB1iK3tW
February 24, 20241 yr Used Porsche Taycan Turbos have lost half of their value in only 4 years. That's insane in today's car market where cars barely depreciate at all relative to pre-COVID. It is also unusual for Porsche, who unlike Land Rover, Maserati, Jaguar, Mercedes-Benz etc. sees low depreciation for a luxury manufacturer. Lack of infrastructure must be figuring in there and possibly early adopter fatigue.
August 22, 2024Aug 22 GM just announced a $4.4 billion quarterly profit and more than 1,000 layoffs. A worker who was laid off via security denying him entry to the office summed it up: "We are nothing but numbers to them, fat to be trimmed off in the pursuit of the almighty dollar. We were not even given the common decency to say goodbye, just thrown onto the curb like useless trash." Profit: https://www.freep.com/story/money/cars/general-motors/2024/07/23/gm-37-percent-gain-q2-pretax-profits/74504739007/ Loss: https://www.reuters.com/business/autos-transportation/gm-lays-off-over-1000-salaried-software-services-employees-cnbc-reports-2024-08-19/ "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
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