Category Archives: Chrysler
Auto OEMs Plan To Flood Market With New Electric Car Models Despite Massive Losses
Last month we noted that Tesla really outdid itself in 2Q 2017 by posting a record cash burn of $1.2 billion, or roughly $13 million every single day. Per the chart below, Tesla's Q2 cash burn was just a continuation of the company's money-losing trend that goes back at least 6 years and seems to […]
Fiat Chrysler Shares Soar After China’s Great Wall Confirms Interest
Last week AutomotiveNews reported rumors that at least one Chinese automaker had made a bid for Fiat Chrysler (FCA) at a slight premium to the company’s prevailing market price though it was reported rejected. While it’s unclear whether an official bid was made, this morning Reuters is confirming that China’s Great Wall Motor Company has […]
Carmageddon: Ford & GM Sales Tank Despite Record July Incentive Spending
It was hard to find a bright spot for auto investors in July’s auto sales figures released earlier today with GM down 15% YoY, Ford off 7% and Chrysler down 11%. The companies blamed the drops on lower fleet sales but GM’s retail sales also fell 14.4% from July 2016. Meanwhile, Ford and Fiat Chrysler […]
Federal Indictment Alleges Chrysler And UAW Execs Stole Millions From Employee Training Programs
For any UAW employees out there who still think their union is anything more than a ponzi scheme designed to effectively tax membership while enriching a few ‘bosses’ at the top of the pyramid, you should probably take note of a federal indictment that was filed late last week alleging that Chrysler executives conspired with […]
Hecho En Mexico: 2017 Auto Production In Mexico Surges Despite Trump Attacks
Earlier this year, before then President-elect Trump even moved into the White House, he picked several very public fights with auto manufacturers over their increasing reliance on Mexico for incremental production volumes. In a January 3rd tweet, the President-elect said “General Motors is sending Mexican made model of Chevy Cruze to U.S. car dealers-tax free […]
We Didn’t Learn a Damned Thing from the Crash of 2008
johngaltfla.com / by John Galt / July 4, 2017 The screen shot pictured above is from the end of the hit movie, “The Big Short.” It could just as easily said: “In the end, we all get fucked by the man.” America has taken a dramatic shift away from the crash of 2008. Everyone thought that once […]
Tesla Faces New Model 3 Delay As German Workers Threaten Strike; More Headaches For Musk Emerge
In the latest potential setback for the on-time delivery of Tesla’s Model 3, I4U reports that Tesla is facing a potential strike at its new German subsidiary. Tesla acquired Grohmann, a specialized machine manufacturer, for about $150 million several months ago and now the German Trade Union IG Metall has warned that it is exploring […]