Silver as an investment

Category Archives: Toyota

Elderly Couple On Cross-Country Trip To Vermont Busted With 60 Pounds Of Christmas Marijuana

An elderly couple from Clearlake Oaks, California were busted by Nebraska sheriff’s deputies with 60 pounds of marijuana, edibles and marijuana concentrates while on a 3,000 mile cross-country Christmas trip to Vermont, police said. Patrick Jiron, 83 and his wife Barbara, 70, were planning to give the pot to family as Christmas presents when Nebraska […]

Build Fast, Fix Later: Tesla Employees Say 90% Of Model S/X Cars Fail Quality Checks After Assembly

Last month we highlighted a report from Automotive News which suggested that Tesla’s Model 3 production misses might have been the result of a rather basic and embarrassing problem…the company hadn’t yet figured out how to weld.  As automotive manufacturing consultant Michael Tracy of Agile Group pointed out, the clues of Tesla’s steel problems came […]

U.K. Litigation Cases On Defaulted Consumer Debts Soar Beyond 2008 Levels

Last month, S&P warned that UK lenders could incur £30 billion of losses on their consumer lending portfolios consisting of credit cards, personal and auto loans if interest rates and unemployment rose sharply.  Much like in the U.S., S&P warned that "loose monetary policy, cheap central bank term funding schemes and benign economic conditions" had […]

Car Slams Into Pedestrians Outside London Natural History Museum, Driver Arrested

At least seven people were injured after a car mounted the pavement and “deliberately mowed down pedestrians” outside the Natural History Museum in London. The car mounted the pavement before ploughing into two other vehicles, hitting visitors as they made their way to the museum, in one of London’s busiest tourist areas. Moments later security […]

California Mulls Combustion-Engine Car Ban: “You Could Stop All Sales By 2030”

California, the state which single-handedly turned Elon Musk into the billionaire that he is today by forcing taxpayers to subsidize his unprofitable electric vehicle scam via “Zero Emission Vehicle” credits, is now considering a full ban of combustion-engine cars by as early as 2030. The potential ban was discussed by Mary Nichols of the California […]

Global Markets Rise As Shutdown Fears Recede; All Eyes On Wyoming As Jackson Hole Begins

U.S. stock-index futures are fractionally in the green as European shares rise, Asia is mixed and oil drops modestly. Global risk staged a rebound and markets unwound some of yesterday’s safe-haven moves as U.S. government shutdown fears receded and concerns about the Trump administration’s ability to enact its fiscal agenda were put on the back-burner […]

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 […]

Bank Of England Warns Of “Spiral Of Complacency” Over Soaring Consumer Debt

A few weeks ago, we wrote a note about how European auto lenders are becoming just about as ridiculously undisciplined as their counterparts in the United States.  Apparently an ever-growing reliance of European millennials on lease financing has auto ABS investors worried about a potential crash in used car prices at some point in the […]

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 […]

Angry Observer Asks “How Is Elon Musk Still Tesla’s CEO?”

Originally published on DailyKanban.com, Under Elon Musk’s leadership Tesla’s Model X arrived two years late and subjected the company to six months of self described production hell, only to tie for last place in Consumer Reports’ luxury SUV ratings with a score of 59/100 (Nov 2016). Delays for the falcon winged albatross will allow the […]