Silver as an investment

Category Archives: Volkswagen

Tesla’s Having The Worst Day Ever As GOP Tax Plan Calls For Axing Electric Car Credit

Tesla may be officially having the worst day ever.  One day after announcing its worst quarter in history, in which it burned a record $1.4 billion in cash (which is about $15.5 million every single day, btw)… …a couple of GOP Representatives had to come along and propose a tax bill that would eliminate a […]

The Globalists Are Systematically Destroying America’s Middle Class

Authored by Michael Snyder via The Economic Collapse blog, When people are dependent on the government they are much easier to control. We are often told that we are not “compassionate” when we object to the endless expansion of government social programs, but that is not how the debate should be framed. In America today, […]

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 […]

Gavekal On The Coming Clash Of Empires: Russia’s Role As A Global Game-Changer

Submitted by Charles and Louis-Vincent Gave of Gavekal Research Carthago Est Delenda “Carthage must be destroyed”. Cato the elder would conclude his speeches in the Roman Senate with the admonition that salt should be spread on the ruins of Rome’s rival. Listening to the US media over these summer holidays from Grand Lake, Oklahoma, it […]

It’s Not Just Americans, Europe’s New Obsession With Auto Leases Is “Catastrophic For Used Car Prices”

We’ve spent a lot of time of late writing about the pending collapse of the U.S. auto bubble.  When it comes, that collapse will, at least in part, be due to the fact that over the past 6 years, new leases, as a percent of overall car sales, have soared courtesy of, among other things, […]

GM Tumbles After Allegations Of Rigging Truck Emissions Tests

General Motors’ stock price is tumbling after reports that the carmaker is accused of putting defeat devices in its trucks to beat emissions tests, becoming the sixth carmaker accused of diesel cheating since 2015, when Volkswagen AG admitted to installing software to bypass pollution rules. Bloomberg reports that People who own or lease more than […]

Frontrunning: May 18

FBI’s Russia Probe Gains Credibility With Mueller In Charge (BBG) Trump storm hits stocks again but dollar steadies (Reuters) Flynn stopped military plan Turkey opposed – after being paid as its agent (McClatchy) Kremlin declines to comment on probe of Trump ties with Russia (Reuters) Trump To Announce $350bn Saudi Arabia Arms Deal – One […]

How Volkswagen Quietly Stashed Half A Million Rigged Cars Around The Country

Volkswagen bought back hundreds of thousands of emissions-cheating cars. We just discovered what it has done with them all…   As Bloomberg reports, the German automaker agreed last year to buy back about 500,000 diesels that it rigged to pass U.S. emissions tests if it can't figure out a way to fix them. Except for […]

Global Stocks Dip On Poor US Auto Sales, Apple Miss; Fed Decision On Deck

European, Asian stocks and S&P futures all fall as investors digested poor overnight news on Apple earnings and U.S. car sales, while the dollar rose in muted trading as investors contemplated chances of another rate hike next month ahead of today’s Federal Reserve statement. Europe’s Stoxx 600 fell from a 20 month high as traders […]

Chinese Carmakers, Volkswagen, BMW Roll Out “Tesla Killers”

The much anticipated Tesla Model 3 has yet to be released and already a groundswell of electric car competition is forming to challenge Elon Musk’s upcoming offering. Start in China, where the Model 3 is not due to arrive until next year, but already Chinese-funded, smart, connected plug-in car start-ups are scrambling to launch “Tesla […]