GM using credit instead of a bailout This is what I'm talking about, a company that has capital, or the ability to get capital instead of begging to the Government for a bailout. General Motors knows the hit it took in 2008 when it went through a bailout. There are still people that won't buy [...]
We, the people This morning I opened my Facebook page and saw a post that said Democrats were rejecting the Corona Virus stimulus bill that would give each taxpayer some money to help them get through this lockdown. The post then explained why the bill was rejected by Democrats; because it wasn’t about helping the [...]
What do Carlos Ghosn and Alberto Fujimori have in common? Both are/were fugitives from the country they were accused of wrongdoing. Japan will be walking a tightrope in the next couple of weeks. As much as the Japanese prosecutors will want to be indignant about Ghosn fleeing the country to Lebanon, they must know that [...]
Consumer Electronics Show (CES) Just weeks before the Consumer Electronics Show (CES), the electric truck maker, Rivian, has closed an investment round of $1.3 billion with the participation of Amazon, Ford Motor Company, and funds managed by BlackRock. “This investment demonstrates confidence in our team, products, technology, and strategy – we are extremely excited to [...]
Upstream Security Automotive related cybersecurity incidents doubled in 2019, increasing 605% since 2016; the AutoThreat Intelligence service delivers critical visibility to address growing cyberattacks on connected vehicles. HERZLIYA, Israel – Upstream Security, a leading provider of cloud-based automotive cybersecurity solutions, today released its 2020 Automotive Cybersecurity Report. The report highlights vulnerabilities and insights identified during [...]
UAW on strike, GM cancels health insurance EPA set to revoke California Air Resources Board waiver Thirteen other states follow CARB emission’s regulations GM to employees on strike: Take two aspirin and call the UAW It’s been a rough week for General Motors employees. The UAW employees went out on strike, and GM canceled the [...]
If you’re going to be a CEO of a major car manufacturer, you’re going to have an ego and thick skin. Sergio Marchionne, CEO of Fiat Chrysler Auto to his death, was credited with the turnaround of FCA. Marchionne was smart. Other CEOs didn’t like what he had to say, mainly because he was right [...]
The Clean Vehicle Rebate Project (CVRP) reports that funding is needed for the five million electric vehicles projected to come online. While that might be a good problem to have, it needs to be addressed. What are the options for balancing the rebate program? Could California offer to pay a dollar rebate or access to [...]
If you think Felicity Huffman and Lori Loughlin are having a bad month, Carlos Ghosn is telling them to hold his sake. That's right; not only is Ghosn still in Japan, after 108 days in jail, but there are also now allegations that Nissan paid to send Carlos Ghosn's four children to Stanford University in [...]
Experian has sent out their latest numbers on Q3, 2018 financing, and some are rosy, and some give a glimpse into the future of car-buying. Some of the highlights from the Experian conference are that loans are still way too high, over a trillion dollars a quarter. They are slowing down in growth, but still... [...]