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Business

“Apple lays off over 600 California employees after shuttering car project”

April 8, 2024

“…The filing comes weeks after Apple canceled a long-running project to build an electric, self-driving car in a team called the Special Projects Group. While the California notice didn’t mention the specific projects where jobs are being cut, none of the locations… Continue Reading…

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Economy

[U.S.] “…Francis Scott Key Bridge collapse ‘will spark US food & car supply [chain] issues…’” [Increased Prices]

March 27, 2024

“THE… bridge collapse in Maryland will result in widespread disruption to trade but Americans are set to avoid a return to the supply chain chaos seen during the Covid-19 crisis, experts have said. Shipping has been suspended at the Port… Continue Reading…

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Economy, Energy

“8 states are planning to BAN the sale of gas-powered cars entirely – after Biden unveiled ambitious plans to phase them out by 2032”

March 27, 2024

“At least eight states are planning to ban the sale of new gas-powered cars in the next decade – and others are considering joining them. Only zero-emission vehicles can be sold in participating states beginning from the 2035 model year, according… Continue Reading…

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Business

“Volvo shares jump 26% on higher sales, plans to stop Polestar funding”

February 6, 2024

“Volvo Cars shares surged more than 26% on Thursday after the Swedish automaker announced it will stop funding subsidiary Polestar Automotive. The group announced it may hand stewardship of ailing luxury car brand Polestar over to majority Volvo shareholder, China’s Geely Holding,… Continue Reading…

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Business

“Ferrari finishes a record year by topping Wall Street’s estimates”

February 6, 2024

“…The automaker reported a net profit of 1.26 billion euros, or $1.36 billion, for 2023, including 294 million euros, or $317.9 million, during the fourth quarter. Its adjusted earnings before interest and taxes, or EBIT, was 1.62 billion euros, or $1.75 billion,… Continue Reading…

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Business, Economy, Energy

Chinese EV’s A Path To Destruction

January 26, 2024

I had to share this link. EV’s are garbage. Do not buy them. [Edit] Click the link to watch the video

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Business, Economy, Energy

“Electric cars will never dominate market, says Toyota”

January 25, 2024

“Electric cars will never account for more than a third of the market and consumers should not be forced to buy them, the boss of Toyota has said. Akio Toyoda, chairman of the world’s biggest carmaker by sales, said that electric… Continue Reading…

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Economy, Personal Finance

“Americans are keeping their cars longer amid sky-high prices, rising interest rates”

May 15, 2023

“…The average age of a light-duty vehicle on U.S. roads rose by more than three months — the highest year-over-year increase since the Great Recession in 2008-2009 — to 12.5 years as of Jan. 1, according to a new report… Continue Reading…

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Business

“The $25,000 electric vehicle is coming, with big implications for the auto market and car buyers”

April 18, 2023

“From the headlines, car buyers might think the most important force driving down the cost of electric vehicles is the $7,500 tax credit that was expanded last summer, followed by Tesla’s recent aggressive cost-cutting to gain more market share. Look… Continue Reading…

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Economy

“Car insurance rates are expected to rise 8.4% in 2023…”

February 17, 2023

“Car insurance costs are on the rise in 2023. According to personal finance website ValuePenguin, insurance rates across the US are expected to rise by 8.4%, bringing the total average premium for full coverage to $1,780 per year. Pricier cars… Continue Reading…

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