February 18, 2022
“Renault CEO Luca de Meo said the French carmaker expects to make 300,000 fewer units in 2022 than it potentially could have as a result of the ongoing global chip shortage. Renault made 500,000 fewer cars last year as a result of… Continue Reading…
January 28, 2022
“Japan’s Toyota Motor said on Friday its vehicle sales rose by 10.1% last year, making it the world’s biggest carmaker for a second straight year and putting it further ahead of its nearest rival, Germany’s Volkswagen. The carmaker said sales were 10.5… Continue Reading…
December 31, 2021
“EDITOR’S NOTE: The asset in your portfolio that is rising the fastest these days will likely shock you. It’s probably not your stocks or even your Bitcoin. CNBC reports it’s your used car. Jim Bianco, the President of Bianco Research,… Continue Reading…
October 4, 2021
” Ford Motor’s U.S. vehicle sales showed signs of improvement during the third quarter, but still fell by 27.4% from last year as an ongoing shortage of semiconductor chips interrupted vehicle production. The drastic decline was narrower than auto forecasters expected, but… Continue Reading…
July 28, 2021
“A global chip shortage has put the squeeze on car production and driven the price of used cars higher. Used car and truck prices rose by more than 45% in June, according to the most recent read on inflation. That looks to have had a… Continue Reading…
July 26, 2021
“Used car prices averaged $25,410 during the second quarter of 2021, up from $20,942 a year ago, according to automotive resource site Edmunds. That’s a 21% jump. Because of the global microchip shortage, manufacturers are unable to produce enough new cars to… Continue Reading…
April 5, 2021
“While auto sales as a whole have suffered from factory shutdowns and other disruptions due to the pandemic, sales of super-expensive cars, like Ferraris, Bentleys and Lamborghinis, finished 2020 at a blistering pace.In the United States, overall passenger car sales… Continue Reading…
March 19, 2021
“Lamborghini reported record profits in 2020 as its wealthy customers — especially in China — rode the global bull market in style. Despite a mandatory factory shutdown of over two months during the Covid-19 pandemic, the “raging bull” of the… Continue Reading…
November 6, 2020
“While some hard-hit industries have seen some level of recovery as the economy takes a phased approach to reopening, many companies need to operate at full capacity to maintain their business and move toward expansion. But these plans have been… Continue Reading…
October 12, 2020
“Shares of Ford Motor Co. rose 1.1% in premarket trading Monday, after the auto maker was upgraded by Benchmark analyst Michael Ward, citing expectations that third-quarter earnings and a new management team will provide a near-term catalyst for the stock.… Continue Reading…
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