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Business, Economy, Energy

“Volkswagen electric car sales plunge as Europe returns to petrol”

“Sales of Volkswagen electric cars have plunged by almost a quarter in Europe as demand for battery-powered vehicles stalls and buyers return to petrol… Globally, all-electric sales at the owner of Audi, Skoda and Porsche dropped by 3pc to 136,400, while… Continue Reading…

Economy, Energy

“No Money, No Purchases, China’s EV Firms in a Bloody Survival Battle, 70% of Brands to Vanish”

The scam is starting to fall apart. Smart companies are switching back to gas or hybrids. EV’s are a scam. Do not buy them. They are designed to destroy economies and control populations.

Stocks

“Chinese EV maker BYD targets 20% jump in annual sales – sources”

“Chinese electric vehicle maker BYD has set a 3.6- million-unit sales target for 2024, a jump of 20% from its record-breaking sales last year, according to three people who were familiar with the matter… The company’s Hong Kong shares sank… Continue Reading…

Business, Stocks

“GE CEO forecasts heavy aerospace demand, voices support for Boeing CEO”

“…General Electric’s aerospace business on Thursday forecast operating profit of about $10 billion in 2028 on robust demand for its products and services, and said it was targeting an initial dividend payout at 30% of net income… GE’s shares were… Continue Reading…

Business

“Ford Could Get 50% More Profit Without EVs”

https://www.wsj.com/business/autos/ford-could-get-50-more-profit-without-evs-553ba3c9 The article is behind a paywall so I’ll just make a few comments. EV’s are garbage. Ford should take a hint and listen to it’s customers. They don’t want EV’s. It’s amazing how Ford could make so much more… Continue Reading…

Stocks

“Billionaire Chris Hohn Has 31% of His Portfolio Invested in 2 Iconic Stocks”

“…Somewhat surprisingly, Hohn had 31% of his portfolio allocated across two stocks as of the September quarter: Visa (NYSE: V) accounted for 14% of his portfolio, and General Electric (NYSE: GE) accounted for 17% of his portfolio. That capital concentration indicates that Hohn has a great… Continue Reading…

Business, Economy, Energy

Chinese EV’s A Path To Destruction

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

Business, Economy, Energy

“Electric cars will never dominate market, says Toyota”

“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…

Energy, Stocks

“Short sellers go after renewable and EV stocks”

“Short sellers are betting against electric vehicle and solar stocks, both of which have been on a downward trend. A new report from treasury and liquidity management platform Hazeltree shows luxury EV startups Rivian (RIVN) and Lucid (LCID), along with EV… Continue Reading…

Business, Stocks

“GE Stock Jumps As Earnings Top, Free Cash Flow Estimate Raised” [89% Earnings Jump]

“…Estimates: Analysts, on average, expected GE earnings per share of 46 cents on revenue of $14.762 billion. Year-over-year comparisons were muddied by the GEHC spinoff. Results: GE earnings came in at 68 cents a share, up 89% from 36 cents… Continue Reading…