It is the 17th of November 2019

News

Vegas Shooter Investigators "Puzzled", Believe He Was Not Alone For Two Reasons

Two days ago, Clark County Sheriff Lombardo for the first time expressed his conviction that Las Vegas gunman Stephen Paddock had to have help at some point during the tragic mass shooting, either in the preparation or the execution stage, or both.

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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 be getting worse with each passing quarter.

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Carmageddon: Ford & GM Sales Tank Despite Record July Incentive Spending

It was hard to find a bright spot for auto investors in July's auto sales figures released earlier today with GM down 15% YoY, Ford off 7% and Chrysler down 11%.

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Carmageddon: Ford & GM Sales Tank Despite Record July Incentive Spending

It was hard to find a bright spot for auto investors in July's auto sales figures released earlier today with GM down 15% YoY, Ford off 7% and Chrysler down 11%.

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Federal Indictment Alleges Chrysler And UAW Execs Stole Millions From Employee Training Programs

For any UAW employees out there who still think their union is anything more than a ponzi scheme designed to effectively tax membership while enriching a few 'bosses' at the top of the pyramid, you should probably take note of a federal indictment that was filed late last week alleging that Chrysler executives conspired with UAW leaders to siphon millions in funds earmarked for employee training to line their own pockets.

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