Automotive

Consumer Desire for Electric Vehicles Wanes

A report from KPMG, an international accounting firm, suggests that by the year 2030, electric vehicles (EV) will be just over 20% of the automotive market.

Virginia Blocks Ford Battery Plant Over China Concerns

Gov. Youngkin criticized the use of technology "owned and dominated by the Chinese."

Used-Car Prices Record ‘Largest Annualized Decline in Series’ History’

Cox Automotive reported that its Manheim Used Vehicle Value Index (MUVVI), which tracks the auction prices of used cars, plunged the most on record in December from a year ago as the auto market cools.

Blackrock to Take Zelensky’s Panhandling Act to the Next Level

Blackrock is the world’s largest asset management and investment firm.

Holiday Sales Up 7.6% In 2022 — But Outpaced by 8.5% Inflation

Holiday sales rose this year as American spending remained resilient during the critical shopping season despite surging prices on everything from food to rent, according to one measure.

Toyota CEO Says ‘Silent Majority’ Doubts Pursuing Only EVs

“People involved in the auto industry are largely a silent majority,” Mr. Toyoda said. “That silent majority is wondering whether EVs are really OK to have as a single option. But they think it’s the trend so they can’t speak out loudly.”

Automobile Company Lays Off Hundreds of Workers, Blames Cost of EVs

Multinational automaker Stellantis is indefinitely closing an assembly plant in Illinois in February and laying off hundreds of workers, in large part due to the high cost of making electric vehicles.

The ‘China Model’ and the WEF

For decades Klaus Schwab’s World Economic Forum (WEF) has been recruiting and cultivating corporate and political leaders from all over the world to embrace a vision and plan for a complete social, political, and economic transformation -- a “Great Reset” -- which is nothing short of a communist “New World Order.”

CEO Warns Biden Put US in a ‘Very Precarious Position’ After More Oil Is Released

An oil CEO said the White House put the United States in a “very precarious position” after another significant release of oil from U.S. reserves.

Man and His Friend Spend 1 Hour Trying to Find EV Charger and Charge Car – To Go 15 Miles

Radio personality Grant Stinchfield says he would never buy an electric vehicle because recharging it is a time-consuming nightmare.

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