Generally speaking, Dave Ramsey and his cohorts have a history of giving some terrible and frankly unhelpful advice when it comes to buying a car. However, in this case of a young crypto investor who is “bad at planning,” Ramsey’s buy a cheap car and have no debt approach would have been beneficial. Tesla’s Cybertruck … Read more
Photo: Fisker We learned last month that despite Fisker beginning production on its Ocean SUV, the startup automaker lost nearly half a billion dollars last year and desperately needed a bailout. Nissan was reportedly in negotiations to give Fisker $400 million, but that apparently fell through, so it looked like bankruptcy was the only option. … Read more
Australians are paying more than ever at the fuel bowser as a weak Australian dollar collides with rising crude prices, new data shows. The average price of 91 octane unleaded has soared to 217.92 cents per litre in Melbourne, Sydney, Brisbane, Adelaide and Perth, according to Compare the Market data, breaking the $2.17 record set … Read more
Photo: Stellantis Jurisdictions around the world are imposing EV mandates, regulating ICE vehicles out of production and sale. This is probably a necessary step to prevent us all from drowning in our homes, but the folks who sell ICE vehicles aren’t happy about it. Case in point: Stellantis CEO Carlos Tavares, speaking to a group … Read more
Mumbai: Bajaj Finserv reported a 20% increase in net profit for the quarter to March to ₹2,119 crore, from ₹1,769 crore a year earlier, mainly on account of an increase in profit at its non-banking finance arm, Bajaj Finance. The holding company of various financial services within the Bajaj group proposed a dividend of ₹1 … Read more
About a third of American households, according to a survey from the Federal Reserve, don’t have $500 in their savings accounts. Because we live in a car-centric society, having your car unexpectedly break down could cause massive financial hardship. If a car in one of these households needs repairs, and there isn’t enough cash on … Read more
Image: Fred Beans Fred Beans Automotive Group has acquired four Abington, Pennsylvania dealerships, as well as a collision center from Rosenthal Automotive Organization. According to Automotive News, the dealerships Fred Beans bought include Acura, Honda, Hyundai and Mazda of Abington, with the collision center located in Fred Beans’s new Honda dealership. The Acura ZDX Returns … Read more
Good morning! It’s Friday, April 26, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. 1st Gear: ViFast Handed Another $1 Billion Vietnamese automaker VinFast is really trying to get itself taken seriously … Read more
The EV revolution has hit a stumbling block. Sure, sales are technically rising, but they’re not rising anywhere near as quickly as projected. Automakers like Ford are losing big on each vehicle sold, with losses totaling in the billions — and now, The Verge reports that Ford is starting to wonder if maybe it should … Read more
Tesla had its Q1 earnings call last night, right after releasing news that its profits last quarter fell 55 percent. Not only is that loss a big drop on its own, but it’s also significantly higher than the 40-percent drop that analysts had estimated ahead of the announcement. Instead of making that the main topic … Read more
