business finance
Ford: Three-Row EV SUV Not Profitable Enough to Build
Ford has once again announced a change in its electric vehicle strategy after canceling its plans for a three-row EV in favor of much smaller, more affordable models that might actually be able to make money.
Used Car Prices Dropping: New Cars Still a Better Deal? | Giga Gears
Used car prices are steadily dropping, mostly due to oversupply, and while electric and luxury vehicles are being hit the hardest, other segments don’t always see a big savings gap between new and used.
Elon Musk’s Twitter Purchase: The Worst Bank Buyout Since Financial Crisis
It’s no secret that Jalopnik isn’t exactly Elon Musk’s biggest fan. Sure, he’s responsible for the most important car of the 21st century, and SpaceX does some neat stuff when it’s not ruining the environment, but he’s also a bigoted piece of shit. Then again, our staff is a bunch of radical leftists who believe crazy…
“Stellantis Faces Shareholder Lawsuit for Poor Earnings | Giga Gears”
Good morning! It’s Friday, August 16, 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.
EV Depreciation: $600 Daily | Giga Gears
The depreciation of electric vehicles is far steeper than data showed just last year. EVs can now lose up to half their value over a single year, based on recent observations. This is a sharp shift from when electric cars were projected in December 2023 to lose half their value in three years. However, the factors…