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ZeroHedge ZeroHedge
Profile picture for user toulour

"Cars Have Just Been Crushed": The American Auto Market is Officially in Recession Again

by toulour - Jan 13, 2019 1:34 pm

Don't be fooled by GM's optimism for 2019; the shift from sedans to SUVs has left Detroit automakers with too much capacity, too much inventory and in the beginning stages of recession. 

  • Jan 13, 2019 1:34 PM
  • toulour's blog
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SEC and Commerce Department Investigating Boeing Satellite Sale to Chinese Backed Firm

by toulour - Jan 12, 2019 8:27 am

Lawmakers and government officials said that they were surprised Boeing would conduct such a sale, if it knowingly understood China's involvement.

  • Jan 12, 2019 8:27 AM
  • toulour's blog
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Multi-Year Billion Dollar Canadian Money Laundering Investigation Ends After Prosecutors Reveal Undercover Informant's Identity

by toulour - Jan 12, 2019 7:36 am

The investigation was mostly focused on moving Chinese money in and out of Canada for the purpose of purchasing real estate in Vancouver. 

  • Jan 12, 2019 7:36 AM
  • toulour's blog
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Costco Can't Keep Its 27 Pound "Emergency" Mac and Cheese Bucket in Stock

by toulour - Jan 11, 2019 10:40 am

The product reportedly has a 20 year shelf life and, on the company's website, is listed under “Emergency Kits & Supplies”. 

  • Jan 11, 2019 10:40 AM
  • toulour's blog
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GM Jumps on Shocking 2018 Beat and Increased 2019 Outlook, Bucking the Global Trend

by toulour - Jan 11, 2019 9:22 am

The company guided for $6.50 to $7 in adjusted EPS and adjusted automotive free cash flow $4.5 billion to $6 billion for 2019 - both above estimates. Too good to be true?

  • Jan 11, 2019 9:22 AM
  • toulour's blog
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World Rolls Eyes as Elon Musk Claims Tesla's New Roadster Will "Do Something Like" Hovering

by toulour - Jan 11, 2019 8:57 am

Musk also claims the vehicle will accelerate at the "limit of human endurance". 

  • Jan 11, 2019 8:57 AM
  • toulour's blog
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Poker Player Locks Himself in Isolation for 20 Days to Win $64,200

by toulour - Jan 11, 2019 8:36 am

It was a $100,000 bet to lock himself up for 30 days that was eventually cut short. 

  • Jan 11, 2019 8:36 AM
  • toulour's blog
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Loxo Chairman's Fund Scores $480 Million Payday on Company's Buyout

by toulour - Jan 10, 2019 1:56 pm

Steve Elms of Aisling Capital is an industry veteran whose work just paid off - in a big way. 

  • Jan 10, 2019 1:56 PM
  • toulour's blog
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Trucking Companies are at War to Capture This New Niche of E-Commerce Delivery

by toulour - Jan 9, 2019 12:28 pm

The online ordering of larger items that are generally un-deliverable by traditional carriers like UPS and FedEx has opened up a new delivery niche that larger truckers are scrambling to fight over. 

  • Jan 9, 2019 12:28 PM
  • toulour's blog
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Cars Will Soon Be Monitoring Their Drivers and Selling the Data They Collect

by toulour - Jan 9, 2019 9:11 am

New technologies profiled at CES this year include artificial intelligence software and in-car monitoring cameras.

  • Jan 9, 2019 9:11 AM
  • toulour's blog
Profile picture for user toulour

After Years of Charging Thousands for Full Self Driving, Tesla Admits Activation is Still "Very Far Away"

by toulour - Jan 9, 2019 8:47 am

“So even when we have the hardware ready, and your car would have it, you would most likely not be able to use it for a very long time...”

  • Jan 9, 2019 8:47 AM
  • toulour's blog
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China Car Sales Collapse In First Annual Drop In Over 20 Years

by toulour - Jan 9, 2019 7:53 am

Retail sales of passenger vehicles in China fell a dramatic 19% on the year, while SUV retail sales also fell 18.9% - the first drop in annual decline in over 20 years.

  • Jan 9, 2019 7:53 AM
  • toulour's blog
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Deutsche Bank Will Reportedly Spend About $2 Billion on Bonuses, Despite "Cuts"

by toulour - Jan 8, 2019 2:08 pm

“Deutsche Bank has a severe talent loss problem and this bonus cut will exacerbate the problem. Focusing on top performers is not new and not the solution.”

  • Jan 8, 2019 2:08 PM
  • toulour's blog
Profile picture for user toulour

Bankrupt, Eh? Insolvency Filings Rocket in Almost All Canadian Provinces Amidst Rising Rates

by toulour - Jan 8, 2019 8:47 am

“We’re seeing a bump [in filings], and in some provinces that bump is significant.” 

  • Jan 8, 2019 8:47 AM
  • toulour's blog
Profile picture for user toulour

Funding Not Secured: Musk Tells China Tesla Must "...Sell Cars Today to Build the Factory Tomorrow"

by toulour - Jan 8, 2019 8:28 am

"The high-end versions of the Model 3 -- the price will still remain the same next year. I don’t want people to hold off on purchasing..."

  • Jan 8, 2019 8:28 AM
  • toulour's blog

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