Wednesday Morning Auto News, Oct 04, 2023: GM prepares $6 bln. line to cushion strike cost. Musk’s X is a black hole of value. Grimes sues Musk. More.

[ There is more … ]

Tuesday Morning Auto News, Oct 03, 2023: BYD tops Tesla, takes global EV production crown. 3.3m Hyundai and Kia models recalled. More.

[ There is more … ]

Monday Morning Auto News, Oct 02, 2023: German government rebukes, Ukraine’s parliament taunts Musk. Musk calls for Trump-style wall. More.

[ There is more … ]

Friday Morning Auto News, Sep 29, 2023: Mercedes launches Drive Pilot in two US states. VW scraps plans for new EV factory. Tesla’s black workers faced widespread racism, feds allege. More.

[ There is more … ]

World’s Largest Automakers: Disruption, my eye.

Remember how, year after year, supposedly smart and learned people predicted the impending death of “legacy automakers?”  Now look at the picture above.  With the COVID and chip crises behind them, world’s largest automakers are in full growth mode.

World’s largest automaker, Toyota Group had a record August with worldwide sales up 9.45%. Its year-to-date global sales rose 5.9%. The company is poised to book global 2023 sales in excess of 10 million.

Volkswagen Group continues to clear its cobwebs. Its global year-to-date deliveries were up a whopping 11%.

Hyundai Group continues its steady climb to the top. Imagine, a year ago the formerly impressive Renault-Nissan-Mitsubishi Alliance was still in their place. Remember them?

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