- Americans went on a car shopping spree in 2023 with sales rising 12% despite lofty prices … – Fortune
- Short sellers target BYD, the world’s top EV maker, as rivalry intensifies – SCMP
- Labor Board Backs Fired SpaceX Employees – Wall Street Journal
- Akio Toyoda channels Captain Kirk in urgent New Year plea – Automotive News
- Report: Chery considers building UK car factory – Autocar
- Mini Aceman is brand’s first electric-only car – Autocar
- Which brands are in best shape as ZEV mandate comes into effect? – Autocar
- New Dacia Duster starts at 19,960 euros in France – Automotive News
- Renault Clio E-Tech Hybrid 2024 long-term test – Autocar
- Wang Chuanfu, the driving force behind BYD’s rise – FT
- Elon Musk is allying with Bill Ackman and raging against DEI – Businessinsider
- Chinese carmaker Chery eyes UK factory this decade – FT
- Chinese carmakers face price war, growing EV competition in 2024 – Nikkei
- China EVs: Xpeng and Li Auto roll out X9 and Mega MPVs aimed at rich buyers in bid to … – SCMP
- Stellantis sales drop 1% in 2023 with plug-in hybrids up – The Detroit News
- Stellantis won’t participate in Chicago Auto Show – The Detroit News
Thursday Morning Auto News, Jan 04, 2024: U.S. car sales grow 12% in 2023. Short sellers target BYD. Labor Board backs fired SpaceX employees. Akio Toyoda channels Captain Kirk. More.
Wednesday Morning Auto News, Jan 03, 2024: BYD celebrates Tesla win with money to dealers. VW expects breakthrough EV battery. Musk still fuming over John Oliver roast. More.
- China’s BYD Celebrates Its Tesla Win by Giving Money to Car Dealers – Businessinsider
- VW Sees Promising Test Results for Potential Breakthrough EV Battery – Bloomberg
- Elon Musk is still fuming over John Oliver roasting him – Businessinsider
- UAW targets nonunion plants after Stand Up Strike, needs new strategy – Freep
- Tesla Fires New Salvo at Ex-Worker Bankrupted After Feud With Elon Musk – Bloomberg
- Musk’s x value cut by another fidelity writedown – Bloomberg
- 2024 Aston Martin Lineup: What’s New for the Vantage, DB12, DBX, and More – Motortrend
- BYD Leads Global EV Makers in Q4 Without U.S. Market…Yet – Wardsauto
- Hyundai Mobis to assist US military in reducing motion sickness – Just-Auto
- Hyundai, Kia set US sales records as market comeback rolls on – Automotive News
- Geely’s Lynk & Co brand appoints new international boss – Automotive News
- US auto sales likely jumped in 2023; new year to be challenging – Reuters
Tuesday Morning Auto News, Jan 02, 2024: @BYD bigger than $TSLA. @X worth less than a third of what @elonmusk paid. More.
We are back from vacation (and no, the earthquake didn’t get us.) Happy New Year!
- BYD Is Now Bigger Than Tesla After Record Quarterly Sales – Barrons
- X Worth Less Than a Third What Elon Musk Paid for Twitter Per Fidelity: Axios – Bloomberg
- EVs eligible for $7,500 US tax credit cut to 13 from about 24 – Mercurynews
- Geely hikes sales annual target 13% to 1.9 million – Automotive News
- BYD produced more than 3 million cars in 2023, set to beat Tesla – CNBC
- It looks like Tesla just lost the EV crown to China – Businessinsider
- Driving Real History: How Every Generation of Porsche 911 Compares to Each Other – Motortrend
- China’s EV Champion BYD Will Take on the World in 2024 – Wall Street Journal
- China’s BYD poised to overtake Tesla as world’s largest maker of pure-electric vehicles on … – SCMP
- BYD Electric Car Becomes Lifeline in Australian Blackout – Businessinsider
- BYD confirms plans to build NEV plant in Hungary – Just-Auto
- Elon Musk picks a lot of fights. Here’s why so few CEOs fire back — even if they want to. – Businessinsider
World’s Largest Automakers: Fans of Musk, get in touch with reality.
We interrupt our Christmas holidays for some statistics. Fans of Musk predict with ever-increasing shrillness the imminent demise of the “legacy” automakers. If the legacy automakers would just listen. Look at the chart, showing the global sales of the world’s largest automakers for the months of January through November 2923. The chart either attests to the health of the “legacy” OEM, or it signals that fans of Musk need to have a few sessions with their psychiatrist – up to you.
The future of the automobile is electric, fans of Musk are convinced. The stats say otherwise. The list of world’s largest OEMs is led by the Toyota Group, an obstinate battery skeptic. Toyota Group has pierced the 10 million unit threshold, and there is one more month left on the calendar (Japanese OEMs report by the end of the following month, VW reports at the middle. Hyundai Group reports early in the month.) What’s powering Toyota’s stats are strong sales of hybrid vehicles, which goes completely against the pure teachings of Elon Musk.
We wish you a Merry Christmas, and a Dailykanban New Year. And now we’re closed.
According to a long-standing Dailykanban tradition, we close shop during the Christmas holidays. Heck, even Tesla’s German factory now follows our tradition. We will use the free time to dedust our severs, to get fat, and for a general goofing off period. Wherever you are, and whatever you may celebrate, we wish you smashing festivities. We shall return on Tuesday, Jan 2nd 2024.