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A GM Maven car-sharing service vehicle in front of the New York Stock Exchange

Will Ford, GM, and BMW’s Car-Sharing Projects Defeat Uber and Lyft?

Car stocks have decreased due to trade wars, strikes in the auto industry, and less demand. Many people are turning to public transportation or rideshare services like Uber or Lyft. Gone are the stressful days of trying to hail a taxi last minute. Lyft and Uber drivers can be contacted with the tap of a …
American made car

UAW Strikes, Potentially Crippling GM

General Motors first United Auto Workers strike in 12 years started this morning, with 46,000 workers set to man picket lines. Additionally, the Teamsters have said they’ll honor the strike in solidarity with their UAW workers and not deliver vehicles to dealerships. So, not only are the plants shut down, nothing will get delivered, which …
Deadly car accident

Could GM Survive if Ordered to Leave China?

Could General Motors survive if 43% of its business ceased to exist? Could any business survive that kind of hit? It’s a question everyone in the car industry is asking after a series of tweets from President Trump “ordering” American companies to look for alternatives to doing business in and with China.  Then Saturday Trump …

This Electric Truck Company Is in Serious Financial Trouble

The latest recession has put a lot of auto companies in a tough situation. Though there have been some improvements recently,  stock prices for each of the Big Three have been lower than usual and the companies have had to make cost reductions. Following a huge tax cut last year, 1,500 workers were laid off …

GM, VW Say “No Future” in Hybrids

Model cancellations, consolidations, and a march toward electrification are leading car manufacturers to make drastic decisions. Today, the Wall Street Journal announced that both General Motors and Volkswagen are killing off their Hybrid models. For them, it’s either conventional engines or electric — no middle ground. What they’re saying “Our strong preference is to go …
2020 GMC Sierra 2500 HD parked in gravel

GM Makes Almost All of Its Money on Truck Sales

Loaded Chevrolet Silverado and GMC Sierra pickups, SUVs, crossovers, and a 10.7% profit margin in North American have General Motors executives dancing in the halls of Detroit’s silver silos. The news helped spike GM shares 3.3% to over a one-year high according to Reuters.  “The alarm may be softly ringing for GM to finally reawaken …