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  • Tesla reported a loss of $293m for the second quarter
    03 Aug 2016

     One of the main questions surrounding Tesla is its ability to ramp up production to satisfy the almost 400,000 existing Model 3 orders, and the hundreds of thousands of orders that are supposed to follow. Past isn’t necessarily indicative of the future, but on Tesla’s earnings call just now things didn’t sound all roses.  The company ended up losing $293 million last quarter on a GAAP (Generally Accepted Accounting Principles) basis, and $150 million on a non-GAAP basis, which takes into account things like leases that GAAP generally doesn’t adjust for. ...

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  • Second-generation Chevy Volt enjoys now its sales success
    03 Aug 2016

    According to the latest data from General Motors, the second-generation Chevy Volt continues to rack up impressive sales numbers. It has been announced that the sales of the Chevy Volt have now reached 100,000 units. This is probably due to a growing demand for alternatively powered automobiles.  Steve Majoros, Director of Marketing, Chevrolet Cars and Crossovers, says that the model delivers not just a fun driving experience behind the wheel. It has become the first vehicle with plug-in electrification technology to truly become mainstream. Last month, GM's plug-in hybrid sold a...

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  • Car profits dropped comparing to last year!
    02 Aug 2016

     Ford has reported a 9% drop in second quarter last week, this is how the auto industry analysts got scared that car sales will slow down after 7 years of prosperity. Now the official U.S. sales have aired and it seems that the industry has really reached a plateau. Company  July 2015    July 2016     % Increase  Fiat Chrysler A.  181,081  181,538  0.30%Ford Motor Company  222,014  215,268  -3.00%General Motors  272,512  267,258  -1.90%Mazda North America  27,157  27,915  2.80%Honda Motor C...

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  • The market for cars and trucks in the U.S. has reached a plateau
    01 Aug 2016

    AutoNation Chief Executive Mike Jackson confirmed that demand for cars and trucks are slowing in the U.S. He also added that the operator of auto dealerships around the country is aiming to cut excessive inventory of unsold vehicles.   Mike Jackson said that the market for cars and trucks in the U.S. is forcing dealers and automakers to come up with a new strategy for their business. It's difficult to accept the current situation after enjoying years of good growth. Jackson considers that the major problem is that the automakers overproduce their vehicles, offer deep discounts an...

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  • Commercial building vs. new car sales
    31 Jul 2016

    There is no doubt that commercial building is a sign of a thriving economy. That is why we can say that Licking County might be building its way to economic prosperity. This year Licking County has 12 building projects of at least $1 million and 21 projects costing $500,000 or more. Overall, commercial building is up 240 percent, compared with 2015.  The most surprising thing here is that the only economic indicator not showing improvement in the first half was the number of new car sales, down for the second year in a row after several years of significant increases. It's diffic...

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