Category Archives: economy

Making America Late Again – NAIAS to September 2021

NAIAS will remain a fall show going forward after the inaugural event in September 2021. Show dates have been secured with TCF Center for the next three years. NAIAS organizers choose dates towards the end of the month because of the new IAA in Munich, which is scheduled for the first full week in September. NAIAS has had a troubled relationship with German automakers. The NAIAS move in our view is defensive with a yet unknown outcome. Continue reading

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2020 Muscle Car and Corvette Nationals Cancelled

“We know that we have all been hoping for the best, but with the uncertainty and the current State of Illinois limitations regarding spectators at indoor events, it is not feasible to continue with the show this year,” said MCACN Managing Member, Bob Ashton. Continue reading

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Covid Labor Day 7 September 2020 Sees a Sick Economy

The unemployment rate fell to 8.4%, down from 14.7% in April and 10.2 % in July (The so-called U-3 measure  is people without jobs who must have looked for a job in the last four weeks). Any way you look at it joblessness is still higher than the peak of many past recessions. The real unemployment rate was 14.2% because it contains 535,000 discouraged workers. (This is U-6 or the real rate because it includes people who would like a better job. It also includes those who are underemployed and marginally attached.) Continue reading

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COVID-19 – Ford to Donate 100 Million Masks

Masks will support presumptive President Joe Biden’s pending mask wearing mandate. Ford, currently manufacturing 2.5 million medical-grade masks a week for its employees and at-risk communities, is growing the number of mask-making machines by mid- to late-October to increase production and deliver on its goal. Continue reading

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Our Sinking US Economy Sinks $3.3 Trillion Further

It is now almost completely likely that the US  federal debt under the Trump Administration will exceed annual gross domestic product (GDP ) in 2021. The last time this happened  was at the close of World War II, when amassed debt exceeded in value the size of the economy. Continue reading

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This Grim Picture is Not Worth a 1000 Corona Deaths

The United States accounts for 22% of the Global Corona Virus Deaths with a mere 4% of the world’s population. Fear the Trump Administration if you care for your own o ranyone else’s health and safety. Continue reading

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Milestones – 40,000 Bentley Flying Spurs

All three generations of Flying Spur have been designed, engineered, developed and manufactured at Bentley’s home in Crewe, where the production milestone is being celebrated by the skilled workforce of designers, engineers and craftspeople. Continue reading

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August Vehicle Sales to Drop as Prices Hit Record High

Reporting the same numbers without controlling for the number of selling days translates to a decrease of -16.8% from a year ago. While the decline vs. August 2019 is substantial and reflects the ongoing do nothing about COVID-19 attitude of the hapless Trump reign, August 2020 contains two fewer selling days than August 2019. It also has no help from promotions during the Labor Day weekend, which is after the August sales close. Continue reading

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Commercial Truck Market Upturn Is on The Road

“Pricing is solidifying, customers are buying more used trucks and new truck orders and deliveries are heading back in the right direction,” said Chris Visser, commercial truck senior analyst at Valuation Services. Continue reading

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Covid: Census Says Construction Better Off, More Optimistic Than Other Small Businesses

“These companies of one to 499 employees provided important new insights into the effects of the pandemic,” said Jane A. Callen of the Census Bureau. It doesn’t appear to have anything to do with the Trump Administration’s voter suppression efforts that us Federal Agencies such as Census to subvert our democracy. Continue reading

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COVID-19 Auto Related Closings, Openings, Closings

Updated from 16 March 2020 onward Continue reading

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RumbleOn Posts Q2 Profit of $8.5m, 10.0% of Revenue

“The COVID-19 pandemic has brought headwinds and tailwinds to this industry,” said Marshall Chesrown, Chief Executive Officer. “Thus far in the third quarter we are experiencing the highest online activity, strongest demand and highest valuations we have seen in our history.” Continue reading

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Michigan and Cavnue to Create Autonomous Vehicle Lanes Linking Ann Arbor and Detroit

The project will draw on an advisory committee of automotive and autonomous mobility companies, including Ford, GM, Argo AI, Arrival, BMW, Honda, Toyota, TuSimple, & Waymo. Notably absent is Fiat Chrysler. (See AutoInformed.com on “Bye Bye FCA and PSA. Hello Stellantis”) Continue reading

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J.D. Power to Buy ALG from TrueCar

The acquisition is predicted to augment offerings from the data & analytics division of J.D. Power. It is subject to the necessary regulatory approvals. Upon approval and close, all 40 ALG employees will join J.D. Power. Continue reading

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Federal Deficit for FY 2020 To Date – $2.8 Trillion or +$1.9 Trillion Year-over-Year

The cumulative federal budget deficit for the first 10 months of fiscal year 2020 reached $2.8 trillion, +$1.9 trillion more than the deficit recorded during the same period last year. Revenues were 1% lower and outlays were 51% higher through July 2020 than during the same 10-month period in fiscal year 2019. Continue reading

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