Tag: Auto industry

Links 1/10/2021

What I learned playing 30+ years’ worth of Jeopardy! video games Ars Technica Indonesia Boeing 737 passenger plane crash site found, navy says BBC Effective leaders ‘rise to the occasion’: The Carlyle Group’s David Rubenstein World Economic Forum See you in hell, punk London Review of Books Moynihan Train Hall czar killed himself as pressure […]

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Having Dropped for Years, US Auto Sales Plunged to 1970s Level in 2020

Yves here. Oops. Covid is killing auto sales. Concerns about the direction of the economy, fewer car rentals due to a big decline in  business and personal travel and reduced commuting might have something to do with that. Oddly, one of my friends in the auto supply business who has Mercedes and Toyota among her […]

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Insurance Companies Flag “Driver Disengagement” as Factor in Robot Car Safety

By Lambert Strether of Corrente I first wrote about robot cars back in 2016, in “Self-Driving Cars: How Badly Is the Technology Hyped?” (“Spoiler alert: Pretty badly”). Back then shady operators like Musk (Tesla), Kalanick (Uber), Zimmer (Lyft), and even the CEO of Ford were predicting Level 5 autonomous vehicles — I prefer “robot cars,” […]

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Latest Election Stunt Proves Uber and Lyft Are Their Own Worst Political Enemies

Yves here. The headline might be read by some as implying that Uber and Lyft are redeemable. Their untenable economics say otherwise. And remember, the author, as the proponent of a way to reduce the precarity of gig work, has to give Uber and others the benefit of the doubt, regardless of what he may […]

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Right to Repair Redux: Massachusetts Ballot Questions

This is Naked Capitalism fundraising week. 1725 donors have already invested in our efforts to combat corruption and predatory conduct, particularly in the financial realm. Please join us and participate via our donation page, which shows how to give via check, credit card, debit card, or PayPal. Read about why we’re doing this fundraiser,what we’ve […]

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The Problem With California’s Electric Dream

This is Naked Capitalism fundraising week. 1295 donors have already invested in our efforts to combat corruption and predatory conduct, particularly in the financial realm. Please join us and participate via our donation page, which shows how to give via check, credit card, debit card, or PayPal. Read about why we’re doing this fundraiser, what […]

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Wolf Richter: Nikola Hype Collapses, Shares Plunge Further, Founder/CEO Pushed Out. GM Swoons

Lambert here: They call it an investment vehicle because it’s designed to drive off with your money. By Wolf Richter, editor of Wolf Street. Originally published at Wolf Street. Shares of the electric truck maker Nikola that hasn’t made a single truck — not even a working prototype that uses its own technology — started […]

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Covid-19: Carmageddon Beckons Unless Work from Home Continues

Yves here. Covid-19’s impact upon local and regional economies depends very much on pre-existing conditions. For instance, California’s destructive wildfires are even worse than they would otherwise be due to dependence on prison labor…which now has such a high level of infection that there are pretty much no conscript firemen. One former strength of many […]

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More on Deaths of Despair: New Study Links Early Job Loss to Higher Rates of Overdose Deaths and Suicides

A new study published in the Journal of Epidemiology and Public Health (hat tip reader ma) gives more granular insight into the triggers of so-called deaths of despair, as in the AIDS-level rise of deaths of the middle aged with high-school-only educations. We’ve embedded the study at the end of this post; the data supplement […]

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Even If Joe Biden Wins in a Blowout, the ‘Global Economy’ Is Not Coming Back

Yves here. I hate to sound like a Luddite, but the idea of global production, in the form of China as the world’s manufacturer, was never sustainable. I am still gobsmacked that Western multinational and tech execs would make their operations hostage to a country where they have no influence over their government, and that […]

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There Can Be No Equality Without a Dramatic Renewal of Employment Opportunity for All American Workers

Yves here. For those who didn’t grow up in the era of good union-protected manufacturing jobs, it’s hard to convey adequately how different things were then. Blue collar workers could buy a house and a car, support a stay-at-home wife, and often also afford a recreation luxury, like a boat or a cabin. Those manufacturing […]

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Why Relentless Labor Rights Enforcement Will Make or Break the New NAFTA

Yves here. One of the reasons the so-called Nafta 2.0 was touted as better than its predecessor was that it contained protections for labor bargaining rights in Mexico. The argument was that stronger labor rights in Mexico would reduce the level of labor arbitrage and hence the harm to US workers. The deal has only […]

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