Truck sales surged in May, with the Toyota RAV4, Honda CR-V, Subaru Forester and Nissan Rogue all posting their best-ever May sale results. Low loan rates and major automobile sales contributed to the numbers.
Hybrids and plug-ins together took 3.71 percent of the US auto market last month, Voelcker writes, just 0.01 percent below their all-time high share of 3.72 percent last December. The more hybrids and plug-ins that are sold, the more economies of scale can kick in to lower their component costs, from lithium-ion cells to electric traction motors.
Toyota had to recall millions of vehicles with breaking problems in 2010, and a class action lawsuit worth up to $1.6 billion will be decided next month.
Tesla looks unlikely to stay independent in the long run. While some commentators point to Apple as a possible buyer, a more logical choice are Daimler and Toyota, which already own stakes in Tesla.
With the Dow Jones Industrial Average hitting the 15000 milestone and economic signals flashing continued growth, the case for bull market optimists looks stronger. But there are reasons to be cautious about a retrenchment of the Dow.
GM, Ford, and Chrysler have reinvented themselves in the years since the Great Recession almost spelled the demise of two of the Big Three automakers. Their 'transformative' evolution puts them in a position to compete globally.
A sixth-generation GM worker is delighted to have landed a job at the US automaker, even if her wages and benefits don't hold a candle to what her own father made there. Such jobs, it seems, are still prized.