The Next Subprime Crisis Is Here: 12 Signs That A Day Of Reckoning Has Arrived For The U.S. Auto Industry

The Next Subprime Crisis Is Here: 12 Signs That A Day Of Reckoning Has Arrived For The U.S. Auto Industry:

In 2008, subprime mortgages almost single-handedly took down the entire financial system, and now a new subprime crisis is here.  In recent years, the auto industry has been able to boost sales by aggressively pushing people into auto loans that they cannot afford.  In particular, auto loans made to consumers with subprime credit have been accounting for an increasingly larger percentage of the market.  Unfortunately, when you make loans to people that should not be getting them, eventually a lot of those loans are going to start to go bad, and that is precisely what is happening now.  Meanwhile, automakers and dealers are starting to panic as sales have begun to fall and used car prices have started to crash.  If you work in the auto industry, you might remember how horrible the last recession was, and this new downturn could eventually turn out to be even worse.

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Trump’s Old Ferrari F430 Sells Auctioned Off For $270,000

Trump’s Old Ferrari F430 Sells Auctioned Off For $270,000:

A Ferrari once owned by President Trump was sold at auction this weekend at a record $270,000, despite failing to meet an earlier reserve price of $250,000 resulting in a private transaction. The buyer was not revealed.

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Soaring Lease Returns Set To Wreak Havoc Used Car Pricing and Auto Industry Profits

Soaring Lease Returns Set To Wreak Havoc Used Car Pricing and Auto Industry Profits:

Falling used car prices have already started to take their toll with Ford shaving $300 million from its financial-services arm’s profit forecast for this year but is Ford just the “canary in the coal mine?”

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Google gives driverless cars the green light for business, but are we really ready for AI piloted vehicles on our roads?

Google gives driverless cars the green light for business, but are we really ready for AI piloted vehicles on our roads?:

It all sounds so futuristic and exciting, this concept of driverless cars, but the reality is, our society may not be nearly as ready for it as other people in other lands may be. That’s because if there is one thing Americans are infatuated with, it is the automobile.

And yet, the technology is here and it is getting better every year. So we may have little choice about whether or not we want our vehicle to do the driving for us in the near future.

Indeed, the technology has even advanced to the point where media and technology giant Google has given them a “greenlight” for business, The New York Times reported recently.

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Toyota developing free piston engine linear generator for hybrid cars

H/t reader kevin a:

“This is an Amazing engine.”


toyota-linear-generator-876

Toyota developing free piston engine linear generator for hybrid cars:

Toyota is hot on hydrogen fuel cells for its next-generation cars, but it’s not going cold on internal combustion just yet.

The company’s R&D division has developed a Free Piston Engine Linear Generator that can convert gasoline and other fuels into electricity more efficiently than existing systems.

It’s a technology that could lead to lighter, more efficient, better-packaged powertrains for plug-in hybrid cars.

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Ford To Idle Four Factories Due To Slowing Car Demand, Rising Inventories

Ford To Idle Four Factories Due To Slowing Car Demand, Rising Inventories:

As a result of slowing demand and declining US auto sales coupled with growing inventory, Ford Motor is halting one of two plants that builds its top-selling F-150 pickup as it idles four factories this month amid slowing U.S. auto sales.

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Caught On Tape: Hackers Take Control Of A Moving Tesla From Miles Away

Caught On Tape: Hackers Take Control Of A Moving Tesla From Miles Away:

The first video evidence emerges of hackers taking remote control of Tesla Model S vehicles and controlling everything from internal displays to slamming on the brakes while in motion. 

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