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04.02.26 - 13:48
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EV Bloodbath: Carmakers Suffer Face-Melting Losses As Buyers Flee, Credits End (ZeroHedge)
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EV Bloodbath: Carmakers Suffer Face-Melting Losses As Buyers Flee, Credits End
The push into electric vehicles was always bullshit, sold by the left as the move that would future-proof America's and Europe's legacy automakers and save the planet - and anyone not buying it was subject to a guilt trip from smug, private-jet-owning elitists. Instead, EVs are now looking like one of the costliest strategic blunders in modern automotive history. Major U.S. and European brands - including Ford, General Motors, Stellantis, Mercedes-Benz, and Volkswagen - have collectively burned through nearly a staggering $114 billion on EV ventures between 2022 and late 2025, according to an analysis by Robert Bryce in the The New York Post.
Thomas Edison with a Detroit Electric car in 1913. Credit: Wikimedia. Via RobertBryce.substack.com
Ford, Lucid, and Rivian report EV losses directly in their SEC filings, while GM, Stellantis, Mercedes, and Volkswagen do not break out EV performance, forcing analysts to r...
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04.02.26 - 13:33
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CarMax Named One of TIME′s America′s Most Iconic Companies (GlobeNewswire EN)
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RICHMOND, VA, Feb. 04, 2026 (GLOBE NEWSWIRE) -- CarMax, Inc. (NYSE: KMX), the nation's largest retailer of used cars, has been recognized by TIME Magazine as one of America's Most Iconic Companies. The project, created in partnership with Statista Inc., marks the 250th anniversary of the United States and honors 250 companies that have become enduring symbols of American business, culture, and identity. This positive recognition reaffirms CarMax's decades-long dedication to providing a transparent and customer-centric experience. CarMax is honored to be included among other automotive brands, including Ford Motor Company, General Motors, and Tesla. CarMax's commitment to innovation and iconic customer experiences has helped make the company the nation's largest retailer of used cars. As the original disruptor of the automotive industry, CarMax's "no-haggle" prices transformed car buying and selling from a stressful, dreaded event into the honest, straightforward experience all people deserve. Toda...
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