AD #3955 - Nikola Running Out of Cash; Trump May Drop Crash Reporting Rule; Chinese EV Maker Jiyue Disbands
About this episode
The episode covers major challenges in the automotive industry, including the disbanding of Chinese EV maker Jiyue due to financial struggles amid fierce price wars, and Nikola's cash shortage leading to layoffs and a shift from battery electric to fuel cell trucks. It also discusses potential regulatory changes under the Trump administration that could reduce crash reporting requirements for driver assistance systems, possibly influenced by Tesla. Additionally, US EV sales continue to grow despite a Tesla decline, Toyota and Suzuki's new electric SUV partnership, China's booming used car market driven by cash-for-clunkers incentives, and the final auctioning of Saab's manufacturing equipment signaling the brand's end.
Tesla Model
"...forty five thousand vehicles sold in October. The Tesla Model Y and three were also the two best selling EV tha..."
Toyota Urban Cruiser
"...tara, and now Toyota has debuted its version, the Urban Cruiser. There's both front and all wheel drive available..."
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