For decades, car ownership has been a trademark of the American lifestyle, with vehicles becoming symbols of freedom, independence and even rebellion, as well as a necessity. But in 2024, the country’s legendary love story with the automobile appears to have reached a crucial point of potential no return, as cars have become unaffordable to […]
Tag: Autos
San Diego wants to tax people out of their cars
San Diego County’s Regional Transportation Agency’s (SANDAG) latest transportation plan is designed to make driving so expensive that you succumb to public transportation. In addition to the current gas tax and registration fees, SANDAG’s plan adds three new half-cent sales tax increases, over 800 miles of San Diego County freeway lanes converted to toll lanes, […]
Ford Cancels New Plant In Mexico, Moving Production There Anyway
Ford Motor Co. announced Tuesday it has scrubbed plans to build a new $1.6 billion assembly plant in Mexico, a project that had been spotlighted by then-candidate Donald Trump, especially after Ford said it would move small car production from the U.S. into that new factory. But while the move is being hailed by some […]
Musk’s bad day: Explosion + stock drops by Tesla, SolarCity = $390 million loss
CNBC’s Phil LeBeau reports on problems at Tesla and now SpaceX, after a rocket launch failed in spectacular fashion today. One of his rockets blew up, and he suffered a paper loss of about $390 million as the stock prices of two of his companies sank. Elon Musk was having a horrible day. No one […]