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The Next Recession May Come By Stealth

Markets have been blowing hot and cold regarding the prospects of a recession in the U.S. The Institute of Supply Management’s November survey shows that the index of factory activities in the U.S. fell to 48.1 from 48.3 in October (any reading below 50 is indicative of a contraction). This is confounding the expectation that America’s domestic industrial production would improve in anticipation of a “deal” in the U.S.-China trade war. However, the Department of Labor also reported that 266,000 jobs have been added to the economy in November, bringing unemployment rate down to a historic low of 3.5%. A confusing situation has just been made more confusing. It has been said that generals are always fighting the last war. It’s not that different when it comes to fighting economic downturns. Since the global financial crisis a decade ago, we have been scouring… Read More

Prost says “stupid” electric obsession leaves F1 in tough spot

As a number of governments plan to outlaw the sale of petrol/diesel and hybrid cars from 2040 at the latest, Prost has questioned the political motives behind those efforts which he thinks will achieve little in reducing carbon emissions.

And with the costs of forcing car manufacturers to go electric putting their finances under pressure – with Honda this week admitting that the price of electrification had put question marks over its F1 future – Prost is unhappy about where things are heading.

“I am really upset about what I can see today with the automobile industry,” said Prost, when asked by Motorsport.com for his views on the impact of the push by governments to force car makers to go electric.

“We are going to give everything to the Chinese [automotive industry] where in 10 years’ time, they are going to introduce their cars here – and that is

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Automobiles, Autos, Autonomous Automobiles

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Auto Care Affiliation

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The Middle for Automotive Analysis at Stanford hyperlinks trade, academia and government to allow house painters brisbane human-centered mobility. 3 Contact us Our professional workers is dedicated to serving to the auto care industry thrive. Nationwide low emission automobile program. A voluntary nationwide low emission car program for gentle-responsibility automobiles and light-weight-duty vehicles that’s enforced by the EPA (outdoors of California) as soon as automakers and states choose in and this system is … Read More