๐Ÿš— GM Claims Gains

๐Ÿš™ Stellantis Cuts, Mazda ICE, and The Week's Data

TOGETHER WITH

The holiday stretch is upon us; soon, folks will be traveling for Thanksgiving, and we wonโ€™t really see them again until January 3rd.

This year, the festivities start even earlier. Make a plan to join us for the live stream premiere of More Than Cars episode 4 at Mohawk Chevrolet on November 13th.

B.Y.O.T(urkey) ๐Ÿฆƒ 

Keep Pushing Back
-Paul, Kyle, Chris & Kristi

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Today's Email

๐ŸŽฉ Top Automotive Updates: Mercedes-Benzโ€™s High-Tech CLA EV, Stellantis Job Cuts, GMโ€™s Financial Gains.

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Mercedes-Benz rolls out the CLA EV prototype with fast charging, high-tech flair, and even a hybrid twist for the undecided.

Mazdaโ€™s also sticking with gas a bit longer, unveiling their super-efficient Skyactiv-Z engine.

Meanwhile, GMโ€™s Q3 profits soar, Stellantis slashes 1,100 Jeep jobs to battle Gladiator overload, and Nissan enters โ€œemergency recoveryโ€ mode to stay afloat. BYDโ€™s Canada debut? On pause thanks to tariffs.

And in off-road news, Charles Taylorโ€™s wild one-wheeled vehicle concept might actually go mainstream.

Excuses, Excuses, Excuses

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It's easy to come up with excuses for not "doing" video in the sales process:

It's too hard, it'll take too long, my team won't do it, Roger is too old, and the list goes on.

๐Ÿ“ˆ Stocks Soar Post-Election

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Donald Trump's presidential win and the Republican control of the Senate have sent ripples through financial markets, spurring a surge in stocks and fueling investor speculation on policy shifts that could shape the economy.

Edward Jones / FactSet

  • Markets Surge Post-Election โ€” The Dow Jones jumped 1,503 points (3.6%), the S&P 500 gained 2.5%, and the Nasdaq rose nearly 3%. Investors are banking on continued economic growth and more market-friendly policies under Trumpโ€™s leadership.

  • Cryptocurrency Boom โ€” Bitcoin reached a record $75,345, up nearly 8%, before settling. Shares of Coinbase rose 18%, as Trump's campaign support for cryptocurrencies fueled enthusiasm.

  • Looking Ahead โ€” Economists expect moves like extending the 2017 personal tax cuts and potential tariffs on trade partners, adding a layer of complexity to future economic growth.
     

Bloomberg

 
Trump's re-election has triggered significant financial responses across just about every financial sector, including major movements in currencies and bonds.

  • Bond Market Shifts โ€” 10-year Treasury yields climbed significantly to reach 4.9%, the highest level seen in over a decade, as investors brace for increased government borrowing under the new administration. This shift suggests heightened demand for higher returns amid potential fiscal policy changes.

  • Dollar Strengthens โ€” The U.S. dollar surged 1.65% against major currencies, marking its biggest single-day gain in eight years. This reflects optimism around Trump's anticipated economic policies and expectations of stronger returns on dollar-based investments.
     

BBC / Bloomberg


What can we expect to see from a Trump economy moving forward? Keep reading here to find out. ๐Ÿ‘ˆ

AROUND THE ASOTU-VERSE

๐Ÿ—“๏ธ Coming Soon

LAST DAY! ๐Ÿค  November 5-8th โ€” Opening presenters at the 2024 ATAE PR & Communications Focus Group Meeting in Austin, Texas.

โšœ๏ธ January 23-26th, 2025 โ€” NADA Show in New Orleans.

๐Ÿฆ€ May 13-16th, 2025 โ€” ASOTU CON in Baltimore, Maryland.

๐ŸŽฌ Episode 4 of More Than Cars at Mohawk Chevrolet

Click image to RSVP

๐ŸฅŠ Quick Hits: Plastic Clouds, Burger Bots, and TikkyToks

  • Airborne microplastics can enhance cloud formation by promoting ice crystal development, potentially altering weather and climate patterns globally. โ˜๏ธ 

  • Wendy's uses Palantir AI to predict ingredient shortages, reducing excess inventory costs amid inflation and higher labor expenses. ๐Ÿ” 

  • TikTok now allows users to share Spotify and Apple Music tracks directly in posts, enhancing music discovery and platform connectivity. ๐ŸŽผ 

๐Ÿ” Today in History: Beer, HBO, and Infiniti

  • 1923: Beer Hall Putsch: In Munich, Adolf Hitler leads the Nazis in an unsuccessful attempt to overthrow the German government. ๐Ÿบ 

  • 1972: American pay television network Home Box Office (HBO) launches. ๐Ÿ“บ๏ธ 

  • 1989: Infiniti is founded. ๐Ÿ†• 

Thanks for reading, friend! If you enjoyed what we put together today, send it to a friend. If you didnโ€™t enjoy what we put together today, try again tomorrow. You never know.

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