🚗 GM Claims Gains

🚙 Stellantis Cuts, Mazda ICE, and The Week's Data

November 08, 2024

TOGETHER WITH

The holiday stretch is upon us; soon, folks will be traveling for Thanksgiving, and we won’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) 🦃 

Keep Pushing Back
-Paul, Kyle, Chris & Kristi

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Today's Email

🎩 Top Automotive Updates: Mercedes-Benz’s High-Tech CLA EV, Stellantis Job Cuts, GM’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.

Mazda’s also sticking with gas a bit longer, unveiling their super-efficient Skyactiv-Z engine.

Meanwhile, GM’s Q3 profits soar, Stellantis slashes 1,100 Jeep jobs to battle Gladiator overload, and Nissan enters “emergency recovery” mode to stay afloat. BYD’s Canada debut? On pause thanks to tariffs.

And in off-road news, Charles Taylor’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.

📈 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 — 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 Trump’s leadership.

  • Cryptocurrency Boom — 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 — 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 — 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 — 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. 👈

AROUND THE ASOTU-VERSE

🗓️ Coming Soon

LAST DAY! 🤠 November 5-8th — Opening presenters at the 2024 ATAE PR & Communications Focus Group Meeting in Austin, Texas.

⚜️ January 23-26th, 2025 — NADA Show in New Orleans.

🦀 May 13-16th, 2025 — ASOTU CON in Baltimore, Maryland.

🎬 Episode 4 of More Than Cars at Mohawk Chevrolet

Click image to RSVP

🥊 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. ☁️ 

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

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

🔁 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. 🍺 

  • 1972: American pay television network Home Box Office (HBO) launches. 📺️ 

  • 1989: Infiniti is founded. 🆕 

Thanks for reading, friend! If you enjoyed what we put together today, send it to a friend. If you didn’t enjoy what we put together today, try again tomorrow. You never know.

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