VW abandons cheap cars

Almost 20 years after Volkswagen introduced the Phaeton to a resounding “huh?” of the buying public, VW is once again doubling down on premium models offering higher profit margins than bargain products. All this and more in The morning shift for April 6, 2022. 1st gear: Must be fun being an Audi executive right now … Read more

Fewer people are buying cars and Biden goes bankrupt: gas price watch

Drawing: Angelica Alzona (Shutterstock) Hello and happy Friday! We created it. I’m proud of us. It’s been a tough week, hasn’t it? Gasoline prices have also been quite difficult. They’ve gone down about a penny a day, which is something – but not really *something*. The average price of a gallon of regular gasoline across … Read more

Biden to invoke Defense Production Act for electric vehicle battery materials

US President Joe Biden announces the release of 1 million barrels of oil per day for the next six months from the US Strategic Petroleum Reserve, as part of the administration’s efforts to lower gasoline prices, during remarks in the Eisenhower Executive Office Building’s South Court Auditorium at the White House in Washington, United States, … Read more

Prosecutors consider Hunter Biden’s $142,000 Fisker sports car purchase

Prosecutors leading the Hunter Biden tax probe are investigating his purchase of a $142,000 plug-in hybrid sports car whose manufacturer defaulted on a massive Obama administration loan touted by his father, according to a report released on Monday. Some of the testimony presented to a Delaware grand jury also appears aimed at preventing the first … Read more

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