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AUTOMOTIVE
Teton Motors Eases Employee Housing Aches
For the last 20 years, a Wyoming Dealership Group has offered employees housing 40 to 60% below current market rates. The group allows employees to rent monthly and offers apartments from studio to three bedrooms.
Close to home. The company's title clerk and receptionist, Marilyn Garcia, praises the decision for the financial aspect and points out the time saved on commuting. She says she once drove 45 minutes, but now she walks a block and a half from the three-bedroom apartment she and her children make their lives into work.
As you may expect the program has aided in employee retention. Dave Auge, Teton Motors president called it a win-win.
Telling it like it is — Investing in your people can take the form of many processes, but the product will always be people who invest in your business.
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AUTOMOTIVE
LYRIQ EV Sells Out In Four Hours
GM's plans for EV market conquest are off to a good start. Preorders of their Cadillac LYRIQ sold out in just 4 hours. The sell-out announcement did not verify the number of 2023 models sold, but an earlier report set the production number at 25K.
Telling it like it is — Recent history shows orders do not equal production, and production does not equal delivered customer satisfaction. We believe in GM, but we don't count chickens before they hatch. 🐣
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AUTOMOTIVE
Snapshot: China, The World's Largest Auto Market.
China accounts for over 18% of the world's population. The country represents around 31% of global auto sales and produces an increasing amount of auto parts and supplies each year. Directly or indirectly, events in the Chinese automotive or manufacturing industries ripple out into the rest of the world.
🏆 😮GM, VW, and other foreign OEMs have dominated the Chinese market since the 90s, but Chinese EV companies are winning buyers. Tesla, which tops most of the world's EV sales, is second to Chinese conglomerate SAIC Motor in the country. Experts predict a hard fight in the market for legacy OEMs introducing EVs.
🤑 🚫Germany's Economy Ministry denied VW's request for guarantees to cover Chinese investments due to human rights violations in the Xinjiang region. A VW spokesperson confirmed it did submit an investment guarantee application for Chinese investments, but not for the Xinjiang plant. The region in question has been under scrutiny for years due to claims of mistreatment of the Uyghurs, a minority religious group.
⚔ 🏭Toyota cut global production plans for June for the second time this week due to an ongoing covid-19 lockdown in China. The company removed 100K early last week and another 50K Friday. The company says the work stoppage in Shanghai could drop their full-year production plan of 9.7M vehicles.
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CLUBHOUSE
Wed. @ 10a EST Pitch Tank by Auto Genius
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WHAT THE KIDS ARE INTO
Elden Ring Hangover
Fans of Elden Ring, the latest game by the studio From Software, share a feeling that "Other games are ruined now." People on Reddit, blogs, and other social sites claim they do not enjoy other games after beating the grueling dark fantasy epic. Many have finished it multiple times in the two months since the game was released. Some players find speed runs that take a player from start to end credits in 30 minutes. Other people find more difficult ways to finish the game, such as fighting the game's many challenging bosses wearing only tattered tighty whities armed with nothing but a stick.
What they aren’t saying— The game also gives you a ghost horse that does parkour so who wouldn’t get a little hooked?
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QUICK HITS
- AI-engineered enzyme eats entire plastic containers
- China and Australia battling for lithium in the Congo
- Samsung reportedly cutting smartphone production by 30M
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