Auto Industry Analyst John Casesa: This Ain't No Party
Much of the rest of Casesa’s summary of the current situation make sense, even if it’s spoken in measured tones out of synch with life during wartime. By the end of the piece, Casesa gazes into his crystal ball and jumps off a cliff. “Gas-electric hybrids and pure electric vehicles will become commercially feasible. And if it is electric — and it increasingly looks that way — the economics of auto-making are probably going to change a great deal. There will be a lot of value in the battery and in charging batteries. Utilities are going to play a big part in the automobile value chain. That could present serious risk to automobile companies, which historically commanded good margins for the value they put in the car. The automobile itself could become a less important part of the total cost of ownership. You could see car companies partnering with electric utilities.” As I’ve said before (in jest), Exxon-Mobil should buy General Motors from petty cash.
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"Kirk Kerkorian’s Ford share sell-off?" KK sold 0.4 % of the 6.5% he held. Still holding 6.1% of Ford is not a sell-off.
Nice way to get a few "Talking Heads" references in. You had me from the title, thanks!