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Taxpayers could hit a dead end with car loan interest deduction
Yahoo Finance· 2026-01-08 21:13
If you think you might qualify for the car loan interest deduction, first dig out the window sticker that was on the new car you bought in 2025 — known as the Monroney label, named for Sen. Almer Stilwell “Mike” Monroney. The Oklahoma Democrat pushed for legislation to give consumers detailed upfront information via window stickers in 1958.You cannot claim the new tax deduction for car loan interest, if the new car you bought in 2025 had its final assembly outside of the United States.Many people cannot ans ...
GM to take additional $6 billion charge to EV business
Yahoo Finance· 2026-01-08 21:09
General Motors (GM) will take an additional $6 billion charge to its EV business, the automaker said in an SEC filing posted after the bell on Thursday. This comes after softer-than-expected demand for EVs and the loss of the federal EV tax credit at the end of Q3 2025. "Our review of EV capacity and investments continued throughout the fourth quarter and, as a result, we expect to record charges of approximately $6 billion in the 3 months ended December 31, 2025, primarily in GMNA[GM North America]," the ...
GM to take $6 billion writedown on EV pullback
Reuters· 2026-01-08 21:06
General Motors said on Thursday it would take a $6 billion charge to unwind some electric-vehicle investments, the latest car company to pull back from EVs in response to the Trump administration's po... ...
G.M. Books a $7.1 Billion Loss as It Scales Back E.V. Ambitions
Nytimes· 2026-01-08 21:05
General Motors said it was writing down the value of battery and electric vehicle factories after changes in federal policy undercut demand. ...
GM to record $7.1 billion in fourth-quarter charges due to EV pullback, China restructuring
CNBC· 2026-01-08 21:04
DETROIT – General Motors said Thursday it will record $7.1 billion in special charges for the fourth quarter of last year related to its pullback in electric vehicles and restructuring efforts in China.The Detroit automaker said in a public filing that the charges include roughly $6 billion related to changes to its EV plans amid weakening demand and $1.1 billion, including $500 million cash, largely related to its previously announced overhaul of a Chinese joint venture.The charges will impact GM's net inc ...
蔚来剑指2026年全年盈利
品牌矩阵的多点开花让盈利结构更显稳健。蔚来品牌全新ES8在2025年12月交付22256辆;乐道品牌平 均车价达26万元,L90以43439辆的年销量成为大型纯电SUV销冠;萤火虫起售价达11.98万元,虽比同 级别竞品价高,但凭借9个安全气囊等硬核配置,仍保持健康毛利水平。"2025年公司全年交付32.6万 辆,同比增长46.9%,且高毛利车型占比持续提升,四季度费用控制成效显著,盈利具备坚实基 础。"李斌补充道。 三品牌协同发力 站在百万辆新起点,蔚来将2026年定为盈利与规模双攻坚之年。"第一阶段100%销量增速是冲劲,现在 40%至50%销量增速是稳劲,更可持续。"李斌向中国证券报记者透露,蔚来计划用18个月左右完成下 一个100万辆目标,而支撑这一目标的是三品牌协同、基建加码和渠道下沉的组合拳。 1月6日,蔚来第100万辆量产车在合肥先进制造新桥二工厂正式下线。"11年磨一剑,这100万是'笨功 夫'的回报!"蔚来创始人、董事长兼CEO李斌用这句直白表述,为品牌里程碑定格。在随后的采访中, 李斌与公司联合创始人、总裁秦力洪向中国证券报记者复盘称,2025年46.9%的销量增速,释放了两大 重磅信号: ...
The Tesla Bear Case That Few Are Talking About
The Motley Fool· 2026-01-08 19:03
Core Viewpoint - Tesla's vehicle business is facing significant challenges, with a notable decline in deliveries and production, raising concerns about the sustainability of its growth and the potential impact of its Robotaxi service on overall profitability [1][2][3]. Group 1: Vehicle Deliveries and Production - Tesla's fourth-quarter deliveries fell nearly 16% year-over-year to approximately 418,000 vehicles, leading to a full-year 2025 delivery estimate of 1.64 million, which is an 8.6% decline year-over-year [1]. - The company's vehicle production also decreased sequentially in Q4, with about 434,000 cars produced, down from approximately 447,000 in Q3 [1]. Group 2: Robotaxi Service and Financial Implications - Investor enthusiasm for Tesla's Robotaxi service is driving its high price-to-earnings ratio, which is nearly 300, despite disappointing delivery figures [3]. - There are concerns that the capital expenditures required for the Robotaxi service may exceed expectations, similar to the situation faced by Meta Platforms, which saw a significant increase in capital expenditures due to AI investments [5][6][9]. - Tesla's CFO projected capital expenditures to rise substantially in 2026, indicating a shift towards more capital-intensive operations [9][10]. Group 3: Competitive Landscape - The autonomous ride-sharing market is becoming increasingly competitive, with major players like Alphabet and Amazon already in the space, alongside electric vehicle companies such as Rivian, Lucid, and BYD [11]. - Price sensitivity is expected to dominate the taxi service market, making it challenging for companies to differentiate themselves beyond pricing [12]. Group 4: Potential Outcomes - The combination of high capital intensity and the potential commoditization of ride-sharing services could lead to a scenario where the costs associated with the Robotaxi service exceed its revenue [13]. - Conversely, if Tesla can leverage its existing vehicle hardware for rapid deployment of the Robotaxi service, it may achieve a first-mover advantage and potentially license its technology to other manufacturers, creating a lucrative revenue stream [14][15].
GM's stock gets an almost ‘silly' upgrade. Why this analyst is now bullish on its prospects.
MarketWatch· 2026-01-08 18:30
Shares of Ford and GM have logged nice gains in the past year, and Piper Sandler says that capitulations on EVs bode well for their performance going forward. ...
Qualcomm to provide infotainment tech for new Volkswagen platform
Reuters· 2026-01-08 17:02
Volkswagen plans a long-term supply deal with U.S. chip designer Qualcomm to deliver infotainment technology for the German carmaker's new software platform. ...
Chinese Carmaker Geely Looks at Expanding in the U.S.
WSJ· 2026-01-08 17:00
The automaker, which expects to make an announcement within 24 to 36 months, could make the first major moves selling Chinese brands in the U.S. ...