“Our own model does not incorporate a capital raise, but our lowered estimates newly show the company with less than $1 billion at the end of the third quarter, which the company has previously defined as its minimum comfort level, suggesting to us an increased—not decreased—likelihood of a capital raise,” —Ryan Brinkmann, JP Morgan analyst […]
Two unrelated events could prove to have a profound impact on Daimler-Benz and the capital city of the German automobile—Stuttgart. Li Khufu, the billionaire owner of China-based Geely automotive, has recently taken a 10% stake in Daimler. The potential impact of such a large Chinese investor in Mercedes-Benz could be significant in the years ahead. The […]
Bloomberg is on the vanguard of accurate and thoughtful reporting on the emerging and powerful trends of self-driving cars. In this recent article, Jess Shankleman succinctly points out why this autonomous automotive revolution is going to happen way faster than the markets (or the public) thinks. The coming transformation will claim victims from airlines to bicycles […]
“It saddens me to say it, but the auto industry is on an accelerating change curve. We are approaching the end of the automotive era. For hundreds of years, the horse was the prime mover of humans and for the past 120 years, it has been the automobile. Now we are approaching the end of […]
2017 has been a blockbuster year of groundbreaking news within the automotive industry. Specifically, new developments in autonomous technologies and electric propulsion have radically changed the automotive landscape. It’s becoming clear that the pace of change is up-shifting far faster than most industry analysts and experts initially modeled. From Intel buying Mobileye to Volvo announcing […]
Mercedes-Benz announced Monday that it will offer electric versions of all its models by 2022—a scant five years from now. This comes on the heels of Volvo’s shocking July announcement that it will only offer hybrid and all-electric models by 2019. Without a doubt, the electric car arms race is heating up faster and with […]
An article written by Turtle Garage is being published in the October issue of Sports Car Market. The subject is the auction result of a 1988 BMW E24 M6 at Bonham’s during the Greenwich Concours in June. The M6 in question was a B/B+ example with 75,000 miles and no documentation. The hammer fell at […]
Turtle Garage will be displaying eight motorcycles at the 35th annual Lime Rock Park Historic Festival on Sunday, September 3rd. The Historic Festival is a four-day event dedicated to vintage racing and collector cars. The show on Sunday takes place on the storied racetrack at Lime Rock Park in Lakeville, Connecticut. “Historic Festival 35 is […]
“We can’t carry on with diesel and petrol cars.” —U.K. Environment Secretary Michael Gove Earlier this week Bloomberg reported that the U.K. will join France by putting an outright ban on the use of fossil fuel cars by 2040. Plug-in electric cars currently make up only one percent of U.K passenger vehicle sales. U.K. regulators […]
In an effort to prosecute those involved in the recent “Dieselgate” emissions scandal, U.S. Federal Investigators are aggressively going after lower-level executives of Audi and VW. Because Germany does not have extradition laws, it has proven difficult for the U.S. Department of Justice to bring cases against German senior executives. The accusations are serious and […]
“Volvo’s unique advantage is that its two home markets — Sweden and China — are among the countries with the most generous government incentives, even though both have cut them slightly in recent months.” —Leonid Bershidsky Over the next ten years, the automobile industry will face profound changes. These changes will have a massive ripple […]
Philip Richter is President and co-founder of New-York-City-based Hollow Brook Wealth Management, LLC. The Turtle Garage Blog, he says, is dedicated to his "love of excessive personal transportation."
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