David Welch

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Why Buying A Car Is More Expensive Than Ever

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Pent-up demand left over from the pandemic is keeping sticker prices high.

New Cars Are Only For The Rich Now As Automakers Rake In Profits

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With pandemic-era chip shortages fading, manufacturers are keeping inventories low, and prices high.

Families Live In Fear As Long-Haul Covid Afflicts More Children

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A relatively small but increasing percentage of children are struggling for months with Covid-related symptoms.

Covid Once Spared The Young. Now More Are Going To The Hospital

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The new Covid-19 variants are more contagious and hit young people harder than the original virus.

Biden's Green Push Gives Detroit Cover To Go Electric

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Some see GM’s about-face on the politics of clean cars as a recognition of longer-term global forces at work.

GM Working On Expanding Corvette Line With Crossover SUV

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The automaker is working on a strategy to build at least one new electric vehicle inspired by its Corvette sports car.

O.J., Accounting Fraud, Icahn: The Story Of Hertz Going Bust

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It’s a tale of lurching from one CEO to another and management teams failing to stay attuned to consumer tastes.

GM Suspends Dividend, Buybacks In Pivot To Cash Preservation

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It may take some time for GM to refocus on returning cash to shareholders.

Carmakers Shed 80,000 Jobs As Electric Shift Upends Industry

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The industry is sputtering as trade tensions and tariffs raise costs and stifle investment.

Trump Slams GM As U.S. Workforce Shrinks To Detroit’s Smallest Automaker

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By calling attention to GM’s decline, Trump has added to the pressure the company will be under at the bargaining table later this year.

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