BLOG: Philip Nussel

Musk's $481 million paper loss in Detroit

Posted 12:10 pm U.S. ET, Jan. 16
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Elon Musk's stake in Tesla is worth $6.7 billion at today's market price. (GLENN TRIEST)
DETROIT -- I warned him. During a chance encounter on Tuesday with Tesla’s Elon Musk before his appearance at the 2015 Automotive News World Congress, I jokingly told him we were going to put a stock ticker on the screen behind him, “so be careful what you say.” He chuckled and, in his trademark accent, said he should probably say something sort of outr ...
     Continue reading "Musk's $481 million paper loss in Detroit" » Jan 16, 2015 12:10 pm U.S. ET
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Automakers can stop supplier price-fixing now, but will they?

Posted 12:01 am U.S. ET, Nov. 22
The U.S. Department of Justice has assessed $2.4 billion in fines on 32 auto parts suppliers and charged 46 individuals -- nearly all of them Japanese -- in the largest antitrust prosecution in U.S. history. That’s just in the United States. The practice is a global epidemic that stifles fair competition, inflates the cost of components for automakers, erodes invest ...
     Continue reading "Automakers can stop supplier price-fixing now, but will they?" » Nov 22, 2014 12:01 am U.S. ET
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How smaller states can challenge Texas in the pickup wars

Posted 12:09 pm U.S. ET, June 25
WHITE SULPHUR SPRINGS, W.Va. -- When it comes to selling pickups in the United States, the obvious centerpiece market is Texas. Last year, 322,000 new pickups were registered there -- or 15 percent of all 2.1 million pickups sold nationwide, according to IHS Automotive data. Texas, in terms of sales volume and marketing panache, dwarfs all others. But in the profitable, ...
     Continue reading "How smaller states can challenge Texas in the pickup wars" » Jun 25, 2014 12:09 pm U.S. ET
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A mixed message about GM's PR -- but why?

Posted 3:44 pm U.S. ET, April 15
If a company changes its head of public relations in the midst of a public relations crisis that stems from a recall crisis, does that not send a certain message? Yes, unless the company is General Motors. On Monday, GM parted ways with Selim Bingol, its head of public relations -- but, for whatever reason, said it was not related to the company’s festering public ...
     Continue reading "A mixed message about GM's PR -- but why?" » Apr 15, 2014 3:44 pm U.S. ET
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Why the UAW appeal at VW is a slippery slope

Posted 3:23 pm U.S. ET, April 9
The UAW better be careful what it wishes for. If the union convinces President Barack Obama’s National Labor Relations Board that it’s an unfair labor practice for political leaders to be publicly involved in an organizing effort, then organized labor risks diluting the power of its best weapon: public pressure. The UAW clearly has a case in contesting its lo ...
     Continue reading "Why the UAW appeal at VW is a slippery slope" » Apr 9, 2014 3:23 pm U.S. ET
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