Locator: 49167EVS.
Breaking: Texas Tech (#17) absolutely annihilates Utah (#16). Led by freshman quarterback. Texas Tech makes a statement, 34 - 10.
Updates
October 1, 2025: Ford's monthly sales results, the end of the EV federal subsidies, and Ford's assessment of EVs now. Link here.
September 25, 2025: Honda to end production of Acura EV assembled by GM in US (GM's Spring Hill assembly plant in Spring Hill, Tennessee, about an hour south of Nashville).
September 22, 2025: EVs reality check. Canada. Link here.
September 21, 2025: it's gonna take longer than expected. Link here.
September 21, 2025: BRK / Warren Buffett completely drops out of Chinese EV market -- a Charlie Munger recommendation -- link here.
Original Post
Now back to regular programming:
Two big stories just off the radar scope. Stories dwarfed by all the tech stories coming out of the US. The gap between the US and the EU continues to widen.
Porsche (VW): will scrap planned release of a new range of electric vehicles; link here.
Volkswagen has warned of a €5.1bn hit to its operating profits this year after its sports-car maker Porsche said it would delay the rollout of its electric vehicles and prolong internal combustion engine products.
Europe’s largest carmaker is lowering its annual profit guidance for the second time this year, blaming “a dramatically declining demand” for luxury goods in China and a 15 per cent US tariff on vehicles imported from Europe.
EU vows to deliver 2035 climate target before COP30. Link here. But the story is in the fine print. The EU continues to deindustrialize, does it even matter any more?
- countries couldn't come to solid agreement; to save face, agreed on a "vague statement" of intent in lieu of a new plan mandated by the Paris Agreement
- from the linked article:
The European Union’s leaders will arrive at a global climate summit next week with a vague promise to soon deliver a new emissions-cutting target after ministers struck a face-saving deal Thursday evening.
The United Nations has called on world leaders to present their climate plans for 2035, a requirement under the 2015 Paris Agreement, at a meeting in New York next Wednesday.
But EU governments have struggled to find the consensus required to agree on the plan, known as a nationally determined contribution (NDC) in U.N. jargon. Earlier this week they acknowledged they would miss the end-September deadline for the new targets.
To avoid showing up empty-handed in New York, countries resorted to drafting a “statement of intent.”
Other news:
- Ram cancels all plans to make an electric 1500 pickup; link here.
- carries on with massive V6 plug-in hybrid version instead
- Nissan halves LEAF production before launch;
