“From April 1 to May 21, Minnesota State Patrol ticketed 232 drivers for going more than 100 mph. By the end of the year, troopers had issued more than 1,000 citations for going that fast—around double the number from the previous year. The top speed in the state, recorded on a citation written in October, […]
“California Dreamin’ is becoming a reality….” —John Phillips, The Mamas and the Papas The New York Times reported today that the state of California will ban the sale of gasoline-powered cars by 2035—a short fifteen years from now. At Turtle Garage, we question the growing assumption that electric drive is the long-term solution. Back in […]
“Price is what you pay; value is what you get.” —Ben Graham “Every decade or so, dark clouds will fill the economic skies, and they will briefly rain gold.” —Warren Buffett The world has been turned upside down by the Covid19 pandemic and the financial markets do not seem to care. The stock market is […]
As 2019 comes to a close, we are reflecting on the loss of four automotive titans. Lee Iacocca, Ferdinand Piëch, Niki Lauda, and Paul Ingrassia. Lee Iacocca needs no introduction. He brought us the Mustang and saved Chrysler. Ferdinand Piëch was the grandson of Ferdinand Porsche and presided over the revival of Audi and later ran the […]
From Lewis Hamilton to the GM Strike to the release of Ford v Ferrari, the last few weeks have brought a flurry of headlines within the automotive world. We thought a short curated summary with links to major articles would be a great way for Turtle Garage subscribers to start the week and get caught […]
“The one word that makes a good manager—decisiveness” —Lee Iacocca “I guess I invented extended warranties because that’s all we had to sell at Chrysler in those days.” —Lee Iacocca Auto legend Lee Iacocca is dead at 94. For decades, Iacocca was a titan of the auto industry, holding top leadership positions at Ford and […]
For decades, we have followed with awe the legendary career of Bob Lutz. While Bob can be controversial, he is pretty much the undisputed “King of Car Guys.” Recently, on the pages of Turtle Garage, we covered his comments on the death of the automobile as we know it. His long career spans senior leadership […]
“The premium business model as we have seen it, of model proliferation and people paying more because of the social status of those cars, is probably reaching a peak.” —Philippe Houchois, Analyst, Jefferies Group Premium auto sales are stumbling. Is this just a bump in the road or the canary in the coal mine? BMW reported […]
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."
