“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, […]
“This is a transformational moment for Aston Martin. It is the result of six months of enormous effort to position the company for success to capture the huge and exciting opportunity ahead of us.” —Lawrence Stroll, Executive Chairman of Aston Martin This week news hit the wire that Mercedes-Benz is taking a 20% stake in […]
Two weeks ago we reported that Bring a Trailer had been purchased by Hearst Autos. In the latest issue of Sports Car Market, we take a deep dive into the recent sale of this iconic and groundbreaking auction asset. The article outlines the details behind the sale of Bring a Trailer as well as our exclusive […]
“I’m very excited to continue to lead Bring a Trailer as we partner with Hearst Autos. We can now keep all of the best parts of the business intact while enhancing our capabilities to address our huge product demand and user traffic growth.” —Randy Nonnenberg, BaT Co-Founder and CEO “Bring a Trailer has set the bar […]
“The United States is facing a shortage of bicycles as anxiety over public transportation and a desire to exercise has sent the demand surging.” —The New York Times “I have never seen anything remotely approaching this. If you went into a store three weeks ago you could find a bike under $1,000. Right now shelves […]
Over the last few trading days markets have experienced a sharp reversal. Anxiety is growing over the spread of the Coronavirus and markets are responding. The spread of the Coronavirus is impacting everything from air travel to car shows. This morning, Bloomberg ran the following story which outlines that the Swiss government is taking steps […]
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 […]
“Uber and Lyft are caught in a perfect storm of China-trade related market choppiness, combined with worries around no profitability in sight, and a valuation knife-fight between the bulls and the bears.” —Daniel Ives, Wedbush Analyst “They just waited too long. There’s nothing exciting about it. I don’t think you could have expected anything different […]
“The fundamental message consumers should be taking today is that it’s financially insane to buy anything other than a Tesla. It’ll be like owning a horse in three years. I mean, fine if you want to own a horse, but you should go into it with that expectation.” —Elon Musk “Tesla is not sustainably profitable […]
“Very disapponted with General Motors and their CEO, Mary Barra, for closing plants in Ohio, Michigan and Maryland. Nothing being closed in Mexico & China. The U.S. saved General Motors, and this ithe THANKS we get!” —Donald Trump, President of the United States “We think it’s appropriate to get in front of it while the […]
This summer the auto industry was shocked to learn of the sudden and premature death of legendary and charismatic Fiat CEO Sergio Marchionne. This week, the auto world is being rocked once again by more high profile upheaval. Newswires are abuzz over the arrest in Japan of auto titan Carlos Ghosn. The Nissan/Renault/Mitsubishi Chairman is […]
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."
