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Stock impact report

L.A. Auto Show: Automakers are revving up electric SUVs to solve a sales problem [Los Angeles Times (CA)]

TrueCar, Inc. (TRUE) 
Last truecar, inc. earnings: 2/20 04:03 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.true.com/investor-relations
Automakers have a sales challenge: How can they persuade U.S. car buyers, addicted to gas-guzzling SUVs, to start buying electric vehicles in quantity? Their solution is on display at this year’s Los Angeles Auto Show, which opens to the public today: Build battery electric SUVs. Despite rollbacks in U.S. emissions requirements and the presence of global climate change deniers in the current U.S. administration, a growing number of the world’s carmakers will arrive at the 10-day automotive marathon sporting SUVS and smaller crossover utility vehicles, or CUVs, that are either pure battery electric vehicles (BEVs) or plug-in hybrids (PHEVs). This is no anomaly, and isn’t a matter of carmakers building “compliance cars” to satisfy emissions standards. These are production cars, in starkly increasing numbers. Next year, they’ll be bringing far more of them. “It’s been a dribble, or a trickle, but now it’s turning into a flood,” said Eric Lyman, an analyst for the automotive information a Show less Read more
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