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David Welch

New York

Bureau Chief at Bloomberg News

David Welch covers all things auto for Bloomberg. Green-hooped, sword-fighting piper. Whisk(e)y enthusiast. Opinions are my own.

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Articles

  • Hertz Posts Worse-Than-Expected Loss After Shrinking Fleet

    2 days ago | bloomberg.com | David Welch

    Hertz shrank the size of its fleet and had fewer cars to rent as it contends with President Donald Trump’s trade war. (Bloomberg) -- Hertz Global Holdings Inc. posted a larger-than-expected loss in the first quarter after the rental company shrank its fleet of cars and some customers slowed bookings. Revenue fell 13% in the period, contributing to an adjusted loss of $1.12 per share, the company said in a statement Monday.

  • GM Hires Past Tesla Autopilot Developer Anderson to Top Post

    2 days ago | bloomberg.com | David Welch

    The logo for General Motors Co. at the company's China headquarters in Shanghai, China, on Friday, Dec. 6, 2024. General Motors Co. will incur more than $5 billion in charges and writedowns tied to its troubled operations in China as the automaker tries to salvage its once-profitable business in the world’s largest car market.

  • Carvana Sees Stronger Profit on Used-Car and Loan Sales (2)

    1 week ago | news.bloombergtax.com | David Welch

    Online used-car retailer Carvana Co. doubled its profits in the first quarter with record vehicle volume and a substantial gain in loan sales. Carvana reported a 46% increase in vehicle sales as consumers went on a buying spree of new and used cars to avoid higher costs due to President Donald Trump’s tariffs.

  • Carvana Sees Stronger Profit on Used-Car and Loan Sales

    1 week ago | bloomberg.com | David Welch

    A Carvana vending machine in Gaithersburg, Maryland. (Bloomberg) -- Online used-car retailer Carvana Co. doubled its profits in the first quarter with record vehicle volume and a substantial gain in loan sales. Carvana reported a 46% increase in vehicle sales as consumers went on a buying spree of new and used cars to avoid higher costs due to President Donald Trump’s tariffs.

  • Trump’s Auto Tariffs Unlikely to Add Union Jobs in Detroit

    1 week ago | bloomberg.com | David Welch

    Consider the example of Hyundai in the US. Plus: Small American towns are hurting from Canadians’ boycott. One of the big goals of the US’s trade war, to hear Donald Trump tell it, is to bring back manufacturing jobs. If tariffs on cars from abroad have the desired effect of opening more factories in the US, it might not be a big win for unions like the United Auto Workers. Detroit bureau chief David Welch explains.

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David Welch
David Welch @DavidWelch47
14 Oct 24

Robopuppet? Tesla's Optimus could walk and talk but got a little help from human friends. #TeslaCybercab #teslarobot

Ed Ludlow
Ed Ludlow @EdLudlow

Tesla did use tele-op to remotely control some of what Optimus did last week. Largely it related to interactions with guests. In other cases, Optimus did act autonomously. Here's the report by me and @DavidWelch47 The reporting doesn't rely on X posts or the analysts notes

David Welch
David Welch @DavidWelch47
18 Sep 24

Check out my latest article: GM Joins Tesla's Charging Network https://t.co/eZCyAhloI8 via @LinkedIn

David Welch
David Welch @DavidWelch47
24 Jul 24

Will Gretchen Whitmer join Kamala Harris on the ticket? Signs point to no, for now. https://t.co/bH0jAAKzZk #KamalaHarris2024 #Election2024