The Latest Breaking News from Scion

When you think of reliable cars, you probably picture models that stick around for decades, earning loyal fans and racking up impressive mileage. But sometimes, even the most dependable vehicles vanish from the market, leaving drivers scratching their heads. Why do reliable cars disappear, and what can we learn from…

Scion Asset Management CEO Michael Burry sold his entire portfolio in Q1 but doubled down on a beauty giant. He also placed massive put on China tech stocks.

Quick history lesson. Ill-fated car brand Scion sold the xD in North America for about six years before being discontinued in the second half of the 2010s. It was a subcompact crossover that was little more than a rebadged Toyota Ist. The Ist was also sold in Europe as the…

Burry reduced Scion Asset Management's portfolio size by almost half in Q2 to just over $50 million as part of a reshuffling that involves investments in healthcare and China's tech firms.

But it never made it to production.

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It's a shame none of these concepts made it to auto shows when they were new.

Burry isn't the only one hinting the market might be headed for a correction.