(Reuters) – Nissan is in advanced talks to invest in electric vehicle maker Fisker in a deal that could provide the Japanese automaker with access to an electric pickup truck while giving the struggling startup a financial lifeline, according to two people familiar with the negotiations. The deal could close this month, said the sources, who asked not to be identified because the talks are ongoing … [Read more...]
The politics and economics behind Biden’s China-car espionage probe
WASHINGTON, (Reuters) – President Joe Biden, vowing to “do right by U.S. auto workers,” launched an investigation this week into whether Chinese-made vehicles could be used to spy on Americans, a far-off threat given the few such cars on U.S. roads now. The White House announced the probe Thursday citing national-security risks about “connected” cars creating “new avenues for espionage and … [Read more...]
Highlights from the latest 'Daily Drive' podcasts, Feb. 24-29
Here are highlights from the latest episodes of 'Daily Drive', Automotive News' weekday podcast, Feb. 24-29, hosted by Jamie Butters with Kellen Walker. Source: autonews.com … [Read more...]
Cybertruck Foundation Series Invites Continue – High-Dollar Demand a Positive Sign?
Join us... Tesla is showing no signs of slowing down the hype train for its unconventional electric pickup truck, the Cybertruck. Following the initial batch of invitations sent out in January, another wave has reached potential customers, keeping the excitement alive for the Foundation Series. While the exact number of takers for this limited-edition, $100,000 truck remains … [Read more...]
Ola S1 Pro, S1 Air & S1 X+ to be offered with discounts till March end
By: HT Auto Desk | Updated on: 02 Mar 2024, 10:50 AM Share via: Ola Electric currently has six electric scooters in its lineup. Scooters from Ola Electric continue to get a price cut. Ola Electric has been offering some kind of offer or benefit since the start of 2024. Now, the electric two-wheeler brand has announced that they will be extending the price … [Read more...]
Jaguar assembly lines to go dormant ahead of EV shift
The rollout plan for Jaguar's lineup looks like this: An electric GT will debut late this year with sales starting in 2025. Late next year, the second new Jaguar will arrive, followed by the third model in 2026. Source: autonews.com … [Read more...]
Why creating software-defined vehicles is ‘costly, painful and intense'
Automakers are struggling to create a smartphone on wheels because it requires a complete rethink of vehicle development, new supplier relationships and an overhaul of corporate culture. Source: autonews.com … [Read more...]
Ford hosting solar eclipse watch party for Bronco owners
Ford is selling a $1,995 two-night camping experience and $595 day passes for the April 8 solar eclipse. It also plans to unveil a Bronco Raptor Blackout package. Source: autonews.com … [Read more...]
Answer to future lies in pre-COVID earnings
It has been a hell of a ride! 2020 through 2022 represents times and profits that car dealers will never see again. The future is always unpredictable. However, in the instance of automotive dealerships, maybe not. Source: autonews.com … [Read more...]
Jaguar assembly lines go dormant in June, but stockpile to keep dealers supplied until next year
JLR is planning a tightly managed transition from the current lineup to a new one that aims to keep Jaguar dealers from running out of new vehicles. Source: autonews.com … [Read more...]
Column: Protectionism can work for automakers — within limits
Low-cost Chinese EVs are a threat, but the best solution is better cars. Source: autonews.com … [Read more...]
Leasing drop-off means longer road to chock-full used market of yore
Fewer vehicle lease maturities are expected in the second half of 2024 as the industry reaches the three-year anniversary of the supply chain and inventory crises. Source: autonews.com … [Read more...]
Tesla eats humble pie after bailing on bakery
After backing out of an order for thousands of pies, Tesla covered a Silicon Valley bakery's losses after news about the situation reached CEO Elon Musk. Source: autonews.com … [Read more...]
Improving AI data management is crucial
For the past few years, the automotive industry has invested heavily in autonomous vehicle product development. Even so, the rollout has been challenging and has not lived up to consumer expectations. Source: autonews.com … [Read more...]
Editorial: Lithia's strategic pivot on M&A implies price ceiling on car dealership buy-sells
The statement from the largest public dealership group is a warning that prices are becoming too high for deals to get done. Source: autonews.com … [Read more...]
Know these Honda fun facts from its overhauled motor museum
Honda reopens its sprawling motor museum after a three-month makeover to tell the story of the Japanese carmaker's fascinating and sometime tumultuous past while paving a way into the future. Source: autonews.com … [Read more...]
Ola Electric registers 35,000 units in February, captures 42% market share
By: HT Auto Desk | Updated on: 02 Mar 2024, 09:37 AM Share via: Ola Electric currently has six electric scooters in its lineup. The Ola S1 X+ gets a 3 kWh battery pack promising a range of 151 km on a single charge Ola Electric has announced that they have registered 35,000 units in February 2023. The company clocked its highest-ever monthly registrations … [Read more...]
2024 Hyundai Creta bookings surpass 75,000, two-thirds of sales now from SUVs
Share via: The waiting period for Hyundai Creta facelift, launched in January, ranges between eight weeks and 20 weeks, depending on the variant. The 2024 Hyundai Creta features styling updates on the outside, feature additions in the cabin and a turbo-charged 1.5-litre petrol motor. Hyundai Creta is the power player in India's mid-size SUV space and the latest … [Read more...]
Ford’s Maverick Continues To Win Accolades; Other Ford Products Also Win
Join us... Maverick Continues Its Winning Streak If you have been following Torque News lately, you probably have noticed lots of good news for The Blue Oval’s entry in the compact portion of its pickup range. The vehicle is the Maverick, which has received great reviews from Consumer Reports. Related story: Consumer Reports Honors Ford Maverick Again For example, a … [Read more...]
2024 Jeep Wrangler, Gladiator Special Editions Tout Beach Vibes
The 2024 Jeep Wrangler and its pickup-truck counterpart, the Gladiator, will be available as limited-production Beach editions.Jeep will sell 500 copies of the beach-inspired Wrangler 4xe that starts at $62,290; only 250 Gladiator Beach models will be sold at $52,390.Both Jeep Beach editions are only available to order in certain southeastern states such as Florida.Jeeps are always talked about … [Read more...]
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