Tesla said the currently weakening market for electric cars is presenting the company with challenges.
Source: autonews.com
U.S. loosens battery rules, potentially making more cars eligible for EV tax credits
DETROIT — The U.S. government has loosened some rules governing electric vehicle tax credits a bit, potentially making more EVs eligible for credits of up to $7,500. The Treasury Department announced final regulations for the credits under the 2022 Inflation Reduction Act on Friday, giving automakers more time to comply with some provisions about where battery minerals can come from. The credits … [Read More...]
2024 Acura ZDX born from ‘good collaboration' with General Motors, chief engineer says
Acura worked closely with General Motors to ensure that the co-developed ZDX midsize crossover hit the import brand's performance goals. Source: autonews.com … [Read More...]
Kia EV9 GT expected to launch in January
During its CEO Investor Day last month, Kia said it would start releasing GT variants of its dedicated EVs. Source: autonews.com … [Read More...]
Top 5 stories of the week: Asbury looks to sell dealerships; UAW threatens Stellantis stamping plant
A quick look at the top automotive stories of the week as determined by reader interest. Source: autonews.com … [Read More...]
Jeep Gladiator 4xe Coming Next Year with Wrangler's Plug-In Powertrain
Jeep's CEO Antonio Filosa confirmed that a plug-in-hybrid Gladiator 4xe is arriving next year.The Gladiator 4xe should use the same powertrain as the Wrangler 4xe, which pairs a turbo inline-four with an electric motor for 375 horsepower.More details on the Gladiator 4xe should come later this year.Hybrids once held a reputation as odd-looking experiments driven only by the most rabid … [Read More...]
Book Your Next Airbnb Stay at the Ferrari Museum
On May 1, Airbnb launched a new "Icons" series that will allow guests to stay at nearly a dozen special locations around the world. Locations include Prince's Purple Rain house in Minneapolis and Marvel's X-Mansion from the X-Men franchise in Westchester, New York. The one that caught our eye, however, was the Ferrari Museum in Maranello, Italy.Just visiting the Ferrari Museum is a special moment … [Read More...]
U-Save Signs On Franchisee at Houston Airport
The independent car rental company finalized the agreement during the International Car Rental Show last month. Source: autorentalnews.com … [Read More...]
BMW rules out a pickup, but it's open to launching a more rugged SUV
BMW has orbited around the pickup segment several times over the past few years without landing in it. In 2016, right after Mercedes-Benz badge-engineered a Nissan Navara into the short-lived X-Class, one of the Munich-based company's executives confirmed his team was "watching the [pickup] space closely." In 2019, an X7-based pickup concept made its debut to haul motorcycles. The final call is … [Read More...]
7 surprising takeaways from the Beijing auto show
The Chinese market is rapidly evolving, but it's not clear what it will end up looking like. Source: autonews.com … [Read More...]
Rivian taps Volvo executive as COO ahead of new-model launch
Rivian Automotive Inc. hired Javier Varela as its new chief operations officer to help the electric-vehicle maker scale output as it prepares to roll out a lower-cost model geared for the mass market. Source: autonews.com … [Read More...]