A recent report published by Automotive News draws attention to eight automotive brands that are struggling to retain customers. Car shoppers sometimes referred to as “nomads” tend to leave brands, such as Acura, Audi, Dodge, GMC, Mazda, Mercedes-Benz, Ram, and Volkswagen after one purchase more often than other automakers. Meanwhile, Tesla is the taker of rivals’ customers, and it tends to keep them. The
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3:41 PM ET Associated Press DAYTONA BEACH, Fla. — Acura dominated the debut of hybrid engines in North American sports car racing with a 1-2 finish Sunday at the Rolex 24 at Daytona, where Helio Castroneves and the automaker won the prestigious endurance race for a third consecutive year. Castroneves won the Rolex in 2021
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Automotive stalwarts such as BMW, Porsche and German supplier Robert Bosch are betting that e-bicycles will become a lucrative business as consumers look for newer, cheaper and eco-friendly ways to get around. McKinsey & Co. projects that the micromobility market will grow by 9 percent annually to reach a cumulative $260 billion by 2025. Bikes,
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In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT A Tesla showroom is seen in the City Center shopping center on January 17, 2023 in Washington, DC. Anna Moneymaker | Getty Images DETROIT — Tesla vehicles in the U.S. are seeing significant price cuts, and that’s proving to be a double-edged sword for the
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In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Tesla founder Elon Musk attends Offshore Northern Seas 2022 in Stavanger, Norway August 29, 2022. Carina Johansen | NTB | via Reuters Electric vehicle maker Tesla reported earnings after the bell, beating on both earnings and revenue. Shares rose more than 5% after hours after
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