WASHINGTON — Automakers want U.S. Sen. Joe Manchin to revisit his proposal to restructure the $7,500 electric vehicle tax credit, raising fears it could be largely unworkable because of new sourcing requirements for battery components and critical minerals. Manchin on Tuesday expressed little interest in revising his proposal. “Tell (automakers) to get aggressive and make
Car dealerships have been mom and pop businesses for much of their existence. But the industry is slowly consolidating. Six publicly traded dealership groups — AutoNation, Lithia Motors, Group 1 Automotive, Sonic Automotive, Penske, and Asbury Automotive Group — have been on a shopping spree in recent years, buying up a small but growing share of
Looking to buy an electric vehicle right now? So is everyone else, apparently. In-stock dealer inventories of EVs are sparse at best, if not completely decimated, despite a lofty average transaction price north of $66,000. But don’t lose hope – there are relative bargains that price below $66,000, sell at close to MSRP, and are
MILAN — Ferrari raised its forecasts for full-year revenue and profit after its order book hit new highs, as Portofino M and F8 models drove sales. “The quality of the first six months and the robustness of our business allows us to revise upward the 2022 guidance on all metrics,” Ferrari CEO Benedetto Vigna said
8:02 AM ET Associated Press Stewart-Haas Racing restructured its leadership department of the NASCAR team to replace president Brett Frood, who was announced as commissioner of the National Lacrosse League on Tuesday. Frood has been with SHR since Tony Stewart became co-owner of the organization in 2009. He’ll still be an an executive advisor to
Running from the police is never a good idea and that’s especially true if you’re not exactly speed racer behind the wheel. However, that didn’t stop this genius from attempting to try their luck. While the short clip uploaded to Reddit doesn’t provide much context, it shows police in pursuit of a Honda CR-V. As
WASHINGTON — Stellantis’ U.S. unit, the former Fiat Chrysler Automobiles, was sentenced Monday after pleading guilty in June to criminal conspiracy and will pay nearly $300 million to resolve a multi-year U.S. Justice Department diesel-emissions fraud probe. FCA US LLC, formerly Chrysler Group LLC, previously struck a plea agreement with the Justice Department and agreed
In this article RMO NKLA Nikola Motor Company Two truck Source: Nikola Motor Company Electric heavy truck maker Nikola said Monday that it struck a $144 million deal to acquire battery pack supplier Romeo Power, giving the company control over a key part of its supply chain. The all-stock transaction values Romeo at 74 cents
Bentley on Monday unveiled a one-off Continental GT Speed convertible for the SagerStrong Foundation, founded by the late sportscaster Craig Sager and his wife Stacy to fund blood cancer research. Slated to be auctioned off early next year to benefit that research, the convertible wears an eye-catching color scheme inspired by Sager’s colorful wardrobe. The
Tesla has so far had only one supplier for its Giga presses, Italy’s IDRA, but according to information from China, starting next year it will switch to a new manufacturer. Take this with a grain of salt for now as it is only a rumor, and even if true, it doesn’t necessarily mean IDRA will
PARIS — Plastic Omnium will buy Hella’s 33 percent stake in the HBPO joint venture, which makes front-end modules, for 290 million euros ($295 million), the two companies have said. The move will give Plastic Omnium full ownership of the joint venture, which was established in 2004 with a third partner, Behr (later a part
Jul 29, 2022 Associated Press INDIANAPOLIS — Josef Newgarden kept the focus simple all week. He ignored the cellphone, avoided social media and spent 48 hours resting, hopeful it would help him recover from the head injury he suffered last weekend and stay in the IndyCar championship hunt. Now all he needs is another strong
What kind of vehicle is the 2023 Cadillac XT5? What does it compare to? With the XT5, Cadillac has a stylish five-seat crossover SUV that competes against the BMW X3 and Mercedes-Benz GLC-Class, among others. Is the 2023 Cadillac XT5 a good SUV? Review continues below While not as fun to drive as its European
A 16-year-old teen driver was arrested following a high-speed collision in Minnesota caused by a stolen Dodge Charger. The car was doing over 140 mph (225 km/h) according to the officer who unsuccessfully tried to stop it by throwing a stop stick prior to the crash. The incident happened on Friday evening in St. Paul,
DETROIT — General Motors is asking dealers to help prevent customers from quickly flipping high-demand vehicles and adding exorbitant markups. The automaker is barring customers who resell certain high-demand vehicles within 12 months from placing future reservations and orders. GM also is limiting the transfer of certain warranties. Steve Carlisle, president of GM North America,
Israeli startup REE Automotive and commercial vehicle builder J.B. Poindexter & Co. launched live demonstrations of their Proxima proof-of-concept electric delivery van last week. It is the first fully drive-by-wire walk-in van, the companies said. The demonstrations are a significant milestone for REE, whose electric chassis and drive-by-wire technology underpin the van. The body was
In this article F 2023 Ford F-150 Raptor R Ford DETROIT — Ford Motor’s stock on Monday added to its best month since the Great Recession in 2009, signaling a significant swing for the Detroit automaker this year. Shares closed Monday at $15.34, up 4.4%. The gains added to the stock increasing by 31.9% in
In day 1 of our Week to Wicked build our Subaru BRZ gets new brakes and suspension, maximizing handling and agility as well as achieving an improved stance. For the full recap here ➡️ http://www.superstreetonline.com/how-to/project-car/120-hours-week-to-wicked-2013-subaru-brz-day-1 #SuperStreet #WeekToWicked #SubaruBRZ