Hertz Sells 20,000 Electric Cars After Being Burned by Tesla’s Price Cuts

The rental car company Hertz will be selling about one-third of the electric vehicles in its fleet after they lost value more quickly than expected, the company said on Thursday. The drop in value is a blow to the company’s efforts to replace gasoline vehicles with cars that do not produce tailpipe emissions. The electric… Continue reading Hertz Sells 20,000 Electric Cars After Being Burned by Tesla’s Price Cuts

Tesla Sales Rebound After Steep Price Cuts

Tesla sales jumped during the last three months of 2023 after the carmaker slashed prices and customers rushed to take advantage of tax breaks on electric vehicles — provisions that will be harder to come by in 2024. The company said on Tuesday that it sold 484,500 cars in the fourth quarter, up from 435,000… Continue reading Tesla Sales Rebound After Steep Price Cuts

Auto Sales Are Expected to Slow After a Strong 2023

After enjoying a strong rebound in sales in 2023, the auto industry appears headed for slower growth this year as consumers struggle with elevated interest rates and high prices for new cars and light trucks. Edmunds, a market researcher, expects the industry to sell 15.7 million vehicles this year. That would amount to a modest… Continue reading Auto Sales Are Expected to Slow After a Strong 2023

Tesla Sales Rebound After Steep Price Cuts

Tesla sales jumped during the last three months of 2023 after the carmaker slashed prices and customers rushed to take advantage of tax breaks on electric vehicles — provisions that will be harder to come by in 2024. The company said on Tuesday that it sold 484,500 cars in the fourth quarter, up from 435,000… Continue reading Tesla Sales Rebound After Steep Price Cuts

Cale Yarborough, Hall of Fame NASCAR Driver, Dies at 84

Cale Yarborough, who won three consecutive NASCAR Winston Cup Series championships and whose 83 victories tied him for sixth place on the winners’ list, died on Sunday. He was 84. He had been battling a rare genetic disorder, his family told The Associated Press. At the peak of his success, Yarborough won nine races in… Continue reading Cale Yarborough, Hall of Fame NASCAR Driver, Dies at 84

In This Mexican Neighborhood, Locals Say ¡Viva el Beetle!

Rusted and stripped of their right seat, the cars parked in queues rounding street corners serve as the unofficial taxi in the hillside neighborhoods in Cuautepec in Mexico’s capital. The curvy symbol of the 1960s hippie era is admired — even decorated and named — by residents who say the car represents their resilience and… Continue reading In This Mexican Neighborhood, Locals Say ¡Viva el Beetle!

Tesla Strike in Sweden Highlights a Culture Clash

The Tesla technicians who walked off their jobs in Sweden say they still support the mission of the American company and its headline-grabbing chief executive. But they also want Tesla to accept the Swedish way of doing business. They call it the Swedish Model, a way of life that has defined the country’s economy for… Continue reading Tesla Strike in Sweden Highlights a Culture Clash

Paula Murphy, Once ‘the Fastest Woman on Wheels,’ Dies at 95

Paula Murphy, a leading female car racer in an era when land speed records thrilled the American public, died on Thursday at an assisted living facility in Prescott, Ariz. She was 95. Her death was confirmed by her son, Dan Murphy, who said her health had declined after she broke her femur in May. Ms.… Continue reading Paula Murphy, Once ‘the Fastest Woman on Wheels,’ Dies at 95

Slow Rollout of Electric Vehicle Charging Network Could Hinder E.V. Adoption

More than two years ago, lawmakers approved billions of dollars to build out a national electric vehicle charging network in the hopes of encouraging more drivers to switch to cleaner cars. The money, included in the bipartisan infrastructure law, was intended to help assure drivers they could reliably travel longer distances without running out of… Continue reading Slow Rollout of Electric Vehicle Charging Network Could Hinder E.V. Adoption