Even as inflation has eased, car insurance rates are rising by double digits. But drivers have some options for reining in premiums. According to the Bureau of Labor Statistics, auto insurance costs were 19.5 percent higher in June than a year earlier. Insurers blame the higher cost of automobiles, parts and repairs, as well as… Continue reading How to Rein In Rising Auto Insurance Rates
Author: New York Times Online News
Ford Plans More Gas Trucks, Fewer Electric Vehicles
For much of the last five years, automakers have been spending billions of dollars in a frantic race to develop electric vehicles and build factories to produce them, with expectations that consumers would flock to these new models. But in the past 12 months, the growth rate of electric vehicle sales has slowed sharply as… Continue reading Ford Plans More Gas Trucks, Fewer Electric Vehicles
Biden Offers $1.7 Billion to Help Factories Build Electric Vehicles
The federal government will grant car and auto parts factories in eight states $1.7 billion to begin producing electric vehicles and other clean energy technology, the Biden administration announced on Thursday. Among the 11 recipients will be a Jeep factory in Belvidere, Ill., that the brand’s parent company Stellantis closed last year. The money will… Continue reading Biden Offers $1.7 Billion to Help Factories Build Electric Vehicles
Tesla’s Share of U.S. Electric Car Market Falls Below 50%
Tesla’s once-commanding share of the market for electric vehicles in the United States slipped below 50 percent in the second quarter of the year even as sales of battery-powered cars surged to a record, according to new estimates published Tuesday by a research firm. Tesla accounted for 49.7 percent of electric vehicles sales from April… Continue reading Tesla’s Share of U.S. Electric Car Market Falls Below 50%
As the E.V. Revolution Slows, Ferrari Enters the Race
Gliding on robotic haulers, a line of Ferrari frames maneuvers through a gleaming new factory in Northern Italy. At each station, engineers in cherry red uniforms add a component — an engine block, a dashboard, a steering wheel — as they transform the bodies into hybrid vehicles. Up next: fully electric. A lot is riding… Continue reading As the E.V. Revolution Slows, Ferrari Enters the Race
The Art of Making a Classic Car Ready for Its Close-up
Shining his work light into the deepest recesses of a Ferrari F512 M’s engine bay, Tim McNair takes note of minor flaws that will warrant closer attention. There’s an oily smudge on the intake plumbing, chipped paint where red shows through on the black chassis tubing, a damaged sticker on an ignition coil — typical… Continue reading The Art of Making a Classic Car Ready for Its Close-up
For Young Collectors, Grandpa’s Car Is a New Must-Have
Acting on a tip from an acquaintance, Cameron Luther uncovered a butterscotch yellow 1966 Porsche in a garage in Monterey, Calif. It was dusty and up on jack stands with the wheels off. It clearly hadn’t run in a long time. The owner was a retired pilot, who is now 94, who had started a… Continue reading For Young Collectors, Grandpa’s Car Is a New Must-Have
Tesla Sales Down, GM and Toyota Up Slightly in 2nd Quarter
Much of the auto industry, with the notable exception of Tesla, reported modest sales growth in the three months through June as high interest rates, high vehicle prices and uncertainty about the economy weighed on consumers. Sales in late June were also slowed by disruptions at car dealers stemming from a cyberattack on a company… Continue reading Tesla Sales Down, GM and Toyota Up Slightly in 2nd Quarter
Elon Musk’s Politics May Be Pushing Some Buyers Away From Tesla
Few auto executives are as closely identified with the companies they manage as Elon Musk, the chief executive of Tesla, is. And probably none are more prolific in broadcasting their political views on social media. But as Mr. Musk’s public persona has become increasingly right wing, Tesla appears to be paying a price in sales,… Continue reading Elon Musk’s Politics May Be Pushing Some Buyers Away From Tesla
Volkswagen Will Invest Up to $5 Billion in EV Maker Rivian
Volkswagen, the German automaker, said on Tuesday that it would invest up to $5 billion in Rivian, a maker of electric trucks that has struggled to turn a profit, and that the companies would cooperate on software for electric vehicles. The deal creates an unusual alliance between the world’s second-largest carmaker and an electric vehicle… Continue reading Volkswagen Will Invest Up to $5 Billion in EV Maker Rivian