Rubicon 20th Anniversary Level II by American Expedition Vehicles (AEV) upfit for 2023 Jeep Wrangler Rubicon 392 Jeep CHICAGO – Jeep on Thursday revealed its most expensive Wrangler SUV ever, topping more than $115,000. The limited-edition vehicle is the 2023 Wrangler Rubicon 392 20th Anniversary with heavy-duty off-road parts customization from upfitter American Expedition Vehicles.… Continue reading Jeep reveals its most expensive Wrangler SUV ever, topping $115,000
Author: CNBC Online news
Redwood Materials scores a new $2 billion loan to build out battery recycling facility in Nevada
JB Straubel sits down with CNBC’s Phil LeBeau at Redwood Materials. Redwood Materials has attained a $2 billion loan commitment from the Department of Energy, the agency announced on Thursday via its loan programs office. The battery-recycling startup will use the funding to build and expand its battery recycling facility outside of Reno, Nevada. The… Continue reading Redwood Materials scores a new $2 billion loan to build out battery recycling facility in Nevada
General Motors signs deal with GlobalFoundries for exclusive U.S. semiconductor production
The global chip shortage will continue, and consumers will have to pay for it, an analyst from the International Data Corporation said. Sasirin Pamai | Istock | Getty Images General Motors has signed a long-term agreement with GlobalFoundries to establish exclusive production capacity of U.S.-produced semiconductor chips, the companies announced Thursday. The deal, which they’re… Continue reading General Motors signs deal with GlobalFoundries for exclusive U.S. semiconductor production
NTSB finds no evidence Tesla Autopilot used in fatal 2021 Texas crash
A driver uses the map navigation feature on a touchscreen control panel just prior to the Tesla Motors Inc. 8.0 software update inside a Model S P90D vehicle in New York, U.S., on Monday, Sept. 19, 2016. Christopher Goodney | Bloomberg | Getty Images The National Transportation Safety Board has concluded an investigation into a… Continue reading NTSB finds no evidence Tesla Autopilot used in fatal 2021 Texas crash
Lucid joins the EV discounting fray with $7,500 ‘credits’ on some of its Air luxury sedans
Lucid Air Courtesy: Lucid Motors Lucid Group said Thursday that buyers of certain versions of its pricey Air electric luxury sedan will be eligible for a $7,500 “credit.” But that credit will be paid by Lucid, not the U.S. government. related investing news Lucid said that customers who buy Air Touring and Air Grand Touring… Continue reading Lucid joins the EV discounting fray with $7,500 ‘credits’ on some of its Air luxury sedans
Toyota unveils new Grand Highlander, expanding hybrid crossover lineup
2024 Toyota Grand Highlander Toyota CHICAGO — Toyota Motor is expanding its segment-leading, three-row crossover lineup with the new 2024 Grand Highlander, including two gas-powered hybrid offerings. The automaker revealed the vehicle as a bigger sibling to the Toyota Highlander midsize SUV/crossover on Wednesday night. It is longer and wider than the Highlander and provides… Continue reading Toyota unveils new Grand Highlander, expanding hybrid crossover lineup
Auto insurance is up by more than 15% this year in some states. Here’s how to keep your premium down
Miniseries | E+ | Getty Images As with many line items in your household budget, your auto insurance probably costs more this year than in 2022. How much more? It depends on a variety of factors, including where you live. Nationally, the average for full coverage — generally defined as liability, collision and comprehensive —… Continue reading Auto insurance is up by more than 15% this year in some states. Here’s how to keep your premium down
Used vehicle prices swing higher amid unseasonably strong demand in January
A man shops for used vehicles at the Toyota of Deerfield dealership in Deerfield Beach, Florida. Getty Images DETROIT – Stronger-than-expected demand for used vehicles last month led to the largest increase in wholesale values since late 2021, according to new data Tuesday from Cox Automotive. The automotive data firm’s Manheim Used Vehicle Value Index… Continue reading Used vehicle prices swing higher amid unseasonably strong demand in January
Hertz fourth-quarter profit beats as costs come down and travel rebounds
Andrew Kelly | Reuters Rental car giant Hertz reported fourth-quarter earnings that were better than Wall Street expected, on renewed demand for travel as the Covid-19 pandemic eased in many parts of the world. The company also benefited from improved operating performance, CEO Stephen Scherr told CNBC, helping to boost earnings even as revenue came… Continue reading Hertz fourth-quarter profit beats as costs come down and travel rebounds
Why traffic can’t be solved with just adding more highway lanes
Traffic and congestion have been worsening in American cities for decades. The average American driver lost 51 hours and $869 in valued time by sitting in traffic in 2022, a 54% jump from the previous year, according to a report by INRIX, a global traffic tracker. In 2019, before the pandemic, traffic snarls cost the… Continue reading Why traffic can’t be solved with just adding more highway lanes