For a five-year, new-car loan of $45,000, buyers with excellent credit scores generally can save thousands of dollars by qualifying for lower interest rates. Go to Source
Author: CNBC Online news
Polestar will launch a hot new electric roadster — but not until 2026
Polestar said it will build a version of its popular O2 roadster show car. Production won’t start until 2026, but interested buyers can reserve now. Go to Source
SoftBank-backed Ola to launch first electric car in 2024
Ola’s venture into India’s electric car market will see it compete with companies like Tata Motors. Go to Source
Dodge will discontinue its Challenger and Charger muscle cars next year
Dodge will discontinue its gas-powered Challenger and Charger muscle cars at the end of next year, as the brand transitions to electric vehicles. Go to Source
Drivers are paying an average $702 monthly for new cars: Here’s why that record high was ‘inevitable,’ says analyst
With interest rates rising and the average transaction price on a new car just below $46,000, consumers may want to explore ways to keep costs down. Go to Source
Elon Musk says Tesla has made over 3 million cars
“Congrats Giga Shanghai on making millionth car! Total Teslas made now over 3M,” Musk tweeted. Go to Source
The Motor City is moving south as EVs change the automotive industry
Automakers are investing in towns across the American South. The new plants bring tax and workforce advantages as the industry moves toward EVs. Go to Source
Transportation Department is losing top auto safety regulator after a few months on the job
U.S. Transportation Secretary Pete Buttigieg said Steve Cliff will be leaving his role as head of the National Highway Traffic Safety Administration Go to Source
Huawei’s second quarter revenue rises slightly from a year ago
Chinese telecommunications giant Huawei released figures Friday that showed its first quarterly increase in revenue since 2020. Go to Source
Rivian posts second-quarter revenue above estimates, but expects a wider loss for the year
Electric vehicle maker Rivian maintained its full-year guidance for deliveries, but trimmed its full-year financial outlook. Go to Source