Category: US Motoring Press

Mobileye shares plunge after chipmaker warns of order pullback

Mobileye signage is displayed during the company’s initial public offering at the Nasdaq MarketSite in New York on Oct. 26, 2022. Michael Nagle | Bloomberg | Getty Images Mobileye, the self-driving technology company majority owned by Intel, warned on Thursday that it expected that customer orders would drop off dramatically for the first quarter of… Continue reading Mobileye shares plunge after chipmaker warns of order pullback

Mobileye shares plunge after chipmaker warns of order pullback

Mobileye signage is displayed during the company’s initial public offering at the Nasdaq MarketSite in New York on Oct. 26, 2022. Michael Nagle | Bloomberg | Getty Images Mobileye, the self-driving technology company majority owned by Intel, warned on Thursday that it expected that customer orders would drop off dramatically for the first quarter of… Continue reading Mobileye shares plunge after chipmaker warns of order pullback

Ford reports 7.1% increase in U.S. new vehicle sales as industry marks best year since 2019

2024 Ford F-150 PowerBoost Platinum hybrid Ford DETROIT – Ford Motor’s U.S. sales increased about 7% last year, marking the automaker’s best sales since 2020 but coming in lower than the overall industry’s growth. Ford on Thursday reported sales of nearly 2 million vehicles in 2023, a 7.1% increase from the previous year. The company… Continue reading Ford reports 7.1% increase in U.S. new vehicle sales as industry marks best year since 2019

Ford adjusts the pricing of its F-150 Lightning EV by as much as $10,000

The Ford F-150 Lightning Electric Truck. John Tlumacki | Boston Globe | Getty Images DETROIT — Ford Motor is increasing the price of some 2024 F-150 Lightning models, while lowering the costs of its most expensive models. The Detroit automaker confirmed Wednesday that new starting prices for the pickup will range from $54,995 for an… Continue reading Ford adjusts the pricing of its F-150 Lightning EV by as much as $10,000

Tata Motors rolls out 300,000th Punch 28 months after launch

Tata Motors today rolled out its 300,000th Punch compact SUV from its Pune plant. The latest production milestone comes 26 months after the Punch was launched on October 18, 2021. The rapid pace of production is a result of accelerated demand for the youngest model in Tata Motors’ ‘New Forever’ range.  The 300,000th Punch has… Continue reading Tata Motors rolls out 300,000th Punch 28 months after launch

Car tax: everything you need to know about vehicle excise duty

There are several taxes you need to know about to legally drive your car. One of the most important is vehicle excise duty, often abbreviated to ‘VED’.  Having so many taxes can be confusing, so we’ve gathered all the information you need to know to make sense of it all right here.  So: read on… Continue reading Car tax: everything you need to know about vehicle excise duty

Mini Aceman is brand’s first electric-only car

It will also employ the Cooper’s battery and power offerings (181bhp S, 215bhp SE), but given the car is bigger and heavier than its supermini sibling, the range of the entry-level 40kWh E is expected to be down on the Cooper’s 240 miles. Only two-wheel drive will be offered.  A hot JCW version, using the same 54kWh battery as… Continue reading Mini Aceman is brand’s first electric-only car

What are the safest cars on sale in the UK in 2024?

No matter who you are or how far you drive, choosing the safest car will most likely be a major priority. Before going on sale, every car is put through strict safety tests run by the European New Car Assessment Programme, or Euro NCAP for short. It is judged from zero to five stars, based on… Continue reading What are the safest cars on sale in the UK in 2024?