Cars are displayed on the sales lot Serramonte Subaru on May 16, 2023 in Colma, California. Justin Sullivan | Getty Images The Federal Reserve’s battle to taper inflation by ratcheting up interest rates is limiting who can afford to purchase a new or used vehicle. The rate hikes have many Americans lowering their buying expectations,… Continue reading How inflation and higher interest rates have reshaped car buying for many Americans
Category: US Motoring Press
UAW union outlines lofty demands ahead of critical negotiations with Detroit automakers
United Auto Workers members on strike picket outside General Motors’ Detroit-Hamtramck Assembly plant in Detroit on Sept. 25, 2019, with Sen. Bernie Sanders, of Vermont, far left. Michael Wayland | CNBC DETROIT — The United Auto Workers union appears ready to take a hard line when it comes to national negotiations this year with the… Continue reading UAW union outlines lofty demands ahead of critical negotiations with Detroit automakers
Elon Musk is the world’s richest person again
Elon Musk is the wealthiest person in the world again. Michel Euler | AFP | Getty Images Elon Musk is the richest person in the world again, according to Bloomberg Billionaires Index updated figures Thursday. The Tesla CEO saw his wealth jump 40.3% this year to $192 billion, after shares of the electric car maker… Continue reading Elon Musk is the world’s richest person again
Howes: How Bill Ford says Michigan is competing for investment — after losing big
This content is only available to subscribers. Get unlimited digital access. $1 for the first 3 months. Subscribe Now Your subscription supports: Trusted, up-to-date local Detroit and Michigan-wide breaking news. Accurate, fact-based journalism without an agenda, so you get the information you need to make informed decisions. Complete coverage and commentary on Michigan politics from… Continue reading Howes: How Bill Ford says Michigan is competing for investment — after losing big
Stellantis promotes interior, Jeep and user experience designers
Three Stellantis NV designers are stepping into new roles after Volkswagen-backed Scout Motors snagged one of its leaders and another retired. Designers are the curators of vehicle brands, how they are expressed and how customers experience them. As Stellantis transitions to an all-electric future, these leaders will play an influential role in redefining what trucks,… Continue reading Stellantis promotes interior, Jeep and user experience designers
Toyota debuts hydrogen-fueled Corolla race car as racing begins shift away from gas
Oyama, Japan — In a sprawling circuit near Mount Fuji, a humble Corolla running on liquid hydrogen has made its racing debut, part of a move to bring the futuristic technology into the racing world and to demonstrate Toyota’s resolve to develop green vehicles. Toyota Chairman Akio Toyoda, resplendent in a fire-resistant racing uniform, was all smiles… Continue reading Toyota debuts hydrogen-fueled Corolla race car as racing begins shift away from gas
China gives Elon Musk a hero’s welcome — and a message for America
This content is only available to subscribers. Get unlimited digital access. $1 for the first 3 months. Subscribe Now Your subscription supports: Trusted, up-to-date local Detroit and Michigan-wide breaking news. Accurate, fact-based journalism without an agenda, so you get the information you need to make informed decisions. Complete coverage and commentary on Michigan politics from… Continue reading China gives Elon Musk a hero’s welcome — and a message for America
Michigan failing to retain key talent after graduation, report says
Mackinac Island — Michigan is failing to retain a key talent pool among college graduates as the state’s automotive industry reaches an “inflection point” that requires Michigan to shift its focus from production-related careers to knowledge, professional or creative occupations, according to a study released Wednesday at the Mackinac Policy Conference. A crucial sector needed… Continue reading Michigan failing to retain key talent after graduation, report says
Ferrari LaFerrari successor arrives next year as flagship hypercar
Ferrari will follow the generation-defining LaFerrari with a new flagship hybrid hypercar, codenamed ‘F250’, which will lead the brand into its electrified future. Spotted testing in heavy camouflage on public roads in Italy for the first time – having previously been seen in a LaFerrari body in 2020 – the F250 breaks cover 10 years… Continue reading Ferrari LaFerrari successor arrives next year as flagship hypercar
Kia India sells 18,766 units in May, Sonet and Carens outsell Seltos
Kia India today reported domestic market sales of 18,766 units, which constitutes flat sales (May 2022: 18,718 units). Compared to April 2023’s 23,216 units, sales are down 19% month on month. The Sonet compact SUV with 8,251 units was the best-seller for the company and has outsold Kia’s longstanding best-seller, the midsize Seltos SUV for the fourth… Continue reading Kia India sells 18,766 units in May, Sonet and Carens outsell Seltos