One of the world’s largest private collectors of Corvettes — who once dreamed of owning just one — has now increased his collection of the iconic cars to 122. Car dealer and NASCAR race team owner Rick Hendrick, 73, paid $1.1 million for the first electrified 2024 Corvette E-Ray on Saturday at the 2023 Barrett-Jackson… Continue reading The first electrified Corvette just sold for more than $1 million. Here’s who bought it.
Category: US Motoring Press
Some electric vehicles from BMW, Nissan, Hyundai and Volkswagen will no longer get federal tax credits
An electric vehicle is charged in Monterey Park, California, on April 12, 2023. – US President Joe Biden’s administration unveiled new proposed auto emissions rules, aiming to accelerate the electric vehicle transition with a target of two-thirds of the new US car market by 2032. Frederic J. Brown | AFP | Getty Images Fewer electric… Continue reading Some electric vehicles from BMW, Nissan, Hyundai and Volkswagen will no longer get federal tax credits
Fewer new cars qualify for $7,500 electric vehicle tax credit. Here are 2 alternatives
Uwe Krejci | Digitalvision | Getty Images The number of new electric vehicles eligible for a $7,500 federal tax credit fell by almost half on Tuesday, as new rules issued by the U.S. Department of the Treasury took effect. However, consumers in the market for an electric passenger vehicle can still access a tax break… Continue reading Fewer new cars qualify for $7,500 electric vehicle tax credit. Here are 2 alternatives
Nio says it won’t join the ‘price war’ and slash prices like Tesla
New-energy electric vehicles are seen at a Nio store in Shanghai, China, March 19, 2023. Future Publishing | Future Publishing | Getty Images SHANGHAI — Chinese electric car company Nio will keep its prices high rather than cut them, CEO William Li told CNBC in an interview. “For us, we will certainly not join the… Continue reading Nio says it won’t join the ‘price war’ and slash prices like Tesla
Ford unveils new Lincoln Nautilus to be imported from China
2024 Lincoln Nautilus Ford Ford Motor will import its next-generation Lincoln Nautilus from China to the U.S., the company said Monday night. The midsize crossover is currently produced for the U.S. at Ford’s Oakville Assembly Plant in Ontario, Canada. The automaker recently announced it would be investing 1.8 billion Canadian dollars (about $1.3 billion) to… Continue reading Ford unveils new Lincoln Nautilus to be imported from China
Maserati Americas CEO: EV flexibility, SUV volume key in pursuit of global luxury presence
This content is only available to subscribers. Get unlimited digital access. $1 for the first 6 months. Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The eNewspaper, a digital replica of the print paper, every day. Trusted, up-to-date local Detroit and Michigan breaking news. Newsletters on… Continue reading Maserati Americas CEO: EV flexibility, SUV volume key in pursuit of global luxury presence
U.S. House Ways and Means chair questions Ford agreement with CATL in Marshall project
Washington — The chair of the powerful House Ways and Means Committee wrote a letter Monday to Ford Motor Co. arguing the company’s planned battery plan in Marshall, Michigan, may go against the intent of the Inflation Reduction Act. Ford is building a $3.5 billion battery plant in the small town east of Battle Creek… Continue reading U.S. House Ways and Means chair questions Ford agreement with CATL in Marshall project
Volkswagen unveils electric luxury sedan at China auto show
Shanghai — Volkswagen unveiled an electric luxury sedan that promises a 700-kilometer (435-mile) battery range as global and Chinese automakers displayed their latest SUVs, sedans and muscle cars at the world’s biggest auto show Tuesday. Auto Shanghai 2023 reflects the intense competition in China’s fast-growing electric vehicle market after the ruling Communist Party poured billions of dollars… Continue reading Volkswagen unveils electric luxury sedan at China auto show
The shape of things to come: New GM design center aiming to help speed EV shift
This content is only available to subscribers. Get unlimited digital access. $1 for the first 6 months. Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The eNewspaper, a digital replica of the print paper, every day. Trusted, up-to-date local Detroit and Michigan breaking news. Newsletters on… Continue reading The shape of things to come: New GM design center aiming to help speed EV shift
Lincoln reveals redesigned Nautilus, brand’s midsize luxury SUV, for model year 2024
Lincoln on Monday revealed a redesigned version of the Nautilus, the midsize premium SUV that leads sales for Ford Motor Co.’s luxury brand, for model year 2024. Highlights of the new Nautilus, orders for which are now open ahead of deliveries starting in early 2024, include new signature features such as “digital scenting,” enhancements enabled… Continue reading Lincoln reveals redesigned Nautilus, brand’s midsize luxury SUV, for model year 2024