Car and SUV sales accelerate to 3.88m units in FY2023, five OEMs clock best-ever fiscal figures India Passenger Vehicle Inc has just gone and upped the sales bar for the industry. Three months after it clocked near-3.8 million units (37,92,356) in CY2022, FY2023’s 12-month domestic market sales are expected to surpass that by another 90,000-odd… Continue reading Car and SUV sales accelerate to 3.88m units in FY2023, five OEMs clock best-ever fiscal figures
Category: US Motoring Press
Mercedes-Benz GLS facelift brings upgraded equipment, software
Mercedes-Benz has unveiled a lightly facelifted version of the GLS, bringing upgraded equipment levels and software updates. The revisions are concentrated on the SUV’s interior, which now receives glossy-brown lime wood and the Parking Package – providing a 360deg camera view at low speeds – as standard. The Mercedes-AMG GLS 63 performance variant adds even more… Continue reading Mercedes-Benz GLS facelift brings upgraded equipment, software
New Genesis GV80 concept previews upcoming sports SUV
The next step in Genesis’s model expansion has been previewed with the new Genesis GV80 Coupe Concept at the New York motor show. As the name and styling suggests, the concept is a coupe version of the brand’s GV80 SUV and it is set to go into production in late 2023 or early 2024. It… Continue reading New Genesis GV80 concept previews upcoming sports SUV
Interest rates drive new car loans to hit record monthly payments for buyers
Imagine a monthly car payment that rivals a mortgage. That’s increasingly becoming the case due to soaring interest rates and high new-vehicle prices. Analysts at car shopping site Edmunds released data Monday that showed the average annual percentage rate (APR) on new financed vehicles in the first three months climbed to 7%, compared with 4.4%… Continue reading Interest rates drive new car loans to hit record monthly payments for buyers
GM reports Q1 sales gain with record EV sales, but not of new models
General Motors reported a sales gain Monday for the first quarter of 2023 as inventory levels rebounded, and it also reported the biggest number of electric vehicle deliveries during a quarter to date, although most were for the long-existing Chevrolet Bolt and Bolt EUV. GM’s first-quarter U.S. sales, when compared with the year-ago period, were… Continue reading GM reports Q1 sales gain with record EV sales, but not of new models
7 reasons there’s never been a Mazda like the electrified 2024 CX-90 SUV
SAN FRANCISCO – The 2024 Mazda CX-90 SUV is a meticulous and daring gamble that the small Japanese automaker can lift itself from competing with brands like Chevrolet, Ford, Hyundai and Toyota and into a more profitable duel with upscale brands like Acura, Lexus and Europe’s titans of luxury. It’s a daunting challenge, the kind… Continue reading 7 reasons there’s never been a Mazda like the electrified 2024 CX-90 SUV
6 surprises in the 2023 Hyundai Ioniq 6 EV, including a Detroit connection
From a new way to look at steering wheels to fish nets — actual fishing gear, not stockings — Hyundai’s new 2023 Ioniq 6 electric sedan is full of surprises. Prices for the 2023 Hyundai Ioniq 6 start at $41,600 for a rear-drive model with 240 miles of range. The long-range model can cover 361… Continue reading 6 surprises in the 2023 Hyundai Ioniq 6 EV, including a Detroit connection
Jury Says Tesla Must Pay Worker $3.2 Million Over Racist Treatment
A federal jury in San Francisco ordered Tesla on Monday to pay about $3.2 million to a Black man who had accused the carmaker of ignoring racial abuse he faced while working at its California factory. The award was far less than the $137 million that a different jury awarded two years ago, mostly in… Continue reading Jury Says Tesla Must Pay Worker $3.2 Million Over Racist Treatment
Auto Sales Withstand Higher Interest Rates, So Far
Automakers have mostly overcome the supply-chain challenges that upended production early in the pandemic. Now they are trying to weather a new challenge: higher borrowing costs for their customers. General Motors and several other automakers reported on Monday that new-vehicle sales increased substantially in the first three months of the year, thanks to improved supplies… Continue reading Auto Sales Withstand Higher Interest Rates, So Far
With a Redesigned Car, Mercedes Hopes It Can Unseat Red Bull as F1 Champion
There was a period during its record streak of eight consecutive world championships from 2014 to 2021 that Mercedes seemed unbeatable. Yet when new rules were introduced to Formula 1 last year, changing the car designs to provide better racing, Mercedes’ prospects strikingly changed. The team failed to adjust to the new rules as well… Continue reading With a Redesigned Car, Mercedes Hopes It Can Unseat Red Bull as F1 Champion