A used car dealership is seen in Annapolis, Maryland on May 27, 2021, as many car dealerships across the country are running low on new vehicles as a computer chip shortage has caused production at many vehicle manufactures to nearly stop. Jim Watson | AFP | Getty Images DETROIT — Consumers hoping for a deal… Continue reading Used vehicle prices rising at an unseasonably strong rate
Category: US Motoring Press
Rivian shares fall as EV maker looks to raise $1.3 billion amid growing demand concerns
The Rivian name is shown on one of their new electric SUV vehicles in San Diego, U.S., December 16, 2022. Mike Blake | Reuters Rivian Automotive plans to raise $1.3 billion in cash via a sale of convertible notes, joining a growing list of EV makers scrambling to hoard cash as demand falters. Shares of… Continue reading Rivian shares fall as EV maker looks to raise $1.3 billion amid growing demand concerns
GM, Tesla follow own shareholders with push into lithium miners
This content is only available to subscribers. Get unlimited digital access. $1 for 3 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 topics that… Continue reading GM, Tesla follow own shareholders with push into lithium miners
Feds ask Mexico to probe claims against Auburn Hills auto supplier
The federal government said Monday it’s asking Mexico to review allegations that an Auburn Hills-based auto-industry plastics manufacturer is interfering with a labor union’s efforts to organize a facility in central Mexico. The “Transformación Sindical” union on Feb. 2 filed a petition under the U.S.-Mexico-Canada trade agreement’s Rapid Response Labor Mechanism provision against Unique Fabricating… Continue reading Feds ask Mexico to probe claims against Auburn Hills auto supplier
Hyundai reveals second-gen Kona Electric with 490km range
Hyundai Motor Company today held a digital world premiere to unveil the all-new Kona, led by an all-electric variant (EV) that offers advanced safety and convenience features and class-leading range of 490km on a single charge. The second-generation Kona offers one of the most comprehensive product packages in the B-SUV segment, including the widest range… Continue reading Hyundai reveals second-gen Kona Electric with 490km range
Hyundai reveals second-gen Kona Electric with 490km range
Hyundai Motor Company today held a digital world premiere to unveil the all-new Kona, led by an all-electric variant (EV) that offers advanced safety and convenience features and class-leading range of 490km on a single charge. The second-generation Kona offers one of the most comprehensive product packages in the B-SUV segment, including the widest range… Continue reading Hyundai reveals second-gen Kona Electric with 490km range
Inside the industry: Will 15-minute cities really kill the car?
Government. Socialists. The World Economic Forum. Russia. China. The French. Lizard Kings. In a world where anti-vaccination fervour has largely lost its point, all these and more have been accused of inventing the latest bête noire of the angry, 15-minute cities. On paper, it’s an unlikely cause to rile against: in its purest form, a… Continue reading Inside the industry: Will 15-minute cities really kill the car?
MENETA develops brake components, sealing materials using SSAB fossil-free steel
Steel major SSAB and Meneta Group, a leading global supplier of high-quality brake components and composite materials to the automotive industry, have announced development of fossil-free brake components and sealing materials. Meneta has partnered SSAB to source fossil-free steel for its global production of components and sealing materials, mainly for the automotive industry. From 2026,… Continue reading MENETA develops brake components, sealing materials using SSAB fossil-free steel
Mahindra Tractors farms growth in February, sells record 370,000 units in ongoing fiscal
Mahindra Tractors farms growth in February, sells record 370,000 units in ongoing fiscal Mahindra & Mahindra’s Farm Equipment Sector (FES) is set to clock its best-ever fiscal year sales in FY2023, both for the domestic market, and for combined domestic and export sales. As per the latest sales numbers released, in February 2023, M&M FES… Continue reading Mahindra Tractors farms growth in February, sells record 370,000 units in ongoing fiscal
Dealership business model best suited to cater to last-mile delivery EV market: Altigreen
Dealership business model best suited to cater to last-mile delivery EV market: Altigreen Bengaluru-based small commercial electric vehicle manufacturer Altigreen Propulsion Labs, which is on a rapid expansion spree across India, is betting big on the traditional showroom retail model to drive growth in its business. Within a span of 12 months, Altigreen has already… Continue reading Dealership business model best suited to cater to last-mile delivery EV market: Altigreen