A salesman walks past used Toyota Motor vehicles at the Brent Brown Toyota dealership in Orem, Utah, on Monday, April 6, 2020. George Frey | Bloomberg via Getty Images DETROIT — Used vehicle prices are expected to come down further this year amid rising interest rates and improved availability of new cars and trucks, according… Continue reading Used vehicle prices are falling but not enough to offset grossly inflated levels
Category: US Motoring Press
Rolls-Royce sees record sales in 2022, no slowdown in spending by the wealthy
Rolls-Royce sold a record number of cars in 2022 as demand for its $500,000 vehicles remained strong, despite recession fears, according to CEO Torsten Muller-Otvos. “We haven’t seen any slowdown or downturn,” Muller-Otvos told CNBC. “We haven’t seen any negative impact.” Rolls-Royce delivered 6,021 cars last year, up 8% over 2021 and the first time… Continue reading Rolls-Royce sees record sales in 2022, no slowdown in spending by the wealthy
India is learning to love electric vehicles — but they’re not cars
Bollywood actor and promoter of the startup Ultraviolette Automotive Private Limited, Dulquer Salmaan (C) along with the founders, Chief Executive Officer Narayan Subramaniam (R) and Chief Technology Officer Niraj Rajmohan pose for a photograph during the unveiling of F77, India’s first high performance electric motorcycle designed and developed by the company, in Bangalore on November… Continue reading India is learning to love electric vehicles — but they’re not cars
VP Kamala Harris to visit Ann Arbor this week for climate event
Washington — Vice President Kamala Harris will return to Michigan on Thursday for a climate change event in Ann Arbor, the White House said. Harris is expected to participate in a conversation “highlighting the Biden-Harris Administration’s historic and ongoing work to combat the climate crisis.” No further details were immediately available. The scheduled Ann Arbor… Continue reading VP Kamala Harris to visit Ann Arbor this week for climate event
Rolls-Royce says super rich keep on buying luxury cars
This content is only available to subscribers. Get unlimited digital access. $1 for 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 topics that… Continue reading Rolls-Royce says super rich keep on buying luxury cars
Warren Buffet’s firm keeps selling BYD shares despite past praise
Omaha, Neb. — Warren Buffett’s company continues selling off its BYD shares despite the positive comments he has made about the Chinese electric car maker in the past, but Berkshire Hathaway remains a major shareholder. Berkshire said in a filing with the Hong Kong stock exchange Monday that it had sold another 1 million shares,… Continue reading Warren Buffet’s firm keeps selling BYD shares despite past praise
Stellantis secures manganese sulphate supply for EV batteries from Element 25
The maker of Jeep SUVs, Ram pickup trucks and other vehicles on Monday said it has secured supply of high-purity manganese sulphate monohydrate for electric vehicle batteries in a five-year agreement with Australian miner Element 25 Ltd. Manganese is the key stabilizing ingredient in the battery’s cathode for nickel-manganese-cobalt chemistries, one of two Stellantis NV… Continue reading Stellantis secures manganese sulphate supply for EV batteries from Element 25
Traffic deaths down slightly in first 9 months of 2022, NHTSA says
Correction: This story has been corrected to fix the time frame for estimates of the increase in deaths of cyclists, motorcyclists and pedestrians. Detroit – The number of traffic deaths on U.S. roadways fell slightly during the first nine months of 2022, but pedestrian and cyclist deaths continued to rise. The National Highway Traffic Safety… Continue reading Traffic deaths down slightly in first 9 months of 2022, NHTSA says
New 2023 Jaguar F-Pace receives improved plug-in hybrid powertrain
2023 will see the F-Pace range streamlined as Jaguar looks to make its BMW X3 rival better than ever. Technology upgrades and efficiency improvements have arrived and the new F-Pace can be ordered now from £48,660. The plug-in hybrid F-Pace joined the ranks in 2021 with a 17.1kWh battery but that’s been upped to 19.2kWh… Continue reading New 2023 Jaguar F-Pace receives improved plug-in hybrid powertrain
JLR sales growth pushes order backlog up to 215,000 cars
The order backlog at Jaguar Land Rover (JLR) grew to 215,000 cars between October and December 2022 as retail and wholesale sales rose. The rise of 10,000 units compared with the previous quarter hints that demand for JLR’s cars continues to outstrip its production capacity. JLR has been severely afflicted by the semiconductor chip shortage, which former CEO… Continue reading JLR sales growth pushes order backlog up to 215,000 cars