A man shops for used vehicles at the Toyota of Deerfield dealership in Deerfield Beach, Florida. Getty Images DETROIT – Stronger-than-expected demand for used vehicles last month led to the largest increase in wholesale values since late 2021, according to new data Tuesday from Cox Automotive. The automotive data firm’s Manheim Used Vehicle Value Index… Continue reading Used vehicle prices swing higher amid unseasonably strong demand in January
Category: US Motoring Press
Hertz fourth-quarter profit beats as costs come down and travel rebounds
Andrew Kelly | Reuters Rental car giant Hertz reported fourth-quarter earnings that were better than Wall Street expected, on renewed demand for travel as the Covid-19 pandemic eased in many parts of the world. The company also benefited from improved operating performance, CEO Stephen Scherr told CNBC, helping to boost earnings even as revenue came… Continue reading Hertz fourth-quarter profit beats as costs come down and travel rebounds
Why traffic can’t be solved with just adding more highway lanes
Traffic and congestion have been worsening in American cities for decades. The average American driver lost 51 hours and $869 in valued time by sitting in traffic in 2022, a 54% jump from the previous year, according to a report by INRIX, a global traffic tracker. In 2019, before the pandemic, traffic snarls cost the… Continue reading Why traffic can’t be solved with just adding more highway lanes
The house and car will merge — and change how we power our lives
Michael J. Coren When the power went out at Nate Graham’s New Mexico home last year, his family huddled around a fireplace in the cold and dark. Even the gas furnace was out, with no electricity for the fan. After failing to coax enough heat from the wood-burning fireplace, Graham’s wife and two children decamped… Continue reading The house and car will merge — and change how we power our lives
German court rejects climate lawsuit against BMW
Berlin — A German court on Tuesday rejected a lawsuit by environmental campaigners seeking to force automaker BMW to stop selling vehicles with combustion engine by 2030. The group Environmental Action Germany, also known by its German acronym DUH, argued that manufacturers such as BMW pose a threat to people’s right to property, health and… Continue reading German court rejects climate lawsuit against BMW
Volvo may move investments to U.S. if Europe’s green-tech push falls short
Volvo is joining a growing roster of manufacturers considering moving investments to the United States if Europe doesn’t bolster aid in response to President Joe Biden’s landmark green subsidy push. The Inflation Reduction Act, which promises roughly $370 billion in clean-energy subsidies, will strongly increase demand for emissions-free trucks in the United States, said Volvo… Continue reading Volvo may move investments to U.S. if Europe’s green-tech push falls short
Piaggio to enter mid-size motorcycle market with Aprilia sports bike in September
Piaggio to enter mid-size motorcycle market with Aprilia sports bike in September Piaggio, the Italian premium bike major is entering the highly active Indian mid-size motorcycle market with the Aprila brand in the second half of 2023, as part of its plan to revamp and reinforce its two wheeler business in the country. While the… Continue reading Piaggio to enter mid-size motorcycle market with Aprilia sports bike in September
Piaggio to enter mid-size motorcycle market with Aprilia sports bike in September
Piaggio to enter mid-size motorcycle market with Aprilia sports bike in September Piaggio, the Italian premium bike major is entering the highly active Indian mid-size motorcycle market with the Aprila brand in the second half of 2023, as part of its plan to revamp and reinforce its two wheeler business in the country. While the… Continue reading Piaggio to enter mid-size motorcycle market with Aprilia sports bike in September
300 new apprentices to drive EV push at Jaguar Land Rover
Jaguar Land Rover has expanded its apprenticeship scheme to offer a record level of degree apprenticeships, allowing industry newcomers to study at university debt-free while learning the trade. In total, JLR will hire 300 apprentices in 2023, 150 of whom will be on degree apprenticeships, a 70% increase on last year’s level. The company says it’s offering an… Continue reading 300 new apprentices to drive EV push at Jaguar Land Rover
Plug-in hybrid company cars: your guide to Kia’s range
Kia Sportage Plug-In Hybrid Now for the heart of Kia’s plug-in hybrid line-up. Kia’s fifth-generation Sportage is a comprehensive redesign of Kia’s most popular SUV. That means rugged yet refined styling, lots of space for a full house, and in-car technology designed to make every journey easier, safer, and more enjoyable. And now, for the… Continue reading Plug-in hybrid company cars: your guide to Kia’s range