Hyundai Ioniq 6 Hyundai DETROIT – The Biden administration’s elimination of tax credits for imported electric vehicles deals a massive blow to Hyundai Motor’s business, an executive for the automaker said Wednesday. Jose Munoz, global president and chief operating officer, declined to disclose a specific financial impact associated with the requirements of the Inflation Reduction… Continue reading Hyundai says Biden’s new EV tax credit rules deal ‘astronomical’ blow to business
Category: US Motoring Press
Wall Street eyes auto industry earnings for signs of ‘demand destruction’
A sign advertises to purchase cars at a used car dealership in Arlington, Virginia, February 15, 2022. Saul Loeb | AFP | Getty Images DETROIT – Since the start of the pandemic in early 2020, U.S. automakers and dealers have seen record profits as demand outpaced supplies of new cars amid supply chain problems. But… Continue reading Wall Street eyes auto industry earnings for signs of ‘demand destruction’
BMW plans to invest $1.7 billion in U.S. to produce electric vehicles
BMW Concept XM BMW BMW Group plans to invest $1.7 billion in its U.S. operations to build electric vehicles and batteries, the company announced Wednesday. The investment will include $1 billion to prepare for production of EVs at the automaker’s existing Spartanburg factory in South Carolina, and $700 million for a new high-voltage battery-assembly facility… Continue reading BMW plans to invest $1.7 billion in U.S. to produce electric vehicles
Waymo’s self-driving taxi service is coming to LA
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 Waymo’s self-driving taxi service is coming to LA
Energy Department launches $2.8 billion for EV battery projects, none in Michigan
Washington — The U.S. Department of Energy on Wednesday announced $2.8 billion in funding across 12 states for electric vehicle battery production. None of the projects — most of which focus on battery mineral processing or component manufacturing — are in Michigan, which remains the largest auto producing state in the nation. When asked why… Continue reading Energy Department launches $2.8 billion for EV battery projects, none in Michigan
Hyundai lobbies Biden administration to ease EV tax-credit restrictions
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 Hyundai lobbies Biden administration to ease EV tax-credit restrictions
Automotive Marketing and Communications Awards: meet the judges
The Autocar Business Automotive Marketing and Communications Awards return in 2022, judged by an expert panel led by communications consultant Gabi Whitfield. Gabi is a specialist with a career spanning more than 20 years in the industry, comprising roles such as global PR director for Jaguar Land Rover and senior PR leadership positions at Nissan… Continue reading Automotive Marketing and Communications Awards: meet the judges
UK councils clamp down on loud cars with roadside mics
A new type of roadside camera that detects sound levels will be deployed in four areas across the UK as part of a £300,000 trial to stamp out noise pollution and anti-social driving. The cameras, which will be used in Bradford, Bristol, Great Yarmouth and Birmingham over the next two months, will target illegal exhausts… Continue reading UK councils clamp down on loud cars with roadside mics
Bentley tipped to replace W12 engine with V8 PHEV
Bentley is poised to replace its emblematic W12 engine with an even more powerful plug-in hybrid system – one that Matthias Rabe, the company’s head of engineering, hints is likely to be based around a V8. “I want all of our future plug-in hybrids to be more powerful than today’s 12-cylinder,” Rabe told Autocar at… Continue reading Bentley tipped to replace W12 engine with V8 PHEV
My Week In Cars: New Steve Cropley/Matt Prior podcast (episode 6)
Welcome to episode six of My Week In Cars – this week, coming to you from the back of a Nissan Qashqai. Join Matt Prior and Steve Cropley for another half-hour of car chat, as they discuss the Festival of the Unexceptional, car gatherings, racing drivers as novelists and much more. Plus, your correspondence. Make… Continue reading My Week In Cars: New Steve Cropley/Matt Prior podcast (episode 6)