Category: US Motoring Press

The ‘bummer’ of the $7,500 electric vehicle tax credit: Its full value may be hard to get

Tomekbudujedomek | Moment | Getty Images The historic climate legislation President Joe Biden signed in August offered a federal tax break — worth up to $7,500 — to households that buy new electric vehicles. But it may be tough for consumers to get the full value of the tax credit — at least initially. That’s… Continue reading The ‘bummer’ of the $7,500 electric vehicle tax credit: Its full value may be hard to get

New cars are still selling for over MSRP. Here’s how to avoid sticker shock

A couple browses a car’s sticker price. Don Mason | The Image Bank | Getty Images With demand for new cars still outpacing supply at many dealerships, buyers may be asking themselves if they need to pay over the average manufacturer’s suggested retail price, or the sticker price, to get the car that they want.… Continue reading New cars are still selling for over MSRP. Here’s how to avoid sticker shock

Ferrari 296 GTS

Maybe we can all agree on something. It’s that, everything else being equal, having the ability to temporarily lose the roof on a supercar is better than not. Disagree? Come on, don’t be pious. Of course coupés are way cooler, being more pure-bred and motorsporty, and generally no-nonsense. But it’s also important to accept that… Continue reading Ferrari 296 GTS

Carvana sues Michigan after officials suspended its license to sell cars

Car dealership Carvana accuses Michigan Secretary of State Jocelyn Benson of violating state laws after the state suspended the license of the Carvana dealership in Novi late last week and it wants the courts to intervene. On Thursday evening, Carvana filed injunction motions with the Michigan Court of Claims asking for an immediate stop to… Continue reading Carvana sues Michigan after officials suspended its license to sell cars

Stellantis to end 1 shift at Wagoneer plant; no layoffs planned but some to see hours cut

The plant that produces the Jeep Wagoneer and Grand Wagoneer as well as the older version of the Ram 1500 pickup is dropping one of its three shifts, a move that a company spokeswoman said would lead to a cut in hours for certain employees but not actual job cuts. Ann Marie Fortunate, a spokeswoman… Continue reading Stellantis to end 1 shift at Wagoneer plant; no layoffs planned but some to see hours cut

Nikola founder Trevor Milton found guilty of fraud over statements he made while CEO of the EV company

Trevor Milton CEO of Nikola Massimo Pinca | Reuters Trevor Milton, the founder and former chairman and CEO of electric heavy truck maker Nikola, was found guilty in federal court Friday of three of four counts of fraud relating to false statements he made to drive up the value of Nikola’s stock. Milton was charged… Continue reading Nikola founder Trevor Milton found guilty of fraud over statements he made while CEO of the EV company

Inside the only lithium producer in the U.S., which provides the critical mineral used in batteries by Tesla, EV makers

watch now SILVER PEAK, Nev. — On the edge of Western Nevada, hours from a major city and miles down private dirt roads, lies the United States’ only lithium-producing plant. The nearest town is Tonopah — population 2,179 — where a prospector discovered silver at the turn of the 20th century. The town’s mining roots… Continue reading Inside the only lithium producer in the U.S., which provides the critical mineral used in batteries by Tesla, EV makers

Sony and Honda plan to start U.S. deliveries of their electric vehicle in 2026

Yasuhide Mizuno, the chairman and CEO of Sony Honda Mobility Inc., speaks during a news conference in Tokyo, Japan, on Oct. 13, 2022. Kiyoshi Ota | Bloomberg | Getty Images The Sony-Honda joint venture focused on electric vehicles plans to begin deliveries to the United States and Japan in 2026. Sony Honda Mobility, as it’s… Continue reading Sony and Honda plan to start U.S. deliveries of their electric vehicle in 2026

Nikola founder Trevor Milton guilty of defrauding investors

Nikola Corp. founder Trevor Milton was convicted of fraud for misleading investors in the electric truck company, a stunning downfall for the door-to-door salesman turned billionaire who promised to revolutionize the auto industry.  Milton, 40, was found guilty Friday of one count of securities fraud and two counts of wire fraud by a federal jury… Continue reading Nikola founder Trevor Milton guilty of defrauding investors