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Category: US Motoring Press
Car owners strain as more loan payments reach $1,000 or above
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 Car owners strain as more loan payments reach $1,000 or above
Auto heavyweights Andretti, GM team up to race on Formula 1’s global stage
Two icons of the U.S. auto world, Andretti Global and General Motors Co.’s Cadillac, are teaming up to race in the world’s most prestigious, open-wheel, motor-racing series, Formula 1. The bombshell news Thursday came as Formula 1 and Cadillac are making major pushes in new markets, and dovetails with retired race-car driver Michael Andretti’s ambitions… Continue reading Auto heavyweights Andretti, GM team up to race on Formula 1’s global stage
IRS ticks off Tesla, pleases Hyundai with EV credit guidance
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 IRS ticks off Tesla, pleases Hyundai with EV credit guidance
Ford closes 2022 as No. 2 EV maker as sales slip 2.2%
Ford Motor Co.’s U.S. sales slipped 2.2% year-over-year in 2022, amid the auto industry’s worst sales showing in a decade. The Dearborn automaker reported 1,864,464 sales for the year, down from 1,905,955 in 2021. For December, Ford’s sales of 179,279 vehicles were up 3.2% year-over-year. Meanwhile, Ford’s market share inched up 0.7 percentage points last… Continue reading Ford closes 2022 as No. 2 EV maker as sales slip 2.2%
Electric Pe targets five-city network expansion from its $5million funding
Electric vehicle charging app aggregator ElectricPe which recently raised $5 million plans to utilise the funds for network expansion and to scale up operations. The Bengaluru-based company will add five more South Indian cities to its network over the next 24 months. “We want to create a holistic full-stack consumer-facing platform and the route to… Continue reading Electric Pe targets five-city network expansion from its $5million funding
Electric Pe targets five-city network expansion from its $5million funding
Electric vehicle charging app aggregator ElectricPe which recently raised $5 million plans to utilise the funds for network expansion and to scale up operations. The Bengaluru-based company will add five more South Indian cities to its network over the next 24 months. “We want to create a holistic full-stack consumer-facing platform and the route to… Continue reading Electric Pe targets five-city network expansion from its $5million funding
Pankaj Munjal backed Hero Motors raises equity from PE firm GEF Capital Partners
In a bid to accelerate its push in the electric vehicle space, Pankaj Munjal backed Hero Motors, the auto-components arm of Hero Motors Company (HMC) Group has raised equity from private equity firm GEF Capital Partners and its Limited Partners for a minority stake for an undisclosed sum. With a total investment of Rs 1,500… Continue reading Pankaj Munjal backed Hero Motors raises equity from PE firm GEF Capital Partners
Pankaj Munjal backed Hero Motors raises equity from PE firm GEF Capital Partners
In a bid to accelerate its push in the electric vehicle space, Pankaj Munjal backed Hero Motors, the auto-components arm of Hero Motors Company (HMC) Group has raised equity from private equity firm GEF Capital Partners and its Limited Partners for a minority stake for an undisclosed sum. With a total investment of Rs 1,500… Continue reading Pankaj Munjal backed Hero Motors raises equity from PE firm GEF Capital Partners
Cadillac announces bid to enter Formula 1 with Andretti
General Motors (GM) has announced a shock plan to enter Formula 1 in the coming years in partnership with motorsport giant Andretti Autosport. The two American companies plan to create a race team named Andretti Cadillac. This would be the first time that GM had raced in F1. The operation would be based in the US but have a ‘support facility’… Continue reading Cadillac announces bid to enter Formula 1 with Andretti