Washington — The U.S. Treasury is changing how it defines a sport utility vehicle Friday after car companies lodged complaints that some vehicles were wrongfully being boxed out of new electric vehicle tax credits. The change is likely to be the difference between thousands of dollars in consumer discounts. Under new federal tax credits, SUVs,… Continue reading What counts as an SUV? Treasury shifts definition for EV tax credits after carmaker complaints
Category: US Motoring Press
The fascinating story behind Ford’s return to Formula 1
Nearly 30 years ago, in the middle of the 1990s, Sir Jackie Stewart convinced Ford to bankroll the creation of a new Formula 1 team. Stewart Grand Prix, based out of an industrial estate in Milton Keynes, existed for all of three seasons and scored a single race victory (Johnny Herbert, the Nürburgring, 1999) before… Continue reading The fascinating story behind Ford’s return to Formula 1
Official: Ford to partner with Red Bull for 2026 F1 entry
Ford will return to Formula 1 with Red Bull and its sister Alpha Tauri team from 2026 until at least 2030, it has been confirmed. The partnership brings Ford back to the top level of single-seater racing for the first time since 2004, when it supplied an engine to the Jordan team bearing its logo,… Continue reading Official: Ford to partner with Red Bull for 2026 F1 entry
One-off Bugatti Chiron Profilee sells for £10m at auction
The one-off Bugatti Chiron Profilee and last ever W16-powered Bugatti has sold for a record-breaking €9,792,500 (£8,731,041) at RM Sotheby’s auction in the Louvre Palace in Paris. Bugatti says the sale makes the Chiron the most valuable new car sold at auction, with it quickly becoming RM Sotheby’s biggest ever Paris sale in its 47-year… Continue reading One-off Bugatti Chiron Profilee sells for £10m at auction
New 2023 Zeekr X is Volkswagen ID 3 rival with up to 422bhp
Geely-owned Zeekr has unveiled its third production model: the X, an electric crossover that will be introduced to European markets following a public debut at the Shanghai motor show in April. The launch of the new EV kicks off what Zeekr officials say will be an aggressive global marketing push by the Chinese car maker, which is aiming to… Continue reading New 2023 Zeekr X is Volkswagen ID 3 rival with up to 422bhp
Ford may further cut European passenger car line-up
Ford is still determining how many car segments it needs to be competing in amid its continued search for profitability in Europe, CEO Jim Farley said on the company’s latest earnings call. Ford posted profits of $47 million (£38m) for Europe in 2022, up from a $154m (£126m) loss in 2021 after losses of $374m (£305m)… Continue reading Ford may further cut European passenger car line-up
Tata Motors commences Tiago EV deliveries
Tata Motors, which has received a strong market response to its Tiago EV, has commenced deliveries of the all-electric hatchback. The Tiago EV was launched on September 28, with introductory pricing that ranges from Rs 849,000 through to Rs 11.79 lakh. These prices for the Tiago EV, currently the most affordable electric car in India, were… Continue reading Tata Motors commences Tiago EV deliveries
Tata Motors commences Tiago EV deliveries
Tata Motors, which has received a strong market response to its Tiago EV, has commenced deliveries of the all-electric hatchback. The Tiago EV was launched on September 28, with introductory pricing that ranges from Rs 849,000 through to Rs 11.79 lakh. These prices for the Tiago EV, currently the most affordable electric car in India, were… Continue reading Tata Motors commences Tiago EV deliveries
Gulf Oil’s reports Rs 62.65 Cr net profit as B2B sales provides boost
Gulf Oil Lubricant, a unit of Hinduja Group and Gulf Oil International, posted a net profit of Rs 62.65 crore in Q3FY23, up 6.86% from the same period previous year when it earned Rs 58.63 crore, owing to strong growth in the Business-to-Business (B2B) segment. The consumer-facing B2C market, on the other hand, continued to… Continue reading Gulf Oil’s reports Rs 62.65 Cr net profit as B2B sales provides boost
Autocar Professional’s February 1, 2023, issue is out!
This 72-pager is power packed with news, features, interviews that will keep you up to date on developments in the Indian and global automotive sector. Cover StoryIndian component makers are becoming an important supply source for global markets. EventIndia’s biennial Auto Expo is back and we have all the details of the big announcements, unveils,… Continue reading Autocar Professional’s February 1, 2023, issue is out!