watch now Hidden deep below some of New York City’s most luxurious apartment buildings is an exclusive world of futuristic parking spaces where high-end vehicles are parked and retrieved by robotic parking systems. The high-tech spots are a rare amenity in the Big Apple, and if you want your car to occupy one of these… Continue reading The future of parking is in New York — and it costs at least $300,000 per space
Category: US Motoring Press
Hyundai is on a hot streak in the U.S., but Biden’s Inflation Reduction Act could spoil it
Drew Angerer | Getty Images News | Getty Images SAVANNAH, Ga. — Hyundai Motor Group is having its best years ever in the U.S. The South Korean automaker has successfully moved from bargain economy vehicles and dancing hamsters to competing against formidable automakers in the highly profitable American market. related investing news The company’s Hyundai,… Continue reading Hyundai is on a hot streak in the U.S., but Biden’s Inflation Reduction Act could spoil it
GM’s Barra goes quiet on Twitter following rival Musk’s takeover
General Motors didn’t just halt Twitter advertising after Elon Musk bought the social network. The Detroit automaker’s chief executive officer and vehicle brands haven’t even tweeted since. Mary Barra last posted on Oct. 27, the same day that Musk closed his $44 billion purchase, when GM’s leader retweeted a message from autonomous-vehicle startup Cruise. Since… Continue reading GM’s Barra goes quiet on Twitter following rival Musk’s takeover
Jeep requests names for all-electric Wagoneer ‘S’
It’s smaller than the new Wagoneer. It’s all-electric. And it needs a name. Stellantis NV’s Jeep brand is asking its enthusiasts if they have a suggestion for what to call the SUV it has codenamed the Wagoneer “S” that is set to launch in 2024 in North America followed by other markets around the world.… Continue reading Jeep requests names for all-electric Wagoneer ‘S’
Tesla rebounds as Morgan Stanley says selloff gone too far
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 Tesla rebounds as Morgan Stanley says selloff gone too far
Supply-chain snags halt Chrysler Pacifica production
Supply-chain bottlenecks have halted production of Chrysler Pacifica minivans at Windsor Assembly Plant in Ontario. Afternoon shift on Tuesday was cancelled followed by both shifts on Wednesday, according to social media posts by Local 444 of Unifor, the Canadian autoworkers union. It was unclear if the work stoppage resulted from low stocks of microchips or… Continue reading Supply-chain snags halt Chrysler Pacifica production
India’s PLI capex to surge to Rs 1,70,000 crore annually by FY26: ICRA
The government of India’s ambitious production linked incentive (PLI) schemes for semiconductors and ACC batteries will trigger an annual investment of Rs one lakh crore in manufacturing capex from FY24, rising to Rs 1.7 lakh crore by FY26, said the rating agency ICRA. The Indian Government’s PLI scheme supports Make in India and helps… Continue reading India’s PLI capex to surge to Rs 1,70,000 crore annually by FY26: ICRA
Fiat commits to keeping cars small in EV shift
Fiat is committed to a future line-up focused on small cars, despite other manufacturers withdrawing from the market – and company boss Olivier François has suggested Ford’s decision to axe the Ford Fiesta presents an “opportunity”. The Italian firm is beginning an overhaul of its European line-up as it shifts to becoming an all-electric brand. It… Continue reading Fiat commits to keeping cars small in EV shift
Lidl opens first cut-price EV charging station in France
Supermarket giant Lidl plans to reshape electric car charging, as it has the retail sector, after opening its first own-brand electric car charging station in France. The site, near Lyon, offers 360kW charging at a competitive €0.40 (35p) per kWh. BMW– and Ford-backed Ionity charges €0.69 (60p) per kWh to charge at 350kW in France.… Continue reading Lidl opens first cut-price EV charging station in France
Piaggio opens new production facility in Indonesia
The Piaggio Group has inaugurated a new production facility in Jakarta, the capital of Indonesia, a market of growing importance for the Italian automaker. Built on a 55,000 square metre site, the new factory is located in the Cikarang district of West Java. “The new plant in Indonesia sees the Piaggio Group take another stride forward in the strategic… Continue reading Piaggio opens new production facility in Indonesia