Vehicles are displayed for sale at an AutoNation car dealership on April 21, 2022 in Valencia, California. Mario Tama | Getty Images DETROIT – Shares of AutoNation, Group 1 Automotive and other automotive dealers rallied Thursday following strong third-quarter earnings and optimistic outlooks regarding consumer demand for new vehicles. The results and comments followed concerns… Continue reading Auto dealer stocks rally despite Wall Street’s ‘demand destruction’ theory
Category: US Motoring Press
Inside the world’s first affordable solar-powered electric vehicle: The $25,000 Sono Motors Sion
Germany company Sono Motors says it will bring a solar-powered electric vehicle to market in Europe in mid-2023. Sono has brought the car, called the Sion, on a tour throughout the U.S., in anticipation of its eventual domestic release. Priced at $25,000, the car is more affordable than most EVs on the U.S. market. It… Continue reading Inside the world’s first affordable solar-powered electric vehicle: The $25,000 Sono Motors Sion
Ford’s earnings beat, significant free cash flow mean we’re sticking with the auto stock
Ford Motor (F) reported an earnings beat for the third quarter, while demonstrating solid free cash flow — a key reason why the Club still backs the automaker. Go to Source
Payne: RIP for ’23 — These vehicles are headed for the automotive graveyard
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EU reaches deal to ban new combustion-engine cars in 2035
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 EU reaches deal to ban new combustion-engine cars in 2035
Orders open for Dodge’s ‘Last Call’ lineup for final year of Chargers, Challengers
Orders for the final production of the gas-powered Dodge Charger and Challenger muscle cars as they’ve been known for more than decade open at 9 a.m. Thursday at DodgeGarage.com. The four-door 2023 Charger starts at $32,645, the same as 2022, and next year’s two-door Challenger starts at $30,545, $100 less than ’22. Flagship SRT Hellcat… Continue reading Orders open for Dodge’s ‘Last Call’ lineup for final year of Chargers, Challengers
Payne: The mighty Ford F-150 Lightning’s kryptonite? A road trip
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 Payne: The mighty Ford F-150 Lightning’s kryptonite? A road trip
Auto prices finally begin to creep down from inflated highs
Detroit — All summer long, Aleen Hudson kept looking for a new minivan or SUV for her growing passenger shuttle service. She had a good credit rating and enough cash for a down payment. Yet dealerships in the Detroit area didn’t have any suitable vehicles. Or they’d demand she pay $3,000 to $6,000 above the… Continue reading Auto prices finally begin to creep down from inflated highs
2023 Alfa Romeo Giulia and Stelvio gain mid-life design updates
The Alfa Romeo Giulia saloon and Alfa Romeo Stelvio SUV will gain a new special-series variant as part of a mid-life update, along with new exterior design details and bolstered equipment. Set to go on sale in the first quarter of 2023, both models receive a host of changes to their respective front ends, including a new front-grille design… Continue reading 2023 Alfa Romeo Giulia and Stelvio gain mid-life design updates
What is a hybrid? Everything you need to know
With the proposed ban of new petrol and diesel cars in the UK looming large in 2030, the interest in hybrid cars has never been higher. According to the Society of Motor Manufacturers and Traders, hybrids and plug-in hybrids made up 20% of new car sales in November 2021, and that figure is continuing to rise. But… Continue reading What is a hybrid? Everything you need to know