All-electric Kia Niro EV crossover now on sale in Korea

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Combines efficient electric power with crossover space and practicalityCapable of up to 385 kilometersof zero-emissions driving on single chargeCompletes eco-friendly Niro crossover range, alongside Niro Hybrid and Plug-in Hybrid versions – 200,000 Niro models sold since 2016European sales of Niro EV to follow at end of 2018 and North America in Q1 2019The new Kia Niro EV goes on sale today in Korea, combining an all-electric, zero-emissions powertrain with crossover practicality, intelligent packaging and eye-catching design. A long-distance driving range of up to 385 kilometers makes it one of the most capable electric vehicles on sale anywhere in the world. The Niro EV occupies a unique position in the global market as an all-electric CUV (crossover utility vehicle), and sits alongside the existing Hybrid and Plug-in Hybrid variants of the car – of which more than 200,000 have sold globally since the Niro’s introduction in 2016. The Korean ..

Polestar will qualify for $7,500 electric-car credit separately from Volvo

Polestar 2
The 2021 Polestar 2 will look and feel a lot like a Volvo, but federal and state regulators won't treat it like one in the U.S. when it comes to qualifying for various green-car incentives.

The biggest incentive is the $7,500 offered as an Internal Revenue Service tax credit for the first 200,000 electric cars sold by an automaker.

READ MORE: 2020 Volvo XC60 T8, 2020 V60 T8 plug-in hybrids get Polestar Engineered performance

“We get the full credit, the $7,500 is there and it's not attached to Volvo,” spokesman J.P. Canton told Green Car Reports at a private media unveiling of the Polestar 2 electric sedan in San Francisco. “We have to sell 200,000 Polestars until it runs out.”

That leaves the door open for Volvo to earn up to 200,000 of the $7,500 federal credits on its own electric cars (minus the few plug-in hybrids the Swedish brand has sold so far) alongside state, and other credits.

The separate, untapped $7,500 incentive pool could give Polestar a big advantage out of the gate compared to General Motors and Tesla, which have both sold more than 200,000 qualifying vehicles in the U.S.

READ ALSO: Tesla Model 3 vs. Polestar 2: How the two electric cars compare

“Polestar Automotive USA is a separate brand,” said Gregor Hembrough, Polestar's head in the U.S., clarifying that the cars will be registered not as Volvos but as Polestars.

The Polestar 2 is a high-riding all-wheel-drive electric sedan that began life as a Volvo concept car intended to replace the S40, but its design was transferred to Polestar. It is fitted with a pair of 150-kilowatt electric motors and a 78-kilowatt-hour lithium-ion battery stuffed in its driveline tunnel.

The car is expected to go on sale by the end of the second quarter of 2020 in the U.S., initially in West Coast markets. Though select Volvo dealers will actually handle logistics of the Polestar sales, the automaker plans to build gallery-like showrooms staffed with product experts not on commission—similar in concept to those used by Tesla.

Fiat Chrysler pins hopes on new models after weak first quarter

MILAN/DETROIT (Reuters) – Fiat Chrysler (FCA) expects new models such as the Jeep Gladiator and all-new RAM heavy duty truck to help it meet full-year targets and make up for weaker sales and profits in the first quarter, the automaker said on Friday. FILE PHOTO: Fiat Chrysler Automobiles (FCA) headquarters are seen in Turin, Italy,… Continue reading Fiat Chrysler pins hopes on new models after weak first quarter

Fiat Chrysler confirms full-year targets even as weaker sales hit first-quarter profits

FILE PHOTO: Fiat Chrysler Automobiles (FCA) headquarters are seen in Turin, Italy, July 21, 2018. REUTERS/Massimo Pinca MILAN (Reuters) – Fiat Chrysler (FCA) on Friday confirmed its targets for this year despite reporting a 29 percent fall in first-quarter operating profit as sales and margins weakened in its North American profit center. Chief Executive Mike… Continue reading Fiat Chrysler confirms full-year targets even as weaker sales hit first-quarter profits

UPDATE 1-Fiat Chrysler confirms full-year targets even as weaker sales hit Q1 profits

FILE PHOTO: Fiat Chrysler Automobiles (FCA) headquarters are seen in Turin, Italy, July 21, 2018. REUTERS/Massimo Pinca MILAN (Reuters) – Fiat Chrysler (FCA) on Friday confirmed its targets for this year despite reporting a 29 percent fall in first-quarter operating profit as sales and margins weakened in its North American profit center. Chief Executive Mike… Continue reading UPDATE 1-Fiat Chrysler confirms full-year targets even as weaker sales hit Q1 profits

REFILE-Fiat Chrysler Q1 adj. EBIT falls 29 pct as sales slow

FILE PHOTO: Fiat Chrysler Automobiles (FCA) headquarters are seen in Turin, Italy, July 21, 2018. REUTERS/Massimo Pinca MILAN (Reuters) – Fiat Chrysler (FCA) said on Friday its adjusted operating profit fell 29 percent in the first quarter as sales slowed in its North American profit center and in Europe. Adjusted earnings before interest and tax… Continue reading REFILE-Fiat Chrysler Q1 adj. EBIT falls 29 pct as sales slow

Fiat Chrysler first-quarter adjusted EBIT falls 29 percent as sales slow

FILE PHOTO: Fiat Chrysler Automobiles (FCA) headquarters are seen in Turin, Italy, July 21, 2018. REUTERS/Massimo Pinca MILAN (Reuters) – Fiat Chrysler (FCA) said on Friday its adjusted operating profit fell 29 percent in the first quarter as sales slowed in its North American profit center in Europe. Adjusted earnings before interest and tax (EBIT)… Continue reading Fiat Chrysler first-quarter adjusted EBIT falls 29 percent as sales slow

AUDI AG: first quarter of 2019 still affected by adverse factors

As expected, the Audi Group has embarked upon a very challenging financial year 2019. First-quarter revenue and operating profit decreased compared with the high levels of the previous year. At 8.0 percent, the operating return on sales was within the range of 7 to 8.5 percent that had been forecast for 2019, but was below… Continue reading AUDI AG: first quarter of 2019 still affected by adverse factors

Volkswagen brand boosts sales revenue and result

First-quarter sales revenue grows by 7.1 percent compared with previous year to €21.5 billion Operating profit before special items rises by 4.8 percent to €921 million Brand confirms operating return target of 4 to 5 percent for entire year Board Member for Finance Dr. Arno Antlitz: “New SUV’s enrich our range of products. Focus on… Continue reading Volkswagen brand boosts sales revenue and result