David Madison | Photodisc | Getty Images A federal tax break that’s available to car buyers for going electric may work differently starting next year. Under the Inflation Reduction Act — which received Senate approval on Sunday and is expected to clear the House this week — a tax credit worth up to $7,500 for
Month: August 2022
Tesla CEO Elon Musk has revealed more details about Tesla Optimus, the company’s upcoming humanoid robot, and how he sees the product rolling out over the next decade. Over the last few years, Musk has been getting quite cozy with the Chinese government. In a country known for its protectionism, the CEO managed to score
Stellantis has a lofty agenda as it pushes aggressively into electrification while also striving to generate more revenue through software and to improve the ownership experience with over-the-air updates. But this ambitious to-do list may not even be the trickiest task looming for Stellantis. The company is working to conquer another goal that has perplexed
Late-night comedian and Ford F-150 owner Jimmy Fallon surprised employees who make the F-150 Lightning pickup during a stop in Detroit this month. Fallon joined Ford Motor Co. CEO Jim Farley at a track to test drive the battery-powered pickup and at the Rouge Electric Vehicle Center to see it being built and pose for
7:43 PM ET Associated Press TOPEKA, Kan. — Three-time season champion Antron Brown raced to his first victory as a team owner Sunday in the Menards NHRA Nationals. Brown broke a 30-event drought, beating four-time defending series champion Steve Torrence in the final round for his 69th victory and first since the third race of
The Honda Civic Type R and Dodge Challenger are two very difficult performance vehicles but for some strange reason, the owner of this Challenger has decided to combine them. The following image was recently shared to Reddit and while it shows a rather unremarkable-looking Challenger, there are a couple of things that make it stand
Alan Jay Automotive Network in June sold two dealerships in Florida to two different buyers — stores it previously had planned to sell majority stakes in to LMP Automotive Holdings Inc. Alan Jay Automotive, of Sebring, Fla., on June 27 sold Alfa Romeo-Maserati St. Petersburg in Pinellas Park to Qvale Auto Group, which kept the
A mobility company founded by Olympic sprinter Usain Bolt has left some U.S. cities littered with nonfunctional electric bikes and scooters after abruptly shutting down. Bolt Mobility, in an Aug. 3 statement on its website, said investors had failed to deliver on commitments to the company, forcing it to “significantly scale back operations.” It said
In this article TSLA 17 May 2021, Brandenburg, Grünheide: Elon Musk, Tesla CEO, stands on the construction site of the Tesla factory and greets with his hard hat. Picture Alliance | Picture Alliance | Getty Images Tesla has made over three million cars, CEO Elon Musk tweeted on Sunday. Of that total, Tesla’s Shanghai factory
The Hyundai Veloster N TCR is capable of exerting g-forces like a fighter jet. Watch this episode of Pole Position: Quest for the Championship to see how Bryan Herta Autosport prepares mentally and physically for sports car racing. #HyundaiRacing #Motorsports #Hyundai
The “green hell” of the Nürburgring is cool, but have you ever tried to cauterize the equally kinky roads in your own backyard in a 502-hp hero-maker with balletic feet and the heart of a killer? You have if you’ve driven the 2022 Porsche 911 GT3, a cymbal-clash of a supercar that’s been destined for
Following CATL’s announcement about the new 100 GWh/year battery factory in Hungary, Mercedes-Benz announced an expansion of the battery supply partnership with the Chinese company. Mercedes-Benz and CATL have been working together since 2020 and the scale of the partnership will only go up, as Mercedes-Benz will be the first partner to receive battery cells
Parts shortages and higher commodity prices are putting a financial squeeze on Tier 2 and Tier 3 suppliers, in some cases forcing them to go to their Tier 1 customers to renegotiate pricing or ask for a cash infusion. The third option: Go bankrupt. Pat D’Eramo, CEO of Canadian Tier 1 supplier Martinrea International, has
Here’s a chance to buy a pair of McLarens for under $500. But instead of four wheels, these McLarens ride on a three-piece segmented midsole. The supercar maker has partnered with APL, a high-performance athletic footwear brand, to create a line of shoes called HySpeed. The companies say they used McLaren’s design language and lightweighting
5:11 AM ET Belgian Stoffel Vandoorne won the Formula E title for the departing Mercedes team on Sunday as the electric motor racing championship wrapped up season eight with the 100th race of its history. The second of two E-prix in Seoul also ended an era for the FIA-sanctioned series, with season nine in 2023
What kind of vehicle is the 2023 Hyundai Kona Electric? What does it compare to? The 2023 Hyundai Kona Electric is, as its name implies, an EV version of the automaker’s small crossover SUV. It’s worth shopping against the Kia Niro EV and the Chevrolet Bolt EV, among others. Is the 2023 Hyundai Kona Electric
This past week, a party bus driver forced his way through a busy street in Chicago, crashing into over a dozen cars and receiving criminal charges in the process. The 45-year-old was responsible for damaging 18 vehicles including an ambulance, with the total damage amounting to a figure “in the thousands” according to ABC 7
Maybe there was a time when the auto industry had all the engineers it needed. But if so, that was a while ago. The industry has been bemoaning the shortage of engineers at least since the dawn of this century. And the situation is heating up now. Automakers are remaking product portfolios to load them
The auto industry is looking to the capability known as Plug & Charge to level the playing field with Tesla’s Supercharger DC fast charging network. It could be a crucial tool in helping drivers charge quickly and more easily as the industry moves to sell more electric vehicles. Tesla has a huge head start with
Jack Weaver, an 82-year-old retired dairy farmer whose house sits on a Civil War battlefield, lives near General Motors’ Spring Hill plant in Tennessee. Michael Wayland / CNBC SPRING HILL, Tenn. – Jack Weaver can point to a cannon on a Civil War battlefield from the comfort of a shaded bench in his backyard —
By William Johnson Posted on August 13, 2022 Tesla’s Model 3 Long Range configuration is sold out for 2022, according to the company’s Online Design Studio. The Model 3’s webpage on Tesla’s website has an updated delivery timeframe for each trim level. While the Model 3 Rear-Wheel Drive and Performance configurations are still available and
A U.S. appeals court upheld a 2020 ruling that tossed out a racketeering lawsuit General Motors filed against rival Fiat Chrysler Automobiles, now part of Stellantis, and former executives. GM filed the racketeering lawsuit in November 2019, alleging FCA bribed UAW union officials over many years to corrupt the bargaining process and gain advantages, costing
Conventional wisdom holds that it’s a scary time to be in the automotive aftermarket business. The implied message is that you need to transform your business now, or you’ll have missed the runaway EV bonanza forever. But, in reality, the aftermarket industry is on solid ground. It can afford to take its time to make
8:21 PM ET Associated Press TOPEKA, Kan. — Bob Tasca III topped Funny Car qualifying for the second straight event on Saturday in the Menards NHRA Nationals at Heartland Motorsports Park. Tasca’s Friday run of 3.930 seconds at 323.81 mph in a Ford Mustang held up for his ninth career No. 1 qualifier. “That track
Earlier this year, while trying to avoid a crash at Road America, NASCAR Xfinity driver Josh Bilicki ran into an on-track sign advertising the Sargento cheese brand. The incident, which quickly became a meme, now means that Bilicki is making some real cheddar. Sargento is a Wisconsin-based cheese maker, so it makes sense that it
A Florida dealer believes he has found a solution to a long-standing problem for businesses and their employees: rising health care costs. Greg Balasco, owner of Lakeland Automall, which sells Ford, Hyundai and Genesis vehicles, switched in late 2020 from traditional health insurance with a big-name provider to a self-funded plan that he says saves
Tesla cars charge next to a traditional Texaco gas station on July 17, 2022 in Nephi, Utah. With more electric cars on the road, lack of charging infrastructure is becoming more of a problem for EV owners. George Frey | Getty Images Proposed tax credits of up to $7,500 for electric vehicles under the Inflation
BMW’s latest 4-Series family has an electric option in the form of the i4 hatchback. The car is a new addition to the BMW lineup for 2022 and in i4 M50 guise, it delivers up to 536 hp and is a hoot to drive. 2023 Nissan Z We also spent more time behind the wheel
Rivian, Fisker, and other EV makers are offering binding purchase agreements to reservation holders after the Senate passed the Inflation Reduction Act with big EV tax credit changes. The availability of tax credits could change within the span of the next few days now that the House has passed the bill, if President Biden signs
WASHINGTON — Audi of America, Kia and Porsche said buyers of its electric vehicles will lose access to federal tax credits of up to $7,500 once President Joe Biden signs a $430 billion climate, health and tax measure. The legislation set to be approved by the U.S. House of Representatives on Friday “will have consequential
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