Month: December 2022

WASHINGTON — The U.S. Treasury Department on Monday said it will issue proposed guidance for the critical mineral and battery component requirements in March, effectively delaying those eligibility restrictions in the $7,500 tax credit for new electric vehicles. Under the recently signed Inflation Reduction Act, the department was required to issue proposed guidance by Dec.
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Kia will return to the Super Bowl for the second straight year. A brand representative last week confirmed the buy for an ad that will be handled by agency-of-record David & Goliath. For last season’s game, Kia used a cute robotic dog in an ad that plugged its electric EV6, part of a wave of
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In this article LCID Follow your favorite stocksCREATE FREE ACCOUNT Lucid Motors CEO Peter Rawlinson claps after ringing the opening bell at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq stock exchange after completing its business combination with Churchill Capital Corp IV in New York City, July 26, 2021. Andrew
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Ford of Europe’s upcoming all-electric SUV, expected to the called Explorer Sport, will be the first new model to be launched under the automaker’s American-inspired “Adventurous Spirit” marketing and design ethos. Ford teased the look of EV on social media ahead of the car’s unveiling that is expected to take place in March. Teaser pictures
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Mounting financial losses, a plunging stock price, nervous creditors and regulatory roadblocks in several states have online used-car giant Carvana Co. on the ropes as it enters 2023 with used-market conditions in decline and facing doubts about its ability to survive without major restructuring. Carvana must tread carefully in the early months of 2023 as
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Alfa Romeo’s growth plan in the U.S. over the next decade involves doing away with internal combustion engines by 2027. The Italian brand is laying the groundwork for this expansion now with a focus on delivering experiences to consumers that are fitting of the luxury segment. It’s not a numbers game. Alfa says it’s thinking
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Verdict 9.6 / 10 I’m rarely a fan of making simple things more complicated, especially in the world of car naming. BMW and Infiniti have long been parties to this unchecked expansion of model branding and sub-branding, and it’s still difficult to remember which vehicle we’re talking about when talking about anything from the Mercedes-EQ
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BERLIN — Former Volkswagen Group CEO Herbert Diess is in line to become supervisory board chairman at semiconductor group Infineon. Diess, 64, was replaced as VW Group CEO by Porsche boss Oliver Blume on Sept. 1. During his four-year stint leading the automaker, Diess clashed with senior managers and the automaker’s powerful works council over
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Move over Facebook, YouTube and Instagram — there’s an upstart fixed-ops marketing tool in town with a goofy name that belies its serious promotional potential: TikTok. Once the primary province of home videos showing preteens and teens bustin’ a move or lip-syncing to the hit song du jour in their bedrooms and basement rec rooms,
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PARIS – Renault Group Chairman Jean-Dominique Senard, who was brought in to stabilize the company after the arrest of Chairman and CEO Carlos Ghosn in November 2018, will be appointed for another term, the automaker said. Senard was tapped that year by the French government, a major Renault shareholder, to replace Ghosn, who was detained in
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Rising interest rates have made consumers particularly attuned to the financing portion of a vehicle sale, turning Stellantis’ effort to roll out a new captive lender into an even bigger deal for many of its retailers. At Huntington Beach Chrysler-Dodge-Jeep-Ram in California, about 50 transactions each month now use Stellantis Financial Services. Tommy Rodriguez, the
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Once flush with easy money, investors have soured on investing in electric vehicles and other mobility startups amid uncertain economic conditions. The total amount invested in the moblity tech sector dropped by 79 percent year-over-year in the third quarter of 2022, according to the latest figures from financial services firm PitchBook. Going forward, investors expect
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