Ken Block’s Daughter Lia Makes History With First Rally Championship
With the championship title firmly in hand, Lia Block is now at liberty to select any vehicle of her choosing for the upcoming Lake Superior Performance Rally in Michigan. In a heartwarming gesture, she opted to pilot her late father's legendary Ford Escort Cosworth Group A rally...
Škoda Auto set to re-enter Kazakhstan market
Škoda Auto establishes strategic partnership with Allur Company for vehicle sales and production in KazakhstanŠkoda Auto is poised to re-enter the Kazakhstan market. The Czech car manufacturer has engaged a new sales and production partner, Allur Company, with both companies recently signing a partnership agreement. Four models will be assembled locally in Kazakhstan starting in early 2024.“Kazakhstan presents an...
‘Weekly Wrap’ on used vehicles, fraud, capital markets
Credit unions have tapped into the auto asset-backed securities market to raise capital amid liquidity concerns, while used-vehicle values inched up sequentially in September. Ent Federal Credit Union issued its inaugural auto ABS deal on Sept. 26, a $243 million prime transaction, joining General Electric Credit Union and Oregon Community Credit Union in coming to market during the past two...
Why Marc Marquez will shake the foundations at Ducati in MotoGP
Let no one be fooled: as much as the Italian brand wants to publicly disassociate itself from the agreement that will link Marc Marquez to Gresini, it would be naive to...
Tesla’s China EV sales fall 11%
The new Tesla Model 3+ is on sale at a Tesla store in Hangzhou, Zhejiang province, in China, on Sept. 26, 2023.Costfoto | Nurphoto | Getty ImagesTesla stock was down about 2% Monday morning but recovered later in the day as the rest of the market rallied. Shares took a small hit after a report published Sunday by the...
Why Is Rivian Losing Money On EVs?
Developing, designing, and manufacturing electric vehicles is insanely expensive, especially for startups that don’t have the ability to fall back on gas-powered vehicles for extra funds. Rivian, which currently manufactures the R1S SUV, R1T pickup truck, and delivery van for Amazon, is one of the...
Frauscher x Porsche electric boat packs Macan EV power
It's not just automakers switching from internal-combustion engines to electric motors. There are now a number of boat builders with electric offerings, including Austria's Frauscher which last week unveiled the Frauscher x Porsche 850 Fantom Air which features an electric motor borrowed from the upcoming Porsche Macan EV. Porsche was responsible for the development of the powertrain found in the 28-foot...
2024 Toyota RAV4, Kia Forte top this week’s new car reviews
The news is in and it's not news at all: new cars keep getting more expensive. It seems as if automakers keep raising the price on 2024 models, independent of inflationary trends. At the same time, automakers keep chopping low-volume and low-margin entry-level models from the lineup, such as on the...
Underwater trade-ins are costing new car buyers almost $6,000
After a brief respite from soaring auto debt, Americans are once again falling deeply underwater on their car loans. Used-car values have tumbled about 16% from the pandemic-driven peaks of early last year, according to the Manheim Used Vehicle Value Index, and negative equity — the amount that debt exceeds a vehicle’s value — has been climbing fast. Among...
Changan’s Lumin mini EV to introduce fast-charging variant with range of 301km
Beijing (Gasgoo)- On October 8, Changan New Energy made an official announcement that its mini electric vehicle model, the Changan Lumin, is set to welcome an additional variant with a fast-charging capability and a CLTC range of 301km later this month. Photo credit: Changan AutoThe existing Changan Lumin offers four different variants with prices ranging...
