Ford will postpone about $12 billion in EV investment
Ford workers produce the electric F-150 Lightning pickup on Dec. 13, 2022 at the automaker's Ford Rouge Electric Vehicle Center (REVC).Michael Wayland | CNBCFord Motor said Thursday that many customers in North America are no longer willing to pay a premium for an electric vehicle over an internal-combustion or hybrid alternative.As a result, it's postponing about $12 billion in...
2024 Chevy Tahoe Prices Increasing By $2,000
General Motors is in the midst of raising prices for most of its large SUVs and the 2024 Chevrolet Tahoe is the next model in line to get a price hike. Just like the larger Suburban, pricing for the Tahoe is going up by $2,000...
Race team that worked on Ford GT40 creates electric Mustang
The U.K.'s Alan Mann Racing, a company that specializes in servicing and maintenance for classic road and race cars, particularly Fords, has expanded its operations with an electric conversion for the original Ford Mustang. Alan Mann Racing, or AMR for short, started out life in the 1960s as a British race team that fielded Fords in various events, including the...
Jack Mason Unveils the New Dr Pepper® GMT
Two proud Texan brands have teamed up to create an iconic timepiece: the new Dr Pepper® GMT by Jack Mason and Dr Pepper®. With only 230 made, you’ll want to get your own Dr Pepper® GMT before they run out. Built on the Strat-o-timer, a popular Jack Mason watch powered by a Miyota 9075 automatic movement, it’s perfect for...
2024 Lexus LS costs $3,100 more, starts at $80,685
The 2024 Lexus LS full-size sedan rolls into the new year with more standard tech but a corresponding price hike of $3,100 from the 2023 Lexus flagship sedan. The updated LS costs $80,685, including a $1,350 destination fee, Lexus announced Wednesday. New standard features include a 12.3-inch touchscreen (there's still an analog...
Honda Prelude reborn as hybrid-electric concept car in Tokyo
UPDATE: Honda's U.S. PR team clarified its announcement on the Prelude, and turns out, it's not fully electric. Instead, it's powered by a hybrid-electric powertrain, so expect an engine under that long hood and some unknown array of electric motors, as well. Our updated, original story continues below. Once again, the Japan Mobility Show has surprised us with one...
Gasgoo Daily: China’s monthly automobile exports reach around 500,000 units in Sept. 2023
With Gasgoo Daily, we will offer daily important automotive news in China. For those we have reported, the title of the piece will include a hyperlink, which will provide detailed information.China's monthly automobile exports reach around 500,000 units in Sept. 2023China's automobile exports reached around 500,000 units in September 2023, jumping 36% over a year...
Mazda Iconic SP Concept Looks Like A Modern RX-7 Revival
The car features an extremely low hood that only a rotary engine could allow for; all that's missing are some pop-up headlights. In fact, the whole car is only 45.3 inches tall, nearly three inches shorter than the RX-7. It even features the iconic rounded door shape...
Nissan Formula E Team partners with Coral and reinforces its commitment to sustainability
Nissan Formula E Team is delighted to announce a partnership with Coral for the upcoming 2023/24 ABB FIA Formula E World Championship. The UAE-based software company specializes in offsetting carbon emissions by using blockchain technology, bringing transparency and verification to carbon credit markets.The relationship with Coral is the next step in Nissan Formula E Team’s pledge to reducing its...
Podcast: ‘Weekly Wrap’ on earnings, subprime ABS
Third-quarter earnings season continued last week with Ally Financial, Bank of America, Citizens, Fifth Third, Huntington Bank, Truist and U.S. Bank all reporting. Results were mixed as Ally and Bank of America reported year-over-year increases in their auto portfolio of 2.1% and 6.5%, respectively. U.S. Bank tallied the greatest decline in outstandings, falling 54.4% YoY to $10.6 billion. Citizens continued...
