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Elon Musk. Karina Johansen/Getty Images Tesla Stocks are pacing for their worst year on record. Trade-in 2022 is over. The stock has fallen about 65% since the beginning of the year. CEO Elon Musk faces pressure from investors over Twitter interest. Tesla shares rose on Friday, the final trading day of 2022, capping the worst year in the company’s history. Stocks are down about 65% year-to-date, with a market capitalization of over $700 billion. Investors are sounding alarm bells about slowing demand and car production, sluggish market share in China, Fed rate hikes and CEO Elon Musk’s acquisition of Twitter. Tesla’s sharp decline far outpaced the declines of major indices, including the S&P 500 and the tech-heavy Nasdaq, down 19% and 33%, respectively, over the year. But Musk tried to shrug off the carnage after seeing his personal net worth plummet along with Tesla stock. “Don’t worry too much stock market Insanity. If we continue to show good performance, the...

Shanghai (Gasgou)- Dongfeng Nissan, a joint venture between Dongfeng Motor Group and Nissan Motor, plans to launch more than 20 new models over the next five years under three brands: Nissan, Venucia and Infiniti. New energy vehicle (NEV) segment, according to a press release issued by the joint venture on December 30. Photo courtesy of Dongfeng Nissan Dongfeng Nissan expects electrified models to account for up to 40% of annual vehicle sales by the end of 2025. By that year, the automaker hopes to see a total of nine models with zero-emission all-electric technology, e-POWER hybrid electric technology and other electrification technologies. Photo credit: Venucia At the Guangzhou Auto Show 2022, which opens on December 30, Dongfeng Nissan’s Venucia brand will unveil its NEV strategy, under which it will focus on the NEV field rather than engaging in research and development of new oil-fueled models. Venucia plans to launch two new his NEV models in at least a year in the future...

There were many epic Porsches to choose from, but we had to narrow it down to one. His last two cars were the one-off Surrey Special GTS, which sports classic . 2023 SC Porsche Heritage Design and it’s a stunning collection of mechanical and decorative bits. The ducktail spoiler is a homage to the Carrera RS 2.7, with the same widebody design as the Turbo. That’s because it’s got Turbo’s brilliant twin-turbo flat six, but it’s detuned to 543 hp and 442 lb-ft of torque. Unlike other Turbo models, the SC is only available with a manual gearbox. Other perks include ceramic composite brakes, Porsche Dynamic Chassis Control, rear-axle steering, Sport Chrono Package and noisier exhaust. Why did the Germans detune the engine? The SC also removes Turbo’s standard AWD system. In other words, it sends power to the rear wheels only. For his RWD 911 with manual gearbox, 543 hp is more than enough. https://ift.tt/H3mocj7 6 Best Special Edition Cars of 2022 Auto Updates

As exciting as the new’s wider bodywork and refined aerodynamics Chevrolet Corvette Z06 A 5.5-liter flat-plane LT6 V-8 engine behind the driver is the star. Unfortunately for his new Z06 owner Marco Garcia, the motorsport-derived engine in his Corvette Z06 failed on the first delivery drive after he had driven only 52 miles. According to him, Garcia purchased a red-on-black Corvette Z06 1LZ from Covina Hills Chevrolet in Covina, California on December 23rd. youtube videos The list price for the highly sought-after sports car was $113,975, but paperwork and dealer fees brought the final sale price to $182,457.38. Garcia has two of his Stingrays at this point and has arrived to purchase the Z06. Modified C8 Once the purchase process was complete, one of the dealer salesmen offered to follow Garcia back to the construction site with the Stingray. Garcia accepted the offer and agreed to return the salesman to the dealer after the exchange. This content is imported from youtube. You may...

In the past two years when capital costs were low, Cepton and other lidar companies went public through special purpose acquisition companies.However Federal Reserve Rate Hike Geopolitical tensions are also slowing the flow of capital to automotive tech start-ups.new investment in Mobility tech startup went down In the third quarter of 2022, it is up 79% year-over-year, according to financial services firm PitchBook. Cepton CEO and co-founder Jun said, “There was a big economic expansion in the last few years, so everyone was in a frenzy. It changed the mindset of investors.”Pei said car news “And they really see the value you’re creating in your business operations. Lidar companies have struggled over the past two years. Merger of Ouster and Velodyne . AEye, a lidar company The company, backed by financial services giant Kantar Fitzgerald, saw its valuation drop 25% from $2 billion to $1.5 billion after it merged with Kantar Special Purpose Acquisitions last year. Founded in 20...

“One of the things I often say to people is, ‘Why do you have to lose someone to change your behavior?'” Kiefer said. “So many people will hear this story and be like, ‘Oh my God, I’m sorry for them, it’s terrible.’ is not.” With holiday car crashes and distracted driving on the rise, Kiefer is turning his attention to what he can control and what he thinks Michigan is lacking. According to the latest Michigan State Police data, distracted driving crashes in Michigan will increase about 15% year-over-year in 2021, reversing the downward trend since 2017. Last year, there were a total of 1,131 fatalities recorded in Michigan, the most in 16 years. Even though the COVID-19 pandemic has reduced road use, dangerous driving has been on the rise. Officials have cited faster speeds as one reason he did. Kiefer attributes it also to his work remotely and the need to be constantly connected via his mobile phone with text his messages, Slack, Zoom, and more. To address this problem, the...

New Delhi, December 29th: India’s leading car giant Maruti Suzuki is gearing up for the upcoming year 2023 in a big way. According to the latest report, the Indian and Japanese auto giants are planning to make the prices of their much-anticipated SUV models, the Jimny 5-door and Baleno Cross very competitive. Beat the market competition and further attract Indian car buyers. Maruti Suzuki is expected to continue to dominate the country’s growing and increasingly popular SUV market with its new SUV garnering significant sales. Let’s take a closer look at these new Maruti SUV contenders. Auto Expo 2023: From the Kia EV9 to the MG Air EV, India’s biggest auto show showcases six stunning EVs that will captivate. Maruti Suzuki Jimny and Baleno Cross – Details: Maruti Suzuki India Limited (MSIL) is highly expected to unveil its Jimny 5 door SUV and Baleno Cross crossover at Auto Expo 2023 in January. The Maruti Baleno Cross has been shown multiple times at previous Auto Expo editions...

I reported on it last month. Regulation year advanced to 2022 I think 2023 should get us used to surprises, but the industry can be prepared for certain market trends and continued regulatory scrutiny. , here are some topics that lenders should pay attention to: Looking ahead to 2023, one big question is what impact the Fed’s actions will have on the economy at large. How would the performance of existing accounts be impacted if the recession were to occur as predicted? What are the basic policies and controls that financial firms need to monitor? In some respects this is nothing new, as we saw similar activity after COVID-era supplements ended in 2021. CFPB — Increased surveillance for consumer protection. CFPB concerns On the CFPB topic, we expect to see concerns about consumer access to credit due to rising interest rates, building on the issues already discussed. Financial firms should be prepared to document and demonstrate consistency in their credit decisions to avoid inqu...

E-bikes are growing in popularity around the world. According to the Light Electric Vehicle Association, e-bike sales have outsold electric and hybrid vehicles combined in the United States. Mike Radenbaugh, founder and chairman of Rad Power Bikes, said: “And given that rising fuel prices and other challenges to transportation will only get worse, I don’t think that will slow down in the next few years.” A large part of this trend is due to the variety of options that have entered the market. Some are made specifically for specific jobs such as food delivery, while others are designed to fold up or even have extra seating for children. It is now used as a convenient micro-mobility transportation option for those who dislike the inconvenience and cost associated with cars. In the US, some e-bikes can go up to 28 mph, but most peak around 20 mph. This speed is often blamed for the increased hazards seen with electric bicycles compared to conventional bicycles. “It’s really simple...

For most consumers, electric vehicles are still a slow sell. Not only are they more expensive than similarly sized and equipped gasoline vehicles, range and lack of chargers continue to be major concerns. The EV market isn’t big enough yet, so most companies don’t want to invest in more charging stations. It’s a vicious cycle that never gets better. California has taken the first step towards making EVs more attractive by getting out of the loop and doubling his number of EV chargers available in the state. earlier this week, California Energy Commission (CEC) has approved a $2.9 billion investment plan to accelerate the state’s 2025 EV and hydrogen refueling goals.This investment will be used to install 90,000 new electric vehicles charging station This is based on the 80,000 chargers currently available in the state. The CEC said this investment, along with “funding from other utilities and other programs,” will ensure California reaches his goal of installing 250,000 electric ve...

The redesigned Mercedes-Benz GLC-Class will soon hit showrooms, and the high-performance AMG variant will once again appear. Our latest spy shots reveal a prototype of AMG’s new GLC 43, powered by a 2.0-liter Turbo 4 making over 400 horsepower. Volkswagen will use the 2023 Consumer Electronics Show in January to unveil its next electric vehicle. The vehicle is expected to be a midsize sedan previewed earlier this year by the ID.Aero concept car. Porsche’s beefy Dakar 911 may be in limited production, but the automaker is keen to add similar vehicles to the 911 range. Porsche’s chief said it was open to making the rugged 911 a new model range for the 911 family. You can find these stories and more in Motor Authority’s Automotive News Today. 2024 Mercedes-Benz AMG GLC 43 spy shots and videos VW’s next ID EV is Debut at 2023 CES Porsche 911 Dakar Could lead to a sturdier 911 Abolished by automakers These cars in 2023 Volvo limits software Major upgrade subscription Investiga...

In all honesty, 3 pairs of pants are enough for most men. jeans , Sweat pants and chinos.chinos are just It’s dressy enough for a date, yet casual enough for weekend errands and day-to-day work at the home office. Versatile and probably better than denim. What is chino pants? Chino pants have been around for nearly 200 years.longer than the commercial blue jeans but not the old blue cotton work pants Levi’s 501s , for example. Originally known as khaki, the Hindustani word for sand-colored cotton twill fabric, the term chinos began to take hold during the Spanish-American War in the late 1800s. It comes from the Spanish word “Chinese” and is a shortened version. chino pantalon Or “Chinese trousers”. Originally featuring slanted or on-seam side pockets, belt loops, and a wide fit, it was introduced to militaries around the world before becoming popular. Today, every brand has its own version, from the ubiquitous affordable to the esoteric. When to wear chinos Simply put, when y...

This is starting to look a lot like the tipping point for mass adoption of EVs. Forgive our holiday spirit, but Cadillac Lyric and Kia EV6 electric crossovers really charged our sleds this week. We have finalized the finalists for the Best Car To Buy 2023 Awards and compiled a list of new and redesigned models for 2023. missed the cut with some reason. Aside from the freezing wind chill and weak holiday puns, here’s what got us going this week. 2023 Cadillac Lyric Review Sensational style and strong performance earned the Cadillac Lyriq SUV a TCC rating of 8.4 out of 10. 2023 Kia EV6 review The 2023 Kia EV6 balances performance and efficiency, style and space, and value and function better than most electric crossovers. It has a TCC rating of 8.2 out of 10. 2023 Chrysler Pacifica Review If you’re willing to sacrifice the Stow ‘n Go seat tricks, the Pacifica Hybrid is one of the most versatile, comfortable, and efficient family cars out there. The Pacifica lineup earns him a TC...

BMW X5 is preparing for the mid-cycle update, and today spy shot Gives us an idea of ​​what that update might look like. BMW The ‘s camouflage is bright enough on the front that you can see the lower bumper being massaged with a new vent and lower grille design.However, the kidney grill itself is not much different from the current size and shape X5 , even if it’s been tweaked for refresh. The headlights themselves look slimmer, but not dramatically. Certain model spy tests here are labeled as hybrid. Electric car It appears to be the xDrive45e PHEV model. Click here for reviews by PHEV . The X5 doesn’t change much on the side, but the rear end gets a notable makeover on the same level as the front. The taillights differ most obviously, as part of the LED design is revealed through the camouflage cover. You can’t look at the whole light and know exactly what it looks like, but it’s enough to know that BMW has made changes. All the other camouflage on the rear hints at a massaged...

Beijing (Gusgou)- Farizon Auto, a new energy commercial vehicle (CV) brand under Zhejiang Geely Holding Group, is reportedly expected to complete its Series A funding round in 2023. Photo credit: Farizon Auto According to local media sources, Farizon Auto will do its utmost to make strategic adjustments between product and capital markets in the next three years to achieve its goal of raising its market value to US$30 billion is. In particular, the CV maker recently underwent several other company changes, including personnel changes in which Li Shufu became the company’s chairman, and the company’s registered capital was raised from 1 billion yuan to 3.5 billion yuan. . Additionally, Farizon Auto announced on October 26 that it has closed its Pre-A funding round, raising over US$300 million. The round was led by Global Logistic Properties’ Hidden Hill Capital and attracted investors including Transfar, CITIC Securities, Hunan Xiangtan Industry Fund, GLy Capital and Mirae Asset....

The interior of this MC20 is equally quirky. The seats feature an Italian tricolor, leather and carbon steering wheel. The yellow and white seats are diamond-stitched, and the floor mats and seatbelts also feature the Mansory logo. Under the hood, the MC20’s Nettuno powerplant, a 3.0-liter twin-turbo V6, makes a whopping 710 horsepower out of the standard 621 horsepower and 538 lb-ft of torque. Mansory has remained tight-lipped about what changes have been made to the car, but we do know that the exhaust system has been changed to something more performance-oriented. time is now 2.7 seconds (down from 2.9 seconds) and top speed is over 205 mph. Mansory didn’t provide pricing details for this kit, but it’s fair to say that if you can afford a Maserati MC20, you can afford to get it trimmed. https://ift.tt/azfgjAB The Maserati MC20 gets the obligatory Mansory makeover. Auto Updates

From the January 2023 issue car and driver. You may have heard the term “crowdsourcing”. That’s when ideas are solicited from large crowds rather than a few cadres of so-called experts, often with surprising results.VolkswagenThink of his Tiguan. No, it’s not the car itself designed by highly trained engineers, its name is a mashup of ‘tiger’ and ‘iguana’. Thank you, crowd! Recently, I’ve been thinking about how to apply the wisdom of the masses to my own driving. Could crowdsourcing improve my personal habits and techniques? Maybe. So I decided to pay special attention to my fellow drivers and see if I could learn anything from the entire licensed citizenry. Like Tesla’s fully self-driving system (always in beta testing), I’ll try to absorb their insights and experience to make my super-heavy car awesome. Here are some of the things I learned. First, if you don’t know where you’re going, don’t worry. The car he crosses the lane like a two-ton divining stick, drive slowly. Then, i...

As the 117th Congress draws to a close, Thursday night, the Senate passed a bipartisan bill to provide dealers. LIFO Tax Reduction . Mike Stanton, CEO of the National Automobile Dealers Association, said in a statement Friday morning, “The bill’s passage through the Senate is a necessary step for LIFO dealers due to the pandemic and supply chain issues. It’s a huge step forward in providing effective relief. But the House did not vote on that version of the LIFO relief bill on Friday, instead focusing on a roughly $1.7 trillion comprehensive spending package that would avoid a federal shutdown. The bill passed the House and was sent to the White House before Congress adjourned. A new Congress, with a Republican majority, will convene early next year. https://ift.tt/B5W2Gbr LIFO relief bill for auto dealers passes Senate.No vote from House of Representatives Auto Updates

Tesla emerged as a major exporter From our factory in Shanghai From last year. In the first nine months of this year, approximately 165,000 vehicles were shipped from the factory to the international market. Other global automakers, including Renault and BMW, are also exporting Chinese-made EVs, and the Volkswagen Group plans to start exporting them next year. Chinese domestic brands make up the balance. SAIC’s EV exports in his first three quarters saw him surge to 78,000 vehicles, most of them under his 2007 acquisition of the MG brand. Rival BYD has exported 22,000 vehicles and plans to export more in 2023. We continue to enter new markets Companies such as Xpeng, Nio and Great Wall have also announced major expansion plans. It’s all starting to show up in EV sales figures in other countries. 11% of the 1.8 million EVs sold in Europe in his first three quarters of the year Came from a Chinese car manufacturer up from 2% in 2020. It’s worth taking a moment to think about how ...

Tesla is offering discounts on some of its top models in the US this month. Tesla will offer his US$7,500 discount on Model 3 and Model Y electric cars in the US in December 2022. Elon Musk-led Tesla indicated on its website that it will be offering discounts in December. Tesla’s move comes days after the U.S. Treasury Department postponed restrictions on electric vehicle incentives. The move is also expected to be due to Elon Musk’s controversial control over his Twitter, with high prices and inflation also softening demand for Tesla. Tesla Stocks Plunge To Low, Elon Musk Blames Global Macroeconomic Conditions. Watch: Tesla offers US$7,500 discount on Model 3 and Model Y electric cars See: Tesla is offering a $7,500 discount on Model 3 and Model Y electric vehicles delivered in the U.S. this month, amid concerns the automaker faces softening demand, said its website. showed. https://t.co/Dl7SCapIM3 $TSLA pic.twitter.com/zgZZcw8e6p — Reuters (@Reuters) December 25, 2022 (Soci...

Good customer engagement is defined by experiences that allow users to solve problems, address challenges, and achieve their goals in a way that feels natural, easily and efficiently. In the auto finance sector, better engagement means using automation to help lenders book more deals and better serve their customers in a challenging business environment. It also includes creating customer support solutions that are user-friendly and robust enough to add value to applicants’ journeys, making new vehicle financing and purchases more seamless, secure and simple. Developing this type of solution requires a customer-centric mindset. Effective services and tools must be designed with the end user in mind, removing as much friction and extra steps from the origination, underwriting, and loan management processes as possible. Improving CX So what is the driving force behind providing excellent service? customer experience come from? What drives customer-focused solutions?A key foundation...

Stocks of electric car manufacturers Tesla It fell almost 9% on Thursday as analysts grew more uncertain about the company’s outlook. The stock is down about 70% year-to-date. After Wednesday’s bell, Canaccord Genuity lowered the automaker’s price target from $304 to $275, citing a “universally bad” public opinion and a “disturbed” shareholder base. “Elon Musk is doing Elon Musk’s thing,” writes Canaccord’s George Gianalicus. “There’s some Twitter-related drama in this, but a lot of it isn’t.” Related investment news Meanwhile, Tesla began offering a $7,500 discount on select expensive electric vehicles in the U.S. on Thursday, doubling its previous incentives to encourage deliveries to customers.It’s also in Canada and Mexico. We offer credit.Tesla car price cuts in china in October. Price cuts for Tesla’s Model 3 sedan and Model Y crossover are seen as a sign of weakening demand. The company also tried to boost sales and deliveries by offering 10,000 free...

Sorry if this starts to sound like a broken record, but Ford is raising the price of the F-150 Lightning again. Believe it or not, the F-150 Lightning was priced at just $42,000 when it was introduced. But those days are long gone as Lightning now starts at $57,869 (price includes destination) after the latest price change. That’s nearly $16,000 more for him than the starting price when the electric truck first came out. The numbers above are for the base Pro Trim, but they’re not the only model in the lineup to be affected by the price increase. XLT trim Currently costs $65,369 , up from $61,269, with extended range trim prices up $100 to $82,869. The Lariat with the standard-range battery pack also went up $100 to $76,369, while the extended-range model actually dropped in price to $87,219. $98,319. Recent price increases have made Lightning from a worthy option to a competitive price. Lightning’s most obvious competitors are: Rivian R1T start from $73,000 . from now on Chevrolet...

A trio of Chevrolet race cars were recently captured in a video posted to YouTube during a test at Sebring International Raceway. corvette blogger . In the video Number 3 Corvette C8.R Finished 3rd in the 2022 IMSA GTD Pro Championship with new 2024 Corvette Z06 GT3.R Also featured is the NASCAR Cup Series Camaro, which Hendrick Motorsports is gearing up for next year’s 24 Hours of Le Mans. 2024 Chevrolet Corvette Z06 GT3.R Race Car based on C8 Corvette Z06 A road car, the Z06 GT3.R will replace the C8.R in IMSA competition starting at Rolex 24 at Daytona in 2024 and will be available to customer teams. This change is the result of a rule restructuring by IMSA to address growing interest in the GTLM class for which C8.R was designed. IMSA is now using the world-famous GT3 class as the base for its production-based top class racers, forcing Chevrolet to switch to his GT3.R. The Z06 GT3.R is expected to use a version of the Z06 road car’s naturally aspirated flat-plane crank LT6 ...