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of 2023 Ford Mustang Mach E Ford on Monday said it would reverse some of last year’s price increases for its popular electric crossover. Ford will also nearly double production of its reimagined electric pony car this year, increasing production from 78,000 to 130,000 units, a Ford spokesperson confirmed. We have not reached our Mach-E sales target, but we are on the way. A 2023 Mustang Mach-E Select with a Standard Range 70-kw battery pack drops from $900 to $45,995 (excluding destination charges), or just $600 to $48,995 with a dual motor select. Ford raised the mandatory destination fee again, in August he raised it to $200, now another $200 to $1,500. Priced at $50,995 (destination excluded) in popular premium trim with RWD and standard range battery packs, that’s a $3,980 reduction. The Premium AWD Standard Range is priced at $53,995, which is a $3,680 reduction. All of these models qualify for the new federal EV tax credit of $7,500. California Route 1 ($57,995) and GT ($6...

Mazda’s First product with new rear drive bias platform and range plug-in hybrid and straight 6 engine CX-60 SUV But it hasn’t come to America.For us, car manufacturers Three Row 2024 Mazda CX-90 . and by comparison CX-9 The new Mazda CX-90 is bigger, more powerful, more efficient and more luxurious. Longer and wider than the two-row CX-60, the CX-90 looks very similar, at least from the A-pillar onwards. The nose is long and the front wheels are far ahead of the cowl. This is, of course, to make room for a longitudinally mounted engine. The front is a bit dull, perhaps as a result of adapting Mazda’s design language to the much different front-end layout. Seen from behind the A-pillar, it’s noticeably longer, but balanced with the nose. The side window treatment is also different from its smaller siblings, with the window sills kept straight instead of sweeping back. This also keeps the rear pillars thin, presumably contributing to rearward visibility. And like all current Mazdas...

Shanghai (Gasgou)- Eastern China’s Zhejiang province is expected to produce over 1.2 million new energy vehicles (NEVs) annually by 2025, according to a document issued by the Zhejiang Provincial Development and Reform Commission on January 29. . The document outlines the action plan put forward by Zhejiang authorities for the development of the local NEV industry. Geometry E; Photo Credit: Geely’s Geometry According to the plan, the Zhejiang provincial government wants NEVs to account for more than 60% of the province’s annual vehicle output by 2025, accounting for about 10% of China’s total vehicle output. It will be significantly increased by that year. In addition, the document also highlights the goal of Zhejiang’s annual NEV export volume of over 200,000 units by 2025. Zhejiang will also vigorously promote the development of intelligent vehicles. According to the plan, his NEV and Internet companies within the ministry will develop in-vehicle operating systems, sensing an...

The first change in the reborn Alliance is to refocus partnerships on high-value projects. These projects will focus on Latin America, India and Europe and will consist of market, vehicle and technical projects. In addition to this, automakers want more initiatives that each company can participate in. First, Nissan will become a strategic shareholder in Ampere, an EV and software company founded by Renault. Just last year, the two companies announced plans to invest his $26 billion in electrical technology and build 30 new electric vehicles, which looks like a stepping stone toward that goal. The remainder of the transaction will focus on a significant restructuring of the stock. Renault and Nissan will retain 15% cross-shareholdings with lock-up and suspension obligations. This means a “stop” period that postpones the sale of shares for a period of time and protects the company from takeovers. After that, both companies will be free to exercise their voting rights up to 15%. ...

Saudi Arabia is already closely associated with Lucid Motors, but rumors late last week that the government’s Public Investment Fund would like to buy more stake in Lucid sent prices up 43%. PIF already owns more than 60% of Lucid and is committed to buying up to 100,000 EVs from automakers over the next decade. Lucid also announced that it will build a factory in Saudi Arabia. Also last week, Lucid announced that it will provide a 469-horsepower electric drive unit for all Formula E race cars this season. The EDU contains the motor, inverter, differential, and transmission and is used to obtain braking energy. Despite having huge oil reserves, Saudi Arabia is interested in electric vehicles.whether the deal canoe In the case of fleet vehicles and the Saudi Ceer, a homegrown mass-market EV due in 2025 backed by FoxConn, Saudi Arabia is in the EV game. Russid’s country ties are well-established, and rumors that the Saudi government may increase its investment in the luxury car ma...

This more powerful e-Power engine may be better suited to the US, especially if Nissan can market the e-4orce as a proprietary safety and performance technology. Engineers say the e-4orce is particularly well-suited to heavy, sluggish and difficult-to-control vehicles like crossovers. For example, Arya weighs about 2 tons. This, in addition to the additional cost, is one of the reasons Nissan has yet to introduce the e-4orce in its smaller e-Power vehicles (such as the Kicks compact crossover and Note hatchback) in Japan. In the US, the e-4orce is listed as available in a 63 kWh battery version of Ariya, with prices before shipping and handling starting at $47,190, and the 87 kWh version at $60,190. And that’s only if shoppers can get it — Nissan Stopped taking orders Deliveries of the front-wheel-drive Ariya to the United States last May began in December. By the end of 2022, Nissan had delivered only 201 of his flagship EVs. The company began delivering e-4orce-equipped Ariyas...

According to AutoForecast Solutions, even with improved microchip supplies, it will be at least months before the semiconductor shortage in the auto industry is resolved. “It takes time to get the capacity to supply vehicle production, which means we can expect a slowdown in production in the coming months,” said Sam Fiorani, vice president of global vehicle forecasts at AFS. says. Automakers are expected to pull about 2.8 million vehicles from their production schedules this year due to microchip shortages, according to AFS, which has been monitoring the impact of the supply crisis since early 2021. From production plans around the world he has 304,600 units. This figure includes about 15,900 vehicles that were cut at European factories last week. Year-to-date totals for all other regions were unchanged from the previous week. https://ift.tt/Fl9zZ5f The Latest Numbers on Auto Microchip Shortage Auto Updates

Seoul, January 28th: A lawyer in the U.S. city of Seattle has filed a lawsuit against Hyundai Motor and its affiliate Kia Motors, accusing some models of lacking anti-theft technology, the automaker said. In a lawsuit filed in federal court, Seattle City Attorney Ann Davison said automakers’ failure to install anti-theft technology in some vehicles contributed to the sharp rise in auto thefts in Seattle and beyond. claimed to be connected. BMW X1 2023: Luxury carmaker launches third generation sports activity vehicle in India. Check prices and specs. The city will see a 503% and 363% increase in thefts of Hyundai and Kia vehicles from 2021 to 2022, respectively, Yonhap reports. Hyundai-Kia Motors expressed regret over the Seattle lawsuit and apologized for the inconvenience caused to affected customers. In a statement, Hyundai Motor America said, “In response to an increase in thefts in the United States targeting our vehicles that do not have push-button ignitions and do not have...

Financial institutions can make better use of data to identify and solve internal challenges. “There is data trapped within the organization that we desperately want to unlock and make practical,” said Paul Hockel’s Vice President of Technology. Comprehensive Mechanics Information Technology Said so AFSA Vehicle Finance Conference in Dallas. Companies should identify two or three organizational issues and track data to identify where to fix, Hockel said. us air force the data was often used to identify security breaches. “It doesn’t have to be complicated from the start. Just understand what your needs are,” he said. “Fix these things and you will be better. As an organization, you will improve, you will be more efficient, you will be more profitable. Please stay away from According to Hockel, data is only as valuable as the company creates it, so it’s important to make sure it gets to the right people to act on it. “We had to understand that our information depended on whet...

A customer wearing a protective mask looks at the interior of a car for sale at a Ford Motor dealership in Colma, Calif., February 1, 2021. David Paul Morris | Bloomberg | Bloomberg | Getty Images DETROIT — as a car manufacturer Pursue profits on a par with Tesla With new electric vehicles, they face an existential problem: how best to bring franchise car dealers together in the transition to EVs. some such as general motors asking a luxury dealer to go all-in on an EV, or Get out of business. Other like ford motor Most other automakers or OEMs recognize that they need to change their sales processes to match the evolving industry, but are looking for ways to do so. Michael Alford, president of the National Auto Dealers Association, a trade group representing more than 16,000 U.S. new franchise dealers, told CNBC: “Different OEMs have different levels of engagement and intensity of engagement.” Automakers and franchise dealers have a complex relationship, and many state...

Shoppers considering buying the Volkswagen ID.4 will be disappointed to hear that the automaker is not yet accepting reservations for the electric SUV. While other automakers urge consumers to order cars amid long wait times and supply chain problems, VW is doing the opposite, asking shoppers to buy new cars at dealerships. I am asking you to find “New reservations for the ID.4 are now closed. Use our inventory tool to find and purchase an ID.4 from your preferred VW dealer,” says the ID.4 configuration on VW’s website. See Tar. VW stopped accepting reservations for the 2023 ID.4 last October, according to the VW ID Talk forum. Apparently, Volkswagen made the decision to stop taking orders for its electric SUV last year due to long wait times for the model. Volkswagen recently Reinstated the EV lease contract this month. Prior to August of last year, VW began applying his $7,500 federal EV tax credit on his ID.4 to consumers who leased electric SUVs. The lease credit is Inflation ...

We drove the 2023 Honda Pilot Trail Sport, GM announced a major investment in its next-generation V8 engine, and the 2024 Toyota Tacoma design leaked thanks to patent drawings. Here at Motor Authority, it’s the opposite week. Chasing a Jeep Wrangler up smooth, snow-covered rocks in the 2023 Honda Pilot Trail Sport. never a jeep the pilot showed me In my first stint behind the wheel, it proved more off-road capable than ever. Getting to the trailhead is no problem with the new Pilot TrailSport. of 2024 Polestar 2 Debut With longer cruising range, a rear-wheel-drive single-motor model was added to replace the front-wheel-drive model. Along with the extra range comes more power across the board, and the 2024 model is expected to arrive later this year. General Motors commits It plans to spend $845 million across four production facilities in the United States to build its next generation small block V-8 engine. Engines that appear to be for pickup trucks and SUVs should be equippe...

Considered by many to be the greatest Olympic snowboarder of all time, Shaun White has made a name for himself both on and off the slopes. Halfpipe White, his five-time Olympian and three-time Olympic gold medalist in his snowboarding career, has been almost hit-and-miss with few mistakes.The same can be said of his efforts. Off the Board: White Is Nominated Among Them Bloomberg Businessweek ‘s 100 Most Powerful and Marketable Athletes, forbes His brands, including Most Valuable Sports Brands and 30 Under 30, blank has carved a niche in the world of snowboarding, representing where luxury meets performance. Today White Space releases new limited edition snowboards created with premium retailers and experiential brands Aspen X The AspenX LE Freestyle Shaun White Pro is the first collaboration between Whitespace and AspenX. Boards will be pre-sold online in time for the 2023 X Games Aspen (1/27-1/29). Sean currently holds the world record for the most gold medals won in the X Games. T...

Toyota struggled to launch its first mass-produced electric vehicle. The vaunted leader in hybrid and efficient gas-motor powertrains, 2023 Toyota bZ4X With the exception of the Nissan Ariya, it lags behind most other brands of electric crossovers. Mass production can be tricky—at least in Toyota’s terms. The bZ4X was designed by Subaru and shares much with the 2023 Subaru Solterra, and Toyota was bearish enough about limiting production of his first EV to his 7,000 units. And when it launches in mid-2022, Recall due to falling off wheels The brand offered to buy the car back from the owner. The base single-motor model doesn’t pave the way for Toyota’s nascent bZ electric vehicle lineup. The front-wheel-drive bZ4X reminded me of first-generation compliance cars that were limited to California and other ZEV states. , feels perfunctory, so here. cool hybrid with weird duck toyota prius and us again with his RAV4 prime plug-in hybrid which is the fastest, most powerful and best RA...

mazda has dropped another teaser for the upcoming luxury SUV CX-90. This time the focus is on the interior. From what we can see, his rear wheel drive 3 train with inline 6 power looks like a gorgeous place to drive. Mazda’s latest. “Unboxing” video series , hosted by actor Hiroyuki Sanada. Of course, since this is a teaser, most of the shots feature extreme close-ups. For example, a perforated leather seat insert is more than just a strip of black fabric. You can see through the gray, reminiscent of the textiles used in nice suits. The dashboard and door panels appear to be covered in a wool-like fabric.The adjacent Brightwork is textured with lines rather than flats. The stitching on the dashboard is not a standard car pattern, but a Japanese paper binding. Everything feels luxurious. Mazda designer Koki Tsuchida also introduces the new exterior colour , Artisan Red.Much darker than the Mazda sign soul Red as we know it is mixed with black. A separate peek at the center stack ...

Shanghai (Gasgou)- Jiangxi Ganfeng Lithium Co., Ltd. (“Ganfeng Lithium”), one of the world’s leading producers of battery-grade lithium, will launch battery manufacturing projects in Chongqing and Dongguan, respectively, on January 19 announced two investment plans for The company announced at its board meeting on January 18 that its subsidiary, Ganfeng LiEnergy Co., Ltd., has signed the agreement with the Fuling district government of Chongqing, Chongqing Three Gorges Water Conservancy and Electric Power Co., Ltd., and East Shineray. Group Co., Ltd. will build a power battery base in the Fuling district. Photo credit: Ganfeng Lithium With a planned investment of 10 billion yuan ($1.475 billion), the Fuling-based project will have a production line capable of producing 24GWh of power batteries annually, including LFP batteries, ternary lithium batteries and all-solid-state batteries. included. Annual capacity to assemble 10GWh battery packs per year, and other facilities such as ...

Below you can see Crosstrek in the global market. Hopefully the US version will keep the design consistent. As for what’s under the hood, it’s a different story. In other markets, Crosstrek has a 2.0-liter naturally aspirated four-cylinder e-Boxer that makes 143 horsepower and 139 lb-ft, and a hybrid motor that makes 13 hp and 48 lb-ft. It seems highly unlikely that the US will get an e-Boxer setup. Subaru’s website says, “Sign up now to be the first to see the upgraded power, advanced technology and enhanced safety of the all-new 2024 Crosstrek.” Today, Crosstrek’s 2.0-liter base boxer engine makes 152 horsepower and the larger 2.5-liter engine makes 182 horsepower. If the 2024 model has “upgraded power,” that rules out a less powerful hybrid setup. https://ift.tt/YmPOSZE Subaru teases new 2024 Crosstrek before unveiling in Chicago Auto Updates

The Porsche Vision 357 Concept pays homage to the German automaker’s first sports car, the 356, which went into production 75 years ago in 1948. New base, but 718 Cayman GT4 RS The Vision 357 reflects the classic 356 proportions and curvaceous, smooth bodywork of the original Porsche sports car. The Vision 357 is packed with unique details, from the subtle headlight and taillight designs to the motorsport-inspired front splitter and comedic decals on the windows and side sills. Porsche loves to celebrate anniversaries. Paying homage to a vehicle or event that has faded from memory, or creating limited editions for customers who only want a particular museum piece, the homage can feel forced. But the Vision 357 concept, which was unveiled in Berlin at the Volkswagen Group’s ‘DRIVE’ forum, is truly special as it marks the 75th anniversary of the launch of Porsche’s first sports car, the iconic 356. and honors worthy ancestors. Surprisingly, for a concept car to be released in 2...

The EV leader’s results beat analysts’ expectations for earnings despite lower profit margins per vehicle. Analysts are eyeing the automaker’s gross margins following price cuts of up to 20% on some models and trims this month. The company said it had revenue of $24.32 billion for the three months ended Dec. 31, compared with the average analyst estimate of $24.16 billion, according to Reuters data. Tesla sold 405,278 units in the fourth quarter. According to Tesla, its automobile business profit margin was 25.9% in the fourth quarter, the lowest in two years. Tesla offered discounts in major markets during the quarter after strong orders allowed the company to maintain and even raise prices in recent years. CEO Elon Musk said in December that “rapid changes in interest rates” had affected the affordability of all cars. Tesla has outperformed the industry in recent years, posting record sales and profits and weathering the pandemic and global supply chain challenges better than it...

Ford is in talks with Chinese electric car maker BYD over the sale of its Saarlouis plant in Germany. wall street journal This was reported by a person familiar with the matter. ford The company will end production of the Focus compact car at the plant in 2025 as it scales back its passenger car line-up in Europe and focuses on all-electric vehicles and light commercial vehicles. Ford executives are scheduled to travel to China next week to discuss a potential sale with BYD. journal report. Negotiations are still in the preliminary stages and could eventually break down, the report said. Ford said last June that it was exploring alternatives to building vehicles at its Saarlouis plant. The factory he employs 4,600 workers. of journal Ford is also reportedly interested in about 15 potential investors, though the terms of the deal are unclear. Separately, Ford said on Tuesday it intends to decide how many cars it will produce by mid-February. Employment Cuts in Europe After an...

New Delhi, January 24th: Homegrown electric vehicle charging network startup Statiq on Tuesday announced a partnership with car-sharing marketplace Zoomcar to boost EV-based mobility in the country. Under the deal, Statiq will work with Zoomcar to enable EV owners to earn additional income by hosting on Zoomcar and sharing with guests. “This collaboration will provide the necessary impetus for the EV charging ecosystem, while at the same time increasing the popularity of EVs among non-EV owners and fostering a culture of clean mobility among the general public. It helps,” said Akshit Bansal, Co-Founder and CEO Statiq in a statement. The electric Honda Activa is confirmed to go on sale in India by March 2024. Please see here for the detail. The company said the Delhi NCR region will be the pilot for the deal, which will be expanded to other cities including Mumbai and Bangalore in due course. This will allow EV owners to list their vehicle as a host on his Zoomcar, the company said....

TD Auto Finance Representative Director and President Andrew Stuart brings extensive experience in the automotive industry to guide the team through the evolving macroeconomic environment. Andrew Stewart, President and CEO, TD Auto Stuart’s love of cars propelled him into a career in the automotive industry, where he held various roles. “I’ve done a lot of different things in the auto industry,” Stuart said. auto finance news “I often tell people, ‘I’m an inch deep and a mile wide,’ and I think that gives me great context, context, and perspective as a senior leader. We are making future decisions.” Stuart began his sales career while in college at a dealership in Nova Scotia, Canada, before becoming a finance and insurance manager.he later served as chief executive officer Bentley Motors Co., Ltd. ; Chief Operating Officer ron tonkin dealer ; President, Chief Executive Officer, Vice President, Chief Financial Officer volkswagen credit . Stuart joined TD Auto in August 2...

uber Freight lays off 150 employees. This represents approximately 3% of the segment’s total workforce. The layoffs affect the CEO of Uber Freight, the division’s digital brokerage team. Lior Long said Monday in a message seen by CNBC.they are the first layoffs 2020 and beyond the early weeks of Covid lockdown. uber launched cargo unit Back in 2017, it had the belief that it could use the same concept that underpinned the company’s ride-hailing technology to match trucking companies with laden goods. The unit reported $1.8 billion in revenue in the third quarter of 2022, up 336% year over year. “As you know, the logistics market is currently facing a number of headwinds that are not only affecting the industry as a whole, but also our customer base,” Ron told employees. We accelerated employment in certain areas and planned for different economic realities, but the amount did not materialize as expected.” Uber CEO Dara Khosrowshahi said: last week Speaking at the World Econom...