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California attorneys general and 17 other state attorneys general told federal regulators on Thursday that Hyundai and Kia vehicles are more likely to be stolen because they lack safety features that come standard in other vehicles. requested to be recalled. with Hyundai Motor Kia Corporate vehicles make up the majority of stolen vehicles in several U.S. cities, according to data from police and state officials. Most cars in recent years are equipped with industry-standard anti-theft devices, but some entry-level models from Korean automakers were not equipped with engine immobilizers or push-button igniters. hyundai The car is the largest shareholder of Kia Motors. “Kia and Hyundai’s lack of standard safety features in many of their vehicles puts vehicle owners and the public at risk,” he said, leading the state’s push for the recall. California Attorney General Rob Bonta said in a statement.The state has sent a letter of concern to the National Highway Traffic Safety Administra

As if that wasn’t enough, the supposedly retired executive has now been lured back to work at auto tech startup Propitious Technologies LLC. Propitious announced earlier this month that de Nysschen has been named CEO of Phoenix. “Responsible for articulating the vision for Propitious’ patent-pending emissions reduction technology, developing product rollout plans, securing funding to drive company growth, and negotiating with potential acquisition partners.” De Nysschen describes the new technology as an environmentally friendly alternative to the large diesel generators that keep the country’s roughly half a million refrigerated trucks cool. Simply put, it works by capturing kinetic energy. As the truck rumblings down the highway, a power-generating suspension system connected to a generator produces power for cooling. A secondary compact battery storage unit can store enough power for the night while the driver parks the truck and sleeps. That is, a power plant that harvests powe

Seoul, April 20th: Hyundai Motor announced Thursday that it will develop a lunar exploration mobility ‘Rover’ as it seeks to transform itself into a mobility solutions provider of the future. Maruti Suzuki FRONX will officially go on sale next week. Everything you need to know, from specs to safety features, is here. Last July, Hyundai Motor signed memorandums of understanding for the project with six South Korean aeronautical research institutes, including the Korea Aerospace Research Institute and the Korea Automotive Technology Research Institute, the company said in a statement. Asteroid Warning: Be aware of NASA’s announcement of two mega asteroids that will pass Earth on April 21st. Hyundai and the research institute aim to collect minerals, conduct environmental analysis, and conduct other scientific projects when the rover successfully lands on the moon’s south pole. “The creation of the Lunar Exploration Mobility Development Model not only reflects this goal, but also dem

Affordable cars are becoming a novelty with rising materials costs, inflation, and new technology added to even the cheapest new cars on the market. Many see cheap cars as nothing more than boxes on wheels, but while that has been true in the past, it is becoming increasingly less so. There are even some subcompact SUVs that have worked themselves into the mix. Still, buyers should not expect the glitz and glamour that often accompanies luxury cars. Some of the cheapest cars on sale are surprisingly well-equipped, but they are still mainly built to meet the most basic transportation needs on the market. Many take that task in stride and do their jobs incredibly well. With all of that in mind, here are the cheapest new cars you can buy in 2023. 2023 Nissan Versa Starting MSRP: $16,755 Even with its destination fee included, the Nissan Versa is the cheapest new car on sale. It is even cheaper than many used cars at less than $17,000. It surpasses both the Mitsubishi Mirage and the

Ally Financial tightened underwriting guidelines in the first quarter and slowed origination volumes as lenders prepared for a continued rise in delinquencies. Banks increased automatic pricing across all credit tiers late in Q1 compared to January 2022, interim chief financial officer brad brown said on Wednesday’s earnings call. Prices for S-tier loans have increased by 310 basis points (bps) since January 2022, while prices for A-tier loans have increased by 435 bps, according to the earnings supplement. Meanwhile, B-tier loan prices jumped 710 bps compared to January 2022. Origination volume was $9.5 billion, down 18.1% year-over-year. 11 years of quarterly records $11.6 billion 3.4% Sequential Estimated yields on loans initiated in the first quarter were 10.9%, up from 9.6% in the previous quarter and 7.1% a year ago, according to the earnings supplement. Loan approval rates decreased from 33% of 2.9 million applications in Q4 2022 and 34% of 3.2 million applications in Q1

These days, team owner Michael Andretti is far more comfortable sitting in front of the media than he ever was as a driver, but still, it’s not his favourite activity. So it was a pleasant surprise to see him twice visit the Long Beach media centre last weekend. But he had good reason: at this venue where he scored his first Indy car win (1986) and his 42nd and final win (2002), he saw three of his drivers finish qualifying in first, third and seventh. The next day, in the race, they were 1-2-4. Mixed in with the pleasure was the satisfaction of knowing that Andretti Autosport’s form in St. Petersburg (first, second and sixth on the grid) had not been deceptive. The majority of IndyCar drivers and race engineers will tell you St. Pete and Long Beach are disparate in terms of corners, curbs and track surface, despite both being classified as street courses. But this year, at least, Andretti was the fastest team at both. Yet for Andretti, who among the current IndyCar team owners has

Swedish electric car maker Einride will supply two of its heavy-duty trucks to PepsiCo as part of its expansion into the UK. Einride Swedish electric car maker Einride pepsico Supplying electric trucks to transport Walkers chips in the UK This is Einride’s first foray into the UK market, with two of its electric semi-trucks being sold to PepsiCo to transport goods from July, the company said. The deal gives Einride a foothold in the UK while furthering PepsiCo’s goal of decarbonizing its fleet business. Stockholm-based Einride was founded in 2016. The aim is to replace the diesel engines that dominate the heavy lift business with electric and, eventually, self-driving trucks. Appliance company GE Appliances Started testing Einride vehicles In October 2022, there will be no safety drivers on public roads in the United States. Einride said the UK vehicles will be driven by human operators. Einride’s vehicles will compete with Tesla, which has its own line of semi-heavy du