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Lexus rolls into the 2024 model year with big changes on many of its biggest models. The biggest news is the debut of the new 2024 Lexus TX three-row crossover SUV that slots in larger than the RX L but not quite as large or as truck-based as the Lexus LX. It comes with three powertrains, including two hybrid options. One size below both the TX and LX is the redesigned Lexus GX, which can also be equipped with seven seats. Consider the truck-based GX the off-road bruiser in the growing Lexus family.  Here are the other known changes and price increases for the 2024 model year.   New or redesigned 2024 Lexus models 2024 Lexus GX The redesigned three-row SUV sharing a platform with the Lexus LX grows 2.8 inches longer and 3.7 inches wider, and sports Tonka Truck design cues with big blocky ends and an off-road vibe.  Lexus ditches the V-8 in favor of a 3.4-liter twin-turbo V-6 rated at 349 hp and 479 lb-ft of torque. It has a 10-speed automatic transmission and full-time four-wh

Patrick Mahomes and Travis Kelce are investors in the Alpine Formula One team. (AP)   AUSTIN, Texas — Patrick Mahomes said he “jumped” at the the chance to invest in a Formula One team when he was asked to join a group of celebrity backers behind the Alpine team. The Kansas City Chiefs quarterback, along with Chiefs tight end Travis Kelce, golfer Rory McIlroy and former heavyweight champion boxer Anthony Joshua, were among a group of top sports names announced Tuesday as joining the Otro Capital investment. “I think everybody can see the appeal,” Mahomes said Wednesday. “I’ve been able to get to a couple of races now, seeing the environment, you see ‘Drive To Survive’ on Netflix and how competitive it is,” Mahomes said. “We were able to go to some of those races and get a little stake in the game.” The F1 season resumes this week at the United States Grand Prix in Austin. Max Verstappen and Red Bull have already clinched the driver and team championships this season. This w

Shanghai (Gasgoo)- BAIC BJEV, a new energy vehicle unit under BAIC Group, in collaboration with the Chinese power battery giant and one of its major battery suppliers, CATL, hosted an event on Tuesday to announce the application of CATL’s Shenxing battery into its vehicle models. Photo credit: BAIC BJEV As part of their strategic plan, BAIC BJEV’s premium intelligent electric vehicle brand, ARCFOX, will equip its models with CATL’s Shenxing ultra-fast charging batteries. The partnership between BAIC BJEV and CATL can be dated back to 2009. Over the years, their collaboration has been deepened, encompassing battery supply, technology development, standards setting, and after-sales services. In 2019, they jointly introduced the CTP1.0 battery product to the world, and by 2022, CATL’s first 2.2C fast-charging battery successfully landed in ARCFOX’s models. The latest collaboration can be seen as an extension of their thirteen-year-long partnership. Shenxing battery; photo credit:

“It’s hard to make money by making small EVs given the high costs of producing automobiles,” said Mazda’s chief executive Masahiro Moro.”We are looking at a segment that will appeal to would-be EV buyers.” Currently, Mazda hasn’t revealed a bigger electric model than the MX-30, which means we could see one of these new models soon if the Japanese automaker is faithful to the timeline mentioned earlier. The Japan Mobility Show will be a perfect venue for that, side-by-side with the concept that will apparently preview the next MX-5 Miata . The renowned event, formerly the Tokyo Motor Show, is happening in a few days, so we won’t have to wait too long for confirmation. https://ift.tt/MmEHgrf Mazda Has Not Given Up On Selling EVs In The US Yet Auto Updates

Third EV concept for Japan Mobility Show Show enhances social bonds through fine driving experience Nissan Motor Co. Ltd. today unveiled the Nissan Hyper Tourer, the third in its series of advanced electric-vehicle (EV) concepts that will feature at the Japan Mobility Show starting October 25. The Nissan Hyper Tourer will appear at the show in physical form. This all-electric minivan focuses on nurturing and reinforcing the bond between people as they journey together. The Nissan Hyper Tourer concept is geared toward individuals who appreciate the finer things in life and enjoy the company of friends and associates, whether on a road trip or business outing. The Nissan Hyper Tourer combines the essence of omotenashi (Japanese hospitality) with various advanced technologies, including autonomous driving. The V2X (Vehicle-to-Everything) functionality and high-capacity battery also allows electricity to be supplied to homes, stores, and offices, while traveling and on various business

Chase Auto , PNC Financial and Wells Fargo kicked off third-quarter earnings season last week with mixed results, while consumer credit availability improved in September.   Chase Auto grew its portfolio by 5.7% year over year during the quarter as originations increased 36% YoY. PNC and Wells Fargo both saw their auto portfolios decline, 0.7% and 8.4% respectively, compared with the same period last year.   Delinquency rates at Chase Auto and Wells Fargo ticked up while PNC recorded an improvement in credit performance and lowered its allowance for credit losses.   Meanwhile, consumer auto credit availability improved in September with captives loosening the most while approval rates improved and subprime market share inched up, according to Cox Automotive.    In this episode of the “Weekly Wrap,” Deputy Editor Amanda Harris and Senior Associate Editor Riley Wolfbauer discuss the top stories for the week ended Oct. 13, and what to expect in the week ahead.   Subscri

In addition to the special focus on Las Vegas, the multi-year deal covers the Austin, Miami, Montreal, Mexico City and Interlagos events. Amex will also be a supporter of the female-only F1 Academy series. The deal is the first new sports sponsorship programme in a decade for the financial services company, which has enjoyed long involvements in basketball, golf, tennis and football. Amex card members will have special benefits such as pre-sale access to tickets and additional on-site benefits at races. The company’s chief marketing officer Elizabeth Rutledge made it clear that F1’s increasing audience was what appealed. “The F1 fan base and viewership has grown exponentially over the past several years,” she said. “So we are thrilled to bring the exclusive access and unique experiences that American Express is known for to our card members and racing fans. “The addition of F1 to our global portfolio of partnerships helps us continue to create meaningful value for our customers,