Mon.Jun 10, 2024

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VW finance boss: EVs are the future, but gas isn't dead

Motor Authority

VW Group acknowledges EV sales haven't taken off as expected The conglomerate believes EVs are still the future Current realities have made VW Group refocus and reallocate a third of its R&D budget back to vehicles with gas engines The Volkswagen Group has been one of the most bullish automakers on electric vehicles, having committed only a.

Finance 288
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Canada May 2024: Hyundai (+31.7%), Volvo (+18.9%) shine, 19th consecutive positive month

Best Selling Cars Blog

Hyundai Kona sales are up 108.5% year-on-year in May. According to estimates by local consultancy DesRosiers Automotive, the Canadian new light vehicle market is up 5.7% year-on-year in May to 169,000 units, marking a 19th consecutive month of year-on-year gains. The SAAR comes in a 1.63 million units, the weakest this year so far. Among manufacturing groups still sharing monthly sales data, Hyundai-Kia fares best at +22.9% with Toyota Motor up 8.9% but Honda Canada off -14.7.

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Manual-equipped 2024 Ford Mustangs recalled for fire risk

Motor Authority

2024 Ford Mustangs equipped with a manual transmission have been recalled Affected cars have an issue with the retention of the clutch pressure line to the firewall The issue could lead to brake fluid flowing to the engine bay, or even a fire Ford has issued a recall of its latest Mustang due to the chance the transmission may fail to shift or a.

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Netherlands May 2024: Volvo up 56.7%, Kia Niro repeats at #1

Best Selling Cars Blog

The Kia Niro is the best-selling vehicle in the Netherlands again. The Dutch new car market skid a harsh -13.9% year-on-year in May to 28,361 units, meaning the year-to-date tally slips into negative at -1.2% to 158,421. Kia (-5.2%) confirms it is the new favourite of Dutch customers and falls slower than the market. Volvo (+56.7%) surges ahead to #2, a ranking it also holds YTD (+80.3%) vs. #10 over the Full Year 2023.

APR 175
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Piƫch GT electric sports car gets reboot

Motor Authority

The Piëch GT sport car will get a second shot at production The redesigned car won't launch until 2028 Former CEO of Aston Martin and Mercedes-Benz AMG, Tobias Moers, heads the operation Swiss EV startup Piëch has gone back to the drawing board for its GT sports car, which the company now aims to launch in 2028, or four years later than.

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Czechia May 2024: Toyota up 40.9%, Hyundai i30 up to #2

Best Selling Cars Blog

The Hyundai Elantra is up to a record ranking in Czechia in May. 19,736 new cars found a Czech buyer in May, a disappointing -2.8% year-on-year drop. The year-to-date volume remains in positive however at +1.9% and 96,887 sales. Local behemoth Skoda (-13.3%) struggles and falls to 32.2% share vs. 34.4% over the first five months of the year. Hyundai (+0.5%) edges into positive and scores a solid 9.7% share ahead of a euphoric Toyota (+40.9%) at 8.7% of the market.

APR 175
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Piech GT electric sports car gets reboot

Motor Authority

The Piech GT sport car will get a second shot at production The redesigned car won't launch until 2028 Former CEO of Aston Martin and Mercedes-Benz AMG, Tobias Moers, is now heading up the operation Swiss EV startup Piech has gone back to the drawing board for its GT sports car, which the company now aims to launch in 2028, or four years later.

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More Trending

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2027 Mercedes-Benz GLE-Class Coupe spied with second update

Motor Authority

Engineers from Mercedes-Benz have been spotted testing a prototype for an updated GLE-Class Coupe. It will be the second such update for the current generation of the coupe-like SUV which arrived on the market for the 2021 model year and given its first update for 2024. This second update should be introduced around 2026, meaning it will likely.

Marketing 261
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SUVs, Pickups Recalled for Stability Issue

AutoDealer Today

Chrysler models may have software flaw that disables required safety feature.

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2025 Polestar 3, Piech GT reboot: Car News Headlines

Motor Authority

The Polestar 3 starts deliveries in the U.S. this summer, and we've just spent some time behind the wheel. The electric midsize SUV brings with it clean Swedish design, seating for five, and up to 517 hp, and there's a lot more to like beyond those attributes. Piech, an electric car startup from Switzerland and founded by the son of engineering.

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Russia May 2024: Jaecoo, Belgee X50 and Changan CS55 Plus crack Top 10

Best Selling Cars Blog

Jaecoo is now among the 10 best-selling brands in Russia. 127,128 new passenger cars found a buyer in Russia in May, a 76.2% year-on-year increase just as the year-to-date volume improves 86.4% to 594,917. This shows once again that sanctions against Russia are not working anymore. Lada (+81.9%) remains the uncontested leader in the brands ranking and even manages to outpace the market to 31.5% share.

APR 147
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Max Verstappen wins wet and wild 2024 F1 Canadian Grand Prix

Motor Authority

Max Verstappen won the rain-soaked 2024 F1 Canadian Grand Prix Red Bull Racing teammate Perez along with both Ferraris and Williams cars didn't finish the race The weather was psychotic throughout the race drenching and then drying out the pavement throughout the Grand Prix On Sunday Max Verstappen won the ninth round of the 2024 Formula 1 World.

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2025 Volkswagen ID 2 will be "even better" than concept

Autocar

VW describes the ID2all as being "spacious as a Golf and as inexpensive as a Poloā€ VW confirms ID 2 remains on course for 2025, after reports said relaxed Euro 7 rules had prompted a rethink This is extremely useful if you're concerned the car has been abused, but be aware that Porsche dealerships can check it to nullify warranties and deny coverage.

Customer 144
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2025 Rivian R1T and R1S Quad-Motor acceleration: How it feels up to 130 mph

Motor Authority

The 2025 Rivian R1S and R1T quad-motor models are more powerful and quicker than before Despite being quicker the acceleration doesn't feel as violent as in the GMC Hummer EV The Rivian R1T and R1S are now the quickest SUVs and pickup trucks money can buy Rivian pegs its Quad-Motor R1 trucks at as little as 2.5 seconds to 60 mph. Yes, that’s.

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Lotus Emeya out-charges Porsche Taycan

Autocar

Dual-motor powertrain sends up to 905bhp through all four wheelsā€¦ Rapid EV records peak charging rates above 400kW and an average of 331kW The new Lotus Emeya is the fastest-charging electric production car, the brand has claimed, after it recorded a 10-80% refill in just 14 minutes. The luxury saloon reached a peak charging rate of 402kW and averaged 331kW during the test, which was completed using a 400kW DC connection.

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ID. Buzz 3D Configurator, Custom Graphics Debuts

AutoDealer Today

Wrapmate tool empowers owners to personalize the look of the all-electric vehicle with dozens of designs.

Customer 130
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Tesla stock set to drop as Elon Musk's $56 billion pay package unlikely to get approved, analyst says

Auto Blog

Filed under: Plants/Manufacturing , Car Buying , SUV , Off-Road Vehicles , Special and Limited Editions Continue reading Tesla stock set to drop as Elon Musk's $56 billion pay package unlikely to get approved, analyst says Tesla stock set to drop as Elon Musk's $56 billion pay package unlikely to get approved, analyst says originally appeared on Autoblog on Mon, 10 Jun 2024 12:20:00 EDT.

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Lexus UX

Autocar

Japanese rival to the Audi Q3 and BMW X1 has been updated with a stronger powertrain, a sharper chassis and modern tech Lexus could hardly be happier right now. Its UK sales volume is at an all-time high and the Lexus LBX has received thousands of expressions of interest, with the majority of those customers ā€˜conqueredā€™.Slight issue: the Japanese premium brand already had a hybrid small SUV priced from around Ā£30,000.

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Cadillac Design Chief Hints At Keeping Sedans Alive In The Near Future

Carscoops

Mike Simcoe, the VP of Global Design at GM says that sedans aren’t dead. He expects Cadillac to bring an electric one to the mainstream market in the future. At the same time, he called SUVs a “necessary evil.” “Sedans aren’t dead.” Those words out of the mouth of an everyday layman wouldn’t mean much considering the state of the market.

Marketing 122
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Final Fuel-Economy Rule Sets Lower Bar

AutoDealer Today

Automakers must now achieve less-ambitious average for passenger cars, light trucks.

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Majority Of Consumers Unlikely Or Very Unlikely To Buy An EV

Carscoops

A new study suggests consumers have turned their backs on EVs. A vast majority (63%) said they were “unlikely or very unlikely” to purchase an EV. While consumers seem to have cooled on EVs, they’re more open to hybrids. The electric revolution continues to hit speed bump, after speed bump, and a new survey is shining a grim light on the situation.

Bump 119
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2025 MG Cyberster: Australian orders open for electric roadster

CarExpert

Pre-orders have opened for the MG Cyberster , the brand’s first electric convertible, ahead of its Australian launch later this year. The electric droptop will arrive in Australia in the fourth quarter of 2024, and you can now register your interest for the vehicle. The company has yet to confirm pricing, other than to say the before on-road costs price will fall between $100,000 and $150,000 ā€“ making it far and away MG’s most expensive model in Australia yet.

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Porsche Shareholders Question Its EV Commitment Amid Market Slowdown

Carscoops

The carmaker wants plug-in vehicles to account for over half of its total sales next year. Porsche is readying all-electric versions of the 718 Boxster and Cayman. Shares in the German marque have lost more than a third of their value this year. Some Porsche shareholders have questioned the car manufacturer’s ambitious battery-electric vehicle plans due to a slowdown in demand in several global markets.

Marketing 119
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Volkswagen Aims to Keep Gas-Burning Engines Alive and Will Invest Billions to Do It

Automotive Addicts

Volkswagen is shifting its strategy, allocating a substantial portion of its budget initially dedicated to electric vehicles (EVs) to maintain the competitiveness of its gas and diesel engines. Out of the $193.5 billion previously set aside for electrification, one-third will now be used to enhance combustion engines. Revising EV Ambitions Once eager to surpass Tesla in the electric vehicle market, Volkswagen is now reconsidering its EV ambitions.

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2025 Ford ā€˜Capriā€™ SUV Coupe To Debut July 10, Report Says

Carscoops

New ‘Capri’ SUV will join Ford Explorer in the carmaker’s European range. Sporty SUV coupe will share the same VW MEB platform and compete with ID.5. Production at Cologne, Germany, plant starts later this year; Capri name not confirmed. Ford told its American dealers to pause EV investments last month in the face of slow demand for electric cars.

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MT reveals top dealer groups with most increased profits

Motor Trader

The just published Motor Trader Top 200 reveals the Top 30 dealers who have increased profits the most. Inchcape UK tops the bill, having added Ā£21.2m to its profits in the most recently published figures. The UK arm is being sold by Inchcape to Group 1 in a deal that is expected to get the go ahead later this year. In second place for most improved in terms of profitability was Group 1 in the UK which increased profits by Ā£16.8m year on year.

Retail 111
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Volvoā€™s Tech Troubles Return: Every EX30 Recalled Over Faulty Digital Speedos

Carscoops

Volvo is recalling every EX30 electric SUV due to a software bug affecting the digital speedometer. Over-air update will prevent glitchy China-built EVs showing a ‘test’ screen instead of the vehicle’s speed. Automaker finally began production of its larger EX90 SUV last week after delaying the launch due to another software problem.

Bump 116
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2025 GMC Terrain fully revealed in spy photos

Auto Blog

Filed under: GMC , Crossover , SUV Continue reading 2025 GMC Terrain fully revealed in spy photos 2025 GMC Terrain fully revealed in spy photos originally appeared on Autoblog on Mon, 10 Jun 2024 11:51:00 EDT. Please see our terms for use of feeds.

Term 111
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Volvo Shifting Chinese EX30 And EX90 Production To Belgium Before EU Tariffs

Carscoops

The EU is expected to slap Chinese-built EVs with tariffs of up to 30%. The EX30 and EX90 will be built at the company’s plant in Ghent, Belgium. European Commission could inform China of planned tariffs as early as this week. Volvo has started shifting production of two of its Chinese-built EVs to Europe in preparation for tariffs the EU is expected to impose on Beijing-subsidized electric vehicles.

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Scared, Tesla? First 'drive' in autonomous Mercedes prototype

Autocar

Autonomous S-Class proved capable in Beijingā€™s rush hour We take on Beijing in a self-driving S-Class, watching it take on busy intersections, lane-changes and U-turns Autocar has been able to sample Mercedes-Benz ā€™s yet to be named autonomous driving tech at the German car makerā€™s Beijing research centre, with a drive in one of a fleet of S-Class prototypes.

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Lotus Emeya Beats Electric Rivals In Charging Race, But ICE Cars Still Fill Much Faster

Carscoops

Lotus Emeya EV beat multiple other electric cars in an independent charging speed test. China-built sedan recharged from 10-80 percent in 14 minutes and reached a peak charging rate of 402kW. Emeya charged faster than other high-rate EVs like the Hyundai Ioniq 5, but still took five times as long as a combustion car would. A zero to 62 mph (100 km/h) time of less than 2.8 seconds means the Lotus Emeya is undeniably a fast car.

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Used Rover Mini 1991-2000 review

Autocar

As eager as it is charming, and fun as it is cute. But will you come to regret buying it? Despite unassisted steering, a clutch pedal that felt like it was set in concrete and rear head room so tight that the car might as well have been a two-seater, nearly 300,000 Rover Minis were produced between 1991 and 2000, with nearly five million produced throughout the car's total lifespan.People simply adored them.

Bump 110
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Hennesseyā€™s Venom F5 Carbon Series Shows Off Bumper-to-Bumper Matching Weave

Carscoops

Hennessey’s second Carbon Series Venom F5 is a master class in carbon fiber engineering and assembly. The finished car features a consistent weave pattern between all exposed panels from bumper to bumper. The Venom F5 delivers 1,817 horsepower, targets speeds over 300 mph, and boasts a price tag above $3 million. The Hennessey Venom F5 is the type of car that sounds almost impossible.

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The best cheap electric cars you would actually want to own

Autocar

EVs remain pricier than ICE equivalents, but there are more options at the affordable end of the market than ever ā€˜Cheap electric carā€™ still feels like a contradiction. In fact, ā€˜ cheap new car ā€™ can often feel like a contradiction. But while electric motoring isnā€™t coming to the masses overnight, efforts are being made to bring down the costs of electric cars.

Marketing 113
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This Is The Cleanest 2008 Spyker C8 Laviolette In Existence

Carscoops

Powering the car is an Audi-sourced 4.2-liter naturally aspirated V8. This very C8 Laviolette was displayed by Spyker at the 2009 Geneva Motor Show. The car has been owned by a U.S. enthusiast since 2020. This 2008 Spyker C8 Laviolette is thought to be the lowest-mileage example on earth and at RM Sotheby’s sales event at Monterey Car Week in August, it will cross the auction block and may sell for as much as $550,000.

Buyer 111
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Carwow reveals most profitable sub-Ā£3k auction car of May

Motor Trader

A 2008-plate BMW Z4 Coupe was the most profitable sub-Ā£3k auction car last month, says Carwow. The BMW had the highest potential profit margin at Ā£3,706. The analysis also factors in Ā£1,000 to account for condition, prep and other associated costs. Sally Foote, Carwowā€™s CCO – Sell My Car, said: ā€œItā€™s great to see a sports car topping our list of most profitable cars bought for under Ā£3,000, highlighting the diversity of the available stock.

Retail 105
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Vehicle Thefts Drop 17% In The First Quarter

Carscoops

New data from the FBI suggests there was a 17% drop in motor vehicle thefts in the first quarter. The biggest declines were seen in the Midwest as well as cities with over a million residents. While the cause of the decline is unclear, improved security measures for vulnerable vehicles might be a factor. The Federal Bureau of Investigation (FBI) has released their first quarter crime report and it suggests the United States has become significantly safer in the past year.

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