Pedestrians walk past the Tesla Motors official authorized car dealer store in Hong Kong. Sopa Images | Lightrocket | Getty Images Is the first electric-vehicle recession here, or coming soon? As electric-car stocks plummeted in late 2022, the rout evoked comparisons to the dot-com stock bust two decades ago. Like …
Read More »India is starting to love electric vehicles with two wheels
Electric vehicle charging stations from Tata Power can be found on 350 of the 600 highways in India. Puneet Vikram Singh, Nature And Concept Photographer, | Moment | Getty Images When most people think about electric vehicles, they think cars. From brands like Tesla and Rivian in the United States, …
Read More »Share of car buyers with monthly payments over $1,000 hits record high
Financing a new or used car is more expensive than ever, new research shows. Amid rising interest rates and elevated auto prices, the share of new car buyers with a monthly payment of more than $1,000 jumped to a record high, according to Edmunds. The average price paid for a new …
Read More »Upstart Chinese electric car brand delivered more cars than Nio in 2022
A pink Nezha V and black Nezha U Pro electric car models are on display at a store in Shanghai on Nov. 7, 2021. Costfoto | Future Publishing | Getty Images BEIJING — Another budget-priced electric car brand is taking off in China, this time selling compact SUVs. Nezha, named …
Read More »Elon Musk tells Tesla employees to ignore stock market craziness
SpaceX owner and Tesla CEO Elon Musk speaks during a conversation with legendary game designer Todd Howard (not pictured) at the E3 gaming convention in Los Angeles, California, June 13, 2019. Mike Blake | Reuters After shares of Tesla dipped by more than 10% on Tuesday deepening a year-long selloff, …
Read More »Test driving GM, Ford and Tesla ‘hands-free’ systems
The 2023 Lincoln Corsair will offer the company’s next-generation ActiveGlide hands-free advanced driver assistance system (ADAS) for highway driving including lane-changing, in-lane positioning and predictive speed assist. Lincoln DETROIT – Letting go is hard. Even if major automakers want to make it easier. Car companies are rapidly expanding technologies that …
Read More »Here are the 10 best used cars for the money
When it comes to car buying, there may be fewer deals out there, but there is still plenty of value to be had. To that end, cost-conscious car shoppers are increasingly seeking out used vehicles in good condition. To be sure you get what you pay for, check for excess wear …
Read More »10 cars celebrities drive and their average pricing
Cars aren’t just a means of getting around town—they’re a status symbol. The most expensive car in the world as of 2019 was the Bugatti La Voiture Noire, ringing in at about $19 million. Soccer player and car collector Cristiano Ronaldo is the car’s suspected owner. That astounding price tag …
Read More »Why investors have jumped off the Carvana bandwagon
Ernie Garcia, CEO, Carvana Scott Mlyn | CNBC DETROIT – Last year, Carvana CEO and cofounder Ernie Garcia went on a victory lap. He touted the company’s “landmark” second-quarter results on Aug. 5, 2021 that included the used car retailer’s first-ever quarterly net profit. He then reminisced about the rapid …
Read More »Renault is betting the market for gasoline cars will continue to grow
Renault sees the internal combustion engine continuing to play a crucial role in its business over the coming years, according to a top executive at the French automotive giant. On Tuesday, it was announced that the Renault Group and Chinese firm Geely had signed a non-binding framework agreement to …
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