The Biden administration is pushing hard to promote electric vehicles (EVs). From a $7.5 billion provision in the ‘Build Back Better’ bill to expand and increase charging station networks to political pressure on automakers to commit to increased production with the goal of converting 40% of car sales to EVs […]
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Amazon-backed electric car maker Rivian is seeking a valuation that would place it among the world’s most valuable automotive companies when it goes public in the coming days, according to an amended S-1 filing on Monday. Rivian said it expects to offer 135 million shares of its Class A common […]
Lean inventories at dealerships — and strong demand for pickup trucks — are forcing U.S. car buyers to drive out farther to find the car of their choice, says automotive consultancy J.D. Power. What Happened: The average number of buyers who traveled more than 50 miles to find a car grew […]
(Bloomberg) — Most Read from Bloomberg (This story was originally published on April 19, 2021. Bloomberg News is republishing our in-depth look at Evergrande’s EV business after Chairman Hui Ka Yan said he plans to pivot the property developer to new energy vehicle operations.) China Evergrande New Energy Vehicle Group […]
Used auto report company on track to double revenue as demand for cars surges. (iStock) Drivers are becoming more interested in seeing car history reports – which can help them spot mechanical problems, allow them to view performance records and also see accident history – amid a swell in demand […]
IRVINE, Calif., Sept. 1, 2021 /PRNewswire/ — Karma Automotive and the Las Vegas Raiders announced today that Karma has been named the “Official Luxury Vehicle of the Las Vegas Raiders and Allegiant Stadium.” “As one of the most prestigious franchises in not just all of professional football, but the world, the […]
Drive past any car dealership in Wisconsin — or anywhere in the country really — and you’ll notice the lots seem emptier than usual. That’s because they are. The world is in the midst of a global vehicle shortage, and Wisconsin is no exception. Auto dealers don’t have the same inventory as in the […]
Cars John Paul, AAA Northeast’s Car Doctor, answers a question from a reader who didn’t pay anything for a car that needs a lot of work. The 2007 Dodge Nitro. Dodge Q. I have a car that my brother gave me, and wanted to know if it’s worth putting money […]
Cheap used cars are vanishing. With new-car production constrained by pandemic-related parts shortages and with used-car prices soaring, more Americans are hunting everywhere for inexpensive rides. As a result, the number of vehicles available for less than $10,000 is dwindling. “I don’t know where you go for cheap transportation if […]
Car companies will be required to report crashes involving advanced driver assistance systems under new rules proposed by the US National Highway Traffic Safety Administration (NHTSA). The general order will apply to manufacturers of vehicles equipped with Level 2 driver assist systems through fully autonomous Level 5 systems, according to […]