May 15, 2023
“…The average age of a light-duty vehicle on U.S. roads rose by more than three months — the highest year-over-year increase since the Great Recession in 2008-2009 — to 12.5 years as of Jan. 1, according to a new report… Continue Reading…
April 18, 2023
“From the headlines, car buyers might think the most important force driving down the cost of electric vehicles is the $7,500 tax credit that was expanded last summer, followed by Tesla’s recent aggressive cost-cutting to gain more market share. Look… Continue Reading…
February 17, 2023
“Car insurance costs are on the rise in 2023. According to personal finance website ValuePenguin, insurance rates across the US are expected to rise by 8.4%, bringing the total average premium for full coverage to $1,780 per year. Pricier cars… Continue Reading…
January 27, 2023
“Chevron on Friday posted a record $36.5 billion profit for 2022 that was more than double year-earlier earnings, but the bottom line fell shy of Wall Street estimates, undercut by asset writedowns and rising costs. The second-largest U.S. oil producer’s… Continue Reading…
October 4, 2022
“Electric vehicle maker Rivian Automotive said Monday that it produced over 7,000 vehicles in the third quarter, its highest quarterly total to date. The company also confirmed that it remains on track to produce 25,000 vehicles in 2022. Shares of Rivian were… Continue Reading…
October 3, 2022
“DETROIT – General Motors’ third-quarter vehicle sales increased 24% compared to a year ago, when supply chain issues weighed more heavily on the company’s output. The Detroit automaker on Monday said it sold 555,580 vehicles from July through September, up from 447,000 a… Continue Reading…
September 27, 2022
“…In general, the insurance premium for new energy cars — which includes electric — is about 20% higher than it would be for comparable traditional fuel-powered cars, said Wenwen Chen, director at S&P Global Ratings, who leads the firm’s research… Continue Reading…
September 22, 2022
“Ford Motor on Monday warned investors that the company expects to incur an extra $1 billion in costs during the third quarter due to inflation and supply chain issues. Ford said supply problems have resulted in parts shortages affecting roughly 40,000… Continue Reading…
April 4, 2022
“Ford Motor’s U.S. sales of new vehicles declined 17% during the first quarter, including a 26% slide last month, as the automaker continues to battle a global shortage of semiconductor chips. The automaker on Monday reported first quarter sales of 432,132… Continue Reading…
February 18, 2022
“Renault CEO Luca de Meo said the French carmaker expects to make 300,000 fewer units in 2022 than it potentially could have as a result of the ongoing global chip shortage. Renault made 500,000 fewer cars last year as a result of… Continue Reading…
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