Just So You Know! Government Incentives Are Underwriting the Electric Trucks Industry
May 21, 2024
Government regulations are accelerating the adoption of electric vehicles into fleets across the nation. The U.S. federal government's Inflation Reduction Act (IRA) is providing up to $40,000 per vehicle in tax incentives to buyers or lessors of commercial electric vehicles; either 30% of the original purchase price of ... Continue reading
May 21, 2024
4,000 binding pre-orders from customers including Bimbo Bakeries USA; the world's largest RV manufacturer, THOR Industries; postal service operator, Mail Management Services; leading North American commercial vehicle dealers; and more. Harbinger formally announces it raised one of the hardware industry's largest-ever S ... Continue reading
Carmakers Grossed Over $20 Trillion in the Past Decade, more than China`s GDP
May 21, 2024
Carmakers Grossed Over $20 Trillion in the Past Decade, more than China`s GDP Rising costs, high interest rates, slow consumer spending, and supply chain disruptions have made 2024 another challenging year for the global automotive industry. But despite the fourth year of hardship, carmakers have still managed to gener ... Continue reading
Auto Insurer Digital Points Are Now Primary Driver of New Customers, J.D. Power Finds
May 21, 2024
J.D. Power 2024 U.S. Insurance Digital Experience Study,SM released today, a strong majority of auto insurance websites and apps are doing a good job delivering on foundational functional capabilities, but far fewer are delivering the type of value-added services that set them apart from the pack. ... Continue reading
May 21, 2024
Today, it is announced that AiLO has placed a 100-truck order of Nikola hydrogen fuel cell electric vehicles ("FCEVs") from Tom's Truck Centers, a member of the Nikola sales and service dealer network. ... Continue reading
Nutson's Weekly Automotive News Round-up May 12-18, 2024
May 19, 2024
Nutson's Automotive News Wrap-up: This past week's relevant, automotive news, opinions and insider back stories. ... Continue reading
KIA ANNOUNCES PRICING FOR 2025 SORENTO PHEV
May 16, 2024
Today, Kia announced pricing details for the 2025 Sorento PHEV, which receives a range of enhancements that lend the electrified SUV a more confident and modern appearance along with a newly added EX trim. Paired with a technology-rich interior, the updates aim to cater to the digital needs of today's consumers.Trim Le ... Continue reading
New Car Inventory Up 35%: Temporary Relief or New Normal for Consumers?
May 16, 2024
new-car inventory levels increased by 35% compared to 2023, indicating fewer pressures for consumers to compromise on their vehicle choices. But is this the new normal, or just a temporary reprieve? - New Car Prices: Up 30% from pre-pandemic levels, but stable month-over-month. ... Continue reading
Auto Dealer Asbury Automotive Group Increases Stock Repurchase Authorization to $400 Million
May 16, 2024
DULUTH, Ga.--Asbury Automotive Group, Inc. (the “Company”), one of the largest automotive retail and service companies in the U.S., today announced its board of directors approved an increase in the authorization of the share repurchase plan for the Company, which expands the remaining availability to $400 million. ... Continue reading
EV Purchase Consideration Ebbs While Charging Concerns Continue to Grow, J.D. Power Finds
May 16, 2024
TROY, Mich.--Consumer demand for electric vehicles (EVs) has cooled as the industry grapples with persistent growing pains, according to the J.D. Power 2024 U.S. Electric Vehicle Consideration (EVC) Study,SM released today. For the first time since the study’s inception in 2021, new-vehicle buyer consideration has dr ... Continue reading
Biden Takes Action to Protect American Workers and Businesses from China’s Unfair Trade Practices
May 15, 2024
President Biden’s economic plan is supporting investments and creating good jobs in key sectors that are vital for America’s economic future and national security. China’s unfair trade practices concerning technology transfer, intellectual property, and innovation are threatening American businesses and workers. ... Continue reading
May 15, 2024
CENTENNIAL, Colo.--Westwater Resources, Inc. (NYSE American: WWR), an energy technology and battery-grade natural graphite company (“Westwater Resources”), today acknowledged its support of the recent actions taken by the United States Trade Representative and the White House, related to electric vehicle (“EV”) ... Continue reading
2024 Path to EV Adoption Study
May 15, 2024
Many EV Skeptics will become Considerers in the next three to five years. Consideration dips, even as EV demographics shift and become more mainstream. ... Continue reading
EVgo Doubles Down on Commitment to Begin NACS Deployments in 2024
May 14, 2024
North American Charging Standard (NACS) connectors – currently in the process of being standardized as SAE J3400 – on its fast charging network later this year. As part of its commitment to serve all EVs, stations included in the roll-out will serve both CCS and NACS vehicles. ... Continue reading
Everything You Need to Know About Title Loans
May 13, 2024
Most people assume that a title loan is the same as selling your car – not true! When you take out a title loan, you are using your car as collateral for a loan amount based on the value of your car. ... Continue reading
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