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Keyword: automobiles

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  • GM offering 0% financing for 7 years, deferred payments amid coronavirus outbreak

    03/23/2020 4:21:18 PM PDT · by PJ-Comix · 65 replies
    CNBC ^ | March 16, 2020 | Michael Wayland and Phil LeBeau
    General Motors and Ford Motor are offering new vehicle financing programs to spur sales amid the coronavirus outbreak, which is hurting consumer confidence and slowing dealer showroom traffic. GM, through its GM Financial arm, is offering 0% financing for seven years – two years more than recent programs – and four months deferred payments for those with A+ credit. People with a lower rating of A1 can qualify for the deferment, however not the 0% financing, the company confirmed Monday. The new programs come as many expect the COVID-19 pandemic to significantly impact U.S. auto sales. RBC Capital said Monday...
  • Court allows Tesla to clear forest for German Gigafactory

    02/20/2020 1:26:01 PM PST · by Oldeconomybuyer · 21 replies
    Reuters ^ | February 20, 2020 | by Emma Thomasson
    BERLIN - A German court ruled on Thursday that Tesla Inc can continue to clear forest near the capital Berlin to build its first European car and battery factory, in a defeat for local environmental activists. The court said in a statement it had rejected urgent applications to stop the land being cleared of trees from several environmental groups, adding its ruling was final. It had temporarily halted the tree felling earlier this month. The U.S. electric carmaker announced plans last November to build a Gigafactory in Gruenheide.
  • US tariffs on autos not mentioned in talks, EU trade chief says

    01/16/2020 9:02:19 PM PST · by Olog-hai · 2 replies
    Deutsche Welle ^ | 01.17.2020 | cw/sms (AFP, dpa)
    US threats to impose tariffs on European autos did not come up in trade talks in Washington, European Union Trade Commissioner Phil Hogan said Thursday. “It was not mentioned; it was hardly mentioned,” Hogan told reporters in the US capital. “I think it should be good news for Germany.” The Trump administration has repeatedly threatened to put tariffs on European automobiles imported into the US, citing threats to national security. But a deadline to make a decision passed last November without a comment from the White House after the EU threatened to impose retaliatory tariffs on US imports. Hogan’s remarks...
  • Shopper crushed to death by used car he was considering buying

    12/12/2019 7:58:47 AM PST · by oh8eleven · 55 replies
    NY Daily News ^ | 11 Dec 2019 | Rocco Parascandola and Thomas Tracy
    Michael Kosanovich, 21, was eyeing a 2002 Lexus at 148th St. and Foch Blvd. in South Jamaica when the owner inadvertently started the car’s remote ignition about 9:45 p.m. Saturday. The car was not in park and when the remote was triggered it lurched forward, pinning Kosanovich between the luxury car and another parked Lexus, cops said.
  • The Worst Car Ever: A Brief History of the Trabant

    11/07/2019 6:12:58 AM PST · by oh8eleven · 77 replies
    The Stream ^ | 7 November | Jon Miltimore
    In fact, a Saturn was a luxury car compared to the Worst Car Ever award-winner. That distinction goes to the Trabant, a dreadful vehicle produced from 1957 to 1990 by the former East German [i.e. Communist] car manufacturer VEB Sachsenring Automobilwerke Zwickau. Perhaps it’s no surprise that the 1957 Trabant had no tachometer, no turn signal, no seat belts or fuel gauge, no trunk liner, and used an oil/gas mix. The fact that these basic amenities were still missing when Taylor Swift was born [1989] is a bit more surprising. East Germans considered themselves lucky just to get a Trabant....
  • How Colorado’s Green Little Deal Is Set To Ruin The State Economy

    11/04/2019 9:32:53 AM PST · by george76 · 41 replies
    The Federalist ^ | NOVEMBER 4, 2019 | Jimmy Sengenberger
    Colorado Gov. Jared Polis and his merry band of Green Little Dealers offer a national alarm bell for the national Green New Deal proposal. ... Advocates for free markets, affordable energy for everyday people, and expanding our miraculous energy independence must closely watch what’s happening among the states. Case in point: Colorado’s Green Little Deal ... directly attack key industries such as coal, oil and gas, and automobiles while giving considerable power to government to regulate and transition workers, all disregarding economic realities. ... Polis has established Offices of “Just Transition” and “Future at Work.” ... The big difference between...
  • Report: All-electric Hummer revival being mulled as part of GM EV push

    10/25/2019 5:46:47 PM PDT · by 2ndDivisionVet · 13 replies
    WPDE-TV ^ | October 21, 2019 | Bengt Halvorson, special from Green Car Reports
    The idea of bringing the maligned Hummer brand back as a standalone electric-truck brand is likely to elicit quite the range of responses from longtime social- and eco-conscious car shoppers. General Motors is seriously considering that, as part of a full-size electric-truck push that will reach its full vigor in 2024 and may bring some new life to the plant that made the Chevy Volt. The potential product plans were reported Friday by Reuters, based on information from the UAW and multiple sources. GM originally gave its first hint that it was considering reviving Hummer back this past June. “I...
  • Trump tweet: "...lower the average price of a car to consumers by more than $3000"

    08/21/2019 8:32:13 AM PDT · by Dr. Sivana · 197 replies ^ | 08/21/2019 | President Donald J. Trump
    My proposal to the politically correct Automobile Companies would lower the average price of a car to consumers by more than $3000, while at the same time making the cars substantially safer. Engines would run smoother. Very little impact on the environment! Foolish executives!
  • GM, Volkswagen Say Goodbye to Hybrid Vehicles

    08/12/2019 7:35:28 AM PDT · by DUMBGRUNT · 170 replies
    WSJ ^ | 13 Aug 2019 | Mike Colias
    Toyota, Ford plan to keep hybrids as core part of their lineups, showing split in auto industry “If I had a dollar more to invest, would I spend it on a hybrid? Or would I spend it on the answer that we all know is going to happen, and get there faster and better than anybody else?” GM President Mark Reuss Last week, Continental AG , one of the world’s biggest car-parts makers, said it would cut investment in conventional engine parts because of a faster-than-expected fall in demand—yet another sign the industry is accelerating the shift to electric vehicles....
  • Wall Street wakes up to 'peak car'

    06/02/2019 7:35:37 AM PDT · by TexasKamaAina · 64 replies
    Business Insider ^ | 06/01/2019 | Jim Edwards
    For the auto business, "The pain is just beginning," according to Nomura analyst Masataka Kunugimoto and his team. "We now expect global auto demand to be down 3%," year on year, in 2019, he told clients recently. He is not alone. At bank after bank, analysts are coming round to the idea that the world may have passed "peak car," and that in the future humans will need fewer personal vehicles.
  • This Aston Martin Has Most Excellent Wheels

    05/21/2019 6:56:23 PM PDT · by ProtectOurFreedom · 47 replies
    Jalopnik ^ | 5/21/19 | Bradley Brownell
    It has been far too long since an OEM took a risk on the design of its wheels. There are only a handful of differently stylized wheels on the market today, most unfortunately featuring some variety of twist design—please pardon me while I attempt to keep my lunch down. Aston Martin’s new DBS Superleggera, inspired by 007 himself, features a striking shade of gold-tinted olive green paint and wheels meant to ape the wire spokes Bond rode on 50 years ago in On Her Majesty’s Secret Service. It has been quite a while since an OEM has released a new...
  • Tesla reports another huge quarterly loss

    04/24/2019 8:42:07 PM PDT · by Lurch Addams · 77 replies
    Wall Street Journal ^ | 4/24/2019 | Tim Higgins
    The company posted a $702 million loss attributable to common shareholders for the first quarter, slightly better than a year earlier. On an adjusted basis, the loss was $2.90 a share; analysts surveyed by FactSet were expecting a loss of $1.15 a share.
  • Someone might be vandalizing my vehicle, chronically.

    04/10/2019 7:31:07 PM PDT · by South Hawthorne · 78 replies
    The frightening brain of South Hawthorne | 04.10.19 | South Hawthorne
    So, I live in the city. And every couple of months, I’d get a slow leak in one of my tires. I figured that was normal as I work in an area with a highly unusual amount of metal shavings on the pavement. Well, last week, I had another slow leak, so I went to the tire store: “Hey! Mr. Hawthorne!” because if they had a frequent customer program, I’d have a full set of NASCAR tires. The co-owner takes a look at it and says “You’ve already got 3 patches and two nails in there. I can put another...
  • Congressmen propose more federal cash for Tesla and GM's electric vehicles

    04/10/2019 9:46:50 AM PDT · by Lurch Addams · 22 replies
    CNBC ^ | 4/10/2019 | CNBC
    A bipartisan group of lawmakers plans to introduce a bill to expand federal tax credits for buyers of electric vehicles, in what could be a boon for the growing EV market. The bill, dubbed the Driving America Forward Act, would grant each automaker a $7,000 tax credit for an additional 400,000 vehicles after it exhausts the first 200,000 vehicles eligible for tax credits. It would shorten the phase-out schedule to nine months. The credits are paid directly to consumers, who can write them off on their tax returns.
  • Subaru Recalls Cars as Some Perfumes Cause Malfunctions: Could affect up to 2.3 million vehicles

    03/01/2019 11:29:42 AM PST · by billorites · 69 replies
    Wall Street Journal ^ | March 1, 2019 | Chieko Tsuneoka
    If you drive a Subaru, you may want to avoid wearing perfume or a sweater treated with fabric softener—they could prevent the engine from starting. Subaru Corp. said Friday it plans to recall as many as 2.3 million Impreza and Forester vehicles world-wide after discovering that certain chemical compounds released by everyday products such as cosmetics, fabric softener or car polish could cause parts to malfunction. These malfunctions could affect a brake-light switch that is also involved in starting the engine or cause a vehicle-stability warning light to flash unnecessarily, the Japanese auto maker said. No accidents related to the...
  • Burnt toast could be more toxic than TRAFFIC FUMES, scientists warn

    02/17/2019 8:27:12 AM PST · by ProtectOurFreedom · 117 replies
    The Sun (UK) ^ | February 17, 2019 | Jon Rogers
    Burnt toast can expose people to more pollution than if they were standing at a busy road junction, a study has claimed. Researchers at the University of Texas at Austin found burnt toast was especially harmful and the safest way was to “go for gold” – allowing the bread to turn a light gold colour. The team of experts built a mock-up of a three-bed house and equipped it with monitors to assess how everyday activities impacted on air quality. Roasting and frying can also prove to be toxic, the research found. Researchers in the US found the least harmful...
  • Woman tries putting gas in a Tesla [YouTube video)

    12/26/2018 1:39:21 PM PST · by ETL · 30 replies
    I made the following 5 Gifs from the linked video. Audio consists mostly of the video taker (in the guy behind her) laughing.As of today, Dec 26, 2018, 1,881,565 views, 51,000+ Likes
  • Tesla: The 60 Minutes Scare

    12/10/2018 4:05:49 PM PST · by E. Pluribus Unum · 58 replies
    Seeking Alpha ^ | Dec. 10, 2018 2:30 PM ET | Bill Maurer
    Summary The 60 Minutes interview exposes some major red flags. Elon Musk has no regards for authority or consumers. Autopilot liability may be substantial moving forward. On Sunday night, CBS show 60 Minutes aired a long interview with Tesla (TSLA) CEO Elon Musk. The piece covered a lot of topics, from the Model 3's part in the company's near death, to the autopilot feature many consumers want to rely on. In the end, I encourage everyone to watch this interview, because there are several major red flags that need to be discussed. First of all, Elon Musk came right out...
  • Tesla Model 3 In Europe Will Come With A CCS Charging Port [EU standard]

    12/09/2018 12:38:56 PM PST · by SunkenCiv · 43 replies
    CleanTechnica ^ | November 14th, 2018 | Steve Hanley
    On November 14, Tesla officially unveiled its Model 3 sedan in Europe and began inviting customers on the Old Continent to place their orders for the most affordable vehicle in the company's lineup of all electric cars... left-hand-drive versions of the Model 3 are expected to be available in Europe in the first half of 2019 with right-hand-drive versions coming available in the second half of next year. That's good news, but what is really exciting for many living there is that those European-spec Model 3s will come equipped with a CCS charging port, giving Model 3 drivers many more...
  • [snip] Tesla founder 'would be interested' in taking over General Motors' idled factories

    12/07/2018 5:48:24 PM PST · by Eddie01 · 26 replies
    daily mail ^ | Dec. 7, 2018 | ANNIE PALMER
    Full Title: Could Elon Musk save the jobs of GM workers? Tesla founder 'would be interested' in taking over General Motors' idled factories Elon Musk is eyeing General Motors' once-occupied plants. The billionaire tech mogul said it's 'possible that [Tesla] would be open' to taking over automakers' old plants, such as the five factories closed by GM last month. The comments came during Musk's wide-ranging interview with CBS' '60 Minutes.' GM CEO Mary Barra announced in November that the car manufacturer would close five factories in North America and lay off some 14,700 workers as a result. Musk indicated that...