ICE dominates 2025 NACTOY finals, few EVs make the cut
The finalists for North American Car, Truck and Utility Vehicle of the Year have been announced, and there are a few surprises November 21, 2024 15:18 The finalists for the 2025 North American Car, Truck and Utility Vehicle of the Year awards have been announced at the Los Angeles Auto Show. American brands are largely left out, as the only contenders are the Chevrolet Equinox EV, Ford Ranger and Ram 1500. Although the award has been focusing on electric vehicles recently, most electric vehicles did not make it to the final round of voting this year. The North American Car, Truck and Utility Vehicle of the Year Awards have announced its 2025 finalists. There are several themes this year, but the biggest winner seems to be value. Starting with North American Car of the Year, finalists include the Honda Civic Hybrid, Kia K4 and Toyota Camry. These are affordable sedans, with the K4 starting at just $21,990. The Civic Hybrid…
Ford has cut production in Capri, blaming EV weakness
Employees at Germany's Cologne plant are now working only in shifts, with the new VW ID-based Capri crossover and its boxy Explorer sibling being restricted go through Chris Chilton November 13, 2024 11:25 Ford is scaling back production of its Explorer and Capri electric vehicles in Europe just weeks after it was built. The SUV and crossover is based on Volkswagen's MEB platform but has been hit by a lack of demand for electric vehicles in Europe. Both cars are produced at the former Fiesta factory in Cologne, where workers have been told to report to work every few weeks. Ford is cutting production of its new European electric cars before most people on the continent have even seen either car on the road. Production of the long-running Fiesta is halted so Ford can repurpose its Cologne plant to build the Explorer SUV and Capri crossover, but both models are feeling the impact of the slowdown in the electric vehicle…
Lotus to cut 200 jobs in UK, but promises to keep cutting jobs
Lotus Advanced Performance's executive director also recently left the company go through Brad Anderson November 11, 2024 09:10 The British carmaker announced another round of job cuts in January. Lotus continues to develop the Emira's successor, currently known as the Type 135. The recent Theory 1 Concept previewed this next-generation model. Lotus has revealed it will cut up to 200 jobs in the UK, partly due to changes in market demand and changing market conditions. The small sports car maker confirmed the job cuts last week. It will consider redeploying some staff and intends to look at how to "retain specific skills and knowledge within the business". Read: Lotus Theory 1 concept is a 986-horsepower three-seat electric Esprit These aren't the only cuts Lotus has made recently. Layoffs were announced in July last year, and another round of employee layoffs was announced in January this year. "The latest organizational changes proposed by Lotus Cars are to ensure that the company…
Report warns thousands of people that Audi wants to cut 15% of its jobs
Production line workers should be safe, but those in "indirect" jobs face losses, German media reports go through Chris Chilton 13 hours ago Audi is considering cutting 15% of its workforce to cut costs. Volkswagen Group's premium brands will retain production jobs and cut "indirect" positions, a report said. Audi's profit fell in the third quarter and it has closed its Q8 factory in Belgium. First it was Volkswagen jobs on the front lines, and now the panic has spread to other areas of the Volkswagen Group. According to German media reports, Audi is considering laying off 15% of its employees to significantly reduce costs. News from manager magazinethe company claimed that Audi would protect the position of the production line and focus its efforts on "indirect" work such as development. mm It said it would mean 2,000 job losses, but cuts in other business units would ultimately leave 4,500 people looking for new salaries. RELATED: Audi Group third-quarter profits…
VW wants to scrap bonuses and cut wages by 10%
The German automaker has finally made its union demands public and is pushing for deep spending cuts Volkswagen eventually submitted a proposal to the IG Metall union, calling for the cancellation of some bonuses and a 10% salary cut. This contrasts with the union's demands for a 7% wage increase and the reinstatement of the terminated agreement. Volkswagen made no mention of plant closures but said it wanted "employees to help safeguard the future of the company." Volkswagen recently reported dismal third-quarter results, and now they're looking for employees to help pick up the slack. This might explode like a lead balloon because they are essentially telling IG Metall the union to fuck off. According to the automaker, the union wants a 7% wage increase and the reinstatement of the recently terminated agreement without modification. Volkswagen said it was unable to do this due to the "economic crisis in the automotive industry" and further demanded a 10% pay cut. The…
Stellantis sells Arizona test site to cut costs
Company confirms it is selling testing facility as it will "increase efficiencies" go through Brad Anderson 18 hours ago In an effort to cut costs, Stellantis decided to sell its Arizona test site. The automaker purchased the site from Ford back in 2007 and is expected to use a Toyota-owned proving ground, also in Arizona. Stellantis' Arizona proving ground purchased for $35 million. It has not yet been revealed who will purchase the facilities or at what price the transaction will be made. Nonetheless, the brand confirmed in a statement that the sale would help it "increase efficiency." READ: UAW launches 'ShitcanCarlos.com' as Italian workers strike "Stellantis will continue to look for opportunities to increase efficiency and optimize its footprint to ensure future competitiveness in today's rapidly changing global marketplace," the brand confirmed in a statement to CNBC. The plant employs 41 people, 37 of whom are hourly employees represented by the United Auto Workers (UAW) union. The automaker said…
Big tax cut or cheated? unveiling
Introduction: Capturing readers’ needs Tax season fears? you are not alone. As the deadline approaches, many people feel anxious about paperwork, deductions, and potential audits. This is a stressful time and finding the right help can make all the difference. Enter TaxSavingExperts.com, a service that promises to simplify your tax preparation and maximize your savings. One user noted, "I've saved thousands of dollars thanks to their expert advice!" But is TaxSavingExperts.com the real deal, or just another tax hype machine? Let’s take a closer look. In-depth review of TaxSavingExperts.com Services provided TaxSavingExperts.com offers a comprehensive range of services designed to meet every tax situation: Tax preparation: Professionally prepare federal and state tax returns to ensure accuracy and compliance. Tax Optimization: Strategies tailored to reduce taxable income and maximize deductions, especially for self-employed individuals and small businesses. Audit support: Provides assistance during audits to help clients navigate the complexities of Internal Revenue Service (IRS) inquiries. Unique products for different tax situations…
TVS Ronin price cut by ₹15,000: Base model now on sale
TVS Motorcycles has reduced the price of its popular TVS Ronin motorcycle by Rs 15,000 during the festive season. The price cut is applicable to the base ‘SS’ model, which now starts at Rs 1.35 lakh (ex-showroom). While the move makes the Ronin more accessible to buyers, there are no other changes to the motorcycle’s specifications or features. Notably, the price cut is limited to the base variant, providing a more affordable option for motorcycle enthusiasts. TVS Ronin New Festive Edition In addition to the price cut, TVS has also launched a special 'Festival Edition' of the TVS Ronin. This new edition comes in a striking Midnight Blue colour scheme with fluorescent green graphics, adding a fresh touch to the motorcycle. However, this edition is only available on the top-spec version of the Ronin, offering an exciting new option for premium buyers. TVS Ronin price cut official statement Vimal Sumbly, Senior Business Head, TVS Motor Company said, "TVS Ronin sets…
TVS Ronin price cut by Rs 15,000 in India; check
TVS has joined the ranks of automakers rolling out attractive offers and price cuts ahead of the festive season. The automaker has introduced a new drum brake model and reduced the price of the Raider 125 by Rs 11,000. Following this, the company has reduced the price of the Ronin by Rs 15,000. However, the price cut is only applicable to the base variant (SS), which now retails for Rs 1.35 lakh (ex-showroom). The other variants, including the DS, TD and TD Special Edition, are priced at Rs 1.57 lakh, Rs 1.67 lakh and Rs 1.73 lakh, respectively. All prices are ex-showroom. Read on to know more. Also read: The TVS Raider 125 comes with drum brakes and is more affordable, starting at Rs 84,869 TVS Ronin: Key Specifications The Ronin has an LCD instrument cluster that displays important data such as speed, engine rpm, and shift indicator. It also comes with SmartXonnect, which allows smartphones to connect via Bluetooth…
The Fed’s first rate cut since 2020 may reduce the cost of auto loans.
The Federal Reserve cut the federal funds rate for the first time in more than four years. This will reduce borrowing costs, saving car buyers money. Interest rates have been climbing for years, with the average new car loan rate at 6.84%. Car buyers are about to get some much-needed relief as the Federal Reserve announced a 50 basis point rate cut, which will bring the federal funds rate down to between 4.75% and 5%. var adpushup = window.adpushup = window.adpushup || {que:()}; adpushup.que.push(function() { if (adpushup.config.platform !== "DESKTOP"){ adpushup.triggerAd("4d84e4c9 -9937-4f84-82c0-c94544ee6f2a"); } else{ adpushup.triggerAd("6a782b01-facb-45f3-a88f-ddf1b1f97657"); } }); The Fed said in a statement that indicators point to "continued solid expansion of economic activity" and that inflation has improved, although it remains "moderately elevated." Still, they acknowledged that job growth has slowed and the unemployment rate has risen. More: Average new-car transaction price drops to $48,000, incentives keep rising Given these developments and the “uncertain” economic outlook, the Fed decided a rate…
Tata Nexon EV, Punch EV prices cut by up to Rs 3 lakh
As the festive season approaches, Tata Nexon EV, Punch EV and ICE cars get big price cutsAs part of its 'Festival of Cars' initiative, Tata Motors has announced deep discounts on its electric and combustion engine vehicles, with significant price cuts across its product portfolio. These festive offers are aimed at making Tata's range of cars, including its electric models, more affordable for more consumers.Electric car prices fallThe highlight of the scheme is the price cut of Tata Nexon EV, with a discount of up to Rs 3 lakh. The starting price of Nexon EV is now Rs 12.49 lakh (ex-showroom), which is on par with the ICE model. This move is expected to generate more interest in Tata electric vehicles during the festive season.The newly launched Tata Punch EV is also part of the discount scheme with a price cut of up to Rs 12 lakh. After the price cut, the starting price of the Punch EV is Rs…
Tata Nexon EV, Punch EV prices cut by up to Rs 3 lakh
As the festive season approaches, Tata Nexon EV, Punch EV and ICE cars get big price cutsAs part of its 'Festival of Cars' initiative, Tata Motors has announced deep discounts on its electric and combustion engine vehicles, with significant price cuts across its product portfolio. These festive offers are aimed at making Tata's range of cars, including its electric models, more affordable for more consumers.Electric car prices fallThe highlight of the scheme is the price cut of Tata Nexon EV, with a discount of up to Rs 3 lakh. The starting price of Nexon EV is now Rs 12.49 lakh (ex-showroom), which is on par with the ICE model. This move is expected to generate more interest in Tata electric vehicles during the festive season.The newly launched Tata Punch EV is also part of the discount scheme with a price cut of up to Rs 12 lakh. After the price cut, the starting price of the Punch EV is Rs…
Criminals cut electric car charging cables
Just before 2 a.m. on a cold April night, a Chevrolet Silverado pickup truck pulled up to an electric vehicle charging station at the edge of a Seattle shopping mall parking lot. Two men, one with a headlight, emerged from the vehicle. Security cameras captured them pulling out bolt cutters. One man cut several charging cables while the other loaded them onto the truck. Within two and a half minutes, they were gone.[embed]https://www.youtube.com/watch?v=71w_BY5JLhI[/embed]The scene has become part of a disturbing pattern across the country: Thieves have been targeting electric vehicle charging stations with the intent to steal cables containing copper wire. Copper prices on global markets are near record highs, meaning criminals can make more and more cash selling the material.Stolen cables often disable entire charging stations, forcing electric car owners to desperately search for available chargers. For car owners, the dilemma can be irritating and stressful. Despite widespread public concern about the scarcity of charging stations, charger failures have…
Tesla says it cut down 500,000 trees for German Gigafactory
Tesla recently received approval to expand its factory to produce up to 1 million vehicles per year. go through Brad Anderson 9 hours ago Tesla's tree felling is said to have increased carbon emissions by 13,000 tons. In May, nearly 800 protesters stormed Tesla's German factory. The company said it has replanted more than 450 football fields worth of trees. An environmental group claimed that Tesla had cut down around 500,000 trees since it began building its German Gigafactory, resulting in an increase in carbon emissions by 13,000 tonnes. In response, Tesla claimed it had planted more than 1 million trees by 2024 as part of a massive reforestation plan. Kayrros reports that Tesla cleared 813 acres of forest between 2020 and May 2023 (when construction at the site ends). This amount of deforestation is said to be equivalent to driving an internal combustion engine car for 33 million miles (53 million kilometers), or 3,000 cars in operation for a…
Mahindra XUV700 AX3, AX5 price cut
Mahindra XUV700 AX3 – Automotive SchoolAfter the price cut on the top-of-the-line AX7 and AX7 L last month, Mahindra has now also reduced the prices of some other XUV700 modelsLast month in July, Mahindra celebrated the third anniversary of the XUV700 and the 2 lakh units milestone of the SUV. As part of the celebrations, the price of the top variant was slashed by Rs 2.2 lakh. Mahindra has now introduced price cuts on select AX5 and AX3 models with immediate effect.XUV700 price cut – August 2024In the latest price cut, the XUV700 AX5 Diesel AT 7S has seen a price cut of Rs 70,000. The model is now priced at Rs 20.39 lakh. Other models that have seen price cuts include the AX5 Petrol MT 7S, AX5 Petrol MT 7S with ESP and the AX5 Diesel MT 7S.All three models are now cheaper by Rs 50,000. For the AX5 Diesel AT 5S and AX3 Diesel AT 7S, the prices…
Corvette Wheels Limited Special Compensation Program
The Split Wheels program includes the 2015 to 2019 Chevrolet Corvette Z06 and the 2017 to 2019 Corvette Grand Sport. August 12, 2024 — Cracked and bent wheels on Chevrolet Corvettes have been a problem for some owners, so GM has announced Corvette Wheels Limited Special Compensation Program. Vehicles covered by the Corvette Flat Tire Compensation Program include 2015 to 2019 Chevrolet Corvette Z06 cars and 2017 to 2019 Corvette Grand Sport cars. The program is available to former and current owners and lessees, but certain conditions must be met. You must provide documentation that the cracked or bent wheel was not caused by impact damage or road hazard damage. GM said the amount of reimbursement or other alternative remedies offered under the program depend on whether the repair or replacement was performed by a GM dealer, the type of documentation provided and when the repair or replacement occurred. Current and former Corvette owners and lessees can submit two different…
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