Month: September 2020

Prime Automotive Group is selling dealerships and narrowing its footprint. The Westwood, Mass., dealership group — the nation’s 11th-largest new-vehicle retailer as ranked by Automotive News — and its troubled majority owner GPB Capital Holdings have shed 10 dealerships in recent months, and divestitures of three stores in the Houston market are pending. In August,
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BEIJING — Tesla Inc. is poised to start selling some Model 3 vehicles made in China equipped with cobalt-free lithium iron phosphate batteries, two people familiar with the matter said. Currently the Model 3 electric sedans made at the automaker’s Chinese plant use nickel-manganese-cobalt batteries. The starting price for the vehicle is currently 271,550 yuan
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DETROIT — Ford Motor Co. is lowering the price of its Mustang Mach-E crossover between $1,000 and $3,000, depending on the trim, as it prepares to launch the vehicle later this year. In a memo to dealers, Ford said the Premium trims will get a $3,000 price cut, with the all-wheel-drive version dropping to $50,800
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What hasn’t been negatively stated about Mercedes’ electric strategy: The EQC is only being sold at a manageable low level, other EQ models have been in the pipeline for too long. But wait! Now Mercedes is surprising us with a type of electric vehicle that Tesla does not have: the EQV based on the V-Class minivan. Of course, the Mercedes EQV is not the
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Thyssenkrupp plans to cut 800 jobs at its automotive system engineering activities. In announcing the move, the German steel supplier warned that the car market remained extremely challenging. “We don’t expect output figures in the auto industry to return to pre-crisis levels for at least two to three years,” Ingo Steinkrueger, head of Thyssenkrupp System
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If you thought the 201-horsepower Elantra N Line was the end of the performance road for Hyundai’s compact sedan, then you’d be wrong. In a video released Sunday to promote the new Elantra N TCR race car, a prototype for what’s presumably a full-fledged Elantra N is revealed at the end. The car’s development is
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The auto show shuffle continues, and Detroit may have just drawn an inside straight. As you probably heard last week, the North American International Auto Show for 2021 is moving to September. The show — a January staple that had been eclipsed by CES in Las Vegas — reinvented itself for 2020 as a June
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WASHINGTON — Fiat Chrysler Automobiles will pay a $9.5 million civil penalty to settle allegations it misled investors by not disclosing that it conducted only a limited internal review of its compliance with emissions regulations, the top U.S. securities regulator said Monday. Fiat Chrysler, which did not admit or deny wrongdoing to resolve the Securities
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What kind of car is the 2021 Chevy Trax? What does it compare to? The 2021 Trax is a small five-door hatchback with available all-wheel drive. Its rivals include the Nissan Kicks, Honda HR-V, and Buick Encore. Is the 2021 Chevy Trax a good car? Review continues below The 2021 Chevrolet Trax is short on
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PARIS — Symbio, the joint venture between Michelin and Faurecia to develop hydrogen fuel-cell powertrains, has landed a contract to supply components for PSA Group light-commercial vans.  The company already supplies fuel-cell stacks to Renault, which at the end of last year started selling electric versions of the small Kangoo and large Master vans with
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From economic stresses to increased work-from-home numbers, byproducts of the COVID-19 pandemic are giving pause to car shoppers who might otherwise consider an electric vehicle to replace their internal-combustion-engine model. But this is just a short-lived bump in the road that will be followed by a rebound in consumer interest in EVs. There are compelling
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YOKOHAMA, Japan — Infiniti’s next-generation QX60 crossover will get more muscular, premium styling that heralds a reboot for the brand. Infiniti Chairman Peyman Kargar expects next year’s arrival of the QX60 three-row midsize crossover, along with the launch of the new QX55 coupe-styled compact crossover, to stoke sales while winning new customers. “We are beginning
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Cleveland-Cliffs Inc. will buy the U.S. operations of ArcelorMittal SA for $1.4 billion in cash and shares to become the biggest flat-rolled steel producer in North America. Ohio-based Cleveland-Cliffs expects its second major deal in less than a year to boost sales to the key automotive market. Earlier this year, the global steel industry saw
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