A CarMax lot holds hundreds of used cars and trucks in Gaithersburg, Md. Getty Images Consumers with good credit are buying more used vehicles, likely because used vehicles are relatively more availab...
Tag: Cars
California’s Banning Gas Cars, Half A Billion For Better Energy & Amazon’s Green Hydrogen Bet
This week’s Current Climate, which every Saturday brings you the latest news about the business of sustainability. Sign up to get it in your inbox every week. getty On Thursday, the Department of Ener...
California Approves Ban On Gas-Powered Cars By 2035
Topline The California Air Resources Board approved a highly anticipated measure Thursday that will ban the sale of new gasoline-only cars in the nation’s most populous state by 2035, marking whatR...
California bans the sale of new gas-powered cars by 2035
A charging port on a 2022 Lincoln Corsair Grand Touring plug-in hybrid vehicle during AutoMobility LA ahead of the Los Angeles Auto Show in Los Angeles, California, Nov. 18, 2021. Bing Guan | Bloomber...
California is poised to ban the sale of all new gas-powered cars by 2035 — here are 3 EV stocks that could pop if other states follow suit
California is poised to ban the sale of all new gas-powered cars by 2035 — here are 3 EV stocks that could pop if other states follow suit Whether you like electric vehicles or not, it’s hard to deny ...
Does California have enough electricity to ban gas cars? — Quartz
California will ban the sale of internal combustion engine passenger cars by 2035, officials there said on Aug. 24. The policy, coming on top of new incentives for EV buyers in the Inflation Reduction...
A Risky $3.3 Billion Bet on the Fall of Tesla and Elon Musk
Elon Musk does not like investors and financiers to bet on Tesla’s stock-market collapse. Last May, the richest man in the world attacked Bill Gates, who formerly was the richest man in the wo...
Australian bank to scrap loans for new diesel and gasoline cars
Cars and buses in Sydney, Australia, on Monday, May 25, 2020. Authorities in the country are looking to set up a National Electric Vehicle Strategy. Brendon Thorne | Bloomberg | Getty Images An Austra...
Ford Dealt a Huge Blow
The announcement no doubt resonated strongly on all floors at Ford’s (F) headquarters in Dearborn, Mich. This unexpected news has certainly taken CEO Jim Farley and his team by surprise as the...
Gasoline Prices Are Down, But There’s a Big Threat Looming
Gasoline prices fell again on Aug. 19 with the national average declining to $3.89 a gallon as crude oil prices inched slightly higher to $91.56 a barrel. The most common price is $3.49 a gallon, Pat...
Tesla Rival Fights to Survive
An electric vehicle startup whose design has drawn comparisons with the Batmobile is on the ropes, and it’s not the first time. Faraday Future Intelligent (FFIE) has already had several lives ...
Rivian Drops Cheapest Versions of Its Electric Truck and SUV Models
Electric-vehicle startup Rivian Automotive Inc. is discontinuing the cheapest versions of its pickup truck and SUV models, citing low customer demand. Eliminating the base version, dubbed the Explore ...
5 most expensive cars up for sale at Pebble Beach
1958 Maserati Source: Motorcar Studios ©2022 Courtesy of RM Sotheby’s Classic cars up for auction in Monterey, California, this week are expected to shatter records. Auction sales at the Montere...
Mr. Big Short Michael Burry Makes a Shocking Decision
It’s a puzzling decision that will shock more than one investor. But Michael Burry is accustomed to blows of brilliance. The emblematic financier, known for having bet on the collapse of subpri...
Financing pushes monthly cost of new cars to record $702
Skynesher | E+ | Getty Images Why drivers are spending more to buy a new vehicle The average new-car transaction in July was $45,869, according to the J.D. Power/LMC Automotive forecast. That’s ...
The New EV Tax Credit Won’t Cover All Teslas and Other Cars. How It Will Work.
New electric-vehicle tax credits depend on where the cars are assembled, what the EVs cost, and how much money buyers make. Stefani Reynolds/AFP/Getty Images Text size The Inflation Reduction Act shou...
George Soros Deals a Big Blow to Tesla Rival Rivian
It’s been a somewhat hectic August for Rivian (RIVN) . The startup, which is presented as one of Tesla’s (TSLA) most serious rivals in the race for electric vehicles, is currently accu...
Struggling Electric-Truck Maker Nikola Makes a Major Change
Nikola (NKLA) , the electric- and hydrogen-truck producer, is making a change and not just any change. The company, which says it is “driven to revolutionize the economic and environmental impa...
Tesla Rival Rivian is Being Held Back by a Big Problem
The quarters follow each other and look alike for Rivian (RIVN) : Does the young electric vehicle manufacturer have a future? This crucial question is often asked of any new vehicle manufacturer whe...
Inflation Reduction Act extends $7,500 tax credit for electric cars
David Madison | Photodisc | Getty Images A federal tax break that’s available to car buyers for going electric may work differently starting next year. Under the Inflation Reduction Act — which ...
Electric Vehicles Or Hydrogen Fuel Cell Cars? The Inflation Reduction Act Will Fuel Both
WASHINGTON, DC – APRIL 22: Electric vehicles are displayed before a news conference with White House … [+] Climate Adviser Gina McCarthy and U.S. Secretary of Transportation Pete Buttigieg...
These Are The Cars And SUVs Being Discontinued For 2023
The low-slung Acura NSX supercar never became a super seller, so it’s being dropped from the line … [+] for the 2023 model year. getty With the exception of the World War II era, when U.S....
Wells Fargo, digital assets are an “innovation on par with the internet, cars, and electricity”
Wells Fargo, the fourth largest bank in the U.S. by market capitalization, has released a special report entitled “Understanding Cryptocurrency,” which compares digital assets to the invention of “the...
Why an Arkansas town could provide a grim road map for America if car repos blow up
As recession worries loom over America, a debt crisis already bearing down on wage workers in northwest Arkansas could foreshadow bigger problem for a nation on high alert for a flood of car repossess...
Classic Parade Will Now Rent Out Cars for Crypto
Classic Parade – a company that rents out luxury supercars in the United Kingdom – is allowing customers to make payments with assets like bitcoin and Ethereum. Classic Parade: Rent a Supercar for Cry...
‘Savings are gonna run out’: Already battered by high inflation, Fed’s rate hike will hit lower-income and rural Americans hard
The Federal Reserve hiked its benchmark rate by 0.75 percentage points on Wednesday in an effort to temper the rising costs of consumer goods and services. While economists say raising the interest r...
Tesla Makes More Money Than GM and Ford
Tesla (TSLA) – Get Tesla Inc. Report is further tightening its grip on the U.S. auto sector. The list of trophies won by the manufacturer of premium electric vehicles continues to grow. Elon M...
Is Ford Stock Recharged or About to Run Out of Gas?
Shares of Ford (F) – Get Ford Motor Company Report are rallying about 5.5% on Thursday following better-than-expected earnings. Assuming the stock finishes higher on the day, it will mark its e...
CAR’s Sango Coin Sale Live records $1.09 million in one day –
CAR started its Sango Coin sale on Monday One day collection of the sale was recorded as $1.09 million The Sango coin, also known as the “national digital currency” of the Central African Republic, is...
Ford Bronco Engine-Failure Reports Spur Federal Safety Investigation
The top U.S. auto-safety regulator is opening an investigation into reported catastrophic engine failures with some Ford Bronco vehicles, yet another setback in the auto maker’s efforts to improve its...