Category: Automotive Deals

New Car Deals: Is Memorial Day a Good Time to Buy a Car?

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Many companies featured on Money advertise with us. Opinions are our own, but compensation and in-depth research determine where and how companies may appear. Learn more about how we make money.Memorial Day weekend is one of several holidays the auto industry celebrates with sales and special marketing, but does that mean it’s actually a good time to shop for a new car? For similar reasons as mattress companies, department stores and other businesses, automakers and car dealerships run Memorial Day promotions aimed at increasing sales around the long weekend. It can be difficult to parse the difference between a…
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Mullen Automotive Stock: Not Worth Your Hard-Earned Money (MULN)

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Mario TamaMullen Automotive Inc. (NASDAQ: MULN) is an electric vehicle company based in Brea, California. It manufactures and distributes electric vehicles, including passenger and commercial vehicles, according to Seeking Alpha’s description. They’re also known for their solid-state polymer battery technology, which should have changed the concept of electric vehicles a few years ago, judging by articles written by previous authors. I came across this company rather by accident – one of the articles ended up in Seeking Alpha’s “Trending Analysis” section, and I decided to take a closer look. What I found surprised me, to say the least –…
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Mullen Automotive gives updates on EV deals, factories

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Mullen Automotive Inc. MULN, -15.21% gave a business update before market open Monday, with the electric vehicle maker providing details of its latest factory developments and a recently announced $15.8 million contract with MGT Lease Company. The fleet sales and leasing provider took delivery of Mullen’s EV Cargo Vans earlier this year. “The company afterward signed a vehicle purchase agreement, as announced on May 11, 2023, for 250 all-electric commercial Class 3 Cab Chassis EV Trucks,” said Mullen Automotive, in the update. “The contract is valued at $15.8 million and MGT expects to take possession of the vehicles between August…
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The green deal industrial plan and automotive sector impacts

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European automobile manufacturers have expressed concerns about the risks posed by the United States’ Inflation Reduction Act and the possibility of ‘investment leakage’ out of the European Union (EU). Also, due to the arrival of Chinese government-subsidized EV manufacturers, more and more brands like NIO, Xpeng, BYD, Byton and several Geely brands have become visible on European streets. Without stronger financial and regulatory support for nascent industries, the scale of the subsidies available in the US and China may attract green and advanced technologies at Europe’s expense – from development to production and manufacturing. The four pillars To address this…
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Chrysler Airflow EV May Not Be Built After All

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Chrysler is in direct need of new vehicles. The American automaker is hanging on by a thread with just three vehicles – the 300, Pacifica, and Pacifica Hybrid – in its lineup. When Chrysler announced plans to become an all-electric automaker by 2028, we were excited to see what Chrysler had in store. Partly because the electric revolution meant a rebirth for Chrysler and because it meant that the striking Airflow concept would actually go into production. That was Chrysler’s plan all along – the Airflow would become the brand’s first EV and mark Chrysler’s transition to an EV brand…
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Car dealerships encounter more shoppers paying cash

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“What’s causing that is that so many people have gotten sticker shock” at the interest rates available, Eleazer said. Customers are not aware of the rise in interest rates that have taken place since the first quarter of 2022. When a customer whose last loan had a 2.9 percent APR is offered 7.9 percent today, “they’re about to lose their mind,” he said. As a result, customers opt to pay cash instead. “It’ll level out,” Eleazer said. “It always says.” Interest rates today are like those before the 2008 financial crisis, he said, a point he also makes for customers.…
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Google is bringing games, YouTube, Zoom to in-car screens

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Google plans to expand the range of applications it offers in cars using its Android Automotive infotainment software – with some owners setting to gain the ability to watch YouTube videos in their cars. The technology giant says Polestar and Volvo will bring YouTube to their latest vehicles with an over-the-air update, although drivers will only be able to watch videos while they’re stationary. Also being added to the list of available apps on Android Automotive are Zoom, Microsoft Teams, and Cisco Webex – albeit in audio-only form, given most cars don’t have driver-facing cameras suitable for video conferencing. Waze…
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