In September 2020, Hindenburg Research released its report on Nikola, saying it was “an intricate fraud.” The company acknowledged a truck appearing to cruise down a desert road under its own power in a video was not. The SEC launched an inquiry. Ultimately, Trevor Milton, Nikola’s founder, was convicted of fraud. Nikola settled with the…
How far behind the industry is the labor rate
Image credit: Depositphotos. com Automotive aftermarket service and repair shops are charging at least $100 an hour less than they should be, industry experts recently argued. A recent report from AutoLeap, a shop management software company, reported that the average shop surveyed charges $120 per hour for labour, and figures fluctuate depending on the kind…
Tesla finally gets buttons and physical inputs, thanks to a new smart accessory
Tesla, which is known for its touchscreen-based user interface, is finally getting some buttons and physical inputs, thanks to a new smart accessory. Love or hate Tesla, it’s hard to argue that it doesn’t have the best user interface in the auto industry. It’s miles ahead of other automakers; as such, most of them are…
How to Take Care of Your Newly Replaced Windshield
Knowing what you need to do to take care of a windshield that has recently been replaced is the first step in maintaining your investment. Be sure to keep your new windshield in good condition and make sure it will last as long as possible by using the tips and information found here after installation….
What Is Diesel Exhaust Fluid and What Does It Do?
If you own a diesel vehicle, you may have heard the term “diesel exhaust fluid” thrown around in mechanics’ garages. But do you know what DEF is and how it impacts your driving experience? Diesel exhaust fluid (DEF) is a critical component of modern engine technology, helping to reduce emissions and improve fuel efficiency. In…
These Automakers Can’t Quite Hold Onto Their First-Time Buyers
The back of a Ram truck is seen on a sales lot on May 23, 2017 in Miami, Florida. Some automakers are struggling to convince first-time buyers to return to the showroom, Elon Musk tested that he really believed he’d be able to take Tesla private in 2018 with some help and Audi took Nio…
Automobile stock falls 8% as promoters plan to sell stakes via Block Deal
According to a CNBC report, Mahindra & Mahindra Limited (M&M), an Indian multinational automotive manufacturing corporation that holds a 9.25% stake in Mahindra CIE announced that it is planning to sell its stake. The company announced that it will offload a 6.5% stake in Mahindra CIE via block deals on Monday. The deal size is…
This Company Wants to Change How We Buy and Sell Used Cars
Dealerships handle the vast majority of vehicle sales in the United States. That in mind, private-party purchases are an important part of the American car market, despite the lack of many security and financial services that come with dealer transactions. Caramel is striving to change that with a new e-commerce platform aimed at improving the…