Tag: breaking auto news

LUXURY: Tesla Q1 sales more than double those of BMW

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The entire US luxury sector sales rose 23 percent to 616,970 cars and light trucks in the first quarter, outperforming the broader industry’s 8.4 percent bump. In the first quarter, BMW sales rose 12 percent, and the automaker secured a more than 14,000 vehicle advantage over No. 3 Lexuses. The Toyota luxury brand delivered 68,251 vehicles, up 6 percent from a year earlier. BMW, which commanded a 13 percent share of the luxury segment, extended its lead over German rival Mercedes-Benz with a more than 20,000-vehicle advantage. Mercedes’ sales of 61,531 were down 1.2 percent from the prior year as…
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Geely: All options on the table on Volvo AB stake

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“Anything is possible in the future,” Oscarsson said. “For the time being we have no intention to change our position in the company.” He didn’t exclude Geely taking a more active ownership role such as requesting a board seat or joining the nominee committee. Geely, which owns a web of automotive interests in Europe, controls 8.2 percent of Volvo’s share capital and 16 percent of votes. Swedish investment company Industrivarden AB is the biggest stakeholder with 27.8 percent of votes. Geely bought the stake in Volvo in 2018 from activist investor Cevian Capital AB and has viewed the holding then…
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Are You More Likely To Crack Your Windshield in Arizona?

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Arizona is known for its sunshine and heat. As a result, many vehicles succumb to the extreme temperatures with auto glass damage. In fact, drivers in Arizona are more likely than drivers in any other state to need their windshield repaired. Why does Arizona fall into first place when it comes to windshield damage? Read on to find out why and how you can minimize the impact. Four Reasons Why AZ Windshields Crack 1.The 101 This highway is known for construction and is responsible for many broken windshields in Arizona. During construction, all sorts of debris flies from the road,…
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Ford job cuts in Europe: Where the ax will fall

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A spokesperson at the automaker’s headquarters in Michigan said on Monday that discussions with the German works councils were continuing and that the company needs to be “more competitive” as it transitions to EVs. He would not comment on specific job plans. Workers were told to expect concrete numbers of job losses from the automaker in mid-February, according to Cologne’s daily paper, the Kölner Stadt-Anzeiger. Industrial action threats Ford’s plans triggered a union threat of Europewide disruption. “If negotiations between the works council and management in coming weeks do not ensure the future of workers, we will join the process.…
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CEO Edward Hightower still sees hope in the long shot of Lordstown Motors

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While success was undoubtedly a long shot, he saw a path: Minimize the need for capital, put together a team focused on R&D and technical aspects around bringing an EV to market, while partnering with a strong manufacturing company with twice the revenue of Tesla and global supply chain prowess. “I had to keep the team focused on the task at hand because we had and I believe we still have … a compelling market opportunity for this business model that we were creating.” The approach was two-pronged. The obvious part was launching the Endurance pickup to prove it could…
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Lithium iron phosphate curbs the battery gap with nickel, cobalt

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Battery expert Lukasz Bednarski, author of the 2021 book “Lithium: The Global Race for Battery Dominance and the New Energy Revolution,” believes automakers’ interest in building lower-priced EVs could be one of the drivers behind LFP’s rising popularity. “LFP provides good enough performance at a lower cost, which makes it an attractive proposition for EVs for the middle class,” he said. Bednarski added that the US Inflation Reduction Act (IRA) provides incentives “for the development of the whole battery chain (with no) preference for LFP chemistry.” Rising investment in LFP manufacturing facilities in the United States is coming not just…
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Should You Use Insurance to Replace Your Windshield: Yes or No?

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It’s likely what happened to you before: a chipped or cracked windshield. Unfortunately, this type of issue generally occurs quickly, and without any warning. In addition, chips, cracks and breaks can be big, small, easy to fix or very expensive to repair. Each situation is different and calls for a specific action. It’s important to remember that when you experience windshield damage, seek professional automotive assistance as soon as possible. Not only is it extremely unsafe for you (and others on the road) to drive a car with a windshield that has been impaired, but small chips or cracks can…
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