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Search resuls for: "Lawrence Ulrich"


4 mentions found


☆ Hybrid Cars Enjoy a Renaissance as All-Electric Sales Slow
  + stars: | 2024-01-17 | by ( Lawrence Ulrich | ) www.nytimes.com   time to read: +1 min
As Teslas and other electric vehicles dazzled car buyers with futuristic technology and dreams of a gasoline-free future, hybrid cars began to seem like yesterday’s news. Now, a slowdown in the growth of electric car sales has led General Motors, Ford Motor and Volkswagen to walk back ambitious targets for those vehicles. “Consumers want the same experience they’ve had” with a combustion engine car, said Stephanie Valdez Streaty, director of industry insights for Cox Automotive. But hybrid sales rose even faster, up 65 percent to more than 1.2 million, lifting their market share to 8 percent from 5.5 percent, according to Edmunds. Throw in plug-in hybrids, and nearly one in 10 new cars pairs a gasoline engine with electric motors to save fuel and boost performance.
Persons: they’re, they’ve, Stephanie Valdez Streaty, Price, Cox, Edmunds Organizations: Toyota Prius, Motors, Ford Motor, Volkswagen, Cox Automotive
☆ Aston Martin Wants to Win and to Sell Cars, Too
  + stars: | 2023-07-28 | by ( Lawrence Ulrich | ) www.nytimes.com   time to read: +1 min
Auto racing has helped sell products from Budweiser to Viagra, motor oil to Martini & Rossi, and seemingly every gasoline and cigarette brand. Now, with Formula 1 making huge inroads in the United States — supercharged by the hit Netflix documentary series “Drive to Survive” — we’ll see if it can sell Aston Martins. A “Drive to Survive” camera crew trailed behind Stroll, whose son, Lance, drives one of the team’s cars that are punching above their weight. The next trick for his father is to reverse the brand’s serially shaky fortunes and get out of Ferrari’s shadow with wealthy buyers. Outside the fancy showroom, framed by one of the largest plate-glass windows in New York City, passers-by wear out smartphones taking photos of a Valkyrie AMR Pro inside, a goblin-green alien at rest.
Persons: Rossi, Lawrence, Aston Martin Organizations: Budweiser, Martini, Formula, Netflix, Aston Martins, Aston, Aston Martin Formula, AMR Locations: United States, Manhattan, York, New York City
☆ Why Car Repairs Have Become So Expensive
  + stars: | 2023-07-03 | by ( Lawrence Ulrich | ) www.nytimes.com   time to read: +1 min
New cars and trucks are packed with sensors and technology that protect and pamper drivers and passengers. But those features are also raising the cost of repairs after accidents. New sport utility vehicles and pickup trucks, including a rapidly growing number of electric models, have become so complex and luxurious that seemingly simple repairs can cost a small fortune, auto experts said. Materials designed to crumple or deform in a crash to protect pedestrians or passengers, for example, can be hard or impossible to repair. Many bumpers must be replaced after low-speed dings because the safety sensors embedded in them may no longer work properly after repairs.
Persons: Mitchell
☆ Electric Vehicle Tax Credit Rules Create ‘Chaos for Consumers’
  + stars: | 2023-04-20 | by ( Lawrence Ulrich | ) www.nytimes.com   time to read: +2 min
Even as sales of all Hyundai and Kia cars jumped in the first three months of the year, the brands’ electric vehicle sales fell more than 25 percent, according to Kelley Blue Book. Electric car sales on the whole soared to another record in the first quarter, on a pace to top one million cars in 2023, and now account for 7.2 percent of all new cars sold. The credit rules have been changing fast. In September, after the law’s passage, just 7 percent of consumers leased an electric vehicle, according to Edmunds.com. By March, leases accounted for 34 percent of the electric car market.
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