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☆ How the super rich ship their cars
▼ + stars: | 2024-06-05 | by ( Simon Usborne | ) edition.cnn.com time to read: +6 min

Hallworth's business, Dan Car Logistics, ships more than 100 flash cars a year. If anything, he says, the flow of wheels has reversed; he’s often transporting cars from London to Dubai for people travelling or doing business there. December was the busiest month, and the biggest destinations for cars leaving the UAE were Frankfurt, Zurich and Chicago. Some of Hallworth's clients have been put off storing cars in cities like London. “We always want the owner’s ID, the registration documents of the cars and to get a feel of the customer,” he says.

Persons: Naran, ”, Daniel Hallworth “, he’s, “, ” Dan Hallworth, Daniel Hallworth Hallworth, Hallworth, ” Mercedes, Chiron, Daniel Hallworth, “ I’ve, “ It’s, I’m Organizations: CNN, Porsche Carrera GT, Private Jets, Porsche, London Volkswagen, Dan Car Logistics, Cape Town, Samsung TV, Nissan, Bugatti, London . Newspapers, Police, Etihad Cargo, UAE, Daniel Hallworth Etihad Locations: Zimbabwe, Dubai, London, Los Angeles and New York, Emirates, hatchbacks, Cape, Manchester, England, East, Harrods, Los Angeles, Marbella, Spain, Qatari, Heathrow, Abu Dhabi, Frankfurt, Zurich, Chicago

☆ This Memorial Day kicks off a buyer’s market for new cars
▼ + stars: | 2024-05-24 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +5 min

CNN —Memorial Day weekend is shaping up to offer some of the best deals on new cars in years. The new car market is finally a buyer’s market again. The Volkswagen ID.4 and Kia Niro EV, for instance, are selling at average discounts of more than 13%, according to Edmunds.com. Vehicles from the outgoing 2023 model year now account for 6.8% of all new vehicles on dealers’ lots, according to Edmunds.com. Dealers for Stellantis brands – Dodge, Chrysler, Jeep and Ram – are offering the biggest discounts, according to Edmunds.com.

Persons: Covid, Cox, ”, Eric Barbosa, we’ve, “, Barbosa, –, Ram –, Edmunds, Ivan Drury, Brian Finkelmeyer, Brian Moody, Kelley Organizations: CNN, Toyota, Ford, Ford Bronco, Cox Automotive, GMC, Volkswagen, Kia Niro, Cavender Auto Group, Vehicles, Dealers, – Dodge, Chrysler, Jeep, Dodge, Lincoln Nautilus, Consumers, Honda, Kia, Autotrader Locations: San Antonio , Texas, Edmunds

☆ G.M. Will Retire the Chevrolet Malibu to Make More Electric Cars
▼ + stars: | 2024-05-08 | by ( Neal E. Boudette | More About Neal E. Boudette | ) www.nytimes.com time to read: +1 min

General Motors said on Wednesday that it would stop making the Chevrolet Malibu, the last affordable sedan in its U.S. model lineup and a venerable nameplate that was introduced in the 1960s when the company was a dominant force in the U.S. economy. For years, American drivers have been gravitating toward sport utility vehicles and away from sedans, compacts and hatchbacks. G.M.’s two Detroit rivals, Stellantis and Ford Motor, have also largely wiped their slates clean of cars in the United States. Last month, Subaru, a Japanese automaker, said it would stop making its Legacy sedan next year. produces the Malibu at a plant in Fairfax, Kan., and will continue to manufacture the car until later this year, when it plans to retool the factory to make a new version of the Chevrolet Bolt, an electric car, and the Cadillac XT4, a luxury S.U.V.

Persons: Motors, Chevrolet Organizations: Chevrolet Malibu, Detroit, Ford Motor, Foreign, Toyota, Honda, Hyundai, Toyota Camry, Honda Accord, Subaru Locations: U.S, United States, Japanese, Fairfax, Kan

☆ Whatever happened to the two-door car?
▼ + stars: | 2024-04-20 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +6 min

There are still two-door cars today, of course, but they’re almost all high-performance sports cars not intended for comfortable cruising. For car designers, two-door models can offer more striking proportions to play with, long hoods that evoke power and tapered, aerodynamic back ends. Today, it’s rare to see a two-door car that isn’t a performance model like the Mustang or Corvette. Today, if you have a two-door car and you have kids, you also have a backache. While some two-door cars used to be bargain items – the cheapest entry-level cars were almost always two-door hatchbacks – today two-door models are seen mostly in European luxury car showrooms.

Persons: Ricardo Montalbán, Brian Rabold, Bob D'Olivo, ”, Kevin Kirbitz, who’s, “, Rabold, ” Rabold, Scott Krugger, Kia Rio, You’ve, Gorden Wagener Organizations: CNN, Chrysler, Network, Riviera, GM, Ford Thunderbird, Chevrolet Corvette, Thunderbird, Ford, Stellantis’s Dodge, Nissan, Cox Automotive, BMW, Audi, Mercedes, Benz, American Mercedes Locations: Chrysler Cordoba, Cordoba, United States, American

☆ What Happened When a German Car Factory Went All Electric
▼ + stars: | 2024-04-09 | by ( Jack Ewing | ) www.nytimes.com time to read: 1 min

So when Volkswagen announced in 2018 that it would convert its Zwickau factory, the largest private employer in the area, to manufacture nothing but electric vehicles, it was a big deal. “A lot of people were skeptical,” said Michael Fuchs, who has worked at the factory for more than a quarter century. They wondered, “What’s going to happen?” he said. Volkswagen shut down assembly lines churning out its popular Golf hatchbacks and converted the factory, which has its own exit on the autobahn, to make six electric models. The remodeled plant can produce a car a minute, shipping them out by train.

Persons: Horch, ”, Michael Fuchs, “ What’s Organizations: Volkswagen Locations: Zwickau, Germany’s, Detroit

☆ Remembering Marcello Gandini, designer of the world’s most famous supercar
▼ + stars: | 2024-03-16 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

CNN —Look at almost any modern high-horsepower supercar and you will see the work of auto designer Marcello Gandini. Sharp lines, a low stance, doors that swing up; all were influenced by Gandini’s seminal work, the Lamborghini Countach. Gandini designed both of those cars and, if he had done nothing else, he would still be remembered. But in addition to his work for Lamborghini, Gandini produced cars for automakers including BMW, Fiat and Ferrari. The Lamborghini LP500, a first prototype for the Countach sports car, designed by by Marcello Gandini of Gruppo Bertone, circa 1972.

Persons: Marcello Gandini, Gandini’s, Lamborghini Countach, Stefano Guidi, Lamborghini Miura, Gandini, —, Miura, Lamborghini, ” Gandini, “, ” Marcello Gandini's, “ Gandini, ” Bertone, ” Organizations: CNN, Lamborghini, BMW, Fiat, Ferrari, Volkswagen Polo, Renault, Bertone, Geneva, Hulton, Museo Nazionale dell’Automobile, National Automobile Museum, Lancia, Museo Nazionale dell'Automobile, Porsche, Gooding, Co Locations: Turin, Italy, United States, Pebble Beach , California

☆ China's BYD is the world's biggest electric car maker — but it's not coming to America anytime soon
▼ + stars: | 2024-03-09 | by ( George Glover | ) www.businessinsider.com time to read: +6 min

Read previewJapanese and Korean carmakers cracked the US market long ago — but don't expect Chinese EV seller BYD to repeat that feat. Advertisement"It'd be very difficult for a Chinese EV maker to enter the US market," Seth Goldstein, an equity strategist at Morningstar, told Business Insider. The bill, a key part of US President Joe Biden's economic agenda, offers tax credits worth up to $7,500 for EV makers, excluding any "Foreign Entity of Concern." BYD isn't the only company turning its back on the US EV market. Given that EV sales growth is stalling in US, it's perhaps little wonder companies like BYD are not too bothered.

Persons: —, There's, Tesla, We're, Stella Li, BYD, Seth Goldstein, I'm, Suzuki, Jim Farley, Will Roberts, Goldstein, Roberts, Joe Biden's, Joe Biden, Demetrius Freeman, Rho Motion's Roberts, you'd, Li, carmakers Organizations: Service, Yahoo Finance, Business, Morningstar, Toyota, Motors, Nissan, Mazda, Lexus, Honda, Mitsubishi, Korea's Hyundai, Kia, North, Ford, EV, Rho, Energy, Treasury, Washington Post, Cox Automotive, Apple Locations: Korean, North America, —, China, North American, Russia, Iran, North Korea, Brazil, Thailand, Americas, Asia, South America

But Dodge CEO Tim Kuniskis said there were hints that a gas version would live on. Dodge claims the high-performance electric version is world's quickest and most powerful muscle car. The new gas-powered Charger Sixpack will look similar to the electric versions and be powered by a new 3-liter six-cylinder engine with two turbochargers. With federal tax incentives on electric vehicles, there likely will be very attractive lease payments that could sway some buyers, he said. People need choices,” he said, adding that the company could be criticized if it didn't build electric versions.

Persons: Dodge, Stellantis, Tim Kuniskis, ”, Kuniskis, he's, “ Organizations: DETROIT, Chargers, NASCAR raceway Locations: Windsor , Ontario, Florida, U.S

TOKYO (AP) — Japanese transport officials raided a Toyota-affiliated plant Tuesday after the company admitted to cheating on engine testing, as Toyota Motor Corp. reported it sold over 11 million vehicles in 2023 to retain its status as the world’s top car manufacturer. In April, a whistleblower exposed that Daihatsu Motor Corp., which makes small cars and is 100% owned by Toyota, had been cheating on its testing for decades. In 2022, Hino Motors, a truck maker that’s also part of the Toyota group, said it had systematically falsified emissions data dating back as far as 2003. But production has been halted on some of the models, including the 10 models affected by the latest cheating. Sato has acknowledged Toyota group companies need better communication and education about the importance of complying with rules.

Persons: Akio Toyoda, ” Toyoda, Toyoda, Sakichi Toyoda, Kiichiro Toyoda, Akio’s, Koji Sato, that’s, Sato, Daisuke Uchida, ” Uchida, “, ” ___ Yuri Kageyama Organizations: TOKYO, Toyota, Toyota Motor Corp, Toyota Industries Corp, Lexus, Volkswagen AG, Reporters, Daihatsu Motor Corp, Hino Motors, Nikkei, Toyota Industries, Cruiser, General Motors Co, Pontiac, Keio University Locations: Hekinan, Aichi Prefecture, Japan, Nagoya, Tokyo, Europe, East, Africa, Asia, North America, United States, California

DETROIT (AP) — Toyota is telling the owners of about 50,000 older Corolla, Corolla Matrix and RAV4 models to stop driving them because their Takata air bag inflators are at risk of exploding and hurling shrapnel. The recalled RAV4s have Takata driver's air bags while the Corolla and Matrix models have them on the passenger side. The Corolla and Matrix also are under a separate recall because their air bags can be deployed without a crash, the company said. Takata used volatile ammonium nitrate to create a small explosion to inflate air bags in a crash. The exploding air bags sent Takata of Japan into bankruptcy.

Persons: Toyota, RAV4s, Takata inflators Organizations: DETROIT, Toyota, Corolla Locations: U.S, Malaysia, Australia, Japan

☆ BYD seeks nod for $1 billion plan to build EVs and batteries in India
▼ + stars: | 2023-07-14 | by ( ) www.cnbc.com time to read: +2 min

China's BYD Co has submitted a $1 billion investment proposal to build electric vehicles and batteries in India in partnership with a local company, three people with direct knowledge of the plan told Reuters. The longer-term plan is to build a full line-up of BYD-brand EVs in India from hatchbacks to luxury models, one of the three people said. BYD, the world's largest producer of EVs and plug-in hybrid vehicles, did not immediately respond to a request for comment. If the India investment is approved, it would give BYD a presence in all major global car markets with the exception of the United States. The investment proposal also includes a plan by BYD and Megha to set up charging stations in India and build research and development and training centres, the sources said.

Persons: China's BYD, BYD, Tesla, EVs Organizations: Auto, Reuters, BYD Locations: Shenyang, Liaoning Province of China, India, Hyderabad, hatchbacks, United States

REUTERS/Nick Carey/File PhotoNEW DELHI, July 14 (Reuters) - China's BYD Co (002594.SZ) has submitted a $1 billion investment proposal to build electric cars and batteries in India in partnership with a local company, three people with direct knowledge of the plan told Reuters. The longer-term plan is to build a full line-up of BYD-brand EVs in India from hatchbacks to luxury models, one of the three people said. BYD, the world's largest producer of EVs and plug-in hybrid vehicles, did not immediately respond to a request for comment. If the India investment is approved, it would give BYD a presence in all major global car markets with the exception of the United States. The investment proposal also includes a plan by BYD and Megha to set up charging stations in India and build research and development and training centres, the sources said.

Persons: Nick Carey, BYD, Tesla, EVs, Sarita Chaganti Singh, Aditi Shah, Zoey Zhang, Shivangi Acharya, Kevin Krolicki, Jacqueline Wong Organizations: REUTERS, Reuters, BYD, Shivangi, Thomson Locations: Farnborough, Britain, DELHI, India, Hyderabad, hatchbacks, United States, New Delhi, Shanghai

☆ Get America's cheapest electric car while you still can
▼ + stars: | 2023-04-25 | by ( Tim Levin | ) www.businessinsider.com time to read: +3 min

Launched in 2016, the Bolt EV is the cheapest electric car in America. General Motors is axing the electric hatchback (and its SUV relative, the Bolt EUV) from its lineup this year, it announced Tuesday. The Chevrolet Bolt EV electric hatchback. The Bolt EV, which launched in 2016, is America's cheapest EV at $26,500 (or $19,000 after a $7,500 federal tax credit). The 2022 Chevrolet Bolt EUV.

☆ Volkswagen beats Elon Musk in the race to cheap EVs, revealing a car it plans to sell for $26,600
▼ + stars: | 2023-03-17 | by ( Tim Levin | Alexa St. John | ) www.businessinsider.com time to read: +4 min

2all concept car won't ever make its way to the US. 2all concept: a small, battery-powered hatchback that it plans to sell for 25,000 euros ($26,600) or less when it goes into production in 2026. The Volkswagen ID. Volkswagen AGMusk's complicated, yearslong journey with the $25,000 EVIn 2020, Musk promised a fully autonomous, $25,000 vehicle as battery costs came down. At Tesla's first-ever Investor Day earlier this month, which many anticipated would bring news about a sub-$30,000 model, Musk mentioned almost nothing of the sort.

☆ Driving electric SUVs from Tesla, Kia, and Hyundai showed me why the Korean brands are gaining on Elon Musk
▼ + stars: | 2023-02-18 | by ( Tim Levin | ) www.businessinsider.com time to read: +4 min

The Kia EV6 and Hyundai Ioniq 5 are some of the trendiest new electric vehicles challenging Tesla. The trendy Korean SUVs are stylish, fun, and technologically advanced — and are making trouble for Tesla's Model Y. The 2022 Hyundai Ioniq 5. The 2022 Kia EV6. The Tesla Model Y. Tim Levin/InsiderPlus, they drive greatThe Model Y accelerates like nobody's business and takes turns like a sports car.

☆ In boost for Ford and Tesla, Treasury changes EV tax rules making it easier to qualify as an SUV
▼ + stars: | 2023-02-03 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +3 min

Until now, the Treasury Department considered the Mustang Mach-E a car, not an SUV, for purposes of tax credits. The tax rules seemed to defy both common sense and what the EPA was saying. Before, the Treasury Department had been relying on vehicle definitions used by the National Highway Traffic Administration to administer Corporate Average Fuel Economy regulations. “This change will allow crossover vehicles that share similar features to be treated consistently,” the Treasury Department said in an announcement. 2023 and who didn’t qualify for a tax credit under the old rules may now qualify, Treasury said in its announcement.

☆ Tesla needs to start acting more like Toyota and GM if it really wants to win the electric car race
▼ + stars: | 2023-01-21 | by ( Tim Levin | ) www.businessinsider.com time to read: +5 min

Tesla is the world leader in electric vehicles, but it needs to diversify its lineup. If Elon Musk wants to be a top player like GM, Volkswagen, or Toyota, he needs to make cheaper cars. The Model 3, Model Y, Model S, and Model X, which cost between $44,000 and $120,000, accounted for nearly 70% of EVs sold in the US in 2022. The Model 3 and Model Y, by far Tesla's top sellers, went on sale in 2017 and 2020, respectively. Elon Musk announced plans for a $25,000 car at a Tesla event in 2020, but the car hasn't materialized.

☆ I drove electric SUVs from Kia, Hyundai, and Tesla — and I see why the Korean brands are gaining on Elon Musk
▼ + stars: | 2023-01-18 | by ( Tim Levin | ) www.businessinsider.com time to read: +4 min

☆ I've driven 15 different electric cars this year — these are the 3 I'd buy (if I was rich)
▼ + stars: | 2022-12-30 | by ( Tim Levin | ) www.businessinsider.com time to read: +5 min

My three favorites were the Hyundai Ioniq 5, Rivian R1S, and Porsche Taycan Cross Turismo. The Hyundai Ioniq 5The 2022 Hyundai Ioniq 5 Limited AWD. The Porsche Taycan Cross TurismoThe 2022 Porsche Taycan Cross Turismo Turbo S. Tim Levin/InsiderThe Taycan Cross Turismo is Porsche's totally badass electric station wagon. The Taycan Cross Turismo showed me why the German brand has been the poster child of impeccable driving dynamics for decades. The Taycan Cross Turismo starts at $97,700, $11,000 more than the regular Taycan sedan.

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