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☆ Ram reveals its electric truck and it looks just like the gas truck
▼ + stars: | 2023-02-13 | by ( Peter Valdes-Dapena | Cnn Business | ) edition.cnn.com time to read: +2 min

(CNN) Ram revealed the production version of its electric pickup in a Super Bowl commercial, and it turns out that it looks much like today's internal combustion powered Ram 1500 truck, instead of the futuristic concept unveiled just last month. But the Ram 1500 Rev, due out in late 2024, looks almost exactly like a gas-powered Ram 1500 pickup, except for its headlights and taillights. The Ram 1500 Revolution concept truck had an extra long cab containing a folding third row of seats, something not found in other trucks. That's a feature that will be available in General Motors' Chevrolet and GMC electric trucks which were revealed last year. The Ram 1500 Rev has distinct headlights and taillights from other Ram pickups.

☆ Ram reveals its electric truck during Super Bowl and it looks nothing like the concept
▼ + stars: | 2023-02-13 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

CNN —Ram revealed the production version of its electric pickup in a Super Bowl commercial, and it turns out that it looks much like today’s internal combustion powered Ram 1500 truck, instead of the futuristic concept unveiled just last month. But the Ram Rev, due out in late 2024, looks almost exactly like the gas-powered Ram 1500 pickup except for its headlights and taillights. The Ram 1500 Revolution concept truck offered an extra long cab containing a third row of seats, something not found in other trucks. That’s a feature that will be available in General Motors’ Chevrolet and GMC electric trucks which were revealed last year. The Ram 1500 Rev has distinct headlights and taillights from other Ram pickups.

☆ Electric Ram pickup debuts in Super Bowl ad that pokes fun at rivals, sex-drug commercials
▼ + stars: | 2023-02-12 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

Ram's 2023 Super Bowl ad debuts the production version of the Ram 1500 REV electric pickup that is expected to go on sale late-next year. DETROIT – Stellantis will air a 60-second Super Bowl ad for its Ram brand to indirectly take shots at the current all-electric vehicle market, specifically pickup trucks. "Are you excited about buying an electric vehicle but worry that it could leave you ... The ad debuts the production version of the Ram 1500 REV electric pickup that is expected to go on sale next year. Online reservations for the electric pickup, which debuted as a concept in January, also open Sunday.

☆ New cars are crazy expensive but, if you’re careful, they don’t have to be
▼ + stars: | 2023-02-11 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +7 min

Yet the average sticker for base models, adjusted for inflation, has actually gone down a little — even as consumers have shifted from sedans to more expensive SUVs. That’s good news for drivers willing to go no-frills: If you don’t want to pay lots of a new car, you don’t have to. It has a base price of $15,730. These base price models may not make much money, if any, for automakers. The average price of a GMC Sierra 2500 HD, as sold, is now double the base price.

☆ Toyota unveils new Grand Highlander, expanding hybrid crossover lineup
▼ + stars: | 2023-02-08 | by ( Michael Wayland | ) www.cnbc.com time to read: +5 min

In this article 7203.T-JP Follow your favorite stocks CREATE FREE ACCOUNT2024 Toyota Grand Highlander ToyotaCHICAGO — Toyota Motor is expanding its segment-leading, three-row crossover lineup with the new 2024 Grand Highlander, including two gas-powered hybrid offerings. The automaker revealed the vehicle as a bigger sibling to the Toyota Highlander midsize SUV/crossover on Wednesday night. The Grand Highlander adds to the growing three-row midsize crossover segment in the U.S., which has expanded from 12 nameplates in 2018 to 16 vehicles for 2023, including the Grand Highlander, Edmunds reports. 2024 Toyota Grand Highlander ToyotaThe Grand Highlander was revealed in connection to this week's Chicago Auto Show. 2024 Toyota Grand Highlander ToyotaToyota says the Grand Highlander will offer a suite of active safety and convenience features as well as 13 cupholders and seven USB-C charge ports across the vehicle's three rows.

☆ From a road-trip disaster to a face-melting rip in the world's quickest supercar, these are my biggest lessons from driving 20 electric cars
▼ + stars: | 2023-02-08 | by ( Tim Levin | ) www.businessinsider.com time to read: +6 min

I've tested 20 electric cars, SUVs, and pickup trucks from Tesla, Ford, Porsche, Polestar, and more. But electric cars are quick, convenient, fun to drive, and quiet. Hours behind the wheel taught me some important lessons about range, charging, and our electric future. Charging can be more convenient than getting gasRecharging an electric car takes a whole lot longer than filling up on gas. The best ones offer spacious interiors and clever storageToday's electric cars typically use what's known as a skateboard platform, which is basically what it sounds like.

☆ He Went Through the Fire (Two, Actually) for His Classic Chevrolet
▼ + stars: | 2023-02-04 | by ( A.J. Baime | Photographs Justin Clemons For The Wall Street Journal | ) www.wsj.com time to read: 1 min

David Graves , 66, a retired oil-field services facility manager living outside Dallas, on his 1955 Chevrolet Bel Air, as told to A.J. In May of 1955, my father, Hugh, bought a new 1955 Chevrolet, and when I was born, this was the car in which I came home from the hospital. Something must have happened during that car ride, because I have been a fan of the 1955 Chevrolet ever since.

☆ Ford Mustang Mach-E has a mile of wires it didn't need. That's a big deal
▼ + stars: | 2023-02-04 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

Ford CEO Jim Farley was rather blunt about the problems that Ford experienced as it rolled out its hot EV models, the Mustang Mach-E and the F-150 Lightning pickup. While both vehicles have a long list of waiting customers, Farley admitted that Ford encountered numerous problems with their production. They resumed last year, but GM ended up with total US EV sales of just under 40,000. In 2022 Ford’s US EV sales came to just under 62,000, roughly a tenth Tesla’s US sales that year. That means about 600,000 US Tesla sales for the year.

☆ 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.

☆ America isn’t quitting gas guzzlers yet
▼ + stars: | 2023-02-03 | by ( Jonathan Guilford | ) www.reuters.com time to read: +3 min

Ford missed its profit guidance by $1.1 billion, it said on Thursday night. It was bad enough that boss Jim Farley admitted to leaving “$2 billion in profits on the table” by mismanaging costs and supply. With EV sales under 4% of U.S. volume for both companies, the jump in profit from pricing is coming from combustion-engine sales. Detroit-based peer Ford Motor reported revenue of $44 billion for its fourth quarter on Feb. 2, 9% higher than analyst estimates. However, it recorded $10.4 billion of adjusted operating profit for the full year, below guidance of $11.5 billion.

☆ Electric cars are too expensive because Americans insist on having more car than they need
▼ + stars: | 2023-02-02 | by ( Alexa St. John | ) www.businessinsider.com time to read: +4 min

But Americans love SUVs and trucks, and they're going to have to pay for them in the near term. A lot of prospective EV buyers just haven't yet found the types of EVs they're looking for. They don't necessarily need more luxury electric sedans — they want the trucks and SUVs they're used to. A recent study found most car-buyers don't want to spend more than $50,000 to go EV, but they also want electric trucks and SUVs that inherently cost more. Bigger vehicles are often just more expensive, largely because they require bigger batteries — the most expensive part of these new EVs.

☆ Netflix to feature electric cars from GM and others in programming
▼ + stars: | 2023-02-02 | by ( ) www.reuters.com time to read: +1 min

[1/3] A Cadillac Lyriq electric vehicle (EV) under General Motors is seen during its world premiere on a media day for the Auto Shanghai show in Shanghai, China April 19, 2021. REUTERS/Aly SongLOS ANGELES, Feb 2 (Reuters) - Netflix Inc (NFLX.O) has unveiled a new star for some of its upcoming programming: electric vehicles from General Motors (GM.N) and other automakers. The streaming service announced an agreement on Thursday to feature vehicles including the Chevrolet Bolt, the electric GMC Hummer pickup and the Cadillac Lyriq in TV series and films "where relevant." Shows that will feature GM's electric vehicles include "Love is Blind," "Queer Eye" and "Unstable." Netflix productions also will include electric vehicles made by other automakers, the company said.

☆ Why Netflix is placing cars like the Chevy Bolt in its shows, and what the streamer's deal with GM means for its growing advertising business
▼ + stars: | 2023-02-02 | by ( Lucia Moses | ) www.businessinsider.com time to read: +4 min

Netflix announced a new deal to integrate GM electric vehicles into popular shows like "Love is Blind" and "Queer Eye." On a press call announcing the deal, Lee said directors and showrunners would be involved in the process and that cars would be integrated in an "authentic" way so they don't "feel out of place." Netflix has a history of placing brands like Coke and GM in shows like "Stranger Things" and "Queer Eye." Lee insisted the GM deal isn't "product placement" and that GM isn't paying to put its vehicles on shows. Terms of the deal weren't shared; GM said it wasn't part of a TV ad buy on Netflix's Basic with Ads.

☆ Deadly ice storm rages in Texas, causing travel chaos and outages
▼ + stars: | 2023-02-01 | by ( Chantal Da Silva | ) www.cnbc.com time to read: +4 min

Abbott held a meeting and news conference in preparation for the winter storm that is sweeping across portions of Texas. That evening, a 49-year-old woman died after the 1997 Chevrolet Silverado she was driving struck a tree near Eldorado, Texas, according to the Texas Department of Public Safety. Dangerous roads and flight cancellationsThe storm has caused widespread travel chaos both on the roads and at airports this week. Sweeping power outagesResidents across Texas have also faced power outages in the midst of the storm. Public Utility Commission Chairman Peter Lake told Texans to contact their local power providers if winter weather and icing conditions caused local power outages.

☆ I've tested 19 different electric cars. The technology is amazing, but you shouldn't buy one yet.
▼ + stars: | 2023-02-01 | by ( Tim Levin | ) www.businessinsider.com time to read: +5 min

Testing well over a dozen new electric cars has convinced me that I want one someday. New electric cars are too expensiveThe Tesla Model Y costs close to $70,000. Today, you can't find a used EV with more than 250 miles of EPA-rated range for less than $24,000. Tim Levin/InsiderUnderdeveloped charging infrastructure is widely cited as one of the top reasons more people don't buy more electric cars. Did you recently buy an electric car, sell one, or trade it in for a different brand?

Suppliers familiar with GM's production plans through 2025 support the notion the automaker continues to slow-walk electric vehicle investment and output while it continues to bank money from its big combustion-engine pickups and SUVs. GM on Tuesday stuck to its plan to produce a total of 400,000 electric vehicles for North America from 2022 through the first half of 2024. GM said it has secured all the battery materials it will need to build 1 million EVs a year in North America by 2025. In the short run, GM's go-slow approach could allow it to side-step the price war that Tesla launched earlier this month. The division has 90,000 reservations for the high-performance Hummer EVs and is sold out into next year, he said.

☆ Don't expect price cuts on GM's $100,000 electric Hummer, despite EV discounts from Tesla and Ford
▼ + stars: | 2023-01-31 | by ( Alexa St. John | ) www.businessinsider.com time to read: +3 min

Tesla spurred an EV price war earlier this month, with price cuts to its most popular models. But GM said Tuesday it won’t make cuts to its electric vehicles. The automaker will not be responding to the latest price cuts from Tesla and Detroit-rival Ford by cutting prices for its own electric cars, chief financial officer Paul Jacobson said on a Tuesday media call ahead of GM's fourth quarter earnings call. Facing weakening demand, Tesla slashed the prices of some of its most popular models earlier this month. GM CEO Mary Barra said Tuesday she is confident the company is well-positioned with its current EV prices.

☆ General Motors doesn’t expect significant U.S. production of EVs until second half of year
▼ + stars: | 2023-01-31 | by ( Michael Wayland | ) www.cnbc.com time to read: +4 min

Barring any supply chain problems, Betts said electric vehicles should be easier and faster to build than traditional vehicles with internal combustion engines for an experienced automaker. Photo by Steve Fecht for General MotorsBut others such as Hyundai Motor and Ford Motor have been ratcheting up production of EVs. Industry leader Tesla also targets to produce 2 million electric vehicles globally this year. Ford, which ranked second in EV sales in the U.S. last year, expects to increase production of its electric Ford F-150 Lightning. GM expects to ramp-up production of the Bolt models, which use older battery technology, to 70,000 vehicles this year, GM has said.

☆ GM smashes expectations and guides toward a strong 2023, despite margin squeeze
▼ + stars: | 2023-01-31 | by ( Michael Wayland | ) www.cnbc.com time to read: +4 min

Shares of GM rallied as much as 9.5% during trading Tuesday before closing at $39.32 a share, up by 8.4%. GM's net income slipped last year, down by less than 1% from full-year 2021 to $9.9 billion, with a profit margin that was off 1.6 percentage points to 6.3%. 2023 guidanceFor 2023, GM expects net income attributable to stockholders of between $8.7 billion and $10.1 billion. It expects adjusted earnings before interest and taxes of $10.5 billion to $12.5 billion and adjusted earnings per share of between $6 and $7. Following recent price cuts for Tesla vehicles and Ford's Mustang Mach-E crossover, Jacobson said GM feels its EVs "are well positioned" with pricing.

☆ Pickleball is tech’s hottest new club. Here’s why it’s gaining popularity in Silicon Valley.
▼ + stars: | 2023-01-30 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +4 min

I miss my South Brooklyn pickleball community, but hope to find a consistent place to play in San Diego. Maybe that officially makes me a woman in tech, because right now, it's the hottest club in the industry. I used to play tennis competitively, but I have so much more fun with pickleball. So if you work in tech, let's stop meeting over coffee and chat while dinking instead. These low barriers of entry, plus its social nature, make pickleball perfect for networking.

☆ Should you warm your car up in the winter before driving? I spoke with more than 30 mechanics and couldn't get a straight answer.
▼ + stars: | 2023-01-29 | by ( Jessica Orwig | ) www.businessinsider.com time to read: +7 min

Car manufacturers don't have consistent advice on how long you should idle your car in the cold. Generally speaking, idling your car for about 30 seconds when it's cold can help it run smoothly. Others like Ford and Chevrolet recommended idling for no more than 30 seconds after starting. How much time is where mechanics diverge on the subject, but around 30 seconds is the general consensus for modern engines. What I can say is if you idle much longer than 30-60 seconds, you're just wasting gas and money.

☆ Carmakers face a crossroads as they work to fit auto dealers into their EV plans
▼ + stars: | 2023-01-28 | by ( Michael Wayland | ) www.cnbc.com time to read: +5 min

"I think we're all building this airplane as we fly," Michael Alford, president of the National Auto Dealers Association, a trade association that represents more than 16,000 U.S. new franchised dealers, told CNBC. Automakers and franchised dealers have a complex relationship that is backed, in many states, by laws that make it difficult, if not illegal, to bypass franchised dealers and sell new vehicles directly to consumers. Both automakers and franchised dealers want to maximize profits, but they're separate businesses that heavily rely on one another to succeed. David Paul Morris | Bloomberg | Getty ImagesHonda Motor has said it plans to move more sales online, including 100% online sales for its luxury Acura brand for EVs. Jay Vijayan, who assisted in building out Tesla's digital and IT systems, doesn't believe selling EVs exclusively online will pan out.

☆ These are the 11 cheapest electric cars you can buy in 2023
▼ + stars: | 2023-01-27 | by ( Tim Levin | ) www.businessinsider.com time to read: +6 min

We've found the 11 cheapest new EVs you can buy in 2023. Chevrolet Bolt EVThe 2023 Chevrolet Bolt EV. ChevroletRetail price: $27,800EPA-estimated range: 247 milesQualifies for EV tax creditChevy recently introduced a big brother for the Bolt EV, the Bolt EUV. MazdaRetail price: $34,110EPA-estimated range: 100 milesMazda's first electric model disappoints in the all-important range department. KiaRetail price: $39,550EPA-estimated range: 253 milesThe Kia Niro gets bold new looks for the 2023 model year.

☆ Biden administration officials tout EVs at DC auto show
▼ + stars: | 2023-01-25 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

REUTERS/Jonathan ErnstWASHINGTON, Jan 25 (Reuters) - Two senior Biden administration officials got behind the wheel of new electric vehicles (EV) Wednesday at the Washington, D.C. auto show to urge Americans to consider buying a zero-emission model. They also highlighted that since President Joe Biden took office, companies have announced nearly $130 billion in U.S. EV investment including $56 billion in EV manufacturing and $72 billion in battery production. "It's electric vehicles, it's the guts to the electric vehicle, it's the guts to the battery - the whole supply chain now locating in the United States." Congress has approved billions of dollars in new incentives, low-cost loans and other funding for EV production and $5 billion for charging stations. Some consumers are still confused about whether they will qualify for EV credits.

☆ Tesla’s price war can only go so far
▼ + stars: | 2023-01-25 | by ( Jonathan Guilford | ) www.reuters.com time to read: +3 min

The $450 billion car company’s industry-leading profit margins give it plenty of ammo. Tesla’s fat margins mean it likely accounts for most of the profit made in the electric car industry. Either he could let demand fall further short of supply, potentially leaving Tesla’s rapidly expanding - and expensive - factories running idle. Recent reductions to Tesla's prices will help cheaper models qualify for federal tax credits, making them even more attractive. Zeroing out that profit could reduce Tesla’s implied global average selling price from $51,421 now to $38,949.

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