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Rising interest rates may scuttle pent-up demand

Rising interest rates may scuttle pent-up demand

U.S. light-vehicle sales remain in low gear as the third quarter winds down, while slumping consumer sentiment threatens a further downshift. Cox Automotive on Wednesday, Sept. 28, cut its full-year new-vehicle sales outlook to 13.7 million — down more than 9 percent from 2021 and the industry’s lowest tally in a decade. It’s the third …

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Detroit 3’s heavy-duty trucks will keep status quo to get job done

Detroit 3’s heavy-duty trucks will keep status quo to get job done

LOUISVILLE, Ky. — The Detroit 3 are pushing rapidly toward an electric future for their light-duty pickups, but it’s a different story for the biggest trucks in their lineups. Heavy-duty pickups are among the few vehicles still seeing big investments toward development of more powerful gasoline and diesel engines. Although the segment isn’t huge, the …

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Tesla’s logistical challenges overshadow record deliveries

Tesla’s logistical challenges overshadow record deliveries

Tesla Inc. announced lower-than-expected electric vehicle deliveries in the third quarter, as logistical challenges overshadowed its record deliveries. The EV maker said in a Sunday statement that “it is becoming increasingly challenging to secure vehicle transportation capacity and at a reasonable cost,” but some analysts were also concerned about demand for high-ticket items due to …

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Toyoda voice of skepticism on Calif., U.S. EV targets

Toyoda voice of skepticism on Calif., U.S. EV targets

LAS VEGAS — Ambitious targets for electric vehicle sales — in California or nationwide — will be hard to achieve by 2030 or 2035, Akio Toyoda told reporters here last week. Regarding California’s mandate that will ban the sale of gasoline-burning vehicles by 2035, the Toyota Motor Corp. CEO said: “Realistically speaking, it seems rather …

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Tesla’s robot waves but can’t walk, yet. Elon Musk plans to make millions of them

Tesla’s robot waves but can’t walk, yet. Elon Musk plans to make millions of them

SAN FRANCISCO — Tesla Inc. CEO Elon Musk showed off on Friday a prototype of its humanoid robot “Optimus,” predicting the electric vehicle maker would be able to produce millions and sell them for under $20,000 — less than a third of the price of a Model Y. Musk said he expected Tesla would be …

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Truckmakers see future in hydrogen fuel cell tech

Truckmakers see future in hydrogen fuel cell tech

HANOVER, Germany — While the auto industry struggles to convince consumers that hydrogen fuel cell vehicles have a place in daily transportation, truckmakers see huge potential for the technology. It’s a matter of chemistry, Andreas Gorbach, Daimler Trucks’ technical chief, said at IAA Transportation 2022. No battery chemistry will ever outperform how much energy engineers …

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Auction companies put battery health front and center

Auction companies put battery health front and center

Amid growing buyer concerns over battery costs, some wholesale auction companies are reworking their vehicle condition reports to better disclose battery health on used electric and plug-in hybrid vehicles. ADESA Inc. is one of the latest to take that step as part of its plan to gear up for the substantial numbers of EVs expected …

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How Nikola’s incoming CEO wants to crack the truck market

How Nikola’s incoming CEO wants to crack the truck market

How Nikola’s incoming CEO wants to crack the truck market HANOVER, Germany — As incoming Nikola Corp. CEO Michael Lohscheller took the podium at the IAA Transportation 2022 conference pitching his company’s zero-emission trucks, Nikola founder Trevor Milton was 4,000 miles away in a New York courthouse facing charges he duped company investors. Each had …

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Try an Evee before you buy an EV. Tesla Model Ys rentals for as low as $209 per day

Try an Evee before you buy an EV. Tesla Model Ys rentals for as low as $209 per day

If you like the idea of going EV, but aren’t ready to take the leap of ordering online, then a really great option is to rent a car, see if it works for you, and then commit to the purchase. The Tesla Model Y is now available to rent on the car-sharing service evee. You …

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