VinFast also released more specific pricing information for the VF 8 and VF 9, which are available with two different battery options. The company had previously announced pricing for only the high-capacity battery version. Prices for the VF 8 start at $40,700 for the base model with the smaller battery and rise to $48,000 for the top trim with the larger battery. Prices do not include shipping. VinFast claims that the battery’s range ranges from approximately 250 miles to approximately 300 miles, depending on the battery pack and trim. Prices for the VinFast VF 9 start at $55,500 for the…
Author: hendfares88
Experian’s top five used-vehicle lender rankings remained largely stable, with Capital One Auto Finance, Ally Financial, Wells Fargo Auto, and Chase Auto maintaining their respective top four positions, but Chase declined by more than a half a point of share. Chase forecasted a 14% increase in vehicle loan and lease originations to $43.6 billion in 2021. However, the company’s auto lending business experienced a decline in the fourth quarter. “After three solid quarters, a lack of vehicle supply resulted in a fall in originations to $8.5 billion, a 23% year-over-year decline,” JPMorgan Chase & Co. CEO Jamie Dimon stated in…
PARIS, France — According to a French government spokeswoman, the financial reward paid to Stellantis CEO Carlos Tavares was not “normal” and demonstrated the need for additional European-level regulation. Tavares, who supervised the merger of PSA Group and Fiat Chrysler Automobiles in January 2021, is set to earn approximately 19 million euros ($20.5 million) in 2021. He is also eligible for an extra 32 million euros in stock and approximately 25 million euros in long-term remuneration, according to investor Phitrust. “Clearly, these are not typical figures,” government spokesperson Gabriel Attal said Tuesday during a news conference. The French government owns…
Hyundai brand sales in the United States fell 4.5 percent in the first quarter, a smaller fall than the total market decline. Consumer demand for electrified Hyundai vehicles, which include hybrids, plug-in hybrids, full cells, and electric vehicles, has remained robust, accounting for approximately 16% of the brand’s whole lineup, according to Hyundai sales chief Randy Parker. Genesis continues to grow, with the GV70 and GV80 crossovers leading the way. The luxury brand’s first-quarter sales climbed by 43%, and March was the brand’s highest month ever, marking the brand’s 16th consecutive month of growth. Genesis established its first standalone store…
When the Wagoneer and Grand Wagoneer SUVs arrived last fall, they were the largest models in the Jeep family. However, that status will be transitory. The Wagoneer L and Grand Wagoneer L, extended versions of the burly utility vehicles, make their New York debut Wednesday, as the brand tries to compete directly with rivals such as the Cadillac Escalade ESV, Chevrolet Suburban, GMC Yukon XL, and Lincoln Navigator L. The large SUVs are among the most profitable cars in the auto industry, and in the case of the Suburban, have cultivated a devoted client following for decades. The 2023 Wagoneer…
Earlier this month, three San Francisco cops stopped an autonomous vehicle travelling without headlights and tried to converse with it. Cruise Automation, supported by GM, has been operating a robotaxi service in the city since February. In a tweet, the business stated it had been working with authorities: “We cooperate closely with the SFPD on how to communicate with our vehicles,” the business added. Cruise later tweeted that the automobile performed what it was supposed to do, which was to pull over somewhere safe so cops could call the firm. A Cruise representative told Bloomberg that the traffic halt was…
Earlier this month, three San Francisco cops stopped an autonomous vehicle travelling without headlights and tried to converse with it. Cruise Automation, supported by GM, has been operating a robotaxi service in the city since February. In a tweet, the business stated it had been working with authorities: “We cooperate closely with the SFPD on how to communicate with our vehicles,” the business added. Cruise later tweeted that the automobile performed what it was supposed to do, which was to pull over somewhere safe so cops could call the firm. A Cruise representative told Bloomberg that the traffic halt was…
In late 2021 and early 2022, RDS Automotive Group acquired brands from both ends of the spectrum. The luxury group bought a rare Ferrari dealership as well as a volume Nissan dealership. After buying Algar Ferrari of Bryn Mawr from Aleks Vekselberg on Dec. 23, RDS Automotive of Newtown Square, Pa. Bryn Mawr is north of Philly. According to its website, Vekselberg bought the dealership in 2012. The store is from 1964. RDS Automotive renamed Ferrari Philadelphia. According to Automotive News’ annual dealership census, there were only 14 exclusive Ferrari dealerships and 46 franchises nationwide on Jan. 1. According to…
A preliminary agreement to buy lithium from an Argentina-based Lake Resources facility was announced on Monday. Rising EV sales and a supply chain scramble have pushed battery ingredient prices to multi-year highs. Cobalt, a metal that makes up 0.001% of the earth’s crust, increases the range and life of EV batteries. GM has agreed to work with General Electric Co. to develop a supply chain for rare earth and other materials.
Lo, who was born in Hong Kong and studied at London’s Royal College of Art, said he knew he wanted to be a designer from an early age, when his father began taking him to car races. “This is truly a dream come true for me, to be able to oversee such a large design team at one of the world’s largest automobile businesses,” he said. He cites Peter Stevens, a former Lotus chief designer and one of his lecturers at the Royal College of Art, as a mentor and claims he takes inspiration from close friends. “As designers, we…