Category: Global

New EV tax credits: Car dealers ‘don’t have the answers’

Treasury and the IRS sought to help consumers with a new list of vehicles that may be eligible as of Jan. 1 or later. However, the list has raised concerns over how the

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The latest numbers on the automotive microchip shortage

Automakers eliminated no additional vehicles from their 2023 worldwide production plans this week because of the ongoing global microchip shortage, according to AutoForecast Solutions, and the estimate for North America was revised downward

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Moore’s Law might work in computing, but not in autos

There was a shocking statistic in my colleague Pete Bigelow’s story last week about CES that should cause ulcers in automotive investors around the globe. Automakers and others have committed those resources, investing

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Used car prices come down in Luzerne County

If you’re in the market for a car now may be a good time to buy as dealerships across the nation are seeing a dip in prices of used cars. LUZERNE COUNTY, Pa.

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Al Michaels says calling ‘dreadful’ ‘Thursday Night Football’ games was like trying to sell ‘used car’

Legendary sports broadcaster Al Michaels just wrapped up his first season calling NFL games for Amazon Prime Video on Thursday nights, and while he spent nearly four decades of his career calling some

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BYD Challenges Tesla for Global Electric Car Sales Supremacy

In the last edition of Bloomberg’s Hyperdrive newsletter, BloombergNEF offered up three predictions for the electric vehicle market in 2023: that sales will keep growing, albeit at a slower pace; that this will be a

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Lincoln, GM and Ford dealerships sell in deals across 4 states

LaFontaine Automotive Group has acquired Pfeiffer Lincoln in Grand Rapids, Mich., marking the second Grand Rapids dealership for the Highland, Mich., group as it continues to expand into western Michigan. The acquisition, which

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Automotive innovation takes its time

Automotive innovation takes its time LAS VEGAS — Technology that could fundamentally reshape transportation was easy to find last week at CES. There were sensors that allowed autonomous vehicles to travel at speeds

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Carvana’s Colorado car vending machine sits empty: What’s next?

Months after Carvana built one of its car vending machines near I-25 and Evans, their stock has tanked and it’s still sitting empty. What happens next? DENVER — It catches eyes of drivers

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Michigan Carvana store agrees to surrender dealer license

A Carvana Co. outlet in Michigan agreed to surrender its dealer license in lieu of further administrative action by state regulators, who in October suspended that license over titling, registration and odometer issues

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