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Automotive News

LMP Automotive sells Chevrolet and Buick-GMC car dealerships

July 3, 2023

LMP on June 13 also sold Beckley Buick-GMC Auto Mall in Beckley, W.Va., to Dutch Miller Auto Group, according to Chris Miller, that group’s president. The store was renamed Dutch Miller’s Beckley Auto Mall, Miller said. Beckley is southeast of Charleston. “That is a market that we really do want to be in,” Miller said. “We are a West Virginia-based company. We want to continue to invest inside of West Virginia. Any opportunity that we can find inside of the state, we are very, very interested.” It marks Dutch Miller’s first acquisition since it bought a Buick-GMC store in Kansas…

Automotive News

Hyundai is undecided where it will expand EV manufacturing; Canada ‘on the list’

July 2, 2023

Romano said Hyundai has had “a lot” of such conversations with the government. And while Hyundai’s focus is on Georgia today, the US $5.5 billion plant, going up northwest of Savannah, is unlikely to produce enough vehicles to meet the government’s EV targets on its own, he added. This need for a larger North American footprint could lead Hyundai to Canada, said Sam Fiorani, vice-president of global vehicle forecasting at US-based AutoForecast Solutions. “Canada is now pushing for an EV future. It makes a lot of sense to piggyback off of the battery plants and the technology, and the good…

Automotive News

Ferrari adds powerful SF90 Stradale derivatives

July 1, 2023

The most recent addition to the XX program was the FXX-K EVO coupe unveiled in 2017 and produced in several dozen units. Ferrari’s marketing boss, Enrico Galliera, said the SF90XX Stradale coupe and SF90XX Spider are “true high performance racing cars” that are road legal. Ferrari gave the SF90 XX Stradale cars aerodynamic features, mostly from the FXXK-EVO coupe. A rear fixed wing was added – the first to appear on a road-going Ferrari since the F50. This delivers 1,168 pounds of downforce at 250 kph (155 mph). Ferrari said the focus of the SF90 XX Stradale’s development was to…

Automotive News

Investing in a New Windshield Offers Clear Visibility

June 30, 2023

Making sure that you can see clearly when behind the wheels of a vehicle is essential to keep yourself and your passengers safe. A new windshield installation can be a practical way to ensure the best visibility and to reduce the risk of accidents for yourself, your family, and friends when driving in Tampa, FL. Why Clear Visibility Matters Poor visibility is responsible for thousands of automobile accidents each year. While cracked or distorted windshields are not to blame for all these accidents, the lack of visibility caused by damage to your windshield can put you and your passengers at…

Automotive News

Chinese EV startups draw Arab investors

June 30, 2023

SHANGHAI – Investors from oil rich Arabian countries have long been fond of buying into European luxury and sports car brands such as Mercedes-Benz, PorschesMcLaren and Aston Martin. But a shift is unfolding and such investors are now developing more interest in staking out electric-vehicle startups from China. CYVN Holdings, an investment arm of the Abu Dhabi government, signed an agreement with Nio Inc. on acquiring a seven percent stake in the Shanghai-based EV startup for some $740 million. Abu Dhabi is the capital of the United Arab Emirates. The two sides “agreed to cooperate to jointly pursue opportunities in…

Automotive News

Lithium iron phosphate curbs the battery gap with nickel, cobalt

June 28, 2023

Battery expert Lukasz Bednarski, author of the 2021 book “Lithium: The Global Race for Battery Dominance and the New Energy Revolution,” believes automakers’ interest in building lower-priced EVs could be one of the drivers behind LFP’s rising popularity. “LFP provides good enough performance at a lower cost, which makes it an attractive proposition for EVs for the middle class,” he said. Bednarski added that the US Inflation Reduction Act (IRA) provides incentives “for the development of the whole battery chain (with no) preference for LFP chemistry.” Rising investment in LFP manufacturing facilities in the United States is coming not just…

Automotive News

Car quality is getting worse, JD Power finds

June 27, 2023

New-vehicle quality improved at 12 of 33 brands ranked in the study: Dodge, Ram, Alfa Romeo, Porsche, Maserati, Jaguar, Subaru, Jeep, Mitsubishi, Audi, Chrysler and Volvo. “It’s not one thing that’s detrimental in the industry,” said Frank Hanley, senior director of auto benchmarking at JD Power. “There’s just a lot of little things going wrong, and it’s adding up to big problems for customers.” The number of problems tracked per 100 vehicles rose 6.5 percent from 2022 to 2023, following an 11 percent rise from 2021 to 2022, Hanley said. Before then, the largest increase in problems in a given…

Automotive News

Millions Of Kia Cars Could Have Dangerous Airbags

June 26, 2023

View of the dashboard of a 2007 Kia Optima as it’s being driven.good morning! It’s Thursday, June 1, 2023 and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. 1st Gear: Kia And ARC Automotive On Wednesday, a newly released federal document placed the number of Kia vehicles equipped with airbags supplied by Knoxville-based ARC Automotive at almost 4 million, according to The Wall StreetJournal. This is believed to be merely a fraction of the total number of affected…

Automotive News

The Infiniti showroom redesign is lounge-like

June 26, 2023

The lack of fresh product has put Infiniti into a multi-year slump. Last year, the brand reported 46,619 US sales, its lowest since 1992, according to Automotive News Research & Data Center. Another retailer also said he’s unlikely to pull the trigger on a store upgrade until he sees a “Cadence product that is true and believable — not just promises.” “Infiniti has been a disappointing brand for years,” Haig said. “Its dealers are not making any meaningful money compared to almost any other franchise.” Anticipating the pushback, Infiniti is pitching the redesign to its dealers as optional. “It’s not…

Automotive News

EV makers are dividing into leaders and stragglers in US

June 25, 2023

Some of the recent darlings of the EV market, including Kia and Rivian Automotive, are off to a slow start this year due to supply chain issues and the loss of the federal EV tax incentive because of tougher eligibility rules. Overall, new EV registrations grew 72 percent in the January to April period, according to Experian, driven primarily by Tesla, with 52 percent growth and a 60.8 percent share of the electric-car market. Non-Tesla brands split the rest of the EV market among 24 marques. But not all makers are enjoying the EV sales surge evenly. And some promising…

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