Automotive Deals

GM signs a deal with an Australian company to boost the EV supply chain

July 3, 2023

“The E25 facility will build in Louisiana is significant because it is expected [to] be the first plant in the United States to produce battery-grade manganese sulfate, a key component of cathode active material, which helps improve EV battery cell costs.” The Louisiana site is expected to be 230,000 square feet, with work to prepare the site slated to start in the third quarter. “GM’s support does more than accelerate our expansion in the United States,” Justin Brown, Element 25’s managing director, said in a statement. “Together, we are creating a resilient and sustainable North American supply chain that will…

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 repair

Kearney Public Library adds auto repair database

July 3, 2023

UNK professor and motorcycle enthusiast Ralph Hanson tells us about an annual motorcycle scavenger hunt program he participates in during his free time. Video by Alexis Stoffers, Kearney Hub. KEARNEY — Kearney Public Library now offers library card holders free online access to the automotive repair database ChiltonLibrary. ChiltonLibrary is an authoritative vehicle database trusted by automotive enthusiasts and professionals for over 100 years. No other source has the vehicle maintenance, repair and technical service bulletins patrons need for most years, makes and models. ChiltonLibrary provides access to repair, maintenance and service information on most cars, trucks,…

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 Deals

SerDes for Automotive Market Business Research With SWOT Analysis [No. 102 Pages Report]

July 1, 2023

PRESS RELEASE Published June 26, 2023 SerDes for Automotive Market Size With COVID-19 Impact and Russia-Ukraine War Impact on this Industry [102 Pages No.]SerDes for Automotive Marketreport are massive businesses with critical facilities designed to efficiently support robust opportunities, and scalable applications and are often associated with big data-producing companies such as , THine Electronics, NXP, Avago (Broadcom), Cypress, Vitesse (Microsemi), Maxim Integrated, STMicroelectronics, Inova Semiconductors, ON Semiconductor, ROHM Semiconductor, Intesil (Renesas), Texas Instruments, Semtech,. The use of SerDes for Automotive Market is opening new frontiers across the ICT industry. With the ability to manipulate matters, SerDes for Automotive market…

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…

Used Cars

Average used car loans are now much more than the vehicles are worth

July 1, 2023

Used car prices have been all over the map in recent times, with some used models exceeding their new MSRPs as demand soared and supply dwindled. While that situation appears to have been mostly resolved, the finances of the used car market are still raising eyebrows, as buyers seem to be rolling more negative equity into their purchases in 2023. A new study from JD Power and TransUnion pointed out that the average loan-to-value ratio of used car financing has ballooned to 125 percent during the first quarter of 2023. That’s up from 110 a year ago and 104 percent…

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 Deals

Exclusive: Vietnam’s Truong Hai considers stake sale in $5 billion automotive arm

June 29, 2023

SINGAPORE/HANOI, June 28 (Reuters) – Vietnamese conglomerate Truong Hai Group, founded by tycoon Tran Ba ​​Duong, is considering bringing in an investor into its automobiles arm Thaco Auto in a deal that could value the unit at around $5 billion, two people familiar with the matter said. Truong Hai Group is in talks with a financial advisor to explore the potential sale of a minority stake in Thaco Auto after receiving interests from regional financial investors and corporates, the sources said. The group could be selling about 20% in Thaco Auto, one of the sources said. Deliberations were ongoing and…

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