Automotive Deals

Cox Automotive No Motorsports at NADA 2023 Just New Solutions for Retail, Inventory and EV Readiness

August 9, 2024

The Auto Channel Screwed By Cox Editor’s Note: In 1993 Cox Ownership wanted to create a purely motorsports entity…until the owners of The Auto Channel convinced them that success could come from serving the auto industry For two years The Auto Channel shared its proprietary knowledge with Cox including the details for an automotive entity, not a motorsports partnership between Cox and The Auto Channel…we were led to believe that because of the partnership level of discussions and agreements with the management of Cox and their telling us we had a deal we proceeded with the confidential foundation and details…

Automotive Deals

25 Tutorials for Getting the Most Out of DaVinci Resolve

August 3, 2024

DaVinci Resolve has a price point that can’t be beaten: it’s free! It’s a professional-level tool for video editing that’s accessible to everyone. You can use it for an entire edit, from ingesting footage to exporting a finished, Hollywood-grade video. Want even more power in your edits? Resolve is made up of other more powerful modules inside one package. Fairlight helps you mix and master audio at a professional level. Fusion gives you options for compositing in 2D and 3D. You can even collaborate with other users on the same project. In this round-up, we’re featuring 25 of the web’s…

Automotive Deals

Auto pact formed to secure Stellantis-LGES and Volkswagen deals

July 19, 2023

PHOTO: Doug Ford/Twitter TORONTO — On Jul. 6, Chrystia Freeland, Canada’s Deputy Prime Minister and Minister of Finance, François-Philippe Champagne, Canada’s Minister of Innovation, Science and Industry, Doug Ford, Premier of Ontario, and Vic Fedeli, Ontario’s Minister of Economic Development, Job Creation and Trade, issued a joint statement saying: “The governments of Canada and Ontario are partnering to attract once-in-a-generation projects that will anchor our auto manufacturing sector and keep good jobs in Canada. “We already have fought for and secured the new NAFTA, which protected our auto sector, and fought for and secured a carve-in for Canada in the…

Automotive Deals

Leasing vs. Buying a New Car

May 8, 2023

As attractive as a lease may appear, there are a number of drawbacks: • In the end, leasing usually costs you more than an equivalent loan because you’re paying for the car during the time when it is most rapidly depreciating. • If you lease one car after another, monthly payments go on forever. By contrast, the longer you keep a vehicle after the loan is paid off, the more value you get out of it. Over the long term, the cheapest way to drive is to buy a car and keep it until it’s uneconomical to repair. • Lease…

Automotive Deals

Bankruptcy threat: Lordstown Motors says Foxconn deal unravels

May 4, 2023

Shares of Lordstown plunged 27 percent to 38 cents in morning trading in New York. Representatives for Foxconn could not be reached for immediate comment. The filing underscores the speed at which the partnership has become destabilized amid turmoil in the EV market. Just about six months ago, Foxconn agreed to invest as much as $170 million in Lordstown and take two board seats. The deal gave the EV maker much-needed capital while offering Foxconn, the Taiwanese manufacturer best known as the maker of Apple Inc.’s iPhone, a firm foothold in automotive production. Foxconn also paid $230 million for a…

Automotive Deals

Ford’s CATL deal in Michigan questioned by Missouri Rep. Jason Smith

April 26, 2023

WASHINGTON — US Rep. Jason Smith, R-Mo., is seeking more information from Ford Motor Co. about the automaker’s deal with China’s Contemporary Amperex Technology Co. Ltd. to use its technology at a planned $3.5 billion battery plant in Michigan. In a letter sent Monday to Ford CEO Jim Farley, Smith raised concerns over whether the arrangement leans on a “loophole” in the electric vehicle tax credit’s battery component sourcing requirements and goes against the law’s intent of US energy security and reducing dependence on foreign adversaries such as China for battery materials and manufacturing. “This arrangement appears to leverage a…

Automotive Deals

Dodge Sending Off Internal Combustion Challenger With 1,000-hp Demon

April 1, 2023

It almost seems hard to believe, but the mighty Dodge Hellcat appeared on the scene in 2015 with 707 horsepower from a supercharged 6.2-liter V8 engine. Not only does the Hellcat have a stirring name, its insane amount of power and exhilarating performance ensured Dodge’s place in the muscle car wars against Ford and Chevrolet. Unfortunately, the muscle car era is coming to an end. In typical Dodge fashion, it wants that end to be loud and smokey with the introduction of the 2023 Dodge Challenger SRT Demon 170. The name that Dodge chose for its “Last Call” special-edition muscle…

Automotive Deals

Buy a New Electric Car Now or Wait?

March 20, 2023

Quick Facts About Buying an Electric Vehicle Now If you are teetering on the brink of buying an electric vehicle (EV), you may well be asking yourself if you should buy a new EV now or wait. We understand your hesitation. The faltering economy, exploding interest rates, new and confusing regulations on EV tax credits, and the high price of vehicles in general are just a few of the issues that may give you pause. Our discussion here focuses on fully electric vehicles drawing all their power from a battery charged by plugging into an outside electric source. This excludes…

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