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Maserati, the Italian luxury and performance automotive brand and the only luxury brand of the Stellantis Group, is partnering with Future Energy to electrify its dealer network. This partnership proves Maserati’s dedication to helping their dealers adapt their business processes and embrace the future of electrification.
ŠKODA AUTO, a subsidiary of the Volkswagen Group, is introducing a smart energy storage system using second-life batteries from electric vehicles. In partnership with the Czech technology company IBG ?esko, Following a successful pilot project in Prague, the energy storage units are now available to ŠKODA contract dealers.
A rare price stampede is taking place in the Chinese auto market. Image from BMW China Weibo) As a large number of car companies in China are offering huge subsidies or price cuts, BMW is offering more than 100,000 yuan ($14,360) off its all-electric model, the i3, according to local media.
The startup is now turning to auto dealerships for sales and services. We decided we would rather give that money to a dealer so that we could expand faster,” said Henrik Fisker, the CEO, President, and Chairman of the EV startup. The company also shared its intention to expand retail operations in North America and Europe.
DEARBORN, Michigan — Ford dealers and Ford Fund, the philanthropic arm of Ford Motor Company, are investing $2 million in. continued] The post Ford Dealers & Ford Fund Invest $2 Million to Train Future Auto Techs appeared first on CleanTechnica.
Amazon Autos director Fan Jin recently told Automotive News that the move would happen soon, moving the company into direct competition with several others in the space. Jin said, Were adding more dealers, and were excited to add not just new inventory for those dealers but also used inventory.
The Alliance of Automobile Manufacturers (Auto Alliance) is strongly supporting the passage of Maryland’s SB 1234 , a bill that would require the State of Maryland to purchase zero emission vehicles (ZEVs) for state fleets. —Auto Alliance. SB 1234 is a good step in the right direction.
The United Auto Workers strike in the U.S. EV inventories are at all-time highs, and traditional dealers are concerned about their bottom lines, especially since they have had to make large investments in capabilities to sell and service EVs. Future Success How should autocompanies set themselves up for ongoing success?
Insurance companies, which are in the business of making money, are going to have to cover some of that — with automobiles being second only to houses. It could affect auto dealerships, which typically hold a higher level of expensive assets than homeowners, Hoffman said. Estimates have the storm causing upwards of $47.5
On Thursday, Scout noted that it is planning to adopt a direct sales model instead of using a conventional dealer network. The company also pledged full transparency on vehicle pricing, as noted in a CNBC report. autodealers. dealer partners is disappointing and misguided, and it will be challenged.”
The company started as a manufacturer of farming equipment and machinery, which means its. continued] The post Plan To Sell Scout Vehicles Directly To The Public Has California Volkswagen Dealers Hopping Mad appeared first on CleanTechnica.
If true, the broader ramifications of this would be that CDK Global had intentionally forced retailers to pay higher prices while keeping useful information from them likely resulting in those costs trickling down to consumers while ensuring it maintained the lions share of the dealer services market. CDK's technology is outdated.
and Canada’s most commonly used autodealer management software has rendered over 15,000 dealerships unable to make sales over the past few days, and those who claim to be behind the outage are demanding tens of millions of dollars as ransom. Auto dealerships in the U.S. Auto dealerships in the U.S. dealerships.
In another key step to ready its 2,600-plus dealerships for the automotive industry’s electrification plans, Stellantis is partnering with Detroit-based company Vehya to support its U.S. dealers in preparation for increased electric-vehicle sales and service. autodealers. “As
The only catch is that you have to live within one of the 48 metropolitan areas where the program has been enacted and it has to be a Hyundai because thats the company Amazon Autos partnered with. But every other step of the process is supposed to be handled via the Amazon Autos website.
This is the second Ford dealership purchased by the company this year. Penske had previously bought Don Allen Auto Service Inc. In its most-recent dealer acquisition, the company said it was expanding its North American retail operations presence in the Midwest and diversifying the business. in Massachusetts.
Right-to-repair advocates believe that if you own a car, you should be able to have it fixed anywhere, not just at the dealers service department. The groups sent a letter to Congress earlier this month outlining the proposal, which is called the Right to Equitable and Professional Auto Industry Repair Act (REPAIR).
Following the departure of four high-profile executives at Stellantis North America, some dealers are growing concerned about the company’s direction. Additionally, Jason Stoicevich left after just two months as the Vice President of the company’s U.S. “So it begs the question: What’s causing that?
Ford Motor Company will build two new massive, environmentally and technologically advanced campuses in Tennessee and Kentucky that will produce the next generation of electric F-Series trucks and the batteries to power future electric Ford and Lincoln vehicles. —Jim Farley, Ford president and CEO. Ford Blue Oval City. Earlier post.)
Dealer franchise laws are controversial at best and downright divisive in most cases, but they remain a significant force in the automotive industry despite the political noise surrounding them. Dealer franchise laws prevent that in most cases. & [Image: Hunter Crenian via Shutterstock] Become a& TTAC& insider.
Under the current measuring system, manufacturers can import excess EVs to rebalance their portfolio emissions and wholesale them onto dealer balance sheets rather than sell them to the public. Emissions should be counted when the vehicle is sold, Hobbs said. Its a theory that sounds great for EV buyers.
Arriving in spring 2022, F-150 Lightning will be available in four series and two battery options at more than 2,300 EV-certified Ford dealers across the country, with the option for fleet customers to access Ford’s complete ecosystem of connected data and telematics services via Ford Commercial Solutions. America’s No.
Stellantis pulled out of last year’s Los Angeles Auto Show and the Specialty Equipment Market Association (SEMA) trade show , stating that it was trying to save money amid the now resolved UAW strike. However, it’s starting to look like the company just isn’t interested in attending the big events anymore.
News broke earlier this week that Stellantis would pull out of auto shows, including the upcoming Chicago Auto Show, for the foreseeable future. Now, to be clear, that decision is only from the corporate side – local dealers could still participate. Even within the past few years, Camp Jeep was a huge attraction at auto shows.
According to data released by Kelley Blue Book, a Cox Automotive company, the average transaction price (ATP) for a new vehicle in the United States in November 2022 hit a new record high of $48,681. Cox Automotive Dealer Sentiment Index. The current market index peaked at 67 in Q2 2021 and has been losing momentum every quarter since.
BAIC-Xiaoju New Energy Auto Technology Co. Ltd (JingJu) aims to combine the two companies’ strengths in new energy fleet operation and AI transportation solutions to develop next-generation connected-car systems. an affiliate of BAIC. Xiaoju Automobile Solutions?XAS?was
Price war has been the most talked about topic in China's auto industry this month, and the imminent implementation of a new emissions standard is seen as a major factor. At the same time, some car companies made it clear that they would not participate in the price war, trying to dispel the wait-and-see sentiment of potential consumers.
The recent price war in China's auto market has put a new emission standard that will come into effect in a few months' time in the spotlight. CnEVPost obtained the views of several local analysts, which provide references on what impact that new emission standard will have on the auto industry.
Initially, the electric three-wheeler will be available only in a limited number of cities for cargo and passenger use The first electric three-wheeler from Bajaj Auto will be unveiled in April 2023 when it is launched. The company originally planned to launch an electric three-wheeler last year, but it was postponed due to safety concerns.
(Image credit: CnEVPost) Low consumer sentiment in the wake of the Covid wave has led to weak auto sales in China, though the situation is expected to see relief in the second quarter, and the launch of new models and lower lithium carbonate prices are also encouraging, according to Deutsche Bank. NIO delivers 10,378 vehicles in Mar, down 14.6%
Most of the vehicles debuting at the 2022 Los Angeles Auto Show were powered by some sort of electricity. Clean Fleet Report got a look at the all-new 2023 Electrified GV70 a couple weeks before the Los Angeles Auto Show, and posted this sneak preview story. Electrified Debuts Dominate the Scene. 2024 Fiat 500e EV. Genesis X EV.
Ford has announced that Ford dealers will have an extra month to consider before the deadline to invest in the brand’s EV future. In short, while the company sees the benefits of having such a widespread dealer network, the auto giant also wants to remain price competitive with new direct-to-consumer options.
million units sold, according to GlobalData, a data and analytics company. There was barely anybody at car dealers in the first week of February as most people stayed at home. Companies such as Jaguar-Land Rover have already confirmed they’ve had to resort to flying parts in from China to meet production demand.
In an event combining a first-customer ceremony and a media drive, Tustin (California) Hyundai’s Dealer Principal, John Patterson, handed over the keys to Hyundai’s first mass-produced Tucson Fuel Cell crossover ( earlier post ) to Timothy Bush, the first Hyundai Fuel Cell customer, with Hyundai executives in attendance. Click to enlarge.
The company has announced its first two dealers ahead of its limited run production finally beginning. more… The post One of world’s fastest (and most expensive) EVs spotted on way to an ultra-exclusive auto show appeared first on Electrek.
The numbers from the California New Car Dealers Association’s new report would show that Musk is perhaps onto something. This is quite an accomplishment, considering that the Golden State is the US’ largest auto market. . Numbers and performance-wise, the Tesla Model Y is the company’s most conservative vehicle.
Further, Blink’s base of approximately 135,000 members will now be able to access charging stations on Hubject participating networks while driving in the US, without having to register with any other charging companies. Blink Charging Co.,
Costco members can get a $1,000 incentive for selected GM EVs through the company's longrunning Costco Auto Program, on top of other state, federal, or dealer incentives. The post How Costco Could Move The Needle On EV Sales In The US appeared first on CleanTechnica.
Out-of-state, big-box auto retailers — that don’t speak for independent auto repairers — spent nearly $5 million trying to scare Mainers into thinking that the right-to-repair their vehicles was going away,” John Bozzella, president and CEO of Alliance for Automotive Innovation (AAI), stated in a release.
Among these is a $210-million investment in a new, more environmentally responsible auto-body painting facility and innovative paint process at its Marysville, Ohio auto plant (MAP), the largest of Honda’s eight auto plants in North America. To expand the involvement of US Honda and Acura dealers in its “Green Dealer” program.
Noting that 2013 was “by and large” highly successful for Tesla, Navigant suggests that the company will face a set of new challenges this year, the largest of which will perhaps be the scaling up the production of vehicles. Tesla Motors will have a bumpy year. Selling in new markets will also be a test for Tesla.
The research by the automotive intelligence firm Blue Flag found the New Vehicle Efficiency Standard (NVES) that came into force from January 1 2025, could levy fines on auto brands as high as $2.8 These projections can, and should, continue to improve as car companies modernise their lineups, the MTAA noted. billion in 2029.
Bajaj Auto, which entered the Indian electric two-wheeler market with its e-scooter Chetak in January 2020, has expanded its EV portfolio with the Chetak Premium 2023 Edition priced at Rs 151,910 (ex showroom, Bangalore). Bajaj Auto currently plans to offer e-scooters in about 100 stores in 85 cities by the end of March 2023.
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