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Automotive News has been the worldwide auto trade’s most-trusted and most-read source of news, perception and understanding since 1925. With 24/7 protection and in-depth evaluation, the Automotive News app helps you easily keep up with what’s most important for your small business. Dealer affiliation leaders in several states say their aim is to forestall automakers from competing directly with franchised retailers, thus preserving dealers’ role in the sales mannequin — whatever type it takes. “In current years, franchised new car sellers have benefited from supply chain disruptions which have slowed automotive manufacturing. Dealers have reported report earnings whereas consumers are commonly paying above sticker costs,” Rivian mentioned in a statement.

The Celestiq represents Cadillac’s growth into the ultraluxury phase, alongside rivals similar to Bentley and Rolls-Royce, with a starting price within the low $300,000s. The Celestiq will provide entrance and rear electric motors and 600 hp, with an estimated range topping 300 miles. Rear-wheel steering, all-wheel drive and GM’s Ultra Cruise hands-free driving system are normal. The differentiator for the Celestiq might be an abundance of luxurious options, craftsmanship and customization — no two Celestiqs shall be alike, Cadillac stated. Jim Koons Automotive, of Vienna, Va., ranks No. 23 on Automotive News’ record of the top 150 dealership teams based in the U.S., retailing 26,188 new autos in 2022.

Honda Elevate Suv Goes Electrical By 2026, With Four More Suvs In The Pipeline By 2030

There he posed with employees from the company’s Munich-based design studio — and advised Automotive News Europe the company is focusing on European gross sales inside two years. The VW ID GTI concept, a full-electric scorching hatch that references earlier GTI fashions. Mercedes constructed the Concept CLA Class its personal two-story, windowless showroom in the heart of Munich, the place the vibe was extra style show than auto show. A gentle display from the automobile itself confirmed off extensive use of LEDs on the grille, roof and inside the cabin, which has “spa-like magnificence,” according to the automaker. New models and concepts from Mercedes, BMW and VW were the top debuts at the show, while Chinese manufacturers BYD and Avatr additionally made a splash. The cells will use a nickel-based chemistry with reduced cobalt content material and will cut back CO2 output within the production stage by 60 %, BMW stated.

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The battery powers a front-mounted electrical motor rated at 136 PS and 260 Nm of torque. Recently, when prospects started complaining that their vehicles with driver-assistance applied sciences had been “phantom braking” or slamming on the brakes with none visible obstacles present,… In July 2023, world automotive gross sales faced a noticeable downturn, with 5.forty four million automobiles rolling off the lot throughout 37 key markets—a 10% dip… The world is witnessing an electrifying revolution within the automotive business. The Automobile, Boatyards, Transport, Equipment and Allied Senior Staff Association has described the Federal Government’s ban on importation of vehicles through land borders as tonic to the automotive trade.

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The Chinese auto industry is spreading, but for it to take maintain in world markets, it’s a necessity to beat client distrust. Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide daily. Reuters offers business, monetary, national and worldwide news to professionals through desktop terminals, the world’s media organizations, business events and directly to customers. is devoted to bringing you the most recent automobile news, trade updates, and car developments. We keep you updated on everything from new automobile releases and technological breakthroughs to the newest trade speak and events as a prime supply of auto news in Canada. Our major objective is to supply our Canadian readers with up-to-date, factual info in a fun, attention-grabbing method.

After the Hellcat model that tops the lineup, the automobile offers a 475-hp SRT trim along with the R/T and Citadel trims that get 360 hp from the 5.7-liter Hemi V-8. The Singapore-based automaker says its second EV launch would be the VF 9 crossover in early 2023. The midsize, three-row VF 9 will observe the two-row VF eight, which VinFast expected to deliver to its first U.S. clients by the tip of 2022. It’s a big year for Toyota’s U.S. lineup, with the addition of a larger, more luxurious three-row crossover, the Grand Highlander. It will debut on the eve of the Chicago Auto Show with an advanced suite of driver assistance and security systems, in addition to a a lot larger third row than the present Highlander.

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