Author: Mike Smith
Automotive The United Auto Staff (UAW) has successfully ratified contracts with all three major Detroit automakers, namely Stellantis, Ford, and General Motors. Nonetheless, the extent of support for the contracts varied among the many automakers, with Stellantis and Ford receiving broader approval from employees in comparison with General Motors. The ratification process saw Stellantis and Ford agreements garnering significant support, with each contracts leading by a considerable margin—68% to 32%. Notably, Ford’s Dearborn Truck Plant and Rouge Electric Vehicle Center in Michigan reported an awesome 78% approval from employees, leading to a substantial lead of greater than 12,000 votes. Similarly,…
Automotive We recently posted that an ex-factory 1962 Ferrari 250 GTO would hit the auction block and potentially set a record. Now, the auction has concluded with an awe-inspiring bang, a pivotal piece of automotive history modified hands as an important Ferrari 250 GTO ever produced found a brand new owner for a staggering $51.7 million, setting a brand new record for any Ferrari sold at auction. Despite initial expectations reaching $60 million, the ultimate hammer price of $47 million proved to be somewhat of a steal for this exceptionally rare 250 GTO. When accounting for extra fees, the whole…
Automotive Volkswagen is making good on the promise to introduce an inexpensive electric vehicle (EV) priced under $35,000 to the U.S. market inside the following 3-4 years. The announcement was made by senior executives during a Reuters conference, emphasizing the corporate’s commitment to advancing its electric vehicle initiatives in america. Reinhard Fischer, senior vp and head of strategy at VW Group of America, reassured the general public that despite changes in geopolitics and global supply chains, Volkswagen will not be scaling back its plans for electric vehicles within the U.S. market. Ganesh Iyer, the CEO of Nio USA, a Chinese…
Automotive As hideous as it could look to some, the BMW XM is a beast and might hustle just like the business prefer it did at Pikes Peak to set a brand new record. After a dramatic crash in the course of the official Pikes Peak Hill Climb event in June, the BMW XM Label has made an incredible comeback, setting a brand new record for the fastest hybrid electric SUV to overcome the height. The time clocked was a powerful 10 minutes and 48.60 seconds. It’s value noting that this achievement is critical, because it represents the fastest hybrid…
Automotive Mercedes-AMG enthusiasts have something to sit up for within the 2026 model 12 months with the introduction of the Mercedes-AMG GLE 53 Plug-In Hybrid (PHEV). This progressive offering adds an exciting twist to the already popular GLE 53 SUV and GLE 53 Coupe, elevating their performance and environmental credentials. Under the hood, these vehicles still house a potent 3.0-liter turbocharged inline-six engine, but it surely has undergone a meaningful upgrade. The engine now boasts a powerful 442 horsepower, a rise of 13 hp from its previous 429 hp configuration. This enhancement ensures that the GLE 53 stands as a…
Automotive For 2024, the bottom model of the Genesis G70 is undergoing a slight transformation, despite retaining its familiar appearance. The notable upgrade is available in the shape of a stronger powerplant, replacing the previous 2.0-liter turbocharged four-cylinder engine with a 2.5-liter unit that had its debut within the 2022 Kia Stinger. This enhancement, coupled with several other standard improvements, guarantees to make the 2024 Genesis G70 within the 4-cylinder trim, already an impressive sports sedan, much more impressive. The guts of this upgrade lies within the 2.5-liter engine, which now churns out a sturdy 300 horsepower and 311 pound-feet…
Automotive In a high-stakes battle of wills, Bill Ford, the manager chairman of Ford, made a fervent plea on Monday, urging the United Auto Staff (UAW) union to bring an end to a 32-day strike that has sent shockwaves through the automotive industry. The strike, which began as a localized labor dispute, has expanded and now threatens the long run of the American automaker and casts a shadow over the broader U.S. economy. Bill Ford’s impassioned call for an end to the strike took place against the backdrop of the corporate’s iconic Rouge assembly plant, positioned near its headquarters in…
Automotive The Kelley Blue Book’s latest report reveals a major development on the planet of electrical vehicles (EVs) in the US. Over the past 12 months, the common price of recent electric vehicles has experienced a remarkable drop of nearly $15,000, marking a considerable shift within the affordability of those environmentally friendly cars. In September, the common transaction price (ATP) of a brand new EV decreased by over 22 percent in comparison with the identical month the previous 12 months, landing at a mean of $50,683. One among the first catalysts behind this reduction in recent EV prices is Tesla,…
Automotive In the continued labor dispute between the United Auto Staff (UAW) and major American automakers, Ford Motor Company has taken a proactive stance by presenting a comprehensive contract offer aimed toward ending the 19-day targeted strike. Despite their efforts, a lingering disagreement revolving around battery plants stays a sticking point within the negotiations. Ford, headquartered in Dearborn, Michigan, recently unveiled their latest contract proposal, which encompasses several key points. Notably, the offer includes wage increases for temporary staff, enhanced contributions to company 401(k) plans, and a discount within the time required for workers to achieve the highest wage rate.…
Automotive The Biden administration’s ambitious plan to boost fuel economy standards until 2032 has sparked controversy inside the automotive industry. In keeping with a press release released on Friday by the Alliance for Automotive Innovation, a corporation representing major automakers akin to General Motors, Toyota, Volkswagen, and Hyundai, the proposal is taken into account unfeasible and will potentially result in hefty fines amounting to over $14 billion for non-compliance. The center of the difficulty lies within the National Highway Traffic Safety Administration (NHTSA) Corporate Average Fuel Economy (CAFE) proposal, which the Alliance for Automotive Innovation believes “exceeds maximum feasibility.” This…
