The bottom line is that they wouldn't be going to a regular Joe customer regardless of the price.
Interesting Car/Truck Manufacturer News
- Thread starter Weather Man
- Start date
The bottom line is that they wouldn't be going to a regular Joe customer regardless of the price.
The price is stupid but clearly someone was dumb enough to actually buy it at that price.
Remember that for the guys that can walk the money walk, 90k isn't shit.
South Korea could push up EV plant in U.S. timeline due to new tax credit rules
Aug. 22, 2022 1:19 PM ETSouth Korean automaker Hyundai Motor Co. (OTCPK:HYMLF) is expected to consider pushing ahead with the construction of its electric vehicle plant in the U.S. to early as this year due to the implications of the new U.S. EV tax credit rules.
The new U.S. tax credit law excludes electric vehicles assembled outside North America, which has reset some plans within the industry.
South Korean Foreign Minister Park Jin has expressed concerns over the legislation during a call with U.S. Secretary of State Antony Blinken and the nation is reported to be considering whether it will file a complaint at the World Trade Organization over the U.S. Inflation Reduction Act. South Korea Trade Minister Ahn Duk-geun also plans to discuss the matter with U.S. officials next week in Washington.
With GM'a Nobel Laureate, Kristin Zimmerman, trying to figure out where a buildings electricity comes from...
Maybe people can actually make a difference
www.thedrive.com
Internet Backlash Forces Dealer to Sell Corvette Z06 at MSRP After Planned $90K Markup
A Texas dealership selling a Chevy Corvette Z06 for $90,000 above MSRP was bullied by the internet into lowering its price.
www.thedrive.com
Lmfao. “Uh we didn’t mean to charge an extra 90k.”Maybe people can actually make a difference
Internet Backlash Forces Dealer to Sell Corvette Z06 at MSRP After Planned $90K Markup
A Texas dealership selling a Chevy Corvette Z06 for $90,000 above MSRP was bullied by the internet into lowering its price.
Ford starts taking orders again for the Mach-E with higher pricing, new features
F +2.16%Now!Ford Motor Company (NYSE:F) reopened the ordering system in the U.S. for the Mustang Mach-E with updated pricing and features as it continues to increase production for the popular all-electric SUV.
The Detroit automaker adjusted the MSRP on the Mustang Mach-E due to significant material cost increases, continued strain on key supply chains, and rapidly evolving market conditions. The adjusted MSRP will go into effect for new orders placed starting Tuesday
The new MSRPs for the Mustang Mach-E range from $46,895 for the Select RWD Standard Range version to $69,895 for the GT Extended Range option.
As for features, Ford (F) said Premium models built with the Extended Range battery will have a targeted EPA-estimated range of 290 miles on all-wheel drive models. Ford Co-Pilot360 Driver Assist Technology is also noted to now be standard across Mustang Mach-E across the lineup. On Select models, Ford BlueCruise hands-free driving and 360-degree camera are available for a complimentary 90-day trial period for customers to experience the feature before choosing to enable it for a longer duration.
The new MSRPs for the Mustang Mach-E go from the Select RWD Standard Range at $46,895 to the GT Extended Range at $69,895.
The industrial actions being caused by governmental ICE bans is amazing and depressing. All these battery factories are going to be built and all compete for the same pool of resources. It is going to be a massive cluster ****.
Tesla supplier Panasonic plans additional $4B EV battery plant in U.S. - WSJ
PCRFY -0.24%Aug. 26, 2022 5:27 AM ET- Panasonic Holdings (OTCPK
CRFY) a supplier to electric-vehicle maker Tesla (TSLA) is in discussions to build an additional roughly $4B EV battery plant in the U.S. - WSJ. - The new Panasonic plant would come in addition to a roughly $4B EV battery factory that the company announced its plans to build in Kansas in the month of July.
- The company is eyeing Oklahoma as the location for its new plant.
- This announcement comes on the foot of growing batteries demand as the EV makers including Tesla are boosting production volume as they try to reduce long wait times for many popular EV models.
- Panasonic’s rivals are also opening new U.S. factories - General Motors (GM) is planning a $2.6B battery plant in Lansing, Mich., with South Korean partner LG Energy Solution Ltd.
Muscle Cars and Trucks
S650 FORD MUSTANG HYBRID PROGRAM REPORTEDLY CANCELED
Muscle Cars and Trucks - Yesterday 11:49 AMThe S650 Ford Mustang will be unveiled at the Detroit Auto Show next month, and it was believed that 2025 would be the model year when the hybrid variant of the iconic muscle car would reach the market. But it seems that Ford may have decided to ditch the idea of a hybrid pony car altogether, as well as all-wheel-drive, meaning the S650 will be gas only through its lifecycle, effectively meaning that the 2024 Mustang is a more or less a top-hat refresh of the S550, with new looks, but with a carryover architecture and carryover powertrains.
Attachments
Honda Motor, LG Energy form JV to build EV battery plant in Ohio
HMC -2.55%Aug. 29, 2022 4:59 AM ET- South Korean battery maker LG Energy Solution said Monday it is joining hands with Japanese automaker Honda Motor (NYSE:HMC) to build an electric vehicle battery plant in the United States.
- The two companies signed the binding agreement for $4.4B joint venture to build the production facility with an annual capacity of 40 gigawatt hours, LGES said in a release.
- The location of the plant has yet to be decided.
- Honda and LG Energy Solution will establish a joint venture to start producing lithium-ion batteries in Ohio, where Honda's main factory is located, according to the report, adding they are aiming to start construction in 2023 and mass production in 2025.
- The joint venture is scheduled to be established in 2022.
Ford eyes new electric truck model for 2025
F +1.69%Aug. 29, 2022 1:26 PM ET5 CommentsFord Motor Company (NYSE:F) is developing a new electric truck that is expected to go on sale in 2025, per a report from Automotive News.
The details on the new EV truck from the Detroit automaker are thin, but Automotive News noted that it could be a new-style full-size pickup under the F-Series umbrella aimed more at retail buyers than the electric Lightning F-150.
Ford (F) still plans to launch production of an all-electric Explorer SUV by the end of 2024.
Cummins and Versatile hydrogen engine join hands for decarbonization
Aug. 29, 2022 3:33 PM ET1 Comment- Cummins (NYSE:CMI) and Buhler Industries (OTCPK:BIIAF), tractor manufacturer under Versatile brand to integrate the Cummins 15-liter hydrogen engines in Versatile’s equipment to lead the decarbonization of the agriculture market.
- Hydrogen combustion engines will provide a cost effective zero-carbon fueled solution for high load factor and high utilization applications. Key benefits of using this technology include enabling a more-timely solution to reduce carbon emissions without sacrificing productivity.
- "Versatile is a longstanding manufacturer in the agriculture space with a reputation for excellence in tractors,” said Ann Schmelzer, General Manager Cummins Global Agriculture Business. “Our companies share a commitment to technology, quality and dependability for our customers. Cummins is excited to be working with Versatile as we leverage our respective strengths to create new opportunities for both companies.”
Toyota bending to the inevitable. The Japanese car companies have all said EV is stupid, but they have no choice. God, I hope they make hydrogen work and USA trucking is big enough in it to make fueling doable.
Toyota Motor investing $5.6B in EV battery production in Japan and the U.S.
TM -1.05%Aug. 31, 2022 6:19 AM ET- Toyota (NYSE:TM) is investing ¥730B ($5.6B) in Japan and the U.S. to boost production of batteries for electric vehicles.
- Production is set to start between 2024 and 2026.
- In Japan, about ¥400B ($3B) will go into the Himeji Plant of Prime Planet Energy & Solutions Co. in Japan, as well as in Toyota plants and property.
- In the U.S., about ¥325B ($2.5B) will be invested in Toyota Battery Manufacturing in North Carolina. This investment adds capacity to support battery electric vehicle (BEV) battery production and adds 350 jobs, bringing the total employment to approximately 2,100. Scheduled to begin production in 2025, the facility will produce batteries for hybrid electric vehicles (HEV) and BEVs.
- “This investment is aimed at enabling Toyota to flexibly meet the needs of its various customers in all countries and regions by offering multiple powertrains and providing as many options as possible."
- Earlier this week, Japanese rival Honda Motor Co. (HMC) announced with major South Korean battery maker LG that they were investing $4.4B in a joint venture in the United States to produce batteries for Honda electric vehicles in the North American market, with mass production of advanced lithium-ion battery cells to start by the end of 2025.
Watch Honda end up making a full-size truck.
No choice with the competition.
Mitsubishi Electric, Robert Bosch to dissolve Nippon Injector
MIELY +1.10%Sep. 01, 2022 5:02 AM ETMitsubishi Electric (OTCPK:MIELY) (OTCPK:MIELF) and Robert Bosch agreed to terminate operations of their joint venture Nippon Injector Corporation by the end of 2025 and then dissolve the company and complete the liquidation.
Nippon Injector, which was set up in 1986, has been supplying more than 300M gasoline fuel injectors for OE customers in Japan and abroad, the company said in a Sept. 1 press release.
Mitsubishi said that due to the impact of technological shift towards electrification in the automotive industry, it is estimated that the demand for fuel injectors for combustion engines will decline in the future. Thus to cope with this market development and to optimize manufacturing, it is intended to transfer production of gasoline fuel injectors step-by-step to Bosch's manufacturing site in Hemaraj, Thailand (Robert Bosch Automotive Technologies) beginning 2023, subject to antitrust approvals where needed.
Mitsubishi added that it plans to receive supplies from Bosch's Hemaraj factory which is expected to be the main factory in Asia for port fuel injectors for gasoline engines in the future.
Nippon Injector will start discussions with its labor union on measures, under coordination with Mitsubishi and Bosch to help associates for further employment, the company noted.
American Honda August sales down 37.7% Y/Y
HMC -1.81%Sep. 01, 2022 11:05 AM ET4 Comments- Honda Motors (NYSE:HMC) reports U.S. sales fell 37.7% Y/Y to 71,461 units in August.
- Car sales -46.9% Y/Y and trucks sales -32.6% Y/Y for the month.
- Sales in the Honda division down 56.5% Y/Y to 69,031 units: Cars -67.7% Y/Y and Trucks -48.6% Y/Y.
- Acura sales for the month -47.3% Y/Y to 7,537 units: Cars -42.1% and Trucks -49.1%.
- Sales of electrified vehicles plunged 29.6% to 6,811 units.
- On YTD basis, sales declined 40.1%.
Hollysys Automation jumps 23% on report about $29/share sale to consortium
HOLI -0.41%Sep. 02, 2022 7:32 AM ET1 CommentHollysys Automation (NASDAQ:HOLI) surged 23% in premarket after a report that the automation and control maker is near an agreement to be sold a consortium in deal valued at $1.8 billion, or $29/share.
Hollysys's (HOLI) management team lead by CEO Wang Changli has won the endorsement for the purchase from the municipal government of Beijing, according to a Reuters report. The consortium has teamed up with a Beijing-based firm for a possible transaction.
The consortium has also held talks with banks to finance the transaction and is close to secure loans worth at least $1 billion from Chinese lenders, led by ICBC, according to Reuters. The consortium is looking to add some other private equity firms into the deal including Warburg Pincus and Chinese venture capital firm Legend Capital.
The latest on a potential Hollysys (HOLI) take private comes after a report last month that a buyer consortium led by Recco Control Technology and Dazheng Investment reaffirmed its proposed acquisition of HOLI for $25/share.
Wang is part of a consortium, which originally offered to buy the company for $23/share last summer. Wang returned as CEO of Hollysys (HOLI) back in early January.
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