Author: Damini Sharma

Cars, vans, SUVs, and different autos drive in visitors on the 405 freeway via the Sepulveda Pass in Los Angeles, California, on August 25, 2022.Patrick T. Fallon | AFP | Getty ImagesDETROIT — The common age of passenger autos on U.S. roadways climbed to a report this yr, as automotive house owners maintain on to their autos longer amid low provides of latest autos and sky-high costs.The common age of a light-duty automobile on U.S. roads rose by greater than three months — the very best year-over-year improve for the reason that Great Recession in 2008-2009 — to 12.5 years…

Tesla Model 3 electrical autos at a Hertz neighborhood location.HertzConsumers could also be on the fence about whether or not it is but time to purchase EVs, however car-rental big Hertz Global Holdings has made the leap.Markets boosted shares of Estero, Fla.-based Hertz after its current earnings report, as first-quarter income hit $2 billion and per-share earnings of 39 cents handily beat forecasts of 21 cents a share. But behind the short-term numbers is the corporate’s long-term adjustment to massive modifications in transportation, tourism and power: Hertz goes electrical.The firm plans to have 25% of its 500,000 car fleet be…

Tata Nano EV Car: Ratan Tata’s most well-liked automobile, the Nano, will quickly be obtainable in an electrical model and rule the auto business with a unbelievable vary of 300 km. New automobiles are consistently being launched to the auto market with all of the facilities. People nonetheless have vivid reminiscences of the traditional automobiles they owned, whether or not they had been two- or four-wheelers. On the one hand, each automaker gives fashions with unbelievable and interesting facilities. However, additionally they cost a good worth for it, and other than that, it’s nonetheless difficult to buy a automobile on…

Dave Walters of Orange County, California, stands by his newly leased Hyundai Ioniq 5 electrical automobile.Provided by Dave WaltersFed up with excessive gasoline costs and enticed by federal tax credit, Dave Walters determined he wished an all-electric Hyundai Ioniq 5 for his subsequent automobile.The Orange County, California, resident initially thought of buying a used mannequin, till he realized he may lease the automobile and benefit from a key loophole below the Inflation Reduction Act.Buying a used Ioniq, which is produced in South Korea and Indonesia, would not earn him $7,500 off by way of a federal tax credit score. Leasing…

Hyundai Mufasa: The Indian automotive market has been experiencing a surge in demand for SUVs, prompting automotive producers to enter the phase. One of essentially the most extremely anticipated SUVs available in the market is Hyundai’s Mufasa, which is about to make waves with its spectacular options and design. Let’s dive into the small print of this upcoming SUV. Powerful 2.0-Litre Petrol Engine Option The Hyundai Mufasa is about to return with a 2.0-litre petrol engine choice that packs a punch with 160 PS of energy. The automotive was not too long ago unveiled on the Shanghai Auto Show 2023…

Suzuki Swift Sport: Swift Sport debuted with a 210 KM peak velocity, new options, and a sporty design, in addition to excellent mileage of 35 kmpl. The most outstanding automaker within the nation, Maruti Suzuki, is on the brink of unveil a brand new model of its widespread Swift hatchback quickly. The new Maruti Swift will reportedly be unveiled on a world scale. Also Read: Kia Sonet Aurochs Edition: Revamped Design and Powerful Engine at an Affordable Price, learn on for particulars Suzuki Swift Sport powertrain particulars The New Maruti Swift Sport now boasts an engine that’s stronger than the…

A presenter stand subsequent to Hyundai’s all-electric SUV ‘IONIQ 5’ throughout its launch on the Auto Expo 2023 on January 11, 2023 in Greater Noida, India.Ajay Aggarwal | Hindustan Times | Getty ImagesSouth Korean automaker Hyundai Motor Company is ramping up its manufacturing capabilities because it goals to turn into one of many world’s high three electrical automobile producers by 2030.The automaker is investing closely in analysis and growth, constructing new crops and platforms in addition to increasing EV strains and manufacturing capability.”We are now developing two more platforms and that will enable us to have 18 models by 2030.…

An indication with the General Motors high quality mission assertion stands within the foyer on the GM Warren Tech Center in Warren, Michigan.Rebecca Cook | ReutersDETROIT – General Motors has employed former Apple government Mike Abbott to steer a newly created software program unit for the Detroit automaker.Abbott, former vp of engineering for Apple’s Cloud Services division, will be a part of GM as government vp of software program, efficient May 22. He will report back to GM CEO Mary Barra.associated investing informationAbbott’s newly created function will deliver collectively three separate features inside the firm: software-defined automobile and working methods;…

Nikola Motor CompanySource: Nikola Motor CompanyElectric heavy truck maker Nikola stated that it is “refocusing the company on North America” because it exited a European three way partnership with its chassis provider.The information got here as the corporate reported its first-quarter outcomes. Here are the important thing numbers, along with Wall Street estimates as reported by Refinitiv.Adjusted loss per share: 26 cents, versus 26 cents anticipated.Revenue: $11.1 million, versus $12.5 million anticipated.associated investing informationNikola’s web loss for the quarter was $169.1 million, or 26 cents per share, adjusted. A 12 months in the past, Nikola misplaced $152.9 million, or 21…

Win Mcnamee | Getty Images News | Getty ImagesTesla CEO Elon Musk joined Texas Governor Greg Abbott to interrupt floor on the web site of the electrical automobile maker’s new lithium refinery in Corpus Christi on Monday.Tesla plans to speculate $375 million to construct the ability on the Gulf coast that can assist it safe a home provide of lithium hydroxide, a key ingredient used to make batteries for its electrical autos, and its home- and utility-scale batteries.Musk stated that Tesla is aiming to supply sufficient battery-grade lithium on the refinery to fabricate a million autos per yr, and to…