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Tesla calls the Model 3, which the company revealed last week, “our most affordable car yet.” At a starting price of $35,000, they’re not wrong, but affordability is relative. In their eagerness to see Elon Musk’s electric car empire overthrow the old, traditional combustion engine, Tesla supporters might overlook how the Model 3 makes the..
July 7, 2020
Auto sales hit an all-time high last year in the United States, and many analysts expect another record this year. But in this surge, some automakers are increasing sales by counting new cars bought by their own dealers as sold, raising questions about whether some segments of the auto industry — a pillar of the..
July 7, 2020Because so many years have passed, the odds are you never heard of Charlie Shambaugh (1877-1940). His fame came three generations ago. And when he died, these words had earned places in the first sentence of his obituary: “mechanical genius” — “pioneer auto dealer” — “founder of Lafayette Airport.” The writer of that sentence should..
July 6, 2020
If there’s one thing we learned from endless episodes of MTV Cribs back in the day, it’s that athletes, rock stars, and A-list celebrities are all bonded by a common interest: A love and passion for fast and expensive cars. While everyone is likely familiar with expensive cars from the likes Porsche and Rolls Royce, there exists a subset..
July 6, 2020
Despite intermittent volatility, markets have rallied since 2014 on high growth expectations from the economy. But while acceleration in growth still remains tentative in many pockets, the auto sector is one space which has seen promising sales. Heavy truck and bus sales have convincingly turned around from the slowdown years of 2012-13 and 2013-14. Small..
July 6, 2020
They’ve done it before and they’re doing it again. At the risk of sounding repetitive Mercedes-Benz is about to launch another mind dazzlingMercedes Maybach Concept. Only this one seems set to throw a shroud of tedium over all its predecessors. The all-electric, self-driving concept coupe tagged the Vision Mercedes-Maybach 6 has both “sensual purity and..
July 6, 2020
You may want to avoid these models. Trying to steer clear of the clunkers lurking at your local wheels dealership? Then you may wish to avoid these autos. Get Data Sheet, Fortune’s technology newsletter. Out of the all the latest models, these cars ranked lowest in their respective categories, according to Consumer Reports. The product..
July 6, 2020
By Emmanuel Mayah A total N215 billion in import duty exemptions was granted in four years, between 2011 and May 2014 under the leadership of ex-President Goodluck Jonathan, PREMIUM TIMES can report today. Most of the waiver deals, it was gathered, were sealed during midnight visits to the presidential villa. Data obtained from the Budget..
July 5, 2020
It’s a common practice for cities to make developers widen a street when they put up a new building. The thinking is that development creates car trips that must be accommodated with more asphalt. But new research suggests these policies don’t help anyone. The main effect is to increase the cost of building, making housing less affordable. “As traffic management..
July 5, 2020
Most of us who are of a certain age can still recall the first time someone showed us the Internet and bravely tried to explain how it worked (“you put your cursor on any of the bits in blue and click on them and they will take you to new places which will also have..
July 5, 2020
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