Image: Slaven Vlasic (Getty Images) There are a number of reasons the Roadster values might be faltering among collectors. For one thing, maintaining an aging EV is hardly an easy thing. There are a few companies out there rebuilding and refurbishing battery packs and drive units, but Tesla stopped supporting these cars a long time … Read more
Image: Fanatec It seems like July may be bankruptcy season in Germany following filings for insolvency by BBS, Recaro, and now Fanatec. The global sim racing giant has been racking up some serious debts in recent years, to the tune of 95 million Euro. The company was pushed into a restructuring with strategic investment bridge … Read more
Taxpayers may end up bailing out beleaguered Rex Airlines because of the importance of its services to regional communities. Federal treasurer Jim Chalmers expressed relief that Rex will keep servicing regional areas despite announcing it had gone into administration on Tuesday. WATCH THE VIDEO ABOVE: Rival airline steps in to help Rex customers. Know the … Read more
Image: Recaro Legendary German car seat manufacturer Recaro Automotive has filed for bankruptcy, been deemed insolvent, and was approved for self-administration by its local district court, Autocar reports. The automotive seat manufacturing arm of Recaro (the airplane seats, child safety seats, and gaming seats businesses remain unaffected) has been around since 1906. The company changed … Read more
Good morning! It’s Tuesday, July 30, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Jalopinions | The Best Type is Jaguar’s E-Type 1st Gear: Trump Now Thinks EVs Are ‘Incredible’ Donald Trump … Read more
Amid a cost-of-living crisis, Australians are earning up to $4000 a month in supplementary income through side hustles on online marketplaces such as Airtasker. Among them is Frank Hoyt, 40, a panel-beater by trade, who travels around Australia fixing hail-damaged cars. But as his day job slows he has turned to Airtasker, where he earns … Read more
Denver’s ABC 7 reports that a couple of Mercedes-Benz dealers in the Denver area have been charging customers delivery & handling fees on their lease buyouts. They’re now making things right, but only after they were found out. Price Markups are Killing Customers’ Loyalty to Automakers and Dealers ABC 7 spoke with customer Jason Taylor, … Read more
Even if an automaker survives bankruptcy proceedings, the restructured entity may no longer support the vehicles it previously produced. Owners of the Fisker Ocean could find themselves in this predicament, but they are banding together to defend their interests and fix the troubled electric crossover’s problems. I Need A Sleek And Fast Car To Replace … Read more
Photo: John Lamparski (Getty Images) It seems that everyone has become the target of scams nowadays, even executives in the automotive industry. A scammer attempted to deceive an unnamed Ferrari executive earlier this month by digitally impersonating the automaker’s CEO, Benedetto Vigna. The scheme utilized a deepfake version of Vigna’s voice and WhatsApp messages from … Read more
Modern cars are laden down with all sorts of connected features. Remote start via cell phone, data connections for built-in apps, cars are increasingly reliant on mobile networks for full functionality — mobile networks that can, and eventually will, shut down. When those systems go dark, what happens to the cars? It’s Time The Nissan … Read more
