Photo: Nissan When the calendar flipped over to May, Nissan instituted a new sales policy for its dealers: Cars can be advertised at discounts up to 10 percent off the invoice price, a massive reduction from typical MSRP. The reasoning, it seems, is that Nissan just has too many cars sitting on dealer lots. Nissan … Read more
Whether you have a problem buying a Chinese EV or not, that still doesn’t change the fact that China is investing heavily in its electric future, or the fact that the build quality and engineering gaps continue to close between Chinese and legacy Western automakers — with some Chinese automakers even surpassing the Western ones. … Read more
Screenshot: Hagerty Car purchases are rarely rational, and nobody understood that more than Austrian business magnate and Porsche heir Ferdinand Piëch. In his 50-plus years in the automotive industry, his main motivating factor was building cool shit and taking it racing, often completely at odds with company profit or shareholder value. He knew how to … Read more
Tata Motors is planning to hive off its vehicle financing subsidiaries under Tata Motors Finance Ltd by way of a merger with Tata Capital, to streamline its operations and deleverage its balance sheet, said people in the know. The process will involve a share-swap agreement. Group holding company Tata Sons will offer shares of Tata … Read more
So folks, it’s looking like U.S. prosecutors’ probe into Tesla and Autopilot will be going well beyond whether the systems actually work or not. Regulators are now looking to see if Elon Musk and Tesla committed securities or wire fraud by misleading investors and customers about the self-driving capabilities of their cars, according to Reuters. … Read more
Vanuatu’s national carrier Air Vanuatu has reportedly entered voluntary administration. Local media has reported that the company’s board was dissolved and Ernst and Young appointed as external administrator. Flights to and from Brisbane Airport today and tomorrow have been cancelled. The Vanuatu Tourism Office posted on its website it was aware of reports the airline … Read more
Screenshot: Motorweek/ YouTube The Chevrolet Camaro was introduced to the world as Chevy’s answer to Ford’s revolutionary affordable performance car the Mustang, but by the time the gas crunch came around there wasn’t much performance left to offer. I was raised in a Ford family, but even the Ford Mustang of the era struggled to … Read more
Some creditors of the bankrupt crypto exchange FTX are preparing to reject a plan that would see them recover 118 percent of the money they lost. The proposal is far less generous than it might seem, they claim. Starting in January, the FTX creditors began to form a voting block, now made up of 1,600 … Read more
Photo: Kelly Defina (Getty Images) Qantas agreed to pay $79 million to settle a lawsuit with the Australian Competition and Consumer Commission over a ghost flights debacle. Australia’s flag carrier allowed over 86,000 customers to purchase tickets for flights that had already been canceled for at least two days. The airline’s penalty is the second-largest … Read more
Screenshot: 12 News Typically, you don’t think about the airbags in your car unless the light comes on, you’re in a wreck or you get a letter in the mail that says your airbags have been recalled. If you do happen to get into a wreck, though, you better hope your airbags work because they’re … Read more
