2021 Auto News USA automobiles

Tesla Makes More Money From Bitcoin Than It Does From Cars — What Does That Mean for Your Stock?

Credits: finance.yahoo.com First-quarter results from Tesla show that it made more profits in the first three months of the year with Bitcoin than it did with its car business. The company reached a quarterly record with net income at $438 million. However, Tesla did not earn its record profits from selling cars, according to its Q1 2021 […]

2021 Auto News USA automobiles

American Automakers Are Learning A Bleak Lesson About Selling Cheap Cars

Credits: jalopnik.com In the old days, American automakers’ business strategy was, as Alfred Sloan’s GM put it, “a car for every purse and purpose.” The idea was that automakers wouldn’t make much on cheap cars for younger buyers but those buyers would stay brand loyal and grow up to buy cars the automakers do make a […]

2021 Auto News USA automobiles

German automakers rule the US luxury market. Genesis is determined to change that

Credits: abcnews.go.com Genesis is getting noticed for its sleek designs and attention to detail. The sleek silhouette was breathtaking: A long clamshell hood that appeared to go on indefinitely. An interior swathed in upcycled, sustainable materials. A futuristic dashboard connected to a “floating” center console. The automotive work of art could have been German. Or […]

2021 Auto News USA automobiles

Some high-end features go missing as tight chip supplies drag on

Credits: www.autonews.com Companies forced to be creative to keep production moving When automakers were first hit with chip shortages at the end of last year, they tried idling factories until the trouble passed. But with the crisis stretching into its fifth month and getting worse, they are getting creative to keep at least some production moving forward. […]

2021 Auto News USA

Will the EV Revolution Kill the Parking Reform Movement?

Credits: usa.streetsblog.org As President Biden pushes to install a network of electric vehicle chargers across America, some advocates are wondering where they will all go — and if the effort will deal a blow to the movement to reform urban parking policy. Some sustainability advocates applauded Biden last month when his long-awaited infrastructure plan, the American […]

2021 Auto News USA

Tesla turns a record profit despite new Model S and Model X delay

Credits: www.theverge.com Tesla has drawn a lot of scrutiny lately, has run into delays with the refreshed Model S and Model X, and the auto industry is struggling through a global shortage of semiconductors. But none of those things seemed to have much effect on Tesla’s business. On Monday, the Silicon Valley automaker announced its best-ever start […]

2021 Auto News USA

Two Senators Working On Legislation To Put Autonomous Cars On American Roads

Credits: www.carscoops.com Democratic senator Gary Peters and Republican senator John Thune are working to create legislation that would allow automakers to put a large number of autonomous vehicles on the road. The pair are looking to attach the legislation to a bill providing $100 million in funding for science and technology. According to Reuters, the amendment […]

2021 Auto News USA

Honda US EV plans: Solid-state batteries later this decade, all EVs by 2040

Credits: www.greencarreports.com Honda is planning to completely phase out internal combustion engines from its North American lineup by 2040, the company announced Thursday night.  That means a combination of battery-electric and fuel-cell models will add up to 100% of its sales by that time. The company spelled out that as interim targets, it sees those […]

2021 Auto News USA

The Most Powerful C8 Corvette On The Planet Might Be This One

Credits: www.hotcars.com FuelTech USA founder Anderson Dick and his crew managed to get this C8 to deliver 1,075 horsepower from the wheels. Automakers in the muscle car world have been jousting for public attention of late, especially with Ford’s Mustangs squaring off against Dodge’s Hellcats. But Chevrolet hasn’t been doing too shabbily, especially with its C8 Corvette dominating […]

2021 Auto News USA

Shortage of computer chips hurts automakers in the US

Credits: global.chinadaily.com It has been more than two months since a new General Motors car has rolled off the production line at the automaker’s huge factory in Kansas City, Kansas. Although GM officials say the factory will remain closed until May 10, the union chief says he is not sure that is the case. A […]