VANCOUVER, CA - Two motorists in Canada found themselves in the midst of a bizarre situation when they accidentally mixed up their Tesla electric cars, with the vehicles’ smartphone app actually allowing them to mistakenly unlock, enter, and even drive off with each other's nearly identical car, sparking serious security concerns. Rajesh Randev, 51, said that he used … [Read more...] about Tesla Drivers Shocked After Accidently Driving Off in Wrong Cars; Sparks Concern
Volkswagen to Invest $193 Billion in EV Development Over the Next Five Years
HERNDON, VA - German auto manufacturer Volkswagen on Tuesday officially announced that they plan on investing $192.6 billion over the next five years into the development of electric vehicles (EVs), with the goal being the conversion of the companies output from gas powered vehicles to solely electric by 2027. Between 2023 and 2027, Volkswagen noted that their company will … [Read more...] about Volkswagen to Invest $193 Billion in EV Development Over the Next Five Years
Wholesale Used Vehicle Prices Increase for Third Consecutive Month, Report Says
WASHINGTON, D.C. – Wholesale prices of pre-owned vehicles in the United States increased for the third consecutive month in a row in February, sending a clear signal to consumers planning to shop around for a used car this upcoming spring that the market will unfortunately be more expensive than they may have been hoping for. According to a new report by Cox Automotive … [Read more...] about Wholesale Used Vehicle Prices Increase for Third Consecutive Month, Report Says
Report Indicates Motorists Searching for Better Insurance Rates at Highest Ever
During the fourth quarter of 2022, the number of motorists searching for new car insurance policies with cheaper rates reached its highest level ever, according to a new Quarterly Shopping List Report released by J.D. Power. The number of new car insurance quotes given to consumers jumped by an astounding 12.1 percent in late 2022, with an increase of 4.1 percent of … [Read more...] about Report Indicates Motorists Searching for Better Insurance Rates at Highest Ever
Tesla Claims Production Innovations to Cut Cost of Next-Generation Models by Half
AUSTIN, TX - Tesla CEO Elon Musk, at the company’s investor day presentation at its Austin, Texas, headquarters on Wednesday, claimed that innovative production techniques and the use of smaller factories will enable the electric vehicle (EV) manufacturer to cut the cost of their next-generation models in half. While presenting Tesla’s so-called “Master Plan 3” to … [Read more...] about Tesla Claims Production Innovations to Cut Cost of Next-Generation Models by Half