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
Car Insurance Premiums, Visits To Repair Shops, Show Distinct Price Increases
PALM BEACH, FL - As record-breaking inflation continues to put a strain on the wallets of Americans, you can add the costs associated with owning and maintain your automobile to that back-breaking list as well, with car insurance premiums and visits to the repair shop showing a distinct increase as well lately. As per a recent study that looked at comprehensive … [Read more...] about Car Insurance Premiums, Visits To Repair Shops, Show Distinct Price Increases