Mardell indicated that the more mainstream EMA cars would come 12 months after the two electric Range Rovers, with the Jaguar models following after that.
Mardell said JLR would be prepared to delay the launch of the Range Rover Electric to ensure the EV was perfect. “If it takes a few more months to get to that point, then the team will be allowed it,” he said.
JLR said 16,000 people had joined the waiting list for Range Rover Electric. The company has not disclosed prices, although JLR Chief Financial Officer Richard Molyneux said on the earnings call that the…
Daycare center left damaged after being struck by stolen car on Chicago’s South Side
Car crashes into South Side daycare
Car crashes into South Side daycare
00:49CHICAGO (CBS) – A car slammed into a daycare center on the city’s South Side overnight.
The crash left damage outside of the daycare in Calumet Heights along Stony Island near 88th Street.
Tamera Fair, the CEO of Premier Child Care Centers, said she found out about the crash around 10:30 pm Saturday.
She says police told her that the car was stolen.
“Whoever crashed it fled the scene. The keys were in the car, no broken windows, the steering column was not tampered with. So, we…
GM scales back electric vehicle and self-driving car plans as new labor deals will cost it $10B
General Motors says it is pumping the brakes a little on its plans for electric vehicles and self-driving cars as new labor deals signed with unions in the US and Canada will cost it almost $9.3 billion US.
Despite those costs, the automaker says it plans to buy back up to $10 billion US of its own shares, while also increasing its dividend by 33 per cent.
The buyback was the equivalent at Tuesday’s closing price to nearly a quarter of GM’s common stock. Its shares were down about 14 per cent this year before rising 10 per cent to…
Carvana Starts the Slow Climb Back Up to Recovery
From the March/April 2024 issue of Car and Driver.
Ernest “Ernie” Garcia III had a dream. Armed with a degree from Stanford and a $100 million investment courtesy of his father, Ernest Garcia II—the billionaire behind DriveTime, a major used-car dealership chain—Garcia III was uniquely well situated to give his audacious vision a shot. In 2012, he cofounded Carvana, an e-commerce platform for selling used cars. He hoped one day it would become the Amazon of secondhand-car sales, an online operation where you might buy a pre-owned vehicle with no in-store visit, hard sell, or haggling and have the new-to-you…
February US auto sales: Hyundai rebounds, Kia slips again
February US auto sales: Hyundai rebounds, Kia slips again | Automotive NewsSkip to main contentNEWSOPINIONDATA CENTERVIDEOSEVENTS & AWARDSJOBSResource Center+MOREAdvertiseLeading Women NetworkPodcastsWebinarsIn the Driver’s SeatPublishing PartnersAPCO HOLDINGS: Strategies for handling new F&I dynamicsAPCO Holdings: Connected cars create new challenges and opportunities in F&IAPCO Holdings: The Wild Ride into the Future of F&IAllstate: Compliance standards are changing. Here’s what you need to know.Allstate: The ABCs of maximum F&I effectivenessAlly All Ears Podcast Episodes | The next evolution in virtual F&IAlly…
Surge in Used Car Market Prices and SUV Demand | Indian News | India Business News
CHENNAI: When Dilip Singh was looking to sell his seven-year-old SUVs whose odometer had clocked nearly 1 lakh km, he was surprised to find that he managed nearly 70% of the cost of the vehicle.With new car prices soaring over the last few years, the value of used cars has also gone up. In the last two years, the average ticket prices in the used car market has gone up to 6-6.5 lakh from Rs 3-3.5 lakh, said Vinay Sanghi, CEO, CarTrade group “Since new car ticket size has also gone up by around 30%, it’s spilling over to the…
Used cars: Prices will fall 5.7% in 2024, expert says
Used cars: Prices will fall 5.7% in 2024, expert says | Automotive NewsSkip to main contentNEWSOPINIONDATA CENTERVIDEOSEVENTS & AWARDSJOBSResource Center+MOREAdvertiseLeading Women NetworkPodcastsWebinarsIn the Driver’s SeatPublishing PartnersAPCO HOLDINGS: Strategies for handling new F&I dynamicsAPCO Holdings: Connected cars create new challenges and opportunities in F&IAPCO Holdings: The Wild Ride into the Future of F&IAllstate: Compliance standards are changing. Here’s what you need to know.Allstate: The ABCs of maximum F&I effectivenessAlly All Ears Podcast Episodes | The next evolution in virtual F&I…
LKQ Euro Car Parts launches graduate programme
Tamworth-based LKQ Euro Car Parts has launched its first ever finance graduate scheme to create new pathways for young people looking to begin their career in the automotive industry.
The aftermarket specialist is recruiting for three new graduate positions in its finance team. Successful candidates will enroll on a three-year program where they’ll be supported and funded to gain CIMA/ACCA accredited accounting qualifications.
The graduates will also be allocated a personal mentor to oversee their progress, as well as being sponsored by the director of commercial finance and financial planning and analysis (FP&A) Melanie Lowe.
Applications are open now and…