The 2023 Chevrolet Corvette Z06 is here.
And on paper, it appears to be bad-ass in ways worthy of the Z06 designation.
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After managing to avoid what appeared to be certain death, Hertz has decided to purchase 100,000 Tesla vehicles before the end of 2022. Considering the firm was filling out Chapter 11 bankruptcy forms this time last year, the estimated $4.2 billion expenditure designed to ensure that 20 percent of its global fleet is electric does feel slightly frivolous. But Hertz says it’s getting out ahead of the curve and is interested in becoming a “mobility company,” rather than a business that just rents people automobiles. (Read More…)
Ford and General Motors are both slated to show their third-quarter earnings reports on Thursday.
Reports suggest that despite the negative impacts of the global semiconductor chip shortage, there may be positives for the companies, as well.
Tesla Inc. pulled its Full Self Driving (FSD) beta off the table over the weekend, with CEO Elon Musk stating that testers had been “seeing some issues with [version] 10.3.”
To remedy the issue, the company has reverted back to FSD 10.2 temporarily. Musk made the announcement over social media on Sunday morning. The following day, he had already promised that version 10.3.1 would be coming out to address problems encountered during the exceptionally short public testing phase.
“Please note, this is to be expected with beta software,” the CEO noted. “It is impossible to test all hardware configs in all conditions with internal QA, hence public beta.” (Read More…)
When I originally set out to write TTAC’s list of “best track cars”, I didn’t do so all that originally. That is to say, you probably already know what cars were going to be on that first list, without ever having read it. The BMW E30, Porsche 944, and Mazda Miata were there, and the inclusion of a Consulier GTP could only come as a surprise if you’ve never read a Jo Borras article before. It was a good list, though – one that just about any seasoned SCCA/NASA guy or gal could get behind, I thought.
That’s when I realized I know a few seasoned SCCA/NASA guys and gals, so I tossed it over to my friends Brandan and Tyler over at Auto Interests driving school to see what they thought – and I didn’t really expect Brandan’s response.
“You would hate driving these cars,” he said. “You’re too slow.”
While an ever-increasing number Americans in the second half of the 1970s felt comfortable buying sporty German and Japanese sedans, the idea of relying on an Italian sedan for everyday transportation made sense to a much more exclusive group. For those Americans who craved a commute packed with Italian passion and artistry but needed something with rear-wheel-drive (ruling out the 128 and the Lancia Beta sedan) and cheaper than the Alfa Romeo Sport Sedan, Fiat offered the 131 on these shores for the 1976 through 1981 model years (changing its name to the Brava starting in 1978). As you’d expect, these cars are about as tough to find in junkyards today as Mitsubishi Tredias or Rover 3500s, but I ran across this ’78 in a Denver yard last week. (Read More…)
Despite most automakers proudly proclaiming their intention to shift toward EV-dominant portfolios, customers haven’t been sharing their enthusiasm. While there’s a subset of loyal early adopters that are eager to see electrification become the norm, the relative infancy of the technology and prevalent gaps in the charging infrastructure has kept them from becoming a majority. But manufacturers seem to think it’s just a matter of time and that they’ll be able to make up the difference through fleet sales.
Advertised with lower than average operating costs and juicy subsidies being offered throughout the developed world, automakers have convinced themselves that EVs will soon become the de facto rides for various entities needing to round out their stables. Meanwhile, we’re hearing inklings that Ford is seeing pushback from fleet customers over its s new F-150 Lightning pickup and E-Transit van. (Read More…)
The same forum that told us to anticipate the order bank opening for the 2022 Ford Lightning next week is now saying “not so fast, my friend” (apologies to Lee Corso).
Following several months of news that Apple Inc. was in talks with battery suppliers to set the company up with the necessary hardware and know-how to manufacture electric vehicles, it looks like the iPhone purveyor is back to square one. Reports have emerged claiming the discussions with China’s Contemporary Amperex Technology Co. Limited (CATL) and BYD have stalled.
While the tech giant is said to be keeping a channel open, companies informed Apple over the last two months that they would not be willing to establish teams and U.S. facilities catering exclusively to its needs. While Japan’s Panasonic is still in the mix as a potential partner, it’s looking like the other companies are bowing out. Reasons are said to vary, however, political tensions between the U.S. and China are alleged to be a contributing factor. (Read More…)
Rare Rides Icons continues the history of Imperial today, after Part I left us neatly at what would become an unfortunate aerodynamic turning point. Ready for some Airflow?
With automobile prices ballooning to egregiously high levels, one might assume that the industry would be in rough shape. But they’d be dead wrong. Supply chain disruptions have actually created a captive market where consumers are desperate to lay their hands on whatever products are available. In the automotive realm, this has allowed retailers to set ludicrous prices and rake in larger profits per transaction. While inflation may eventually catch up to these entities, the gravy train is currently parked at the station and dousing big business with its warm, brown effluence.
Nobody knows this better than the folks at AutoNation. Because the company just released a quarterly profit report that blew its rosiest projections out of the water. Net income its ongoing operations was $361.7 million for Q3 2021, double the $182.6 million witnessed in Q3 of 2020, while revenue rose 18 percent to $6.4 billion. (Read More…)
We are constantly making decisions as we all hurtle through this life toward a destination unknown.
Sometimes these decisions turn out to be the “correct” decision, however “correct” is defined within the relevant context. Sometimes it’s the opposite.
The problem is that while the outcome of our decisions is sometimes obvious – I know when I order that one more beer that I’m kicking a payment of minor pain down the road to tomorrow – sometimes, the outcome isn’t foreseeable. Especially when you’re making a decision that feels correct at the moment (and defensible in hindsight), and yet a nasty surprise is just seconds away from smacking you in the face.
In other words, sometimes you make a decision that seems correct, seems low risk, one that others would agree with – and it still all goes to hell.
Last week, Mexican President Andrés Manuel López Obrador made a pledge to legalize millions of vehicles being illegally imported from the United States. While it sounds like a phenomenal way to help the nation to contend with product shortages that are driving up vehicle prices around the globe, all of the cars had been smuggled previously and many were presumed to have been stolen.
This has created a lot of tension. Despite there being evidence that these vehicles frequently end up becoming workhorses for criminal cartels, illegally imported beaters also provide a cheap alternative to poorer residents right when automotive prices (new and used) have started to disconnect from reality. Times are tough and destitute families aren’t going to care where a car comes from when it’s the only one they can afford. So López Obrador has officially launched a new regularization program designed to bring these automobiles into the fold. (Read More…)
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