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Auto Central January 22, 2023. Every Sunday, Larry Nutson, The Chicago Car Guy and Auto Channel Executive Producer, with the competent assistance of Thom Cannell, senior editor at The Auto Channel Michigan Bureau, will be writing The Auto Channel’s report on auto news for the week. We’ve compiled our “views” into digestible news. nugget.
learn more: The complete News Nugget of the Day, thousands of pages of relevant news and opinion, information stored in the 1 million page library published and indexed on The Auto Channel over the past 25 years. Copy the heading and insert it into the site search box to find complete information.
Here, Larry’s selection of important, relevant, semi-secret, or snappy automotive news, opinions, and insider backstories from the past week are presented in professionally crafted, easy-to-understand automotive universe news nuggets. increase.Weekly Auto News Wrap-up Week Ending January 21, 2023
* New car affordability fell again in December and reached new lows in 2022, according to the Cox Automotive/Moody’s Analytics Vehicle Affordability Index. Interest rates on auto loans hit his highest in 20 years, and the average new car price rose to a record $49,507 for him. Estimated monthly payments for new cars increased to $777, breaking another record. Interest rates on auto loans continued to rise in his first half of January.
* To determine the most driver-friendly states in the US, WalletHub compared 50 states on 31 key metrics. Data sets range from average gas prices to rush hour traffic jams to road quality. The best state to drive is Iowa and the worst is Hawaii. To view the full report and your state’s rank, please visit:
*Somewhat jokingly, a law was introduced in Wyoming to phase out the sale of new electric vehicles over the next 12 years, but the state senator behind the bill said the move was simply for states like California. It said it was meant to send a message to the state. Phase out sales of new gasoline vehicles. The bill says it is intended to “ensure the stability of Wyoming’s oil and gas industry” and “help protect the nation’s vital minerals for important purposes.” . https://www.washingtonpost.com/climate-environment/2023/01/17/wyoming-ban-electric-vehicles-cars-2035/?wpisrc=nl_sb_smartbrief&utm_content=FBE4AC91-95DF-408B-AF31-4505C67C534E
* Volta Inc announced that a division of Shell Plc will acquire an electric vehicle (EV) charging network operator in an all-cash transaction valued at approximately $169 million. The company installs chargers in shopping malls and grocery stores, allowing EV drivers to power their batteries for free. The deal is the latest example of energy companies buying up and investing in EV charging infrastructure as demand for electric vehicles rises. BP, Total and France’s EDF are among a list of oil companies to acquire EV charging assets. So you might be able to charge your EV at a petrol station on the corner right around the corner.
* Tesla has slashed the prices of most electric vehicles in the US and Europe by up to 20%, fueling a slowdown in demand. The cuts allow some of Tesla’s lower-priced models, depending on the level of equipment, to qualify for the $7,500 federal tax credit made available starting Jan. 1 under the Inflation Reduction Act. increase. This credit is available for electric vehicles priced under $55,000. Meanwhile, Tesla is losing resale value and customers feel cheated.
* US News & World Report announced the 2023 Best Cars for the Money awards. Covering 12 vehicle categories, the awards spotlight cars, SUVs and minivans that represent the best combination of long-term value and superior ownership experience. Hyundai won his four Best Car for the Money awards this year, more than any other brand. Kia had 3 wins, Chevrolet and Honda each had 2 wins, and Mazda had 1 win.Best car for money – here
* Pickup trucks are losing SUV buyers in the US, according to Reuters, according to a new look at S&P Global Mobility registration data. Pickup truck market share will fall to its lowest level since 2012 in late 2022. That’s bad news for the Detroit 3, which relies on pickup profits to fund its EV investment.
* Exactly 70 years after the Corvette debuted at Motorama, Chevrolet returned to New York City to unveil the first-ever all-wheel-drive electric Corvette. His powerful 6.2L LT2 small block V-8 engine is complemented by an electric motor driving the front wheels. With a total of 655 HP, the 2024 Chevrolet Corvette E-Ray has a 0-60 mph time of 2.5 seconds and traverses the quarter mile in 10.5 seconds. The 2024 Corvette E-Ray will be available in his 2023 with suggested retail prices of $104,295 for his 1LZ Coupe and $111,295 for the 1LZ Convertible model. 2024 Evette Video
* Car and Driver magazine has announced the 10 Best Trucks and SUVs of the Year 2023. This follows on from our previously announced 10 Best Cars. https://www.caranddriver.com/features/a42433429/10best-trucks-suvs-2023/
* MotorTrend has announced that the Corvette Z06 has been named 2023 MotorTrend Performance Vehicle of the Year. The Z06 beat out 20 of his other rivals, including the highly regarded Civic Type R and Toyota GR Corolla.
* Reuters reported that a Tesla video produced to showcase the company’s self-driving technology was faked. This nugget comes from Ashok Elluswamy, his director of Autopilot Software at Tesla, who testified in court last summer. In 2018, Apple engineer Walter Huang died while driving a Tesla with the autopilot system activated. His family filed a lawsuit and that’s how Elswamy found himself under oath. The video, which remains archived on Tesla’s website, was released in October 2016 and was touted on Twitter by CEO Elon Musk as proof that “Tesla will drive itself.”
* Prior to The Roar 24, qualifying events for the 2023 Rolex 24 At Daytona will take place this weekend, January 20-22, culminating in qualifying. This year, IMSA returns to the traditional format of class-by-class qualifying featured in other rounds of the WeatherTech SportsCar Championship, rather than the sprint races seen on the Daytona road course over the past two years.
* The 45th edition of the Dakar Rally ended in Dammam, Saudi Arabia after 14 stages covering a total of around 5,000 kilometers and featuring dramatic turnarounds in all categories. The overall winner was Nasser Al-Attiyah and co-driver Mathieu Baumel, who piloted his GR DKR Hilux T1+ pickup for Toyota Motor Corporation. Of the 355 cars that started the 2023 Dakar Rally, 235 have finished: 80 bikes (out of 121), 10 quads (18), 46 T1 and T2 cars (67) , 38 lightweight prototypes (47), 39 SSVs (45) and all 22 trucks, and a crew of 80 out of 88, competed in the third round of the Dakar Classic, a regular race for 20th century vehicles. Participated in edition
* Jeff Beck was an undeniably world-class guitarist (named the 5th greatest guitarist of all time by Rolling Stone), but it took him half his life shoving his mitts tight into the inner workings of engines. I didn’t stop spending time in. Jeff Beck had a significant car collection. GQ has a nice story: HERE
* VW CEO Dr Karl Hahn, who led the automaker’s expansion in China, has died at the age of 96. During Hahn’s ten-year tenure, he established the Beetle as an icon of his American pop culture and initiated Audi’s transition into the luxury car segment. He joined his VW in 1954 and became its director in 1982. Under Hahn, VW built factories in China, acquired Seat of Spain and Skoda of the Czech Republic, and expanded into former communist East Germany. Hahn died in his sleep at his home in Wolfsburg, according to a spokesperson for his charity.
Take care. Get well.
