Automotive News

This week, Stellantis introduced major electrification news and unveiled the all-new Jeep Grand Cherokee 4xe plug-in hybrid. We also lined a number of new automotive previews, critiques, and explainer articles. For the primary time in the study’s 35-year historical past, Ram tops the record as the highest-ranked general model. Rivian is likely considered one of the most fun new automakers to come back out of the burgeoning electrical car revolution. The Rivian R1T pickup truck and Rivian R1S SUV are modern and shockingly succesful.

Even with elevated trade-in values, the common monthly finance fee is on pace to hit a record high of $658 for the month of March, up $73 from March 2021. That interprets to an 12.4% improve in monthly funds from a 12 months ago, which is still under the 17.4% increase in transaction prices. For the first quarter of 2022, total retailer profit per unit is on pace to achieve $5,013, a unprecedented 126% improve from the primary quarter of 2021,” King said. Automakers and sellers are benefitting from the excessive prices and low incentives within the type of huge profits.

The Ford Motor Co. has recalled 300,000 vehicles based on the F-150 chassis to fix a grasp brake cylinder downside. The automobiles can unexpectedly brake at highway speeds, resulting in concerns of rear-end crashes. The automaker says the lights meet standards, but regulators disagree. Reports Unaudited Fourth Quarter and Full Year 2021 Financial ResultsNIO at present announced its unaudited monetary results for the fourth quarter and full yr ended December 31, 2021.

A international microchip scarcity means there are fewer new cars for sale. As a end result, fewer individuals are eliminating older cars, so we now have a system-wide car scarcity and costs are up. This week, Ford’s smallest truck, the Maverick, delivered in a giant means with an EPA-official forty two city mpg for the hybrid. Also sizable was Land Rover’s blurry teasing of its all-new Range Rover forward of subsequent week’s reveal. This week, the Los Angeles Auto Show is taking place, giving brands like Hyundai a global platform to show off. The South Korean automaker has a lot to brag about late in 2021, and among its wares at this year’s show is a brand new all-electric SUV idea known as Seven.

Toyota will offer a new special edition of its fourth-generation Highlander midsize crossover SUV next 12 months, and it guarantees to turn heads wherever it goes. Changes to the 2022 Toyota Tacoma include a brand new Trail Edition and a substantially upgraded TRD Pro model. The Jaguar F-Type has at all times been one of the prettiest sports activities automobiles on the planet. But due to the number of powertrains it provided, it by no means had a transparent id. For the 2022 mannequin yr, all U.S.-spec 2022 Jaguar F-Types will get a potent, supercharged V8. The 2021 Ford Bronco is amongst the most anticipated automobiles to hit the market in years.

Check out the week’s high story and our newest review…along with a dive into the previous with this week in automotive historical past. More than just “another” place to find news, critiques, spy pictures, commentary, features, and guides about the auto industry. TheDetroitBureau doesn’t cease with the press releases or confuse a couple of lines of opinion with insightful, in-depth reporting. We first reported about VW’s production pause back in late February 2022.

If you’re a fan of wrenching on old vehicles, you realize what a crate engine is. Old cars restored with modern crate engines are generally identified as “restomods.” In association with SEMA360, Chevrolet is displaying a model new restomod of its own Automotive News. The Maxima SV is sort of $3,000 dearer than a loaded Altima Platinum. The changes get rid of worth overlap between the different models, clearly positioning the Maxima as the corporate’s flagship sedan.