In 2012, Brazilian entrepreneur Eike Batista was on top of the world: Forbes had ranked him the seventh richest man on the planet, and the wealthiest Brazilian overall with a net worth topping $30 billion. He was named as one of …
A new initiative hopes to turn tourists visiting central Florida into the electric car owners of tomorrow.
It’s becoming more apparent that the fuel economy estimates on new-car windows are often very rough estimates. But the knowledge that these numbers are inflated may not necessarily hurt sales.
American drivers have come to expect that strife in the Middle East equates to a spike in gas prices at home. It looks like we’re about to bomb Syria. And yet gas prices haven’t jumped — and analysts say they probably won’t. In fact, all signs indicate that prices at the pump will plummet, perhaps by more than 20%, in the months ahead.
Some auto insiders are saying that 2014 is shaping up as the Year of the Diesel, with the number of diesel-fueled cars sold in the U.S. set to double over the next 12 months or so, and even more growth expected down the road.
When Ford decided in 2011 to discontinue the boat-like Crown Victoria—long the standard for police cruisers and taxi cabs alike—police departments were forced to go shopping for a new model to take on patrol. And more and more nowadays, police say that the most useful and sensible “car” for them is actually an SUV.
For months, owners of Ford’s C-Max Hybrid have complained that they weren’t getting anywhere near the 47 MPH promised on the car’s window. This week, the automaker said that these customers just may have been onto something.
On Monday, BMW streamed video of the world premiere of the company’s first mass-production electric car. The i3 is a funky-looking four-seater that Wired is calling “the most innovative thing to come out of Munich in a decade.”
Ford is the latest automaker to drop prices on its electric cars, slicing $4,000 off the 2014 Focus EV. The move will undoubtedly succeed in getting more drivers to take a second look at the car. But how long can Ford—and other automakers slashing EV prices—keep on losing money with each electric car sold?
Analysts are saying that it will soon cost nearly 10% more to fill up your gas tank. And wouldn’t you know it: The predicted spike in gas prices will coincide with the vacations of millions of Americans.
In May 2012, the average trade-in value for a 2011 Nissan Leaf was around $25,000. A year later, that same car’s value had fallen to roughly $15,000.
Electric vehicles like the Nissan Leaf and Honda Fit EV used to languish on dealership lots for months. A pricing war with aggressive incentives and cheap lease deals has changed all that.