Automotive News Europe Latest News On The Auto Industry, Provide Chain, Evs And European Gross Sales
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The average incentive per new car in November was expected to succeed in $1,009, down from $1,551 in November 2021, J.D. Power and LMC Automotive forecast, with spending as a percentage of the common sticker worth on tempo to fall to 2.2 percent, down 1.three share points from November 2021. New-vehicle prices remain at report ranges, with the average transaction worth expected to succeed in $45,872 — a document for November and a three.1 % enhance from a year earlier, J.D. But that would be down slightly from a report $46,171 in July, J.D. Power and LMC say. TrueCar estimates average transaction costs tallied $45,290 in November, up 2.8 percent from November 2021 and 1.2 percent from October. The seasonally adjusted annualized fee of sales in November came just above expectations at 14.4 million vehicles, according to Motor Intelligence.
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Automakers are courting Indonesia for its raw supplies used in producing EV batteries, which account for about 40% of a car’s sticker price, aiming to cut prices and shut the gap on EV market chief Tesla. Shell Malaysia has introduced to the market its own range of high-quality automotive care solutions. The Felicity Ace cargo included 189 Bentleys carrying a median price tag of about $300,000, in accordance with a Bentley spokeswoman on the time. “Vessels are increasing in size, delivery routes are getting busier, ships are packed tighter and typically overloaded,” she mentioned.
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Micromobility products similar to e-bikes are regulated by the Consumer Product Safety Commission, which additionally governs standards for bicycles. Statutorily, the fee can solely urge compliance with voluntary standards — unless the present commonplace does not adequately scale back client danger, or unless producers are unlikely to comply. Fly-by-night businesses recharge batteries in plywood cubbies for a fee, extension cords and power strips dripping down the walls like vines. Battery injury can happen during a crash or during an immersion in water, as was the case with lithium ion battery fires throughout hurricanes Ian and Sandy.
Rolls-Royce has optimized the aerodynamics across the automotive to attain a claimed drag coefficient of 0.25, making it the sleekest mannequin it has produced. Polestar three production will start at Volvo Cars’ Chengdu, China, factory, but U.S. production is scheduled to start at Volvo’s Ridgeville, S.C., plant in the first quarter of 2024. A battery-powered, U.S.-made version of the Sprinter van will arrive within the second half of 2023.