Month: July 2022

Auto News

The Best Locations To Buy Used Vehicles In America

15 Feb 2021, 14:42 UTC. At the very least the automobile has a wonderful 360-diploma surround view digicam system that has a number of the greatest and most crisp graphics within the enterprise. It is not as advanced as what BMW does these days (it renders your car in 3D and then places it in a scene modeled on what’s round you), however this extra simple strategy by Mercedes really cannot be faulted.

Some house owners in China found that their brand-new Model 3s have been shipped with Autopilot hardware processor version 2.5. Present Model 3s have been delivery with processor version 3.0 since April 2019 During an event showcasing the corporate’s Autopilot know-how, CEO Elon Musk mentioned the 3.zero hardware has the power to process photos 21 instances faster than version 2.5.

Jaguar’s first SUV is a doozy, with exceptional handling, loads of cabin house and looks that rocketed it to the highest of Jag’s range as its best-promoting mannequin until it was overtaken by the smaller E-Pace. The e-tron GT is predicted to reach later this year, and we expect to see them at dealerships in early 2021. It will join the existing e-tron and e-tron Sportback SUVs in addition to the upcoming This fall e-tron crossover in Audi’s electrical lineup. Pricing is also unknown, however will possible begin round $one hundred,000.

In entrance, the vehicle in these pictures appears to have almost the same fascia design as the present 718 Cayman GT4 After comparing them, the splitter on the RS seems to be just like the half may be a bit of larger. The camouflaged rectangle in the center covers one of the locations the place Porsche identifies the RS fashions , so it makes sense to conceal the area here.

Gravity has a bunch of luxurious … Road more

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Car Industry

Randy Parker named CEO of Hyundai Motor America; second

Hyundai Motor Co. is making key executive shifts, including the appointment of Randy Parker as CEO of Hyundai Motor America.

The changes follow the expansion of responsibilities for Jose Muñoz, who is global COO of Hyundai Motor Co. as well as CEO of Hyundai Motor North America.

Parker will be responsible for leading Hyundai’s commercial automotive operations in the U.S. and will report directly to Muñoz, the automaker said in a statement on Thursday.

He is one of the first African Americans to be named CEO of an automaker in a regional market. He’s also the second Black CEO named in the U.S. auto industry this month. On July 12, Lordstown Motors Corp. named Edward Hightower as its new CEO — the first Black CEO of a U.S. automaker in more than 100 years.

In his current role as senior vice president of national sales for Hyundai Motor America, which he assumed in 2021, Parker has had oversight of all aspects of sales and distribution.

Bob Kim, who is currently general manager for Hyundai’s southern region, will assume the national sales role and report to Parker.

Other moves

At the same time, Hyundai said it is promoting Tedros Mengiste, executive director of sales operations at Genesis Motor America, Hyundai’s luxury arm, to vice president of sales operations for Genesis. Mengiste will continue to run sales, production, distribution, incentives and field operations in the U.S. and continue to report directly to Genesis COO Claudia Marquez.

Edgar Carranza will become CEO of Hyundai Motor de Mexico, charged with oversight of commercial automotive operations in the region. Carranza, currently COO, will report directly to Munoz.

All the appointments take effect Monday.

Under Parker’s sales leadership during a period of industrywide inventory shortages, the Hyundai brand logged 738,081 U.S. sales in 2021, a

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Car News

Ferrari 296 GT3 Race Car Revealed

  • Ferrari has revealed its 296 GT3 racer, which features a 24-valve V-6 like the roadgoing 296GTB but without the accompanying electric motor, to comply with technical regulations.
  • According to Ferrari, the 296 GT3 produces 20 percent more downforce than the previous 488 GT3.
  • The 296 GT3 will make its racing debut at the Daytona 24 Hours in January 2023.

    The prancing-horse brand has shown off its new competitor in GT racing, the 296 GT3. The sheet was lifted Friday morning in the paddock of Spa-Francorchamps in Belgium ahead of the 24 hours of Spa, which takes place this weekend.

    Based on photos, the 296 looks like one hell of a race car. Photos of the car show similarities with the 296 GTB it is based on, though with a much racier presence. Pictures of the front of the car show off two layers of louvers set above the already aggressive front splitter. Seen head-on, this thing looks like an incredible aero machine. The numbers seem to tell the same story, according to Ferrari, the 296 GT3 produces 20 percent greater downforce than the 488 GT3. According to Ferrari, “The 296 GT3 lives in symbiosis with the air around it, exploiting it to maximize grip and handling, benefiting gentleman drivers and professionals alike.”

    Ferrari

    Power figures are down from the roadgoing model due to the absence of the hybrid powertrain. Ferrari had to forgo the electric motor to meet technical regulations in the GT championship, bringing power down from a combined 819 horsepower to an estimated 600. The engine is positioned farther forward and lower, in a 120-degree configuration with the turbos inside the V, to lower the center of gravity and improve torsional stiffness compared to the 488 GT3.

    ferrari 296 gt3 engine

    Ferrari

    In a move away from the GTB, with its lightning

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    Cars Review

    Pontiac Fiero Race Car Review: It Deserves Our Respect

    When I bought my first car, a Toyota MR2, I did so without even considering the United States’ mid-engined alternative, the Pontiac Fiero. On account of its rep for catching fire, being tricky to drive, and popularity with kit car goobers, it’s more often than not the butt of a joke. Plus, it was an ’80s General Motors product, which was about as far as you could get in every way from the sport compacts of Japan’s golden age—cars like my MR2. As I’ve grown older, though, and my horizons broader, I’ve found myself wondering: Was I missing out on something? In spite of the Fiero’s reputation, was it actually good and a worthy alternative to the more esteemed MR2?

    I got my answer from a couple of hours’ track time in what’s probably one of the best Fieros out there: The venerable number 90 of Salty Thunder Racing, a 24 Hours of Lemons team. While the series may be known for its $500 race cars, this two-time class winner is no hunk of junk. It’s about as good an example of a Fiero as they come, and it convinced me that Pontiac’s mid-engined sports car is an overlooked classic.

    James Gilboy

    1985 Pontiac Fiero Race Car Review Specs

    • Purchase price: $500
    • Powertrain: 2.8-liter V6 | 4-speed manual | rear-wheel drive
    • Horsepower: 200 (approximate)
    • Curb weight: 2,480 pounds
    • Provenance: Two Class B wins in the 24 Hours of Lemons
    • Quick take: Mid-engined, analog, and often scoffed at, the Pontiac Fiero is an under-appreciated bargain by modern sports car standards.

    Another GM Icarus

    GM’s Chevy Corvette protectionism has claimed many victims over the years, and the Pontiac Fiero was one of them. After a rough few years of unrealized potential (during which it developed its reputation for catching fire), the Fiero

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    Auto News

    GM selling first green bonds hoping to challenge Tesla in

    General Motors sold environmentally friendly bonds for the first time ever, joining its competitors in tapping the sustainable debt market to fund the transition to EVs to compete with Tesla.

    The automaker priced $2.25 billion of green bonds in two parts, according to a person with knowledge of the matter. The longest portion of the offering, a 10-year security, yields 2.95 percentage points above comparable Treasuries, after initial discussions of as much as 3.2 percentage points, said the person, who asked not to be identified as the details are private.

    At $2.25 billion, it is the second-largest green deal from a U.S. corporation outside of the financial sector, according to data compiled by Bloomberg.

    “For the future of not only automakers but just transportation more broadly, it portends very well to see the likes of GM come to market with a green bond,” Marcus Martin, head of ESG for commercial products at U.S. Bancorp, said in an interview at Bloomberg headquarters in New York on Thursday.

    Companies and governments have borrowed $264 billion in the global green bond market so far this year, a 5.3 percent drop from the same point last year, according to data that Bloomberg compiled. Top Wall Street debt underwriters, however, see an enduring boom in all things environmental, social, and governance in the second half of the year.

    GM expects to allocate the net proceeds from this offering exclusively to clean transportation solutions, including investments for the design, development or manufacture of clean transportation technology and enabling solutions, said the person with knowledge of the matter.

    GM’s competitors including Ford Motor Co., Toyota Motor Corp. and Honda Motor Co. have all tapped the sustainable debt market to fund a transition to electric cars. Ford raised $2.5 billion in green bonds in November, at the time

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