Columbus, OH

24/7 Wall St.

The EV Sector Can’t Stop Burning CashIn our discussion, we highlight Lucid (NASDAQ: LCID) Motors’ dire financial situation despite producing 2,110 cars in the second quarter. The company has suffered substantial losses, with its stock down 85% over the past two years and billions of dollars in shareholder value wiped out. We conclude that Lucid’s […]
The post This Company Is Headed For Bankruptcy appeared first on 24/7 Wall St..

This Company Is Headed For Bankruptcy

Michigan State

Penske Automotive Group has just purchased Michigan’s Bill Brown Ford in Michigan, which sells more Ford-badged automobiles than any other retailer in the world. This is the second Ford dealership purchased by the company this year. Penske had previously bought Don Allen Auto Service Inc. in Massachusetts. Thus far,...

Penske Automotive Buys Largest Ford Dealer Network By Sales

California State

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Ash Jurberg

From $8 Billion to Bankruptcy: California's Fisker Sells Off EVs at Rock-Bottom Prices. Fisker, the once-promising California-based electric vehicle manufacturer, has entered a new phase of its bankruptcy proceedings with a court-approved plan to liquidate its inventory at drastically reduced prices. The company, which filed for bankruptcy protection last month after failing to secure a buyer, has been granted permission to sell over 3,000 of its Ocean SUVs to American Lease for approximately $46.25 million.

California EV Maker's Downfall: Luxury Fleet Offloaded in Bankruptcy Fire Sale

Three words: Made in America. We Americans carry quite a bit of national pride when it comes to our homegrown car manufacturers, be they Fords, Chevys, or Mopar. On this, the fourth day of the month of July, we celebrate American independence. Given the current political climate, however, I know why I’m not feeling very patriotic, but it turns out our American car companies aren’t very patriotic either. Not a single Ford, Chevrolet, or Dodge ranked in the top 15 of Cars.com’s list of the most American-made cars in 2024. Here’s the criteria that Cars.com uses to reach these rankings,

Only 2 American Carmakers Make This List Of The Most American-Made Cars On Sale Today

When speaking about reliability, there is a good chance one brand will stand out among the rest: Lexus. You might go as far as to say the Japanese luxury giant has made their brand synonymous with the term reliability. Yet, is Lexus still offering top tier reliable luxury vehicles in 2024? The short answer is yes. Using J.D. Power's 100-Point Score system, the highest ranked compact premium car in 2024 is the 2024 Lexus IS sport sedan, with an 88/100 score.

The Most Reliable Japanese Car In 2024

MotorBiscuit


Some vehicles depreciate more and more quickly than others. These are a handful of the worst offenders. 
The post Want a Car With The Best Resale Value? Avoid These 5 Rides appeared first on MotorBiscuit.

Want a Car With The Best Resale Value? Avoid These 5 Rides

New York City, NY

Cheryl E Preston

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!. The first part of this story will be of little interest to CleanTechnica readers. Previously, Ford had announced plans to build a three-row battery electric SUV at its Oakville Assembly Plant in Ontario, Canada, in 2025. In April, it pushed the start date for production of that as yet unnamed vehicle back to 2027. At the same time, Ford had suggested the Oakville factory would also become a manufacturing hub for the F-150 Lightning battery electric pickup truck. But now, according to Reuters, the company has decided to move production of its F-Series Super Duty pickup trucks to Oakville and put production of the electric SUV and Lightning on hold until the demand for electric vehicles clarifies itself.

Ford Decides To Build Super Duty Pickups, May Be Experimenting With In-Wheel Motors For F-150 Lightning

GOBankingRates

As many Americans struggle to afford the high price of new cars, used cars are rising in popularity -- even cars that are 10 years or older. A recent iSeeCars.com study found that the market share of...

18 10-Year-Old Used Car Models Under $15K That Are High in Demand

Minnesota State

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National Weather Force

Severe thunderstorms are expected across parts of North Dakota and northern Minnesota from the late evening into overnight. These storms are capable of producing damaging winds and large hail. Refer to the detailed forecast for further specifics below.

Damaging Winds & Large Hail Expected; Northern Plains; Late Evening – Night of July 27th, 2024

Illinois State

Chicago, IL

Foodie in Chicago

MOD Pizza has over 500 locations across the country with 22 restaurants in Illinois. The Washington-based chain offers fast-casual fare known for its customized, artisan-style pizzas. Customers can choose from over 40 toppings and 8 sauces to create their own masterpiece.

Bankruptcy Looms for Major Pizza Chain With Chicago Suburban Locations

TheStreet

With 14 brands under its belt, some may be at risk of being axed.

Which Stellantis brands will be the first to go?

Used cars have been a real headache for buyers, as new car prices have pushed used models into the stratosphere in rarity and cost. That trend is more dramatic with some vehicles than others, however, as iSeeCars’ recent study found that some used models saw significant market share growth, and the increase is relatively closely correlated with their price.

These used cars have the greatest market share growth over the last 10 years

GM is delaying the opening of its Orion Assembly EV plant until 2026, the second delay for the site that will make the Chevy Silverado EV. That move, and a decision to postpone the introduction of a Buick PHEV are down to lack of buyer interest in electrified vehicles. Ford...

GM And Ford Are Powering Down EV Plans, Will Make More ICE Cars And Trucks Instead

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

Colorado State

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David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

When Fiat Chrysler and PSA Group merged in 2021 to form Stellantis, the new automotive giant seemingly had one major flaw: an ungainly 14 brands to herd and feed. The expectation was that many would be killed off. This is an industry where even major companies tend to have two mouths to feed: a mainstream brand and a luxury one. Think Honda/Acura; Toyota/Lexus; Ford/Lincoln; Nissan/Infiniti. The Koreans have three: Hyundai, Kia, and Genesis. Tesla has only one: Tesla (we don’t count robots). Even General Motors, which had eight brands, axed four of them as part of its bankruptcy restructuring in 2009. Volkswagen is the only other automaker to buck the trend with a full stable of brands.

Kill, Sell, or Keep? Stellantis Ponders Fate of Maserati, Chrysler, and More

Missouri State

Fulton, MO

CJ Coombs

Updated on July 17, 2024, concerning two of the missing children listed below. Bringing them home: for 40 years, the National Center for Missing and Exploited Children (NCMEC) has been helping to locate missing children.

Seven teenagers have been missing in Missouri since June 2024

Volkswagen will invest $1 billion in Rivian and increase it to as much as $5 billion over time. German automaker Volkswagen has announced plans to invest up to $5 billion in Rivian, a California-based electric truck company, as reported by The New York Times. The deal will have the two auto manufacturers collaborate on building software for electric vehicles.

Volkswagen stuns industry with announcement of $5 billion investment in Rivian: 'This is important for us'

Virginia State

Ronkonkoma, NY

The New York Post reveals that two men who died in a plane crash at MacArthur Airport were from Virginia. The men had been visiting friends in Long Island and were returning home when the tragedy occurred.

Life partners from Virginia have been identified as the victims of a New York plane crash

NewsBreak

Recaro Automotive Files for Bankruptcy After Over a Century of Business

Another automotive company is biting the dust. This time the victim is the stalwart seat maker Recaro Automotive. According to a report from Autobild, the company...

Recaro Automotive Files for Bankruptcy After Over a Century of Business

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