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“Much of the present DC fast charging infrastructure is for 400-volt autos,” stated BorgWarner’s Husted. “To enable the sooner charging that 800 volt allows, the newest era of high-voltage, high-power DC quick chargers might be needed.” At the identical time, because greater voltages supply the identical amount of power with much less present, cables and wires may be made smaller and lighter, slicing down on consumption of expensive and heavy copper. The major profit is an approximately 50 % sooner charging time for a similar battery size.

The Hummer SUV’s Edition 1 trim will have a spread of about 300 miles, 830 hp and a GM-estimated eleven,500 pound-feet of torque, with a 0-to-60 mph time of 3.5 seconds, GM has mentioned. An all-electric model of the 5 Series, the i5, arrives in the second half of 2023. BMW has been quiet on the model new EV, but the web site BMWBLOG expects two variants initially, including an M performance version. An prolonged wheelbase model of the brand’s top-selling Bentayga, the Bentayga EWB, debuts with an additional seven inches of legroom in the back seat for the chauffeured crowd. The purchase could be Asbury’s first for the reason that firm introduced in April 2022 that it was growing its annual revenue goal to $32 billion by 2025, together with adding including $6.2 billion in revenue via acquisitions by 2025. It additionally comes two years after a boom of megadeals within the auto retail house, together with Asbury’s acquisition of the Larry H. Miller Dealerships.

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The prime 10 sold 1,408,912 retail and fleet automobiles in 2022 and commanded 10.2 % of trade new-vehicle sales, up nearly a full point of share and crossing the ten p.c threshold for the primary time. The high one hundred fifty offered three,440,740 retail and fleet autos last year and held 24.8 p.c of trade new-vehicle gross sales, up by a half-point from a year in the past. Keating Auto is among dozens of dealership groups in search of development via retailer acquisitions and driving consolidation in automotive retail. Honda joins other automakers like Mercedes-Benz, Volvo and Nissan by reaching an settlement with Tesla to undertake the North American Charging Standard for its electrical autos . Safford Automotive ranks No. 104 on Automotive News’ listing of the highest 150 dealership teams based in the us, retailing 9,847 new autos in 2021. Brown Automotive retailed eleven,770 new autos in 2021, in accordance with actual estate services agency Cushman & Wakefield, which represented Brown Automotive in the November deal.

Vw Passat Variant Debuts With Sleeker Styling, Extra Room, And Electrified Powertrains

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Ford Motor Co.’s luxurious model is anticipated to get a lift from freshening the Corsair crossover within the first half of the 12 months and the Aviator crossover later in the year. The Electrified GV70 crossover — the primary Hyundai Motor Group car that could be eligible for no less than a portion of the EV new tax credit score — goes on sale within the first quarter of 2023. The AT4X off-road efficiency trim and a limited AT4X Edition 1 trim might be added, and the bottom Elevation Standard trim will be dropped. A refreshed Sierra HD will go on sale in the first quarter, with new Denali Ultimate and AT4X variations. The greatest launch at GM’s second-largest division in 2023 is the Hummer EV SUV in the first quarter.

It’s been delayed by the identical points Toyota had with its sibling, the Toyota bZ4X. Also on tap is a freshening of the brand’s entry-level crossover, the UX, which will get infotainment and driver assistance upgrades, together with up to date styling. Finally, a true three-row, full-size luxurious crossover, the TX, is predicted to debut late in the 12 months, that includes the brand’s most superior driver help bundle and changing the RX L. Drive has Australia’s newest and most comprehensive automotive news bringing you probably the most up-to-date data on new fashions, remembers, know-how, business and motor exhibits. “But at the same time, we aren’t certain the state Legislature — any state legislature — is the best place to deal with points caused by new and rising automotive expertise.” Automotive News’ third-quarter Finance and Insurance special section examines electric car auto finance trends that dealership gross sales and F&I departments might see at present or leverage sooner or later. Auto Trader launched today a new trade EV Hub to enable retailers to keep observe of the electric automobile market, It will include the most recent used EV retail pricing knowledge and speed of sale, as nicely as new and used ranges of EV supply and demand.

In the world of automobiles, velocity and power are taking a back seat to developments in expertise and innovation. ORA Good Cat stormed the local scene as one of many preliminary electrical vehicle in Malaysia’s compact automobile category, encompassing all the basic … Aston Martin Kuala Lumpur has simply taken exclusivity to an entire new stage man. Staluppi has been buying, too, buying a Chevrolet store in Brooklyn, N.Y., in December. He predicts extra dealerships will go up for sale in the subsequent few years and plans to remain in buying mode but might be selective. On the store side, the top 10 owned 1,617 shops or eight.9 p.c of Automotive News’ complete rely of franchised dealerships in the us, up from 8.6 p.c a year in the past.

“I suppose this was positively an undervalued asset, with a possibility to build a price rather than pay for it.” Safford Automotive on Aug. 1 sold three dealerships representing Ford and Kia as well as Chrysler, Dodge, Jeep and Ram brands to Pohanka Automotive Group. One transaction concerned a retailer ranked on Automotive News’ top one hundred fifty dealership groups list. It may even offer incentives to encourage purchases of electric motorbikes in addition to hybrid vehicles, Industry Minister Agus Gumiwang Kartasasmita said, as part of plans to scale back carbon emissions in Southeast Asia’s largest economy. As a significant participant in lubricants globally, TotalEnergies designs and sells high-performance products for the automotive, industrial, and maritime sectors. Chery Overseas Investment Corporation has reaffirmed its commitment to the growth of technical research and improvement for the growth of the automotive trade.