Day: April 27, 2021

10 Best Automotive Stocks to Invest in Now

In this article we will take a look at the 10 best automotive stocks to invest in now. You can skip our comprehensive analysis of these stocks and go directly to the 5 Best Automotive Stocks to Invest in Now.

Global car sales took a major battering due to the COVID-19 pandemic last year as the lockdown restrictions dramatically decreased demand for new vehicles. According to research by credit rating agency Moody’s, automotive unit sales plunged almost 16% in 2020, beating projections of a 14% drop at the beginning of the coronavirus crisis. This was the sharpest decline in car sales in many decades, even beating the 9% crash witnessed following the 2009 financial crisis. However, the rating agency forecast that sales would rebound in 2021.

London-based information provider IHS Markit Ltd. (NYSE: INFO) estimates that the rebound is likely to result in a 9% year-on-year improvement

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Man Faces Expenses In Prepare Automobile Smuggling Try

Many of the adjustments occurring within the automotive market in the present day, including tightened credit score markets in a capital-intensive trade and increased government involvement are the most recent international challenges. Earlier than you substitute your useless lead-acid battery, you should verify the state of your bike’s charging system – notably on older bikes. There may be a problem that brought on the previous battery to fail. A healthy motorcycle charging system places out about 14 volts at 2,000 rpm, and a lithium battery wants between thirteen and 14 volts to charge. In case your bike produces lower than that because of a tired charging system, the lithium battery won’t charge, and it’ll ultimately run out of juice, leaving you excessive and dry.

The CEO of Fiat Chrysler Automobiles says COVID-19 is the most important risk the auto business has ever confronted and he and the affiliation he leads … Read More

Tesla reports higher profits, says expansion on track

Tesla reported a jump in first-quarter profits Monday on surging electric vehicle sales, and the manufacturer said it was on track to boost automotive capacity at factories in three countries.

The electric car maker set production and delivery records in the quarter, with the auto industry upstart’s Model 3 becoming the best-selling premier sedan in the world, according to chief executive Elon Musk.

“We’ve seen a real shift in customer perception of electric vehicles and our demand is the best we’ve ever seen,” Musk said on an earnings call.

“Only three and a half years into production and with just two factories, for Model 3 to be out-selling its combustion engine competitors is quite remarkable.”

Musk’s electric car company has faced questions in recent days following a fatal car crash in Texas and sharp criticism of the company on social media in China.

But Monday’s results were strong as Tesla

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Why This Unrestored 1955 Ferrari Could Fetch a Bonkers $2.6 Million at Auction

The allure of unrestored cars has grown over the past couple of decades, with “survivor” vehicles now featured in their own classes at the most prestigious concours events worldwide. The most coveted of these survivors are so-called barn finds—cars sequestered in a dusty garage, shuttered warehouse or even a chicken coup, only to be disinterred decades later. Visions of Howard Carter opening King Tut’s tomb come to mind, and these modern-day automotive discoveries reveal their own amazing secrets.

This 1955 Ferrari 250 Europa GT, offered by Gooding & Company, is an exciting example of a car likely to be worth as much or more in its original condition than if it were a pristine, restored example. That this Prancing Horse has been in a state of suspended animation for 55 years makes it a precious research tool for collectors, historians and restorers. Gooding & Company estimates it will bring

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