Most of the modifications occurring within the automotive market right this moment, including tightened credit markets in a capital-intensive trade and increased government involvement are the most recent international challenges. Discussion board. If for any reason a Dispute proceeds in court docket fairly than through arbitration, all such Disputes (no matter theory) arising out of or relating to these Phrases, or the relationship between you and us, will be introduced exclusively in the courts positioned in the county of New York, New York or the U.S. District Court for the Southern District of New York. In such cases, you and we comply with submit to the private jurisdiction of the courts situated throughout the county of New York, New York or the Southern District of New York, and comply with waive any and all objections to the exercise of jurisdiction over the parties by such courts and to venue in … Read More
We’ve written a lot aboutand their absurdity in the past few months as demand outstrips supply. Basically, manufacturing shortages have been leaving automakers without enough new cars to sell to eager buyers. So a ton of shoppers turned to the used car market — and that shows big-time. This past Thursday, Cox Automotive released fresh data that shows the average used car now costs, are you ready for it, $25,101 as of June 2021.
Here’s my first thought: That’s more than a brand-new. I need to say that to help put the dollar figure into perspective because a $25,000 car is not cheap. We’re not talking ultralow-mileage machines, either. Data showed the average mileage on these cars is 68,613 miles, or about five to six years’ worth of driving. So, we’re really
Heidi Mraz‘s automotive portraits are complex and specific, collages of hundreds of pieces of ephemera specific to the car, so her artistic process is arduous. “Fifty percent of my time is just spent gathering information—talking to past drivers, restorers, owners; finding magazine articles and engineering notes in dusty boxes—to fill the provenance record and save this history,” she says.
Consider her latest commission, a four-by-six foot portrait of a famed Porsche 906 race car, chassis number 906-134, owned by Paul Queally, co-founder of the private Monticello Motor Club racetrack in upstate New York. From a distance, the piece looks like a clean image of the swoopy, impossibly low, bright orange, street-legal late-’60s racer. But get closer and more than 1100 individual components related to this winning seven-figure classic come into focus.
“When we unveiled this at Monticello, I had no idea what to expect,” says Queally. “I was
As electric car sales take off and petrol engines face being phased out by 2035, Europe is looking to develop its own battery production base.
Far from being autonomous, Europe needs to accelerate domestic battery output as a national security issue as well as a boost for businesses and jobs.
Batteries that power electric cars and which weigh up to 600 kilograms (1,300 pounds), represent a considerable part of the vehicle’s value.
At the moment, they are mostly produced in Asia, with China, South Korea and Japan the leading manufacturers.
With a mid-July announcement that it intends to ban the sale of new petrol and diesel vehicles by 2035, the European Commission has set a timetable for the bloc’s shift to electric cars.