car

No-deal Brexit and Covid threaten ‘double whammy’ for car industry

UK and European carmakers have warned a no-deal Brexit could put a £100bn dent in the region’s car industry in the next five years, adding to heavy losses already caused by Covid-19.

A letter signed by 23 trade groups across Europe urges the government to make a deal rather than default to World Trade Organization (WTO) rules.

It says without one, there will be a “catastrophic” rise in tariffs.

A government spokesperson said it was “working hard” to reach an agreement.

The industry has already taken a £90bn hit this year because of Covid-19, the SMMT added.

The UK left the European Union on 31 January, but will enjoy tariff-free trade with the bloc until the end of the year as part of the transition period.

But fears are growing that both sides will be unable to strike a longer-term trade deal by then.

The European Automobile Manufacturers Association (ACEA),

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Trump bragged about bringing Michigan ‘so many damn car plants.’ Zero new major plants have opened during his presidency.

President Donald Trump addresses supporters during a campaign rally at MBS International Airport in Freeland, Michigan on September 10, 2020. <p class="copyright">MANDEL NGAN/AFP via Getty Images</p>
President Donald Trump addresses supporters during a campaign rally at MBS International Airport in Freeland, Michigan on September 10, 2020.
  • President Donald Trump made claimed at a rally in Michigan Thursday night that he brought “so many damn car plants” to Michigan, Detroit Free Press reported.

  • Only one new major assembly facility has been announced in the state during his presidency, and it isn’t open yet.

  • Trump has frequently boasted the creation of auto plants when speaking to voters in swing states. Only five new car plants have been announced to open in the US since he stepped into office in 2017.

  • Visit Business Insider’s homepage for more stories.

President Donald Trump made a number of misleading and false claims Thursday night in bragging that he revitalized the auto industry in Michigan, as the Detroit Free Press reported.

Speaking to his supporters

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Lucid Air, the $150,000 electric car challenging Tesla

Tesla considers itself the electric car technology leader, but there’s a new competitor emerging to vie for that title.

The company is Lucid Motors, a start-up in Newark, Calif., near Silicon Valley. The car is the Lucid Air, an ultra-luxury ride with advanced battery technology that sets itself apart with posh accoutrements and a market-leading range of 400 miles — more than 500 miles in a special edition. The base model matches the top range on the Tesla Model S and the special edition exceeds it by 100 miles. It also boasts a top speed of 200 mph, should anyone need to drive that fast. The Model S tops out at 155.

Unveiled online Wednesday, the Lucid Air “might finally rival the Tesla Model S … and challenge Elon Musk and his team,” said Jessica Caldwell, an executive director at auto market researcher Edmunds.

It’ll cost you. The price is

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Brabham BT62R Debuts As Road-Legal, Everyday Race Car

Featuring the most powerful non-turbo V8 on the market.

The reports from May last year were correct. Brabham has modified the BT62 race car to become street-legal “in selected markets” and the car you see in the gallery below is the final product. According to the automaker, it is still (nearly) as capable as the actual race car but can finally be driven on public roads.

Gaining the R suffix to reflect the transformation into a vehicle that can be driven on a regular basis, the BT62R comes equipped with a modified exhaust system that meets the restrictions for public use. There’s also an adjustable suspension and an optional air conditioner plus a heated windshield. A set of new Eagle F1 SuperSport tires and a modified aerodynamic package round off the changes.

“Launching the BT62R is a great achievement for the team at Brabham Automotive,” Dan Marks, CEO

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