Mercedes-Benz has become the latest carmaker to exit the Russian market following Moscow’s invasion of Ukraine in February 2022. The firm stopped building cars in Russia in March 2022, and it announced plans to sell its remaining Russian assets to a local investor. “Mercedes-Benz intends to withdraw from the Russian market and to sell the shares in its subsidiaries to a local investor. The completion of the transaction is subject to all relevant authorities’ approvals. Mercedes-Benz has already suspended the export of passenger cars and vans to Russia as well as the local manufacturing in Russia at the beginning of the year,” a company spokesperson told Autoblog. Read original article here.
Ford bumps F-150 Lightning price up another $12,000
It was nearly too good while it lasted. The original base price assigned to the 2022 Ford F-150 Lightning Pro was eye-popping for its size, or lack thereof: Here was an all-electric full-size pickup truck listed at just over $41,000. …
taq Automotive Intelligence teams up with VinFast
Canadian-based taq Automotive Intelligence has teamed up with VinFast to support a digital retailing offering for customers of the electric vehicle manufacturer. The partnership was announced on July 4; under the agreement taq Automotive Intelligence will provide an “intelligence-based, white-labeled” …
New car buyers paying record prices, taking on record loan payments
The average new car price is set to reach $46,259 by the end of August, eclipsing last month’s record and the one before that, according to the latest sales forecast from J.D. Power. New car prices breaking records has become …
Finally! Anti-theft software upgrades for pre-2020 Kia and Hyundai models
Owners of certain models of Kia and Hyundai vehicles will be entitled to software upgrades designed to cut down on a rash of thefts nationwide officials say are exacerbated by some social media videos. The fixes, intended to be distributed …
Polestar 6 LA Concept Special Edition sells out in one week
Swedish EV specialist Polestar announced in August that it would build an electric convertible based on its O2 Concept. The concept made its way to Monterey Car Week the following week, alongside the announcement that the automaker would build 500 …
Government incentives proven to help push EV adoption in Europe
ResearchAndMarkets.com has released a new report, “Europe Electric Vehicle Market Outlook, 2027,” which studies the countries of Germany, UK, France, Netherlands, Norway, Sweden, Italy, and Spain, which in total accounted for a market of $81 billion in the year 2021. …