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If you’re a fan of wrenching on old vehicles, you know what a crate engine is. Old automobiles restored with modern crate engines are often identified as “restomods.” In association with SEMA360, Chevrolet is exhibiting a new restomod of its own. The Maxima SV is nearly $3,000 costlier than a loaded Altima Platinum. The adjustments get rid of price overlap between the different models, clearly positioning the Maxima as the corporate’s flagship sedan.

The Ford Motor Co. has recalled 300,000 vehicles primarily based on the F-150 chassis to fix a master brake cylinder problem. The automobiles can unexpectedly brake at freeway speeds, resulting in concerns of rear-end crashes. The automaker says the lights meet standards, however regulators disagree. Reports Unaudited Fourth Quarter and Full Year 2021 Financial ResultsNIO right now announced its unaudited monetary results for the fourth quarter and full yr ended December 31, 2021.

This week, Stellantis introduced main electrification news and unveiled the all-new Jeep Grand Cherokee 4xe plug-in hybrid. We additionally covered a number of new automotive previews, reviews, and explainer articles. For the first time in the study’s 35-year history, Ram tops the record because the highest-ranked total model. Rivian is amongst the most fun new automakers to come out of the burgeoning electric car revolution. The Rivian R1T pickup truck and Rivian R1S SUV are sleek and shockingly capable.

Jaguar has introduced a handful of necessary adjustments to the 2021 I-Pace electric SUV. Chief among them is a newly commonplace 11-kilowatt, 3-phase onboard charger, an enchancment over the earlier 7-kW, 2-phase unit. This improve shaves greater than 4 hours off of the EV SUV’s in a single day charging time. Toyota is canceling the Yaris subcompact after the 2020 model 12 months, in accordance with a quantity of stories and claimed confirmation by a Toyota spokesperson. The Mazda-based Yaris hatchback was new for 2020, replacing the previous France-sourced Yaris hatch, however gradual gross sales have sealed the car’s fate.

Even with elevated trade-in values, the common monthly finance cost is on pace to hit a record high of $658 for the month of March, up $73 from March 2021. That interprets to an 12.4% improve in monthly payments from a year in the past, which remains to be below the 17.4% improve in transaction prices Automotive News. For the first quarter of 2022, whole retailer profit per unit is on tempo to succeed in $5,013, a unprecedented 126% improve from the primary quarter of 2021,” King mentioned. Automakers and dealers are benefitting from the excessive prices and low incentives in the form of big income.