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Porsche and electric hypercar maker Rimac to set up JV incorporating Bugatti

Green Car Congress

The Volkswagen Group’s Porsche and Croatian hyper-EV developer Rimac have agreed to set up a joint venture that incorporates Bugatti—another Volkswagen Group brand that is moving to the control of Porsche. Rimac will hold a 55% share in the Bugatti-Rimac joint venture, while Porsche will have a 45% share.

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Kelley Blue Book: New-vehicle prices hit record high in November; average new EV price $65,041

Green Car Congress

Porsche and Land Rover showed the most price strength in the luxury market, transacting between 2% to 6.4% Cox Automotive Dealer Sentiment Index. At 43, the current market index is below the threshold of 50, indicating that more dealers view the current auto market as weak than strong. above sticker price last month.

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Toyota, Ford and Stellantis dealerships promote throughout 4 states

Baua Electric

area Toyota pack Fletcher Jones Automobile Team has bought a Los Angeles-area Toyota dealership — Carson Toyota, the sixteenth new-car pack within the Las Vegas corporate’s portfolio. 27 trade in for the consumer and dealers. 27 trade in for the consumer and dealers. retailing 18,876 up-to-date automobiles in 2022.

Toyota 52
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Tesla gets stern snub from its new home state’s EV rebate program

Teslarati

These include 22 BMW models, 17 models from Porsche, 15 from Audi, 6 from Mercedes-Benz, and 14 cars from Ford. “The program currently requires that eligible vehicles must be purchased or leased from a licensed new vehicle dealer or leasing company in Texas. Even Bentley had two models that were included in the list. .

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Auto Alliance pushing for passage of Maryland SB 1234 that would require state purchase of ZEVs; 50% of LDVs by 2026

Green Car Congress

The Alliance of Automobile Manufacturers (Auto Alliance) is strongly supporting the passage of Maryland’s SB 1234 , a bill that would require the State of Maryland to purchase zero emission vehicles (ZEVs) for state fleets.

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Report: Vehicle Supplies Are Climbing Back Up

The Truth About Cars

Vehicle pricing also dropped slightly, though presumably not enough to send anyone running out the door to buy a new automobile due to how outrageously high they’ve been over the last several years. It was followed by Honda, Lexus, Mazda, Land Rover, Cadillac, Kia, Porsche, Subaru and BMW.

Supplies 107
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Bugatti & Rimac partners to form new venture 

Electric Vehicles India

Rimac Automobili announces a major milestone in its history as it has entered into the partnership with the iconic automotive brand, Bugatti Automobiles to form a new automotive and technological powerhouse. Bugatti is contributing a tradition-rich brand, iconic products, a loyal customer base and a global dealer network to the joint venture.

Croatia 104