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Hyundai taps ex-Porsche, Apple Car exec to bolster performance as it transitions to EVs

Baua Electric

Hyundai is bringing on ex-Porsche and Apple exec Manfred Harrer to lead the development of its new luxury Genesis Magma brand. Hyundai hires ex-Porsche, Apple Car exec Hyundai Motor announced Tuesday it had hired Harrer as executive vice president and head of its newly established Genesis & Performance Development Tech Unit.

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Lincoln puts EVs on the back burner amid Ford’s shift to more affordable EV models

Baua Electric

After Ford announced a surprising shift to more affordable EVs, its luxury Lincoln brand is putting electric on the back burner. Lincoln backtracks on EVs as Ford shifts to affordable In an interview (via Detroit News ), Lincoln President Dianne Craig said that the company is “listening to what customers really need.”

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Used Tesla vehicles crush industry average depreciation despite price cuts

Teslarati

Used Tesla Model 3s and Model Ys aren’t depreciating nearly as fast as their luxury vehicle counterparts, despite five price cuts in the year’s first quarter. One concern many Tesla owners have shared online following the series of price cuts implemented by Tesla is that their vehicles would, in turn, dramatically depreciate.

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Volvo EX60 set to arrive as new Tesla Model Y, Porsche Macan luxury electric SUV rival

Baua Electric

The new EX60 will rival premium models from Tesla, Porsche, BMW, and Mercedes-Benz. After launching its most affordable EV, the EX30, last year, Volvo’s compact electric SUV is already making a significant impact on the company. It will sit between the EX40 and EX90 in Volvo’s expanding EV lineup.

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GWM Ora Sport on ice, but sleek high-performance EV could still get the tick of approval as a sporty rival to Tesla, BYD

EV Central

The sleek five-door with styling similarities to a Porsche Panamera is instead being put on ice as the fast-growing Chinese giant monitors the evolution of the local EV line-up. That’s made the Ora the most affordable EV on the market in recent months, something that has done little to boost sales.

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Automotive Execs Speculate About Hypothetical EV Camaro and Mustang Sedan

The Truth About Cars

He stated that he believes the future GM remains electric and that a sports coupe focused on sublime driving dynamics and a lower price point would be preferable to a model that’s focused on lap times and output figures. While Farley said Ford did not want to copy Porsche’s playbook, it does appear to want to target its business. “We

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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. From Cox Automotive: The average new-vehicle listing price opened February at $47,142, down 1 [percent] from a year ago.

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