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Tesla maintenance and repair costs are lowest in the auto industry: data

Teslarati

Tesla’s 10-year maintenance and repair costs are the most affordable in the automotive industry, as shown in a new data analysis publicized last week. The total 10-year cost of maintaining and repairing a Tesla is the cheapest in the industry, according to a data analysis shared by Consumer Reports on Friday.

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Study: Tesla leads with lowest ownership cost, beats Toyota

Green Car Reports

As part of its 2023 Annual Auto Surveys, Consumer Reports asked owners how much they paid out of pocket for maintenance costs like oil changes over the previous 12 months. Teslas are less expensive to maintain than other car brands, including some with strong reputations for reliability, according to Consumer Reports.

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Auto supplier Adient cuts jobs, transfers roles in Europe to shave costs – ET Auto

Baua Electric

European automakers face a trifecta of challenges: soft demand due to higher borrowing costs that discourage car purchases, fierce competition from Chinese rivals, and higher input costs squeezing their margins. The company did not disclose how many employees were affected by the layoffs or which countries it is shifting roles to.

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Li Auto CEO says battery swap model promising in cost reduction

CN EV Post

If electric cars can be sold to consumers without batteries, the cost can be lower than fuel cars, said Li Xiang. The post Li Auto CEO says battery swap model promising in cost reduction appeared first on CnEVPost. For more articles, please visit CnEVPost.

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Upstream Security: cyber hacks could cost auto industry $24 billion within 5 years

Green Car Congress

Cyber hacks might cost the auto industry roughly $24 billion within five years, according to a new study by Upstream Security , which specializes in cloud-based security protection. Just one cyber-hack can cost an automaker $1.1 The risk is immense. —Oded Yarkoni, Head of Marketing at Upstream Security.

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Lectric ONE shockingly unveiled as low-cost premium e-bike with auto-shifting gearbox

Electrek

Positioned as a premium commuter e-bike in the budget space, the new model marks equally new territory for the low-cost e-bike company turned premium space competitor. In what is likely to the biggest shock unveiling in the e-bike industry so far this year, leading electric bike maker Lectric Ebikes has just rolled out the new Lectric ONE.

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More pain ahead for legacy auto as Tesla slashes battery investment costs in half

The Driven EV News

Tesla's recent Nevada factory announcement appears to show that it has slashed battery investment costs in half, spelling more trouble for competitors. The post More pain ahead for legacy auto as Tesla slashes battery investment costs in half appeared first on The Driven.

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