GM wants U.S. Treasury to reconsider tax credits for Cadillac Lyriq EV
The Treasury and Internal Revenue Service did not classify the Lyriq as an SUV, meaning its retail price cannot be above $55,000 to qualify for up to $7,500 in federal tax credits......»»
5 upcoming Marvel movies and TV shows that are really unnecessary
It seems like Marvel should stop and reconsider its plans for some of its many films and series -- like Bad Bunny's El Muerto -- currently in production......»»
Digital pound likely this decade, Treasury says
The Treasury and Bank of England will formally start a consultation for the digital currency, on Tuesday......»»
Tesla raises Model Y prices after Treasury says it counts as an SUV
After dropping prices by up to $13,000, now they've increased by up to $2,000. Enlarge / Tesla Model Y electric vehicles in a lot at the Tesla Inc. Gigafactory in Gruenheide, Germany, on Saturday, Jan. 21, 2023. (credit: Liesa Jo.....»»
Tesla raises Model Y prices $1,000
Tesla raised prices in the United States of its best-selling vehicle, the Model Y, by $1,000 after the government raised the ceiling on the price of crossover electric vehicles eligible for tax credits......»»
Treasury decides Model Y, Lyriq, ID.4, are SUVs after all, not sedans
Now it will use the consumer EPA standard and not CAFE to decide. Enlarge (credit: Getty Images) On Friday the US Treasury Department published an update to the way it implements the new clean vehicle tax credit. Introdu.....»»
Acura and Cadillac shine, BMW and Porsche falter at the Rolex 24
The new prototypes put on a good show for a packed crowd at the 24-hour race. Enlarge / Nine GTP race cars from Acura, Cadillac, BMW, and Porsche took part in this year's 24-hour race at Daytona. (credit: Jonathan Gitlin).....»»
Treasury modifies vehicle classifications in EV tax credit after industry pushback
The department said it will now use the consumer-facing EPA Fuel Economy Label standard to determine whether a vehicle is a sedan, SUV, pickup or van instead of using EPA corporate average fuel economy, or CAFE, standards......»»
Scenes from the Automotive News Retail Forum: NADA in Dallas
DALLAS -- Dealers and top executives gathered here Thursday for the Automotive News Retail Forum ahead of the 2023 NADA Show. The discussions focused on solutions to the industry’s pressing issues such as the new EV tax credits and FTC regulations......»»
Ford, GM options for EV dealers reshape retail
While Cadillac and Buick are making dealers walk away if they don't want to sell EVs, Ford has allowed for more flexibility but received complaints from some state dealer associations......»»
Dealers, buyers need guidance on EV tax credits
The availability of a credit that carries fewer eligibility restrictions for leasing than for buying could help consumers now, panelists said Thursday at Automotive News Retail Forum: NADA......»»
LinkedIn Live talk Thursday, 11 a.m. from Dallas: EV tax credits
Join our LinkedIn live talk at 11 a.m. Eastern Thursday with guest John Bozzella, CEO of the Alliance for Automotive Innovation......»»
Manchin writes bill to stop temporary electric vehicle tax credits
The senator wants his domestic minerals requirement implemented immediately. Enlarge / "The IRA and the EV tax credits must be implemented according to the Congressional intent to ensure the United States, as the superpower of th.....»»
Manchin bill would immediately cut off credits for EVs that don"t meet battery rules
Under the bill — an amendment of the Inflation Reduction Act — no credit would be available to any new EV that does not meet the critical mineral and battery sourcing requirements, effective retroactively as of Jan. 1......»»
Apple Watch ECG app helps save pregnant woman"s life
A woman credits her Apple Watch with saving her and her unborn baby's life after an alert of an unusually high heart rate.Doctors safely delivered the baby. Source: KCAL NewsJesse Kelly had a few weeks left until her due date and wasn't doing any act.....»»
Forest carbon credits: Report shows new ways to manage risks and returns
Investors wanting to finance forest carbon credit projects should look to diversified investment portfolios in the tropics, says a new report......»»
Undiagnosed heart blockage detected thanks to Apple Watch
A woman credits her Apple Watch with saving her life after the ECG app discovered an previously undiagnosed heart condition.Apple Watch Series 4 and later have an ECG appThe Apple Watch Series 4 and later includes an app that can detect irregular hea.....»»
On new EV tax credits, car dealers ‘don"t have the answers"
Dealers say that more guidance is needed from the federal government and automakers to accurately and confidently assess vehicle and consumer eligibility for Inflation Reduction Act EV tax credits......»»
Tesla drops prices up to 20 percent in attempt to drive sales
The electric automaker is beginning to look a bit desperate for customers. Enlarge / Can big price cuts stop Tesla's share price slide? More of its cars now qualify for US tax credits, at least. (credit: Ethan Miller/Getty Image).....»»
Lincoln, GM and Ford dealerships sell in deals across 4 states
Lincoln, Cadillac-Buick-GMC, Chevy and Ford dealerships traded hands in Q4 and Q1 transactions in four states......»»
I took a VR Holoride through Las Vegas in the back of a ‘67 Cadillac
With its new Retrofit device, Holoride promises a VR amusement park in the back of any car. But its ability to fight nausea may vary......»»