business finance
New Car Transaction Price Drops to $48,401 – Exciting Update!
Hey everyone, great news! The average new car transaction price has officially dropped to only $48,401. Take that, rich people. New cars are finally affordable again. Time for all of us to go out and... wait, you can’t afford to spend $48,401 on a car? Damn. Me either. Well, that sucks. Still, this actually is good…
Hoonigan’s Bankruptcy: $1.2 Billion Debt | Giga Gears
Hoonigan, one of the biggest automotive brands to emerge in the 2010s, has filed for chapter 11 bankruptcy in Delaware.
Affordable EVs: Car Companies Embrace Bold Strategy | Giga Gears
Electric vehicles aren’t cheap yet. I mean, to be fair, no cars are cheap anymore with an average transaction price above $48,000, but now “luxury” EV makers looking to capitalize on a market looking for cheaper all-electric vehicles. Tesla, Rivian, Lucid and even VinFast are planning on bringing cheaper offerings to…
Automakers Benefit from Switching to Hybrids: Giga Gears
Good morning! It’s Thursday, September 5, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know.
Are Frequent Flyer Programs Scams? Feds Investigate Possible Fraud | Giga Gears
Frequent flyer miles are meant to serve as a reward for loyalty toward a specific airline but have evolved into a quasi-currency unilaterally regulated by the whims of airline executives. The U.S. Department of Transportation launched an inquiry into the miles programs of the country’s four major carriers: American…