Car

GM Has an Electric Car That Will Tap Into an Unexplored Market

The race for electric vehicles is intensifying every day, with multiple announcements coming from legacy automakers as well as young entrants and technology groups. 

The recent spike in gasoline prices has revived interest in battery-powered vehicles. That in turn has prompted carmakers, who face rising prices for raw materials such as nickel, to boost EV prices.

Nickel is a key metal in the development of the battery, which is the heart of an electric vehicle because it determines the car’s range and performance. The battery also factors into the safety and the longevity of the car as well.

All these factors, together with the shortage of microchips and the disruptions in supply chains, put electric vehicles beyond the financial reach of average consumers. 

As TheStreet’s Kirk O’Neil recently wrote, based on the median salary of $51,480 before taxes for 2021 from the U.S. Bureau of Labor Statistics and the

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Apple Car ‘delayed AGAIN’ as insider warns entire team is being ‘dissolved and remade’

APPLE’S long-rumored electric car may be facing massive delays according to an insider who claims the engineering team has been “dissolved”.

The tech giant has been looking at expanding into the automotive industry for years under its secretive “Project Titan”.

The Apple Car has been through several iterations over the years. This render was created by online designer Jermaine Smit who suggested what the car might look like

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The Apple Car has been through several iterations over the years. This render was created by online designer Jermaine Smit who suggested what the car might look likeCredit: LetsGoDigital

Rumors of an Apple-built car first surfaced in 2014, but the firm has never officially announced what they are planning, or given a possible release date.

But the company has hired staff from Tesla and Ford in a bid to progress their plans, and tech experts had suggested a 2024 announcement, according to BGR.

However, it appears that timeframe may have been pushed back, according to one Apple source.

Ming-Chi Kou, a tech analyst and reputable Apple insider,

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Car Reviewer Micah Muzio Names Five Cars He’s Owned and One He Wants

Car buyers who do their research usually run their options through Kelley Blue Book, an automotive research company that recommends new and used cars, gives up-to-date pricing and shows car listings.

A component of that, its video reviews, are gaining popularity. With more than 600,000 subscribers on YouTube, viewers have been watching Micah Muzio, the company’s video manager, give his opinions on the latest cars since 2007.

In his experience, he tries to approach every review by asking what problem the vehicle is trying to solve. That’s why he’s much more interested in reviewing minivans than supercars.

“If I’m going to be of use to the automotive world and people who are buying cars, it’s kind of cool to weigh in on cars that people are actually going to buy,” he said.

Muzio told us about five cars he has owned in his life and his ultimate dream car.

1986

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Ending your car lease is tricky, but can still pay off

That car you leased three years ago probably has become a cash cow. But deciding what to do with that equity — and what to drive next — has become confusing.

Before the car market was turned upside down by the pandemic, microchip shortages and supply chain disruptions, most people simply turned in their leased cars. But now that most leased vehicles are worth thousands of dollars more than the predetermined price in the lease contract, a savvy consumer might want to leverage that bonus.

And that’s where things get tricky.

“Getting the equity out at the end of the lease is more difficult than just turning it back in,” says Scot Hall, executive vice president of operations for Swapalease, which matches leaseholders with car shoppers looking to take over a lease.

There’s a new wrinkle

“Captive” automotive lenders, the financing arms of manufacturers that usually handle leases, want those

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