Finally

When Will Flying Cars Finally Be Ready for Public Society?

When you think of a flying car, you imagine a car taking off in the middle of the road and hovering across the city. It’s something science fiction movies have been obsessed with for as long as the genre has existed. More importantly, people have been trying to turn this fiction into a reality for over a century now.

Futurologists of the mid-1900s predicted that flying cars would fill the skies by the end of the 20th century, completely changing how we commute. And yet, we haven’t seen any major signs of that happening. At least not yet. Let’s find out why.

A Brief History of Flying Cars

In the early 20th century, people saw flying cars as the answer to better transportation. Even when cars had just been available to the public, the lack of a competent road network led people to fantasize about flying cars.

Fascinated by

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Toyota Finally Slashes North American Production

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The car chip shortage is getting worse, and nobody seems to be safe now…

The latest victim in the ongoing microprocessor chip shortage for the automotive industry is Toyota’s North American operations. As reported in multiple major media outlets, production of Toyotas on this continent is being scaled back as the auto giant feels the pinch after sidestepping it previously. The chip shortage has been blamed by many on the coronavirus pandemic in Southeast Asia, where the vast majority of microprocessors for vehicles are manufactured, but other factors have cut production dramatically.

Used car prices are high but have stabilized, at least for now. Learn what’s going on here.

Production of Toyotas in North America will be slashed by a whopping 40 percent, affecting lines at 14 different assembly plants. That means in August alone Toyota believes it will make between 60,000

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The surge in used car prices may finally be ending

The scorching used car market is showing signs of slowing down, according to an executive at one of the top auto retailers in the U.S.

“New car inventories are going to get better progressively over the next few months as we get to the end of the year,” Jeff Dyke, president of Sonic Automotive, said on CNBC’s “Worldwide Exchange” on Friday. “As that happens, it’s going to alleviate the amount of inventory issues that is happening on the pre-owned side.”

The average transaction price for a used car was $25,410 in the second quarter of 2021, up from $22,977 in the first quarter and 21% year-over-year, according to data from online automotive resource Edmunds. That figure marks the highest average price over a quarter for a used car that Edmunds has ever tracked.

However, Dyke says there are signs that the market is leveling off, with prices

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Tesla finally made a profit without the help of emission credits

Tesla sold enough cars and energy products to turn a profit even without counting the sale of emissions credits to other automakers — a milestone for the company. This was the eighth profitable quarter in a row for Tesla, but the first where it can truly say it’s a profitable automaker.

Tesla shared Monday that it logged a $1.1 billion profit in the second quarter of 2021, with $354 million of that coming from credit sales. The rest came from automotive sales, as well as a boost in energy storage sales.

Tesla pulled this off despite taking a loss of $23 million on its big Bitcoin bet (something that had helped it to a profit last quarter), a delayed rollout of the revamped Model S sedan and Model X SUV, and the global semiconductor shortage. All told, Tesla generated $11.9 billion in revenue in the quarter.

The Model

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