car

Automotive industry members give recommendations to help keep your car out of the shop

PEORIA, Ill. (WMBD) — Winter weather has taken its toll on cars in Central Illinois the past few weeks.

Local automotive industry members said keeping a car running properly during the winter can keep it out of the shop and help keep money in the wallet.

Austin Lasley, a service manager at Tires Plus in Peoria, said to look at the cold cranking amps on the vehicle’s battery. The rating could help when starting a car in the winter.

“The lower they get, the harder it is for it to start up in this cold weather, that’s what we’ve had a lot of today, getting batteries taken care of because we’re at negative temperatures this week,” said Lasley.

Many people find themselves heating up their cars before driving away. Beachler’s Vehicle Care & Repair Owner Terry Beachler said people might want to think twice about doing that.

“Somebody’s not gonna

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Luminar Is Overhyped: These Self-Driving Car Stocks Are Better Buys Right Now

It has been a banner year for stocks of companies that want to disrupt the automotive industry, and Luminar Technologies (NASDAQ:LAZR) is the latest to ride the wave.

Luminar is a maker of lidar, a technology that uses pulsed laser beams to measure distances that are used in most self-driving concepts. The company went public on Dec. 3 through a reverse merger and the stock almost immediately doubled in value.

Investors are excited about the potential of the technology to help make robocars a reality. Alas the lidar market is getting somewhat crowded, and Luminar has a lot to prove in the quarters ahead to justify those sorts of gains. 

The potential is real, but the markets are getting way ahead of themselves in terms of the valuation. Here’s why three Fools believe General Motors (NYSE:GM), Velodyne Lidar (NASDAQ:VLDR), and XPeng

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No-deal Brexit and Covid threaten ‘double whammy’ for car industry

UK and European car makers have warned a no-deal Brexit could put a £100bn dent in the region’s car industry in the next five years, adding to heavy losses already caused by Covid-19.

A letter signed by 23 trade groups across Europe urges the government to make a deal rather than default to World Trade Organization (WTO) rules.

It says without one there will be a “catastrophic” rise in tariffs.

A government spokesperson said it is “working hard” to reach an agreement.

The industry has already taken a £90bn hit this year due to Covid-19, the SMMT added.

The UK left the European Union on 31 January but will enjoy tariff-free trade with the bloc until the end of the year as part of the transition period.

But fears are growing that both sides will be unable to strike a longer-term trade deal by then.

The European Automobile Manufacturers Association

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Car sales rebound eases pressure on automotive sector

Cars awaiting export
Cars awaiting export

Motorists returning to car showrooms after lockdown ended drove the first rise in sales of new vehicles this year, with an 11.3pc rise in registrations last month.

Almost 175,000 new cars were purchased in July following a near-total collapse in the market over the previous months as coronavirus put a brake on transactions.

The rise came in the first full month of dealerships being open. Although dealers in England were allowed to reopen their doors from June 1, it was not until later in the month that Scotland and Wales eased lockdown restrictions.

July’s rise is compared with the same month a year ago and follows declines in March, April, May and June of 44.4pc, 97.3pc, 89pc and 34.9pc respectively.

Production of cars in the UK has also fallen to its lowest level since 1954.

The Society of Motor Manufacturers and Traders (SMMT) that collated the

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