The Intersection 12-25-22

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December 25, 2022 01:00 PM

The Yearbook is support, crammed with heaps of necessary data

After the obvious feedback we got from Car news subscribers on our first two Yearbooks, we’re gay to issue one other one to you as soon as more on Monday.

Whereas the COVID-19 threat diminished considerably (excluding in China) and there looks to be to be aid from the realm microchip shortage on the horizon, 2022 turned into as soon as no less chock-beefy of industry-impacting happenings than the old couple of disaster-outlined years.

On the head of our superb reports of the Three hundred and sixty five days, as voted on by our editors, turned into as soon as Sen. Joe Manchin twisting Congress’ arm on electric car tax credits, leading to the passage of the Inflation Good deal Act. Undercover agent the comfort of our picks for the Three hundred and sixty five days’s top 10 in Monday’s particular self-discipline.

Additionally in this 88-page keepsake, we’ll speed pretty just a few our signature aspects from the Three hundred and sixty five days. Simply a tiny sampling:

■ Car news awards, including Most effective Dealerships To Work For, All-Stars, PACE Awards and Distinguished Armed forces Veterans.

■ Files lists, including Top 150 dealership groups, top 100 accepted-car outlets, top 100 ingredients suppliers to North The US and U.S. car gross sales by nameplate.

■ A compilation of our Future Product Pipeline series, which presentations all automakers’ U.S. car plans thru 2026.

We hope you retain this at hand reference data on the desk right thru the arriving Three hundred and sixty five days. And we hope you right subscribers comprise room for the Yearbook as soon as more when 2023 winds down.

— Omari Gardner      

In Monday’s Car news:

The superb of Leo Michael: From bigger and greater SUVs to an dilapidated-fashioned Carvana merchandising machine and a traumatic lack of cars for canines to run, Leo Michael has placed his stir on a Three hundred and sixty five days’s price of reports reports and matters. Car news bundles his simplest from 2022 in this give up-of-Three hundred and sixty five days study at Michael’s full of life gaze.

Yet one more wave of EVs in 2023: Crossovers and pickup vehicles dominate the list of key showroom introductions in the Three hundred and sixty five days forward, although some top-promoting cars also will endure makeovers, with Honda rolling out its 11th-generation Accord. Chevrolet and Toyota procure ambitious delivery schedules deliberate, whereas Ford and Honda procure a minimal of two predominant launches on deck. It will most certainly be a soundless Three hundred and sixty five days for Nissan, Jeep, Hyundai and Kia. With solid market good points in 2022, every procure one other key EV on deck. 

Weekend headlines

NHTSA probes two extra Tesla crashes: The National Highway Traffic Safety Administration says it has opened two fresh investigations into crashes enthralling Tesla vehicles where developed driver support systems are suspected to procure been in stammer. The fresh probes are of an eight-car rupture on Nov. 24 on the Bay Bridge in San Francisco and one other in Ohio enthralling a 2020 Mannequin 3 where a minor be anxious turned into as soon as reported.

LIFO aid for dealers passes Senate; no vote from Dwelling: As the 117th Congress nervousness down, the Senate passed bipartisan laws that might maybe provide dealers LIFO tax aid. On the opposite hand, the Dwelling didn’t vote on its version of the LIFO aid invoice on its closing day Friday.

CarMax Q3 retail accepted-car gross sales tumble 21% as web earnings plunges 86%: CarMax’s fiscal third-quarter earnings depart out fueled additional concerns about the speak of accepted-car affordability and an even bigger, lingering slowdown in the identical old-car market. The well-liked-or-garden-car huge slowed its inventory purchases from patrons in light of steep market depreciation in wholesale costs in the quarter ended Nov. 30.

TuSimple to position off 25% of crew: TuSimple says this can lay off nearly 350 workers as the self-driving truck company seeks to chart a direction out of the financial upheaval that has been raging right thru the Three hundred and sixty five days. The corporate said it expects to file a one-time fee of nearly $10 million to $11 million, most of which would be recorded in the fourth quarter.

Buick dealers’ EV invoice: Buick dealers who to find to follow the emblem will want to invest a minimal of $300,000 to $400,000, on average, to promote its future electric vehicles. Buick plans to shift to an all-EV lineup by 2030 and has said it does no longer concept to introduce any fresh gasoline-powered vehicles after 2024. GM has supplied to to find out any U.S. dealers who don’t are in search of to comprise the investment.

Fresh world chief for Genesis: Hyundai Motor Team elevated Genesis world COO Mike Song to executive vice president and world head of the Genesis industry division. He’s going to oversee the sumptuous marque’s world presence, lead its transition to an all-electric imprint, and plot boost and market alternatives. Song steps precise into a feature held by Jay Chang, who will remain CEO and president of Hyundai Motor Co.

Dec. 22 On each day basis Force podcast


A Three hundred and sixty five days-give up conversation about the superb reports in 2022 for Toyota and Volkswagen Team. Plus, CarMax web earnings plunges 86 p.c. And Tesla provides an astronomical good purchase in a rare switch to understand deliveries.

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Dec. 21 On each day basis Force podcast


A study support at the Three hundred and sixty five days Stellantis had in 2022 with Car news reporter Vince Bond Jr. Plus, fresh car dealers will doubtlessly want to wait till a minimal of next Three hundred and sixty five days for the tax aid they were hoping for from Congress. And Buick dealers face a $300,000 investment to promote future EVs.

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Dec. 20 On each day basis Force podcast


Car news reporter Michael Martinez talks about the Three hundred and sixty five days Ford had in 2022. Plus, U.S. Treasury delays EV tax credit ranking guidance till March. And Magna agrees to to find Veoneer Active Safety for $1.53 billion.

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Dec. 31, 1992: Lee Iacocca retires from Chrysler Corp. and is succeeded by Fashioned Motors Europe chief Bob Eaton. Iacocca had been CEO since 1979.

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