All articles tagged with #automobiles
The IRS announced that the standard mileage rate for business use of vehicles will increase to 72.5 cents per mile in 2026, while rates for medical and moving purposes will slightly decrease, reflecting updated cost data and inflation adjustments. These rates apply to various vehicle types, including electric and hybrid cars, and are used to calculate deductible vehicle expenses for tax purposes.
The NHTSA has launched an investigation into Tesla's Model 3 doors after a consumer petition claimed the manual release is not intuitive in emergencies, raising safety concerns especially after incidents where doors failed to open during crashes. The probe focuses on 179,071 vehicles and follows previous safety issues with Tesla's door handles and emergency features. Tesla is exploring improvements to its door mechanisms amid ongoing safety scrutiny.
The US and South Korea reached a trade agreement setting a 15% tariff on imports, including autos, and committed to significant US investments in energy and shipbuilding, while avoiding further market openings for sensitive agricultural products, amidst ongoing global trade negotiations.
President Trump reached a trade agreement with Japan that sets a 15% tariff on US imports from Japan, including autos, while establishing a $550 billion investment fund backed by Japan to invest in the US, and Japan agreeing to buy Boeing aircraft, increase rice purchases, and participate in Alaska LNG projects.
This week, several product recalls were announced, including Kia vehicles due to lighting issues, Aldi's churro bites for undeclared milk, Vivint smoke detectors for safety failures, Midea air conditioners for mold risk, BowFlex dumbbells for impact hazards, and Sea Salt Crackers for undeclared sesame allergen, emphasizing the importance of consumer awareness and prompt action.
Nvidia has experienced explosive growth in the AI data center market, but it also sees significant potential in the automotive industry, which is not yet reflected in its current valuation, making it a promising future growth driver beyond data centers.
An 80-year-old seller is offering a 1968 VW-based White Wind dune buggy for $5,900, noting it needs restoration after decades in storage. The buggy, built in 1969, features a 1600 cc VW engine from a Type 3 and a four-speed transaxle. While the car has some wear and requires significant work, it has a clean title and could be a good project for someone with time to invest.
Honda is considering investing $14 billion in building an electric vehicle plant in Canada, which would be one of its largest investments. The project may involve in-house production of batteries and would be Honda's second EV factory in North America as it aims to compete with U.S. and European rivals in EV production.
TomTom and Microsoft have announced a partnership to bring generative AI technology to automobiles. The collaboration aims to enhance the driving experience by providing real-time, personalized information and services to drivers. This integration of TomTom's navigation expertise and Microsoft's AI capabilities will enable vehicles to generate and analyze data, improving safety, efficiency, and convenience on the road.
Toyota plans to release an electric vehicle powered by an all-solid-state battery as early as 2027, with the technology expected to more than double the car's range from a single charge. The Japanese automaker revealed the plans in a recent briefing and expects the technology to be commercialized in 2027 or 2028. Toyota aims to sell 3.5 million electric vehicles a year by 2030.