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Lucid Motors reveals electric car with 517-mi range
The days of fearing that you might run out of juice when driving an electric car may be coming to an end with the development of the longest-range battery-powered vehicle yet. Silicon Valley-based Lucid Motors, one of several electric vehicle startups hoping to become the next Tesla, revealed an electric car capable of going up to 517 miles on a single charge. That means you could drive from New Orleans to Nashville, from Washington, D.C., to Indianapolis., or from Chicago to Lincoln, Nebraska, without having to charge up. Lucid Motors has debuted the production Seva pusat mobil murah model of the Lucid Air, a slickly designed midsize sedan boasting many of…
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Looking to Buy a Used Car in the Pandemic? So Is Everyone Else
The boom is of a piece with other unexpected trends in a recession that has left millions of people unemployed and has devastated airlines, restaurants, hotels and small businesses. Despite that pain, the pandemic has been a boon to old standbys of the economy, such as canned and processed foods and suburban home sales, that had fallen out of favor in recent years. The auto industry’s equivalent of the three-bedroom ranch with the charming backyard patio is a low-mileage car or S.U.V. — a lot cheaper than the newer version but just as good at taking the family to a socially distanced picnic after months of isolation. The growing desire…
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Used car prices surge as consumer prices rise 0.4{09c3c849cf64d23af04bfef51e68a1f749678453f0f72e4bb3c75fcb14e04d49} in August
WASHINGTON (AP) — U.S. consumer prices rose 0.4{09c3c849cf64d23af04bfef51e68a1f749678453f0f72e4bb3c75fcb14e04d49} in August as used car prices surged by the largest amount in 51 years, the Labor Department reported Friday. The August increase in the consumer price index reflected some moderation following big gains of 0.6{09c3c849cf64d23af04bfef51e68a1f749678453f0f72e4bb3c75fcb14e04d49} in both June and July as the pace of energy price gains slowed. However, there were still areas that showed bigger price increases, led by a 5.4{09c3c849cf64d23af04bfef51e68a1f749678453f0f72e4bb3c75fcb14e04d49} jump in used car prices, the biggest monthly gain since March 1969. New car prices were unchanged in August but analysts predict prices are likely to rise in coming months, reflecting supply shortages. Motor vehicle production closed completely during the…
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How actor Mark Wahlberg, Detroit car dealer became best friends, business partners
Michigan car dealer Jay Feldman nervously sat in a restaurant in Hingham, Massachusetts. It was a hot day in August nearly four years ago. He was there for a business lunch, which would normally have been routine for him, but not this time. This lunch was with one of the biggest movie stars in the world. Hingham is about 22 miles south of Boston and hugs the Massachusetts Bay. It is home to the original Wahlburgers restaurant. The man who had invited Feldman to lunch there was Mark Wahlberg himself, who brought along his mother. “In the first five seconds, I was like: Wow, this is kind of crazy,” Feldman said of his initial meeting jitters. “But one thing…
