2000 Jeep Cherokee Sport Awd Chrome Rims Clean Carfax No Accidents Extra Clean!! on 2040-cars

Auto blog

VW, Rivian, Nissan, BMW, Genesis, Audi and Volvo lose EV tax credits starting tomorrow

The U.S. Treasury said Monday that Volkswagen, BMW, Nissan, Rivian, Hyundai and Volvo electric vehicles will lose access to a $7,500 tax credit under new battery sourcing rules. The Treasury said the new requirements effective Tuesday will also cut by half credits for the Tesla Model 3 Standard Range Rear Wheel Drive to $3,750 but other Tesla models will retain the full $7,500 credit. Vehicles losing credits Tuesday are the BMW 330e, BMW X5 xDrive45e, Genesis Electrified GV70, Nissan Leaf , Rivian R1S and R1T, Volkswagen ID.4 as well as the plug-in hybrid electric Audi Q5 TFSI e Quattro and plug-in hybrid (PHEV) electric Volvo S60. The Swedish carmaker is 82%-owned by China’s Zhejiang Geely Holding Group. The rules are aimed at weaning the United States off dependence on China for EV battery supply chains and are part of President Joe Biden's effort to make 50% of U.S. new vehicle sales by 2030 EVs or PHEVs. Hyundai said in a statement it was committed to its long-range EV plans and that it "will utilize key provisions in the Inflation Reduction Act to accelerate the transition to electrification." Rivian declined to comment and the other automakers could not immediately be reached for comment. Treasury also disclosed General Motors electric Chevrolet Bolt and Bolt EUV will qualify for the full $7,500 tax credit. GM said earlier it expected at least some of its EVS would qualify for the $7,500 tax credit under the new rules, including the 2023 Cadillac Lyriq and forthcoming Chevrolet Equinox EV SUV and Blazer EV SUV. Treasury said all GM EVs will qualify. Earlier, Ford Motor and Chrysler-parent Stellantis said most of their electric and PHEV models would see tax credits halved to $3,750 on April 18. Treasury confirmed the automakers' calculations. The rules were announced last month and mandated by Congress in August as part of the $430 billion Inflation Reduction Act (IRA). The IRA requires 50% of the value of battery components be produced or assembled in North America to qualify for $3,750, and 40% of the value of critical minerals sourced from the United States or a free trade partner for a $3,750 credit. The law required vehicles to be assembled in North America to qualify for any tax credits, which in August eliminated nearly 70% of eligible models and on Jan. 1 new price caps and limits on buyers income took effect.

This is the face of the 2018 Jeep Wrangler JL

These images come from a purported Jeep dealer meeting and show a poster detailing the brand's future lineup. Along with a look at the range-topping Grand Wagoneer, we can see the next-generation Wrangler, code-named JL, and its updated design front and rear. To the surprise of no one, the Wrangler will keep its seven-slot grille and round headlights. To those it adds some modern updates, like the LED light bars on the leading edge of the front fenders. (Given the 2017 LED headlight upgrade, we can bet the low- and high-beams also will use LED tech.) The taillights get an X design like those on the Renegade crossover. The overall shape seems to be a bit more tapered and smoothed, which is most evident in the shape of the sides of the windshield. We know from spy photos that the windshield has been laid back more, likely leading to improved aerodynamics and reduced fuel consumption. As a refresher, we expect the 2018 Wrangler to again come in two-door and Unlimited four-door models. It will have at least one gas engine, including a new turbocharged Hurricane four-cylinder, as well as a diesel option. Most if not all of the engines will be paired with a nine-speed automatic transmission, and a manual is likely to be retained on at least some models. A pickup version has also been confirmed. The new Wrangler is likely to be shown in early 2017, possibly at the Detroit auto show in January. Featured Gallery 2018 Jeep Wrangler JL Dealer Leak Spy Shots Image Credit: KGP Photography Design/Style Spy Photos Jeep SUV jeep wrangler jl

Chrysler reports $166M net income for Q1, down $307M vs. 2012

Preliminary first-quarter results from 2013 have been announced by Chrysler, and the company is reporting a net income of $166 million on revenue of $15.4 billion. Compared to this period last year, net income is down $307 million and revenue has dropped $1 billion.
Chrysler says that its quarter was negatively affected by the costs associated with launching its 2013 Ram Heavy Duty, 2014 Jeep Grand Cherokee and preparation for the return of the all-new 2014 Jeep Cherokee pictured above. The launches should provide a strong second half of 2013, says the automaker. "We remain on track to achieve our business targets, even as the first-quarter results were affected by an aggressive product launch schedule," said Chrysler Group LLC Chairman and CEO Sergio Marchionne.
On a positive note, the automaker says worldwide vehicle sales are up 8 percent from one year ago, a number pushed by a 12 percent bump in U.S. retail sales. In addition, domestic market share has risen slightly, up to 11.4 percent from 11.2 percent last year. Read more in the official statement below.