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GM, Ford, Toyota, Stellantis CEOs want EV tax credit cap lifted
Mon, Jun 13 2022For just over a decade now, the U.S. has had a federal tax credit worth up to $7,500 for buyers of electric cars and plug-in hybrids. The catch has been that, once 200,000 of them were claimed for a manufacturer, that credit would be phased out. Now, automakers are asking for this cap to be lifted across the board, specifically General Motors, Ford, Toyota and Stellantis. The request comes in the form of a joint letter to Congress (which you can read here), signed by the CEOs of each company. And the ask really is as simple as that. The automakers would like the cap lifted for all EV manufacturers, and instead have a sunset date for the tax credit put in place. Broadly speaking, they want it lifted because of concerns about rising costs from materials and supply chain issues, which can lead to higher prices and could discourage buyers from getting an EV. It would also put automakers back on an even playing field. GM reached its tax credit cap a few years ago, meaning that none of its EVs are eligible for the tax credit. So while it reaped the benefits early on, it now has something of a disadvantage to competitors with credits remaining, such as those that signed on to this letter. GM wouldn't be the only beneficiary. Tesla ran out of credits years ago, too. Nissan still has credits, but likely not for much longer, as InsideEVs reports around 190,000 Leafs have been sold in the U.S. as of April. So it will probably face a phase-out soon, just as the anticipated, and more expensive, Ariya is heading to market. Making this change would also seem like a good choice for continuing to stimulate EV sales, if that's what the government is looking to do. While EVs are now reaching parity in practicality and performance with gas-powered cars, having an additional financial incentive will surely keep them looking more attractive. And automakers can push EVs without fear of running out of credits early. Certainly some sorts of changes to the EV tax credit are likely. There are bills in the works focusing on cap changes as well as the amount of money available, and which vehicles are eligible. Credits up to $12,500 have been proposed, plus possible credits for used EV sales and restricting some credits to vehicles of certain price brackets. Of course, any changes will require some cooperation in a deeply divided Congress. Related Video: Government/Legal Green Chevrolet Chrysler Ford Toyota Electric EV tax credit
Ford Fiesta banned from SCCA autocrossing because of rollover risk
Wed, Jan 14 2015Autocross can be a great way to break into motorsports, especially at SCCA events that allow run-of-the-mill, street-legal vehicles to be run through the cones in parking lots across the country. But while a wide array of vehicles are eligible, not every one is. And now the Ford Fiesta has been removed from the list of qualifying vehicles in the Sports Car Club of America's Street category for solo events. The removal of the Fiesta was publicized in the latest issue of the SCCA's Fastrack News bulletin, which stated that, due to roll-over risk, Fiestas "do not meet the requirements and are to be removed" from the HS category of eligible vehicles. H Stock (or HS for short) is the lowest category of vehicles certified by the SCCA for use in sanctioned events. The disqualification applies to Fiestas from the 2011 model year onwards, and does not apply to the Fiesta ST, which remains eligible. Of course the Fiesta isn't the only model deemed ineligible for SCCA autocross events. According to Jalopnik, other small hatchbacks and crossovers including the Dodge Caliber, Fiat 500, Scion xB and iQ, Nissan Juke and Mini Countryman are also prohibited from competition. We've reached out to both Ford and the SCCA for clarification on the issue, and will issue an update if and when we receive any substantial information.
MotorWeek remembers pre-EcoBoost Ford with the Thunderbird TurboCoupe
Thu, Feb 26 2015Sometimes it feels great to embrace nostalgia for a trip down memory lane, and MotorWeek indulges that occasional desire with its regular Retro Review series. This time, the long-lived show goes back to the '80s to check out two of the top performance vehicles in the Ford lineup at the time – the 1987 Thunderbird TurboCoupe and Mustang GT. Both models had just received thorough refreshes after several years on the market. Long before an EcoBoost badge ever met its models, Ford made early forays into experimenting with turbocharging on vehicles like the T-Bird TurboCoupe. Based on MotorWeek's assessment, the company was on the right track. The boosted 2.3-liter four-cylinder was apparently a bit coarse but offered 190 horsepower with little turbo lag, compared to 155 hp the year before. The Mustang GT is likely the more-fondly remembered of these performance Fords today and provides an interesting point of comparison against the TurboCoupe. MotorWeek found some faults with the 'Stang, though. While it was quick for the time with a sprint to 60 mph in 6.5 seconds, the 'car was described as "a nose-heavy beast" for its handling. And for a look at Ford's future in turbocharging – the GT will have an EcoBoost powerplant – check out our Related Video:
