Summary of Nutson’s weekly automotive news from August 15 to 21, 2021

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AUTO CENTRAL CHICAGO – August 22, 2021: Every Sunday, Larry Nutson, The Chicago Car Guy and Executive Producer, with the able help of Editor-in-Chief Thom Cannell of the Auto Channel Michigan Bureau, compiles The Auto Channel’s “take” on the automotive news from last week, condensed into easy-to-digest news nuggets.

LEARN MORE: Links to full versions of today’s news nuggets as well as a million pages of automotive news, articles, reviews and archived stories from the past 25 years residing in the News Library The Auto Channel’s automobiles can be found by copying and simply inserting the main headline in the news. Library search area.

Nutson Automotive News Summary – Week ending August 21, 2021; Below you’ll find important, relevant, semi-secret, or eye-catching automotive news from the past week, opinions and insider stories presented as easy-to-digest news nuggets designed by experts.

* The Senate voted to impose price and household income caps on the federal electric vehicle tax credit, as part of the $ 3.5 trillion budget currently under negotiation. The non-binding amendment introduced by Senator Deb Fischer (R-Neb.) Proposed no tax credit for vehicles costing more than $ 40,000 and for households with more than $ 100,000 in declared income. This budget measure and others have yet to be reconciled with the House of Representatives. But if this is a serious cap for many lawmakers, a price cap of $ 40,000 could significantly limit the number of households that can qualify for credit. However, a price cap also addresses one of the main complaints about the electric vehicle tax credit that it is a credit claimed mainly by the rich, due to the lack of options. affordable apart from one or two types of vehicles. The current federal tax credit for electric vehicles is a maximum of $ 7,500.

Editor’s Note, We believe that without misguided tax subsidies for electric vehicles, affluent commuters will quickly stop making noise about buying electric vehicles in the manipulated sales figures that politicians have been led to believe. The Auto Channel guarantees that boutique EV sales will drop like a blown fuse … It has happened in China and will happen everywhere … You can salute the US government by making the mobility CHOICE of your future. See also The inequity of electric vehicles and electric vehicles Solution or diversion?

* The scandal that saw millions of dollars in banned payments and lavish gifts from former Fiat Chrysler Automobiles executives to UAW officials ended in a $ 30 million fine and forced to submit to a compliance controller for three years for his role over the years. -a long scandal, which prosecutors said was an attempt to distort the union-management relationship.

* The average transaction price (ATP) of a new automobile in July 2021 hit a new high in the United States at $ 42,736, according to analysts at Kelley Blue Book. Transaction prices are up $ 3,223 (8.2%) from July 2020 and $ 402 (0.9%) from June 2021. New vehicle transaction prices have increased – and established by new records – for four consecutive months. A tight supply of new vehicles and a shift in the market to more expensive SUVs and pickup trucks are among the main drivers of the ATP increase. However, high prices can dampen consumer demand; after strong sales in March, April and May, new vehicle sales started to slow in June and July. The seasonally adjusted pace of new vehicle sales in July was the slowest in a year.

* In October 1969, the first Nissan (then Datsun) Z was introduced in New York. And this week, back in the city that never sleeps, Nissan unveiled the long-awaited all-new 2023 Z. It looks a lot like the Z Proto we saw. Power comes from a twin-turbo 3.0-liter V6 delivering 400 horsepower mated to a standard 6-speed manual or an available 9-speed automatic with paddle shifters. So yes, no electrification. Nissan says the price will start around $ 40,000.

* Lincoln showed us the Navigator 2022 with a new grille and front styling, standard adaptive pixel projector headlamps, new 3D taillights and the new Lincoln ActiveGlide, the new hands-free driver assistance technology .

* Hyundai unveiled its all-new 2022 Elantra N for the North American market in a virtual premiere. With the introduction of the Elantra N, Hyundai has completed its line of “Everyday Sports Car”. The Elantra N is available with an eight-speed wet dual-clutch transmission, delivering a maximum power of 276 horsepower from 5,500 to 6,000 rpm and torque of 289 lb-ft. from 2100 to 4700 rpm. It is also available with a standard close-ratio six-speed manual transmission.

* The all-new 2023 Chevrolet Corvette Z06 will be unveiled on October 26. Designed to amplify the pleasure of driving, the Corvette Z06 is a powerful supercar, whether on secondary roads or on the motorway or on the most recognizable tracks in the world like the Circuit de la Sarthe.

* General Motors is recalling all of its current electric vehicles around the world due to a potential risk of battery fire. GM has extended a previously announced recall of Chevrolet Bolt EV and Bolt EUV, adding 73,018 newer vehicles from the 2019-2022 model years for “rare” battery faults that could cause the fires. The recall now involves 141,685 vehicles and is expected to cost $ 1.8 billion. A total of 10 fires have been confirmed by the automaker. No fatalities were reported, but there were a few smoke inhalation injuries. Definitely not a good image to try to convince people to buy BEVs.

* NHTSA has opened a formal investigation into Tesla’s automated driving system after a series of collisions with parked emergency vehicles. The investigation covers 765,000 vehicles, almost all that Tesla has sold in the United States since 2014. The investigation is another sign that the NHTSA, led by President Joe Biden, is taking a stronger stand on the safety of vehicles. automated vehicles. The survey covers Tesla’s entire model lineup, Models S, 3, X and Y from 2014 to 2021.

* The CES Tech and Automotive Convention will require anyone attending the show in Las Vegas to provide proof of having a COVID-19 vaccine. CES aims to come back to life in January with a hybrid of in-person and virtual events.

* As Autoweek reported, after an unprecedented hiatus in 2020, the Pebble Beach Concours d’Elegance was back in full force this year, with a strong turnout and an impressive exhibition field full of worthy contestants. When the judges’ votes were tallied, Best in Show honors went to the 1938 Mercedes-Benz 540K Autobahn-Kurier belonging to the Keller Collection in Petaluma, California.

* The first Woodward Dream Show is scheduled this weekend at the M1 Concourse in Pontiac, Michigan, in conjunction with the Woodward Dream Cruise, which takes place on Saturday, August 21. The Dream Show begins August 20 with over 200 hot rods and muscle cars as well as award-winning movie cars and show cars on display.

* Subaru Motorsports USA driver Travis Pastrana set a new record of 5 minutes, 28.67 seconds in last Sunday’s 2021 Mount Washington Hill Climb en route to an overall victory behind the wheel of the Airslayer STI, its 862-hp 2020 Subaru WRX STI Gymkhana. The new marque slashed its winning time in the 2017 race on the narrow, steep, and treacherous 7.6-mile Mount Washington motorway by more than sixteen seconds. Pastrana bombarded the mountain to establish a time of more than 45 seconds over the nearest competitor.

* Mercedes will be leaving the Formula E electric racing series, joining German rivals Audi and BMW in choosing not to develop a next-generation car for the series. Automakers have said they are redirecting money and talent to Formula 1 and electric vehicle business efforts – which are expensive enough.

* The 89th edition of the famous 24 Hours of Le Mans endurance race takes place this weekend. The Automobile Club de l’Ouest has been organizing this race since 1923, outside of the Second World War. Closed public roads include much of the 8.46 mile circuit known as the Circuit de la Sarthe.

* Quadruple Indy 500 winner Hello Castroneves has been announced as the headliner of the 2022 class of nine members of the Motorsports Hall of Fame of America. The rest of this year’s class includes sports car racer Pete Brock, drag racer Dick LaHaie, NASCAR builder Banjo Matthews, automotive journalist Denise McCluggage, NASCAR co-founder Raymond Parks, owner of NASCAR Jack Roush and motorcycle innovators Terry Vance and Byron Hines.

Be careful. Be well.


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