Chevrolet announced May 14 that it is entering the small cargo van segment with the City Express to meet the demands of customers in an emerging commercial vehicle segment. GM will procure the vehicle from Nissan and distribute it through the Chevrolet dealer network. The 2015 City Express, based on the Nissan NV200, is Chevrolet’s
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The newly redesigned 2013 Nissan Sentra has been named “Most Affordable Compact Sedan of 2013.” After assessing 11 compact sedans equipped with six key features and factoring in five years of fuel costs, the Sentra sits atop the Cars.com list with $730 separating it from the next most affordable car on the list. According to
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Tesla Motors announced today that it is raising the Model S resale value guarantee. Tesla said this makes it the highest resale value of any premium sedan brand made in volume (excludes rare, low volume or limited edition vehicles). Buying a Model S through the Tesla financing offering now comes with a guarantee that the
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Global Electric Motorcars’ commercial clients will now be able to finance directly their purchase through GE Capital. GE Capital’s Equipment Finance business has signed a three-year agreement to provide financing for commercial purchases of Global Electric Motorcars (GEM). Owned by Polaris Industries Inc., GEM produces electric low-speed vehicles that are typically used by municipalities, hotels,
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While overall sales were down 5.2 percent compared to April 2012, Mazda Canada saw a growing proportion of its April sales being motivated by the company’s SKYACTIV Technology. The Canadian arm of Mazda U.S. said SKYACTIV Technology-equipped vehicles accounted for 59 percent of total vehicles sold in April. Sales of the all-new SKYACTIV Mazda6 shot
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Nissan Canada revealed its sales results for April and the compact Sentra as well as the electric Leaf are raising in popularity. Nissan Sentra sales jumped 127.8 percent and was the strongest seller in Nissan’s line-up with 1,433 units sold. Meanwhile, sales of the Nissan LEAF EV totaled 48 units, up 28.0 percent over last
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Clean diesel car registrations increased by 24.3 percent in the U.S. from 2010 through 2012 following similar trends of double-digit diesel car sale increases throughout the country, according to new data compiled for the Diesel Technology Forum. Data also revealed South Carolina, Tennessee, Kentucky and Mississippi are the fastest growing states for hybrid car registrations.
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Fisker’s debacle is making a lot of noise both in automotive and in financial circles. After weeks of analysis by PrivCo’s staff of attorneys, accountants and financial analysts, PrivCo released yesterday its timeline detailing Fisker Automotive’s “Road To Ruin,” supplemented by never-before published documents. Based in New York, PrivCo describes itself as a provider of
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It’s been several years since the Tesla Roadster was introduced, and two years since the Chevrolet Volt and Nissan Leaf were launched. Other electric vehicles have come along as well, but as of last month, the U.S. market had purchased fewer than 46,000 electrified plug-in cars this year out of 13 million total vehicles. In
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In recent years there have been few better indicators that Americans are feeling pain at the pump than the resale values of used hybrids. Last spring, used Prius sales rose 51.5 percent in less than three months, in response to a 25-cent increase in gas prices. Now, with the average price of a gallon gas
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