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70% of EVs wouldn’t qualify for tax credit under Senate bill, say automakers

WASHINGTON — Most electric-vehicle models would be ineligible for a $7,500 tax credit for U.S. buyers under a Democratic proposal in the U.S. Senate, a group of major automakers said on Friday. Automakers have been privately expressing concern about the proposal’s increasing requirements for vehicles’ batteries and critical-mineral contents to be sourced from the United …

70% of EVs wouldn’t qualify for tax credit under Senate bill, say automakers Read More »

Porsche courts Gulf sovereign funds for landmark IPO | Autoblog

Porsche is trying to secure anchor investments from some of the largest Middle Eastern sovereign wealth funds, as the iconic sports-car maker looks to pull off one of Europe’s biggest listings amid market headwinds and valuation concerns, people familiar with the matter said. Abu Dhabi’s Mubadala Investment Co. and ADQ are among those considering committing …

Porsche courts Gulf sovereign funds for landmark IPO | Autoblog Read More »

VIDEO: This 700 HP E91 BMW 335i Touring Proves the N54’s Tuning Potential

In the late ’00s, BMW’s N54 engine became quite famous for its tuning potential. The twin-turbocharged 3.0-liter inline-six lump made 300 horsepower from the factory, which isn’t a lot, but it was capable of so much more. Admittedly, it wasn’t the most reliable of engines, as high-pressure fuel pump issues headlined its many recurring problems. …

VIDEO: This 700 HP E91 BMW 335i Touring Proves the N54’s Tuning Potential Read More »