Gas Prices Keep Dropping as Christmas Nears

Gasoline prices in the U.S. are caught between an uptick in holiday travel and the fear of the impact of new variants of COVID-19, resulting in downward pressure on prices. 

Los Angeles gas prices on 11-21-21
The average price for gas in the U.S. is $3.30 per gallon. California averages $4.66 a gallon.

GasBuddy.com, which tracks the price of gasoline nationally, reported the average price of a gallon of gasoline is now $3.30. It dropped by more than a half-cent earlier this week and is down 2.6 cents per gallon from last week

The prices are down 11.5 cents per gallon from last month when prices peaked across the country ahead of the Thanksgiving holiday prior to the appearance of the Omicron variant of COVID-19, which is creating new turbulence throughout the economy. 

Factors in the decline

AAA noted in its weekly report on gasoline prices the demand for fuel increased as consumer confidence jumped heading into the holiday season. However, fears of the COVID-19 omicron variant’s economic impact may threaten future global oil consumption, AAA said. 

President Joe Biden

President Joe Biden noted gas prices have returned to pre-pandemic levels this week.

“A recovering economy coupled with strong employment is leading to increased demand for gasoline,” said Andrew Gross, AAA spokesperson. “This demand increase should drive pump prices higher, but it’s been blunted by the wavering price of crude oil.”

As a result, pump prices fell again last week as crude oil prices wobbled — neither rising steadily nor falling rapidly. The national average for a gallon of gas dipped three cents to $3.30, according to AAA. 

According to recent data from the Energy Information Administration, or EIA, total domestic gasoline stocks decreased by 700,000 barrels to 218.6 million barrels last week, AAA said. 

In addition, fluctuations in the price of crude oil put downward pressure on prices. Last week, crude prices crept above $70 per barrel and if oil prices continue to climb, pump prices will likely follow suit. 

AAA gas chart 12-20-21

Oil prices waver on news 

Overall, crude prices declined last week due to growing market concerns that the omicron variant of COVID-19 will lead to a decrease in demand as governments around the globe increase measures to curb transmission rates. The EIA reported gasoline stocks are 14% lower than mid-December 2020. For this week, crude prices could drop further if omicron concerns carry on. 

Meanwhile, President Joe Biden observed this week in 21 states the price of gasoline is the same now as it was at point in 2019 before gasoline prices sunk on heels of a global recession that followed the outbreak of the COVID-19 pandemic. 

Among the states with the largest declines in prices were Indiana and Michigan where prices dropped by six cents per gallon. In Ohio, Arizona, Illinois it dropped by a nickel per gallon and Florida and Colorado it was down four cents per gallon, according to AAA. 

AAA said the most expensive gasoline was in California, which is generally the case, where it averaged $4.66 per gallon. Prices in Oregon and Nevada averaged $3.86 per gallon.

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Ford Recalls Nearly 185K F-150s

Ford announced it’s recalling almost 185,000 F-150 full-size pickups. The 2021 and 2022 model-year trucks are experiencing driveshaft problems that could cause it to fracture.

All-new F-150
Ford is recalling nearly 185,000 F-150 pickups from the 2021 and 2022 model years.

The issue only affects certain F-150 Crew Cab 4×4 pickups, according to the filing with the National Highway Traffic Safety Administration. The company’s began examining the issue since July.

The truck’s underbody thermal/acoustic insulators can loosen over time. If they come in contact with the truck’s aluminum driveshaft, they can cause scoring or marks. If this goes on long enough, the heat generated each time can eventually crack the driveshaft.

Potential results if the issue is not repaired

“A fractured driveshaft may result in loss of motive power,” the report states, “unintended vehicle movement while the vehicle is in park if the parking brake is not applied, and may result in secondary damage to surrounding components.”

Additionally, once fractured, the driveshaft could break loose and touch the ground, causing the driver to lose control of the pickup, potentially resulting in a crash. The company is unaware of any accidents or injuries caused by the problem.

2021 Ford F-150 - at work site

Some Ford F-150 pickups are facing issues with the aluminum driveshaft on the truck.

Owners are advised to look for a “loose underbody insulator.” They should also listen for a rattling, clicking or clunking noise due to the loose insulator coming in contact with the driveshaft. The scoring or marking on the driveshaft described earlier may also be visible.

Next steps

Ford’s taken steps to resolve the problem during production by swapping the underbody thermal acoustic insulator for an under-carpet thermal patch at the two plants — Dearborn (MI) Truck and Kansas City (KS) Assembly — already.

Dealers received the notice Tuesday, and owners will begin receiving notices in the mail shortly. They will be instructed to make an appointment with their dealer to have “positive attachment features adde to the underbody insulators.”

They’ll also inspect the driveshaft for scoring or marks that may have already occurred. This will be done at no expense to the truck owner.

As of Dec. 7, Ford received 27 reports of fractured aluminum driveshafts possibly related to sagging underbody insulators on the F-150s, the automaker said in an Automotive News report.

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Lotus Builds Its Final Elise, Exige and Evora Models

The final Lotus Elise, a Elise Sport 240 Final Edition, is one of 35,124 built over 26 years.

Lotus built its last the last Elise, Exige and Evora sports cars today in Hethel, Norfolk, U.K. The end of production for the three sports cars comes as Lotus readies its assembly lines for the upcoming Emira, which is expected to roll off assembly lines in the spring.

“We will miss them, but a bit like Christmas, once it’s over, the excitement for the next one starts to build,” said Russell Carr, design director, Lotus Cars, in a statement. “And that’s what’s happening now at Lotus with the Evija, Emira and forthcoming Type 132. 2022 is going to be a great year as a new Lotus generation swings into action.”

End of an era

During the cars’ 26-year run, 51,738 cars were built. Combined, they represent almost half of the total production of the 73-year history of Lotus. From 1996 to 2000, the first-generation Elise and Exige sports cars were built alongside the Lotus Esprit. But the company revamped its assembly operations when the Spirit ended production. Now, the current assembly lines will be dismantled and revamped, allowing for an addition 5,000 units of capacity.

A Lotus Exige Cup 430 Final Edition, the last of 10,497 units.

The final cars will be a yellow Elise Sport 240 Final Edition, the last of 35,124 cars; a Heritage Racing Green Exige Cup 430 Final Edition, the last of 10,497; and a Dark Metallic Grey Evora GT430 Sport, the last of 6,117 built.

The Evora is the only Lotus model currently sold in the United States, with a base price of $99,150. Its supercharged Toyota 3.5-liter V-6 makes 416 horsepower and 317 pound-feet of torque with the 6-speed manual transmission, or 332 lb-ft with the 6-speed automatic. 

The final models of the Elise, Exige and Evora models will not be sold. They will be placed in Lotus’ heritage collection. 

“(C)ustomers have given our ‘three Es’ true cult status — usually reserved for long-out-of-production classics,” said Matt Windle, managing director, Lotus Cars. “As we say farewell to the last few cars, we look forward to the Emira and Evija.”

The 6,117th Lotus Evora is an Evora GT430 Sport.

The end of production coincides with the recent death of Hazel Chapman, wife of Lotus co-founder Colin Chapman.

What’s ahead for Lotus

The three models are being replaced by the all-new Emira, its name derived from ancient languages meaning “commander” or “leader.” The car will be Lotus’ last gasoline-powered sports car, with a design inspired by the Evija. All future models are promised to be 100% electric powered. Like previous Lotus models, the Emira will employ lightweight construction and massive horsepower, with a bonded aluminum chassis that’s strong, yet lightweight.

It will house one of two engines, the first being an AMG-tuned turbocharged 4-cylinder mated to a dual-clutch gearbox that sends 360 hp to the rear wheels. The other is a supercharged Toyota V-6 with either an automatic transmission or a 6-speed manual. The AMG engine will not be offered with a manual.

The Evija will hit 186 mph more than 3 seconds faster than the Bugatti Chiron Pur Sport.

The company is also planning to release the Evija, a new hypercar and its first electric model. Punching out nearly 2,000 hp through all four wheels, it promises a 0-186 mph time of 9 seconds, making it the quickest vehicle on the road. But expect to pay $2 million for the privilege.

But that’s just the start of a line of new Lotus EVs that will include the Type 132 electric crossover, recently teased at the 2021 Gangzhou Auto Show as well as on YouTube. It’s also slated to be released in the Spring. The company is also planning to release the Type 131, the first of Lotus’s three new electric sports cars.

Group Lotus is owned by Chinese automaker Geely, which bought the British automaker in 2017, and Etika Automotive, a Malaysian conglomerate, which owns the remaining 49 percent. 

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NHTSA Opens Investigation into Tesla Gaming Software

Patton plays games driving Model 3
Journalist Vince Patton demonstrates its possible to play video games while driving his Tesla Model 3.

The National Highway Traffic Safety Administration (NHTSA) it is investigating 580,000 Tesla vehicles sold since 2017 that allow those seated up front to play games on the infotainment touchscreen while the vehicle is in motion.

The investigation stems from a complaint filed with agency earlier this month by Vince Patton, a retired journalist from Portland, Oregon.

The formal safety investigation, which was announced Wednesday, covers 2017-2022 Tesla Model 3, S, X, and Y vehicles. NHTSA opened the investigation “based on reports that Tesla gameplay functionality, which is visible on the front center touchscreen from the driver’s seat, is enabled even when the vehicle is being driven.”

Tesla made the software more dangerous

The 2021 Tesla Model S gets an all-new interior, a yoke-style steering wheel and the updated software being investigated by NHTSA.

The feature, known as “Passenger Play,” increases the risk of a crash. Since December 2020, the feature can be used while driving. Prior to that, it could only be used when the vehicle was in Park. The agency said that it is evaluating aspects of the feature, including how frequently it’s used and when.

NHTSA is concerned about distracted driving, an increasing risk as automakers bring increased online connectivity to infotainment touchscreens. Distracted driving caused 3,142 deaths in 2019, all of them preventable. 

While Passenger Play does have a warning stating the game is meant solely for passengers. Although it asks for confirmation that the player is a passenger and not the driver, there is nothing preventing the driver from playing while driving.

Other Tesla safety issues

Consumer Reports criticized the performance of Tesla’s latest version of Autopilot.

It’s not NHTSA’s only Tesla safety investigation, nor Tesla’s only safety issue.

In August, the agency opened a formal safety investigation of 765,000 Teslas equipped with its Autopilot driver-assistance system after 11 crashes involving parked emergency vehicles killed one person and injured 17. The inquiry covers 2014-2021 Models S, X, Y and 3. 

In October, Tesla had to roll back full self-driving, or FSD, with Musk revealing that the company is “seeing some issues with 10.3, so rolling back to 10.2 temporarily.” 

And in November, Tesla issued a recall for 11,704 vehicles sold in the U.S. since 2017. The recall covers Model S, X, 3 and Y vehicles and came about as a result of an over-the-air firmware update of the automaker’s “Full Self-Driving Beta,” its advanced driver assistance system.

The company identified a software communication error that could cause the forward-collision warning or automatic emergency brake system to falsely activate, possibly leading to a rear-end collision.

Other OEM infotainment issues

2022 Mercedes EQS 580 4Matic black daytime

The new Mercedes-Benz EQS was recalled after it was found that its MBUX system allowed television and internet to be displayed while driving

Other automakers are far more concerned over distracted driving than Tesla. On November 29, Mercedes-Benz recalled 227 vehicles in the U.S. after the company discovered that its MBUX infotainment system allowed television and internet to be displayed while driving.

The recall affected 2021 Mercedes-Benz S580, 2022 EQS450, EQS580, and S500 models. Mercedes-Benz has already corrected the problem, and no deaths or injuries seem to have resulted from the problem.

Musk pays billions to satisfy tax bill

In other Tesla news, Reuters is reporting that Tesla CEO Elon Musk sold 10% of his own company stock, 13.5 million shares, 8.06 million of which were sold to pay taxes. The billionaire said he is paying more than $11 billion in taxes this year. 

Tesla CEO Elon Musk

Tesla CEO Elon Musk slammed California over its tax policy.

“California used to be the land of opportunity and now it is … becoming more so the land of sort of overregulation, overlitigation, overtaxation,” Musk told Reuters, adding his combined federal and state tax rate tops 50 percent.

The tax bill may explain why Musk recently relocated Tesla’s headquarters to Austin, Texas from Palo Alto, California.

But taxes aren’t Musk’s only concern.

The company has submitted all the documentation required to get its factory approved near Berlin, Germany. Approval of Tesla’s newest manufacturing facility has been delayed by environmental concerns and red tape due to Tesla’s decision to add a battery factory to the site. That has delayed the approval process. It remains unclear when the new plant is expected to open.

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GM Wants to “Electrify Everything”

As part of a $37 billion program, General Motors plans to bring at least 30 battery-electric vehicles to market by mid-decade — but it is expanding its electrification strategy to power up pretty much anything “already on the road,” as well as on the water, it announced on Wednesday.

GM EV Components Textron GSE tug
GM looking to electrify “everything,” including offering conversion kits as well as packages for vehicles like this jet tug.

The largest of the Detroit automakers’ Electric Connect and Cruise eCrate systems will allow owners to swap out their conventional gas engines in classic vehicles like the Camaro and E-10 pickup for battery-drive technology. GM also is looking to power up cargo tractors and other airport gear, while also working up ways to bring electric propulsion to the marine industry.

“GM has an established strategy, network of integrators and co-development agreements to apply an extensive array of components and solutions to a broad range of customers and use cases,” said Travis Hester, GM vice president of Electric Vehicle Growth Operations, in a statement Wednesday.

The carmaker estimates there’s a “total addressable market” for swapping conventional drive systems for battery power that could approach $20 billion by 2030.

“As companies across many industries look to reduce their environmental impact, GM is uniquely positioned to serve as a leader not only through exciting new EVs across our brands, but through additional technology applications,” said Hester, “and we look forward to bringing customers — existing and new — along with us on our zero-emissions journey.”

SEMA K5 Blazer EV front

Chevrolet showcased a 1977 K5 Blazer converted to all-electric propulsion at SEMA360 in 2020.

Converting to electric

Demand for conversion technology is already on the rise. There’s been a flood of startups converting classic vehicles, including vintage Camaros, Porsches, Volkswagens and Land Rovers, to run on battery power.

GM targeted the conversion market with the launch of the eCOPO Camaro project car at the SEMA Show several years back, and has revealed other project cars like Project X and the 1977 K-5 Blazer. It is getting ready to provide what are essentially plug-and-play packages, like the Cruise eCrate and Electric Connect, to simplify the process. The goal is to allow owners and conversion companies to make a swap with a minimum of effort.

The Detroit automaker isn’t the only one sensing an opportunity here, however. Ford recently demonstrated the potential for its own Mach-E crate motors, which, as the name implies, uses hardware and software borrowed from its Mustang Mach-E battery-electric SUV. The conversion package can be plugged into classic products such as a 1978 Ford F-100 pickup. Volkswagen and Tesla have also gotten into the game, the latter automaker’s electric drive technology used by one conversion fan on a Rolls-Royce once owned by Johnny Cash.

Multiple applications for electric motors

But GM’s strategy isn’t limited to road-going vehicles.

It’s teaming up with Textron Ground Support Equipment Inc., a Textron subsidiary, to power up ground support equipment like the cargo and baggage tractors, belt loaders and Tug equipment found at commercial airports. Electrifying those vehicles promises to reduce emissions, as well as operating costs, while improving reliability, experts claim.

GM electric expansion graphic Dec 2021

Commercial fleets, in general are showing strong interest in making the switch to battery power. GM this month began delivering the first of its BrightDrop delivery vans, joining competitors like Ford and Rivian in a market that could rapidly grow this decade, according to industry forecasts.

The opportunity to electrify isn’t limited to ground vehicles, however. A number of manufacturers are looking at ways to harness battery and hydrogen fuel-cell technology for other transportation and cargo applications. Rolls-Royce recently set a speed record with an aircraft outfitted with one of its drive systems. Airbus just released plans for a hydrogen turbofan system.

GM sees big opportunities coming in the marine world. It recently announced a strategic investment in the Seattle-based Pure Watercraft. The move, the automaker said, “represents an opportunity to bring EV technology to the marine industry and help preserve enjoyment of the outdoors for future generations. Together, the two companies will develop and commercialize battery electric watercraft, to accelerate the transition to electric mobility.”

GM also has been exploring ways to electrify the rails. Last June it announced another partnership with Wabtec, one of the largest providers of freight locomotives. Under a non-binding agreement, the automaker will provide both battery and hydrogen fuel-cell systems for prototypes like the Wabtec FLXdrive. Eventually, the technology could replace the conventional diesel-hybrid systems that dominate the rails today.

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Ford Partners with CARB to Secure Green EV Charging

Charging is key to the transition to electric vehicles and while more chargers are one the way, Ford Motor Co. is launching a new program to ensure the juice needed to run an EV does not contribute to the emission of greenhouse gases. 

Ford debuts 2020 Escape PHEV
Ford’s program can be used by current owners of the Mustang Mach-E, E-Transit and Escape PHEV.

With help of one auto industry’s traditional foes, the California Air Resource Board, Ford is beginning what it describes as a “sustainable charging program,” which allows owners of plug-in electric vehicles in California to opt for only carbon-neutral charging at home.  

“Ford’s electric vehicle customers are beginning to realize all the possibilities associated with their vehicles and sustainable energy management,” said Matt Stover, director of charging and energy services, Ford Motor Co.

“By working with regulators, utilities and customers for home integration services, we’re enabling EV drivers to lower their carbon footprints, potentially save money and help protect the grid, all through their smartphones.” 

California-based owners of all current Ford all-electric and plug-in hybrid vehicles, including the Mustang Mach-E, the E-Transit and the Escape PHEV, plus the F-150 Lightning coming in 2022, are eligible for the program. 

Ford green charging California graphic

Only green energy wanted 

The idea is to only use electricity made with renewable sources rather than oil, gas or coal, reducing the carbon footprint of the energy used to power the vehicles.  

Carlos Tavares, Stellantis CEO, recently noted the ability of electric vehicles to limit emissions of greenhouse gases is blunted if the energy powering them comes from fossil fuels, such as oil. Other critics of EVs note EVs cannot deter climate change if they are dependent on electric grid powered by fossil fuels.  

Ford plans to participate in CARB’s “Low Carbon Fuel Standard,” which will offer customers a new way to help reduce greenhouse gas emissions that contribute to climate change by matching the use of electricity used to charge plug-in electric vehicles at home with 100% local renewable energy, the automaker said. 

CARB, which has control of air quality standards throughout California, has long warred with automakers about emissions. Significant health concerns, created by automotive-related air pollution in Southern California, have given CARB enormous influence over emission standards not only across California but also across the United States. 

Ford Sustainable Charging web page

Program uses a phone app to find green energy 

Under the program, owners of eligible plug-in electric vehicles connect to the program through the FordPass app

Once enrolled, the FordPass app automatically tracks the amount of electricity used while charging at home. Ford generates, or buys, an equivalent amount of California-sourced Renewable Energy Certificates, an EPA-recognized program that records the generation and usage of green energy. 

Ford then sends evidence of the matching amounts to CARB, ensuring that all home plug-in charging activity is matched with zero-carbon electricity. 

Ford is investing more than $30 billion in electric vehicles and batteries through 2025. The push supports the company’s longer-term goal of creating a sustainable American manufacturing ecosystem, and to accelerate its progress towards achieving carbon neutrality no later than 2050. Overall, Ford expects 40% to 50% of its global vehicle volume to be fully electric by 2030.

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What Does Santa Drive?

Santa Claus after a night of hard work.

Sure, you might think that dear old Santa Claus is just some jolly gift giver. But look closer, and it’s hard not to be impressed.

This is a guy who runs a major distribution operation at the North Pole, a privately held enterprise that procures goods year ‘round, listens to customers and fulfills their requests in one short night. And you thought Amazon Prime was quick? Yeah, right.

And just try parallel parking eight reindeer and a sleigh without any automated driver assist systems. Good luck. 

But it begs the question, what does this much beloved, highly placed, international executive drive? No one really knows, but here are some possibilities.

Jeep Grand Wagoneer - by castle

The new Grand Wagoneer is powered by a 6.4-liter V-8 putting out 471 horsepower, making it a great daily driver

Jeep Grand Wagoneer: Given Santa’s advancing years, his comfort is a priority. But there’s work to be done, so ol’ Saint Nick needs a lot of utility and the ability to go anywhere at any time no matter what the weather. Few vehicles do it as well as the 2022 Jeep Grand Wagoneer, especially on unimproved roads.

Santa values the Grand Wagoneer’s Quadra-Drive II with active low range, rear electronic limited slip differential, terrain management system, its 48:1 crawl ratio, and ability to ford up to 24 inches of water yet tow 10,000 pounds. Yet its cabin possesses artisan-levels of craftsmanship, something unexpected yet welcome.

But it’s more than capability or its opulent interior. This is one high-tech sled, with a full 45 inches of video screens on the instrument panel. And having such a large vehicle at the North Pole is comforting when driving in bleak weather and Rudolph is playing reindeer games.

Ford F-150 hybrid powering Texas home 2020

The Ford F-150 Hybrid is good source of power should it go out at the North Pole.

Ford F-150 PowerBoost Hybrid: Eight reindeer eating lots of Reindeer Chow leads to a lot of — ahem — mess to clean up. A pickup makes for the perfect polar workhorse, especially the 2021 Ford F-150 Hybrid.

Its twin-turbocharged and intercooled 3.5-liter overhead-cam V-6 mated to an electric motor that generates 430 horsepower and 570 pound-feet of torque and returns an EPA-rated of 24 mpg. And it can tow 12,700 pounds, enough to haul a trailer with all eight reindeer and their chow. It also boasts an integrated generator, with 7.2 kilowatts of power, enough to help power key appliances when the power goes out.

And when Santa needs his truck to be his office, there’s a 400-watt outlet for running office equipment, and a center armrest that converts to a flat work surface, with a storage bin beneath it large to hang file folders. And the front seats fold flat to create a bed that’s perfect for the quick nap away from Mrs. Claus. Ho, ho, ho. 

The new Chrysler Pacifica Hybrid can travel up to 30 miles in electric-only mode, and carry a whole pack of elves.

Chrysler Pacifica Plug-In Hybrid: When you need to move a mess of elves, few vehicles can handle it with the aplomb of the 2022 Chrysler. Sure, Santa needs a minivan to schlep his staff, and the Pacifica proves the ideal solution. There’s more legroom than many full-size SUVs, and abundant cargo space.

To keep them all occupied, there’s Amazon Alexa, wireless Apple CarPlay and Android Auto, and for 2022, Amazon Fire TV streaming for rear-seat passengers. Powering the Pacifica Plug-In Hybrid is the corporate 3.6-liter double-overhead cam V-6, albeit modified for hybrid duties, working in concert with two electric motors to deliver 260 horsepower to the front wheels.

It run 33 miles solely on electric power, enough to quickly pop across town. And the EPA says that you can save $800 annually in fuel costs compared to the standard Pacifica minivan.

Mrs. Claus loves the Genesis GV80’s understated opulence

Genesis GV80: The lavish GV80 is an all-new model for Genesis, one that guarantees Santa’s other half will be wearing the latest in bold automotive fashion, and enjoy the latest in seamless technology including all-wheel drive.

Mrs. Claus loves the extensive suite of driver-assistance safety features and helpful technology such as the head-up display and a huge 14.5-inch touchscreen. The quilted leather upholstery, and rear seats that adjust with heated and cooled cushions seem positively lavish.

And when it comes to indulgence, the same can be said of its performance, thanks to its 375-hp twin-turbocharged 3.5-liter V-6. It’s a sweet ride for the missus.

Mercedes-Maybach S 680: A night on the town calls for a righteous ride, one that’s appropriate of Santa’s station. Is there another executive shuttle to match the technology, ability and finely crafted interior of the Mercedes-Benz S-Class? The Maybach trim level turns up the luxury to 11, while retaining the sort of convenience features essential to older drivers.

When all the gifts have been delivered, and every stocking stuffed, Santa enjoys a good rip behind the wheel of the Mazda MX-5 Miata.

One such feature, Night View Assist Plus, ensures the driver doesn’t hit any wildlife. ANd its quilted leather and hushed ambience, makes every ride a special occasion. And let’s not forget its 6.0-liter twin-turbo V-12; it propels this massive Merc to 60 in just 4.4 seconds. And considering how much Santa has given others, this bit of indulgence is worth it.

Mazda MX-5 Miata: The stockings are stuffed, the presents placed under the tree, and now it’s Miller time. Even Santa needs to let his hair down to enjoy a few ho, ho, hos in warm weather.

You can almost see him zipping around Palm Springs in the Mazda MX-5 Miata. It’s a modern-day classic with great looks, light weight and crisp handling.

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Tesla Model 3 Most Expensive Vehicle in U.S. to Insure

Electric vehicles are typically more expensive to purchase than their internal combustion counterparts — a major factor when shopping for a new ride. 

2021 Tesla Model Y blue
The Tesla Model Y was the second most expensive “popular” vehicle to insure in the U.S. trailing only the Model 3.

However, what you’ll pay to insure that new sedan or utility vehicle plays a role in how much vehicle a buyer can afford. A new study by QuoteWizard, an insurance price comparison website, reveals the most expensive “popular” vehicles to insure are also EVs: the Tesla Model 3 and Model Y respectively.

The Model 3, which starts in the low $40K range, costs an average of $2,830 a year for full coverage. The Model Y isn’t far behind at $2,658. “Insurance for the Model 3 and other Tesla vehicles is so expensive because as a luxury car, Teslas are more expensive to repair and are a more enticing target for thieves,” the website noted.

The rest of the top five include: Hyundai Sonata ($2,332), Kia Forte ($2,328) and Hyundai Elantra ($2,295). While the Teslas being luxury vehicles made them the target of thieves, helping to drive upthe cost to insure them, there are other factors at play, the website noted.

Vehicles with powerful engines are typically more expensive to insure as they “more likely to be in damaging high-speed crashes than most other types of vehicles.” The cost to repair a vehicle also plays into how much an owner is charged for insurance.

Least expensive

At the other end of the spectrum is the Subaru Forester, which came in at $1,760 on average to insure. Subaru’s tend to have to have good safety records, which is an enticement for buyers who are typically more cautious drivers, less prone to collisions.

The rest of the top five of the least expensive includes: Jeep Cherokee ($1,767), Honda CR-V ($1,769), Jeep Wrangler ($1,777) and Honda Odyssey ($1,822). If you’re looking to save some money on insurance, there are a few things you can do.

First, buy a medium-sized vehicle. A common misconception is that the smaller the car, the cheaper it is to insure. Many insurers associate small cars with being faster on the road and more prone to getting into accidents.

Others might believe large cars are the perfect vehicle to drive. A midsized vehicle, like a sedan or small SUV, is the cheapest to insure in most cases, the website noted.

It can be cheaper to insure a plain car rather than a flashy one. Showy cars can be more of a target for thieves, which insurers consider when setting rates, the site added.

The average vehicle costs $1,255 to insure annually in the U.S., but several things factor into how much the end price is, including the age the vehicle, what you paid for it, engine size and what make and model it is.

The 2018 Jeep Wrangler Sahara is the cheapest car to insure in the U.S. On average, it costs $1,306.94 per year to insure this model. It’s cheap because its relatively affordable, it starts at $28,045, plus its sturdy and boasts plenty of safety features.

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Stellantis Showing Grand Cherokee 4xe, Chrysler Concept at CES 2022

Attendees at CES 2022 in Las Vegas will get their first in-person look at the 2022 Jeep Grand Cherokee 4xe as well as a concept car called the Chrysler Airflow as Stellantis looks make an impact on the highly influential show.

The Stellantis booth diagram at CES 2022 seems to lack vehicles from some of their brands, including Dodge and Ram.

Stellantis will showcase its salvo in electrification with more than just the Grand Cherokee 4xe, displaying vehicles spanning all of the company’s 14 brands, and featuring not just electrification, but autonomy and connectivity — technology that has been largely absent from its portfolios.

“The future of mobility is fueled by technology,” said Carlos Tavares, Stellantis CEO, in a statement. “Electrification, with our 30 electrified models available including fuel cell vans, connectivity and autonomy are all important facets of that future.”

Four platforms underpin Stellantis’s future

In July, Stellantis announced over €30 billion of investments in electrification and software through 2025 to execute its ambitious transformation.

The company’s show of force at CES is proof of the company’s massive product makeover. Going forward, battery-electric vehicles will use one of four platforms: STLA Small, STLA Medium, STLA large, and STLA Frame. The platforms are designed to accept a variety of drivelines.

Of 14 brands, Jeep’s the star

Despite its wide array of brands, the company appears to be focusing most on Jeep. 

2022 Jeep Grand Cherokee Summit 4xe charging
Stellantis is showing the 2022 Jeep Grand Cherokee 4xe, shown here in Summit trim charging, at CES 2022 in Las Vegas.

Jeep Grand Cherokee 4xe: Given that Jeep has already announced “Zero Emission Freedom,” its plan to offer a fully electric Jeep vehicle in every SUV segment by 2025, the arrival of the first Grand Cherokee plug-in hybrid electric model is no surprise. It’s expected to deliver 25 miles of all-electric range, while returning 57 MPGe. That’s impressive for an SUV with 375 horsepower and 470 pound-feet of torque.

When it comes to technology performance, the 2022 Jeep Grand Cherokee is equipped with a 10.1-inch display, Uconnect 5, an operating speed that’s five times faster than its predecessor, and equipped to handle over-the-air updates. Front passengers get a 10.25-inch touchscreen, while those in back can have 10.1-inch displays. And Amazon Fire TV streaming is built-in. Jeep will offer the Grand Cherokee 4xe in four trim levels: Limited, Trailhawk, Overland and Summit. The 4xe will not be offered on base Laredo models. 

Stellantis will emphasize its new Wagoneer luxury sub-brand at CES, with a display that fills a quarter if the booth.

Jeep Wrangler 4xe: Adding an exclamation point to the Grand Cherokee 4xe is the Wrangler 4xe, which provides 21 miles of pure electric driving, not bad for a vehicle that will take you to the edge of civilization. Power comes from a 2.0-liter inline-4 and two electric motors that generate 375 hp and 470 lb-ft of torque, enough to tow 3,500 pounds.

There’s also a conventional hybrid mode that blends power from both the gas engine and electric motors. A third, “e-Save” mode puts a priority on recapturing energy normally lost during braking and coasting to build up the battery pack’s charge.

Jeep Wagoneer and Grand Wagoneer: Jeep’s new luxury sub-brand is not expected to be shown in 4xe trim. But the Wagoneer and Grand Wagoneer is loaded with cutting-edge technology, with up to seven screens, including a 12.3-inch digital gauge cluster, a 12.1-inch infotainment touchscreen, a third screen for the front seat passenger, two video screens for the second row and another for the third row.

Integrated Amazon Fire TV, and a 1,375 watt, 23-speaker McIntosh sound system rounds out its tech package. Opting for the less-flashy Wagoneer nets an SUV powered by a 5.7-liter Hemi V-8 with a 48-volt hybrid system, delivering 392 hp and 404 lb-ft of torque, and returns an EPA fuel economy rating of up to 16 mpg city and 22 mpg highway.

Is a reimagined Chrysler on the way?

Chrysler Airflow concept CES 2022
Stellantis is looking to make a splash at CES with the Chrysler Airflow Concept. The company only released this computerized image of the vehicle.

Chrysler Airflow: Details are sparse on this concept, which we reported on a year ago. Bravely resurrecting the name of the failed, but innovative, 1934 model, Stellantis is saying little about the Airflow concept, other than it is “leading the brand’s transformation to clean mobility and seamlessly connected customer experiences.”

We do know that it uses the underpinnings of the Chrysler Pacifica Hybrid minivan suggests it could readily be brought to market. Currently Chrysler has two models: the Pacifica and the aging 300. Certainly, the brand’s lack of a clear image and its meager product line-up are ripe for a radical revision, and whatever the Airflow has to offer could be the first step in a reimagining of the brand. More is expected to be revealed at CES, but initial images reveal a concept with has a steeply raked windshield linked to an equally aggressive back end by a coupe-like roofline.

A possible lifeline for Fiat

Fiat 500 and Chrysler Airflow concept CES 2022
The auto company plans to show the new Fiat 500, left, as well as the Chrysler Airflow Concept at the show.

New Fiat 500: While no longer sold in the U.S., despite the presence of Fiat dealers. Unlike the previous electrified 500, dubbed the 500e and sold only in California, the New 500 has a range of up to 199 miles, not the 87-mile range that proved so impractical on the 500e, and comes equipped with an 85-kW fast charge.

Whether it will be brought to the U.S. remains unknown. Fiat dealers have one model in their current U.S. line-up, the 500X, which might explain why they’ve only sold 2,107 vehicles in the first 9 months of 2021. Given its meager line-up, the future of this brand in the U.S. remains questionable. Without new models, such as the New Fiat 500, the risk of consumers being stuck with an orphan will continue to smother sales.

A strong French presence 

Stellantis will also display three vehicles by brands not currently sold in the U.S. Perhaps the most intriguing is the Citroën Ami, a diminutive two-seat urban EV that uses symmetrical parts to keep costs down. Its cube-like shape maximizes its interior shape, and its tiny footprint allows it to recharge in three hours. There’s also the Citroën Skate Mobility Concept, a skateboard platform that can be used as a base for different pods that go on top of it. The company sees this as an autonomous mobility solution in urban centers.

A bit more excitement comes in the form of DS, a Citroën luxury sub-brand that was spun off as a standalone brand in 2015. They are showing the DS E-Tense FE21, a two-time defending champion in the ABB FIA Formula E World Championship. Weighing a mere 1,984 pounds, its 52-kWh battery helps generate 338-hp, resulting in a 2.8-second 0-60 mph time. Sacrebleu!

Other brands MIA — so far

Curiously, Stellantis said nothing about Ram, Dodge, Alfa Romeo, Maserati or others under the Stellantis umbrella. What those brands will display remains to be seen — or not. It is possible that Stellantis is seeking to emphasize Chrysler, so the absence of those brands leaves bandwidth for the Airflow to garner significant press.

Stellantis’s display can be seen virtually on Jan. 3, 2022.

Nikola Paying $125M to Settle with SEC

Nikola Corp. agreed to pay $125 million to settle civil charges levied against the company by the Securities and Exchange Commission claiming it defrauded investors by making false claims about its vehicles. 

Nikola CEO Trevor Milton t-shirt
Nikola’s settlement with the SEC still holds the company accountable for statements made by founder Trevor Milton.

The deal is separate from the civil and criminal charges against Trevor Milton, the company’s founder and now-former Chairman. In fact, the company’s agreed to cooperate with any current investigation and litigation, however, it didn’t admit or deny the SEC’s findings in the settlement.

The agency contends the company misled investors about the capabilities of its hydrogen fuel cell-powered vehicles, suggesting they were further along in development than they were. The focal point being a video of its Nikola One appearing to be driving under its own power, when it was actually rolling down a slight decline.

The video became the centerpiece of a report by short-selling research firm Hindenburg Research claiming Nikola was based on “intricate fraud built on dozen of lies” perpetrated by Milton. That quickly triggered an SEC probe and led to the decision by Milton to resign on Sept. 21.

Nikola agreed to pay the $125 million in five installments over two years. The first payment comes by the end of this year, with the remainder being paid in semi-annual installments in 2022 and 2023. The company previously disclosed Nov. 4, 2021 it took a $125 million reserve in its third quarter earnings to account for the expected settlement. 

Nikola Motor Chairman Trevor Milton
Nikola Motor’s former Chairman Trevor Milton is facing civil and criminal charges in court.

Milton not off the hook

Nikola “is responsible both for Milton’s allegedly misleading statements and for other alleged deceptions, all of which falsely portrayed the true state of the company’s business and technology,” said Gurbir Grewal, the SEC’s enforcement director, in a statement.

Milton saw civil and criminal charges filed against in July, claiming he used social media to repeatedly mislead investors about the company’s technology, netting “tens of millions of dollars” in the process. Milton’s repeatedly denied wrongdoing and is in the midst of a court battle.

Audrey Strauss, the acting U.S. Attorney for the Southern District of New York, said during a press conference in late July, Milton deliberately set out to deceive what she described as “retail investors” by making claims he knew were false about Nikola products.

While Nikola’s settled up with the SEC, it’s now focused on its former leader.

Nikola Tre Class 8 semi
The company’s attempting to move on from the problems. In fact, it delivered its first battery-electric Tre Class 8 rigs last week.

“The company has taken action to seek reimbursement from its founder, Trevor Milton, for costs and damages in connection with the government and regulatory investigations,” the company said in a release.

Moving forward

“We are pleased to bring this chapter to a close as the company has now resolved all government investigations,” the company said in a statement. 

“We will continue to execute on our strategy and vision to deliver on our business plan, including delivering trucks to customers, expanding our manufacturing facilities and our sales and service network, and building out our hydrogen infrastructure ecosystem including hydrogen production, distribution and dispensing stations.”

This is already happening as it delivered the first Nikola Tre battery-electric pilot trucks to Total Transportation Services Inc. (TTSI), a Southern California’s port trucking company, to expedite zero-emission transportation solutions at the ports of Los Angeles and Long Beach.

The company is engaged in a four-truck pilot program with the trucking company, involving two battery electric trucks with a range of 350 miles and two fuel cell-electric trucks with a range of 500 miles. If the vehicle trials go well and TTSI obtains government funding, the company will provide 30 BEVs in 2022, and 70 FCEVs are anticipated to start in 2023.