Tag: texas

By on December 3, 2021

Tesla CEO Elon Musk has sold another 934,091 shares of the company, worth a hefty $1.01 billion, as a way to meet tax obligations related to the exercise of options to buy 2.1 million shares. But it’s just a drop in the bucket, as Mr. Musk’s offloading of Tesla stock has surpassed $10 billion overall. That’s roughly 10.1 million shares since the CEO asked Twitter users at the start of November whether or not he should dump 10 percent of his existing stake in the company following its big move to Texas.  (Read More…)

By on October 8, 2021

Tesla CEO Elon Musk has officially announced that his company would be moving house this week. Currently nestled upon the bosom of Silicon Valley in Palo Alto, CA, the automaker has expressed its intent to establish a new base of operations in Austin, TX. While this situation has been a long time coming, it’s not quite the prompt walkout that everyone was predicting 17 months ago.

At the start of the pandemic, Musk found himself at odds with local officials pushing strict COVID lockdowns. The CEO had wanted to keep the all-important Fremont facility up and running at the start of 2020, suggesting workers could simply choose to stay home without there being any negative repercussions (or pay). Told again to shut down, Tesla sued Alameda County on the grounds that its orders were unconstitutional and violated a return-to-work mandate recently issued by Governor Gavin Newson. Before long, Elon Musk was openly confessing he was fed up with the state of California and would be relocating the business(Read More…)

By on May 19, 2021

Texas lawmakers have presented Senate Bill 1728 as a way to nail electric vehicles for circumventing fuel taxes, sending everyone into a tizzy. Electrification has become about more than simply developing new powertrains under the auspices of environmentalism and it’s observable in this week’s headlines. But let’s discuss what SB 1728 hopes to achieve so that you might make up your own mind without this author’s forthcoming influence.

If passed, the bill would raise fees on EVs as a way to make up for the gas tax they’re not paying. The proposed legislation stipulates an annual fee of between $190 and $240, an additional fee of at least $150 for anyone who drives their car more than 9,000 miles a year, and then 10 bucks per year for the local charging advisory council. The rules would come into effect this September and raise an estimated $37.8 million for the State Highway Fund in 2022. While we cannot say whether that money will be used responsibly, the pretense is that the funds will be used to “[equalize funding for] road use consumption for alternatively fueled vehicles.” (Read More…)

By on July 15, 2020

If you happen to find yourself running a section of this country and would like an automaker to build a factory there, we’ve got a couple of tips to help improve your odds. It might be unfair to call them tips, however, as they’re common knowledge and realistically the only way to get a business to settle on your land. Step One involves promising as much money and as little regulation as possible. Step Two involves waiting for their response.

Hoping to beat out Oklahoma as the home of Tesla’s Cybertruck, Texas is attempting to dazzle the electric automaker with the tax breaks it knew the company wanted. All the automaker has to do is spend over a billion dollars to build its facility in Travis County.  (Read More…)

By on July 1, 2020

gm

If you’ve visited an airport recently, you probably heard on CNN that cases of COVID-19 are on the rise in jurisdictions that largely escaped the earlier wave. Against this backdrop, General Motors came under pressure this week to cease operations at its Arlington, Texas assembly plant.

Home to four full-size SUV models currently undergoing a generational metamorphosis, the plant lies in a state experiencing an upswing in infections. It’s also a key player in GM’s post-lockdown recovery. The automaker says it’ll stay open. (Read More…)

By on June 23, 2020

To Travis County, Texas, wherein lies the city of Austin, it probably sounds great.

Tesla, which has been on the hunt for a second U.S. production site for months, plans to pitch just such an offer to county officials on Tuesday, Bloomberg reports. In it, the automaker calls the jobs “middle-skill,” which has assembly plant worker written all over it. (Read More…)

By on June 15, 2020

Tesla CEO Elon Musk has made it painfully clear that Texas is his first choice when it comes to locations for a second U.S. vehicle assembly plant. The executive, disillusioned and annoyed with Silicon Valley and the general California experience, had somewhere in the central or southern U.S. on his mind when he started hunting for a new plant location.

A report out of Austin Monday suggests Tesla could be close to sealing a deal. (Read More…)

By on September 17, 2019

Image: Toyota

Toyota Motor Manufacturing Texas is slated to receive a $391 million investment earmarked for streamlined pickup production. The manufacturer wants to merge the Tacoma and Tundra models onto a common platform, something we’ve mentioned in the past, and Toyota’s Tuesday announcement solidifies those rumors.

The new platform is meant to make hybridization easier and provide the basis for the entirety of the automaker’s global truck line — including SUVs like the Sequoia. (Read More…)

By on April 11, 2019

What happens when specific used car requirements combine with some old fashioned encouragement from TTAC staff?

A one-way road trip spanning five states, that’s what.

(Read More…)

By on October 8, 2018

You may recall news from earlier this year of All Pro Nissan and its associated dealers, most of whom starred in Episode #4391 of the seemingly never-ending series titled “Dealers Behaving Badly.”

At the time, the entities – owned in part by a consortium of former NFL players – were being taken to task by the captive finance arms of Nissan and Hyundai over allegations that parts of the dealer group sold hundreds of vehicles, worth more than $10 million, out of trust and also failed to repay floorplan loans.

So what’s the punishment for these alleged misdeeds? Why, another brand new dealership, of course!

(Read More…)

By on September 19, 2018

Sprinkle a bag of cash on an area and what happens? The highest authority in said area collects it all and then decides how to dole it out. And, just like at a children’s birthday party, the squabbling soon begins — usually sparked by one guest complaining that another got a larger slice of cake.

That’s what’s currently happening in Texas, where a city with dirtier air claims it’s being short-changed after seeing the windfall headed to a smaller, cleaner city. No fair! (Read More…)

By on September 10, 2018

Two years after the concept’s debut in Detroit, the “production” 2020 Kia Telluride appeared during New York City’s Fashion Week festivities this past weekend.

Fashion is not a subject this author is particularly familiar with. While I know that a button-up and suit jacket serves me better than an oversized Space Jam t-shirt, the reasons why remain a complete mystery. I just know that people are less likely to ask me to leave their establishment when I’m wearing a tie.

Be that as it may, I am savvy enough to know that Fashion Week is a strange locale in which to introduce a new vehicle. However, fashion designer Brandon Maxwell convinced Kia to donate to his childhood school district in Marfa, Texas, in exchange for the opportunity to showcase the automaker’s giant, unibody SUV. Created by Kia’s American design studio in Irvine, California, the customized Telluride that appeared on the runway drew influence from Texas (where everything is bigger). Fittingly, that was also Maxwell’s inspiration for the Spring/Summer 2019 collection — which I’m told is “fabulous.”  (Read More…)

By on August 13, 2018

The Reagor Dykes Auto Group was formed in 2006 after Bart Reagor, shown above, teamed up with a business partner to create a company that now eclipses half a billion dollars in annual sales. This is accomplished through a myriad of manufacturer franchises ranging from Ford to Chevy to Toyota, not to mention its dozen or so rooftops dealing solely in used cars.

Now, the company is facing allegations of major financial chicanery. In court documents filed last week, Ford Motor Company accuses Reagor Dykes of running one of the “largest floor-plan financing frauds in the history of the United States.”

(Read More…)

By on February 8, 2018

dallas squad car hammered

Earlier this week a man wielding a sledgehammer walked into the Dallas Police Department’s motorpool and started swinging. The city’s Police Association claims the man wailed on 12 cars at the Central Division station on South Hall Street in Deep Ellum at roughly 5:20 in the morning on February 4th.

The man, 58-year-old Gregory Simpson, apparently entered the police station parking lot through an unsecured gate and started hitting the first police car in sight. By the time he was stopped, he’d caused an estimated $4,900 in damage. Had he not focused primarily on windshields, that figure probably could have come up a bit. But, as breaking glass is one of life’s simple pleasures, his focus was understandable. Why he chose to vent his frustrations on parked squad cars is not, however. (Read More…)

By on November 6, 2017

Ariel atom

In 2013, Texas’ Department of Motor Vehicles began revoking titles on newly built dune buggies. While that was already a bit of a dick move, the state was at least good enough to grandfather-in existing vehicles. However, that has changed in recent months now that the state’s DMV seems keen on enforcing Texas Administrative Rule 217.3 (Section 6).

The mandate, which appears only to exist to make automotive hobbyists sad, came into rule in March of 2015. But it has picked up lot of steam since then, denying titles on dune buggies and kit cars that had previously received them without trouble. As a result, enthusiasts are starting to organize in the hopes of lobbying the state to re-legalize the vehicles as others sell off their beloved rides — fearful that nobody would buy them in Texas since they aren’t street-legal anymore.  (Read More…)

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