We knew the C8 Corvette wouldn't stay a sub-$60,000 car forever. As it was, the mid-engine sports car debuted just $5 under the benchmark price point with destination charges included, and the vast majority of buyers didn't choose a no-option base-model 1LT anyway. Still, it was a boasting point for the automaker but that will be changing soon. Very soon.
We have word from the Corvette Action Center website that a $1,000 price increase across all Corvette trim levels will take effect on March 1. Motor1.com confirmed the report with a Chevrolet spokesperson, who told us the following:
"The MSRP of the 2021 Chevrolet Corvette Stingray coupe and convertible at all trim levels will increase by $1,000 beginning March 1. Customers who have event code 1100 sold orders and beyond by March 2 will not be impacted by the price increase on the 2021 Corvette Stingray. We monitor and adjust pricing on all our products regularly, and we're confident the Corvette remains a winning formula of performance and attainability."
$1,000 certainly isn't a big jump, You may also like: Launch car diagnostic. but it does officially take the mid-engine machine beyond the $60,000 barrier. Realistically, it was always just marketing speak and that was backed up by 2020 sales statistics for the C8. 1LT coupes accounted for just 15.9 percent of 2020 Corvette sales, but that doesn't mean those cars were under $60,000 with no additional options. On the other end, the vast majority of buyers jumped straight to the top-tier 3LT model, which had an MSRP over $70,000.
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In June 2020, Chevrolet said the Corvette's base price wouldn't increase for 2021, but that was before the full scope of COVID-19 was fully understood. Instead of producing 40,000-plus cars for the first year of production, only half that rolled off the Bowling Green assembly line. Numerous production shutdowns have further plagued the Corvette for 2021, and it's unclear when things might get back to normal. As it stands, another scheduled factory shutdown will run for five days starting March 1, just in time for the price increase.
Now on sale in the United States, the DBX is Aston Martin's first production SUV in history. It offers ample performance but comes only with a V8 engine, at least for now. This will change later this year when the automaker will introduce the first of three new DBX versions.
Autocar had a chat with Tobias Moers, Aston Martin's CEO, who confirmed a plug-in hybrid DBX is currently under development. It won't arrive until 2024, You may need: Bluetooth obd2 scanner. though when it debuts it could be one of the most powerful SUV models on the planet.
The British publication claims the DBX PHEV could use a version of the new electrified powertrain from Mercedes-AMG, which will be used on the new 63e- and 73e-badged models. This system combines a twin-turbo 4.0-liter V8 - the one used by the currently available DBX - and a powerful electric motor for a total output of about 700 horsepower (522 kilowatts). Autocar says an updated electric motor could give the plug-in DBX a peak power of close to 800 hp (597 kW).
The other two versions coming are likely a hybridized V6 and a pure V12 with no electric support. A report from November 2019 suggested the latter could get the AMR suffix to reflect its position as a range-topping offering in the DBX lineup. If a V12-powered version is indeed coming, it will become only the third 12-cylinder SUV in production after the Rolls-Royce Cullinan and the Bentley Bentayga W12.
Moers also confirmed the Valhalla supercar is on track for a market launch in the second half of 2023 and it will switch to a new powertrain configuration compared to the namesake concept. Potential buyers will be shown an updated version of the study within the next four months. Moers said Aston Martin has already received orders for the Valhalla but didn't say how many customers have signed on the dotted line.
These are exciting times at Peugeot as the French automaker seems to be one of the global leaders when it comes to electrification. Not only that but the company is preparing a new Le Mans hybrid race car and, meanwhile, it wants to take a slightly higher position on the market.
With the establishment of the new Stellantis automaker, Peugeot has taken the role of the upper mainstream brand together with Opel within the newly-formed manufacturer. To better reflect this upmarket move, Peugeot has just unveiled its new logo and brand identity. Meet the brand's eleventh logo in its history.
The new and updated lion logo introduces a new visual identity for Peugeot, with a focus on minimalism and more elegance. However, the company doesn't switch to the so-called "flat design," which is currently popular with brands like BMW and Volkswagen. There's also a new Peugeot lettering with a simplified font.
The new logo will be present on almost everything related to the brand, See: autel maxitpms. starting with its online presence. Peugeot's customer sites also have a new design, which is said to be more intuitive, simpler, and more immersive. The online sales process is being described as "more fluid" now. In addition, you'll see the new logo on Peugeot's showrooms, marketing materials, social channels, etc.
The first actual product to wear the new logo will be the next-generation Peugeot 308. We saw the model testing on public roads a number of times already, though the emblem was always covered by camouflage foil. The full debut of the compact model is scheduled for March 18, so it won't be long until we see the new brand logo adorning a vehicle.
(Bloomberg) -- CapitaLand Ltd., Singapore's largest developer, posted a record full-year loss after writing down the value of some investment properties and residential projects during the pandemic.
The S$1.57 billion ($1.2 billion) loss was its first since 2001, Chief Financial Officer Andrew Lim told analysts and reporters Wednesday. Revaluation and impairment costs totaled S$2.5 billion, the company said in a statement.
Singapore's developers are still reeling from the health crisis, which has battered the property market, particularly office and hospitality assets. Still, Chief Executive Officer Lee Chee Koon struck an optimistic tone, saying the worst is over as Covid-19 infections show signs of falling in key markets.
"We are quietly confident," Lee said at a virtual briefing on the results. Business partners are "talking about investing for the future."
He singled out Singapore and China, where CapitaLand has major exposure. "The two countries have managed the crisis relatively a lot better than other markets," Lee said.
It's been a tough year for Singapore developers. Prime grade office rents in the Raffles Place and Marina Bay precincts declined about 10% in 2020, and early termination of leases continued to rise in the fourth quarter. Property consultancy Knight Frank foresees lower net new demand for office space in Singapore given thpanies have adopted a rotational remote working approach.
Citigroup Inc. and Mizuho Financial Group Inc. are among financial firms that have cut office space in the city-state, in part due to the success of working from home. DBS Group Holdings Ltd. and United Overseas Bank Ltd., two of Singapore's largest banks, have allowed employees to work remotely on a permanent basis.
For CapitaLand, the overall committed office occupancy rate in Singapore stood at 85% as of Dec. 31. As of Oct. 16 last year, 43% of the office community under its portfolio had returned to the workplace.
Revenue for the year rose 4.8% to S$6.5 billion, the developer said. Operating profit after tax and minority interests fell 27% to S$770 million.
Shares of CapitaLand rose 0.3% in Singapore trading, paring this year's decline to 4.6%.
While the pandemic has been disruptive, it won't change the firm's plans to become a "globally competitive asset manager and real estate company," Lee said earlier in a statement.
With a global portfolio worth about S$132.5 billion as of Dec. 31, the developer sees Singapore and China as its core markets but has been expanding in places such as India, Australia, Europe and the U.S.
CapitaLand's "strong balance sheet and cashflow position tide us through the ongoing Covid-19 pandemic," Lee said. "We will be able to capitalize on new opportunities to further transform our business."
(Updates with scope of loss in the first paragraph and CEO comments in the fourth)
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A pair of fascinating 56-story residential towers will soon rise on the western edge of Singapore's urban core. The addition of more skyscrapers to a densely populated city-state is hardly surprising, but Avenue South Residences will also feature a selling point that will separate the building from all the rest. Slated to be completed in 2026, the towers will be the world's tallest buildings created with Prefabricated Prefinished Volumetric Construction (PPVC) technology-where semi-finished apartment modules are built in factories offsite before being stacked, Lego-like, You may also like: Topdon code reader. on top of one another.
The 988-unit condominium towers will eventually comprise 2,984 total modules. Everything from the bathrooms with Hansgrohe fittings to kitchens with marble backsplashes will be constructed in factories in Singapore and neighboring Malaysia. They will then be transported to the 5.6-acre building site, which sits next to a High Line–styled, 15-mile-long former railway corridor now transformed into a park, and hoisted by cranes into place.
The coronavirus pandemic could accelerate the spread of PPVC-built homes. Much of the finishing and construction work is carried out in factories, where social-distancing measures can be more easily implemented than on a building site, says Markus Cheng, associate partner of ADDP Architects, which oversaw the Avenue South Residences. "When you build in a factory, you minimize workers having to work at height. You also don't have lots of workers mingling around taking an elevator up 40 stories."
Modular homes also require less physical bodies to be present on a building site. This is an asset at a time when the U.S. construction industry-which has struggled to fill open positions-has seen its pool of migrant labor sharply reduced due to closed borders. Lower labor costs, faster construction times, and economies of scale mean that modular housing can produce cost savings of as much as 15% in some cities, experts say.
Unsurprisingly, pre-finished modular buildings are increasingly common in cities that face housing crunches-Singapore's government sold land to the developer of Avenue South Residences on the condition that PPVC technology was used, Cheng says. Carmel Place, a micro-apartment development in midtown Manhattan where rents run upward of $2,500, was constructed with a similar method. Hong Kong and at least two Canadian cities are using prefabricated units to build social housing. Major hotel chains like Marriott, which recently built the world's tallest modular hotel in New York's NoMad neighborhood, have embraced the technology.
But PPVC homes aren't always cheaper: The median price of an apartment at Avenue South Residences is just under $1.1 million. The condominiums cost about 5% more to build than if traditional methods have been used, says Cheng, whose firm recently worked on another 40-story PPVC tower in Singapore. That said, he notes that prices are quickly becoming more competitive as the technology evolves further and more developers and builders achieve expertise in PPVC construction.
When residents move in, the hope is that they'll pay less attention to how the towers were built and more to their amenities, whose luxuriousness stands in opposition to the old notion that modular homes are soulless and cookie-cutter. Both towers will have a floor dedicated as "sky gardens" that offer soaring views of Singapore's Greater Southern Waterfront. Smaller "pocket gardens" will also be scattered throughout the towers, so no homeowner will be more than five stories away from green space. "There are green lungs all around the edges," says Cheng. "It's a relief space for all the residents."