Latest news with #HummerEV
Yahoo
an hour ago
- Automotive
- Yahoo
Tesla owners gut-punched after receiving unexpected notice from insurance company: 'Mind you, zero accidents in my life'
Tesla's reduced production of its Cybertruck is having a ripple effect on owners, some of whom say insurance companies are now canceling policies for the vehicle. What's happening? Once one of the world's most-hyped vehicles, sales and production numbers for Tesla's Cybertruck have fallen sharply. In the second quarter of this year, the company sold just 4,306 Cybertrucks, a drop of more than 50% over the same period in 2024. Now, Torque News reported, some insurance companies are using those numbers to cancel their coverage of the all-electric truck. One Illinois resident wrote in a Cybertruck owners' Facebook group that his Cybertruck would need to be removed from his policy. He shared a letter written by Hanover Insurance, which said the company is "unable to adequately rate and underwrite the vehicle" because of its limited production and that "its design represents a unique challenge, as it poses an extraordinary expense for repair or replacement under comprehensive or collision coverage." The only way his overall policy could avoid cancellation, the company wrote, was to remove the Cybertruck from it. "Mind you," he wrote, "zero accidents in my life." Why are Cybertruck issues concerning? This development is the latest piece of troubling news surrounding the Cybertruck — and, really, Tesla's overall sales this year. As Torque News noted, the company already has the capacity to produce 130,000 Cybertrucks per year, and CEO Elon Musk previously suggested Tesla would make up to 250,000 of the vehicles each year. But based on its second-quarter numbers, the company would be on pace to produce fewer than 20,000 Cybertrucks annually. In that quarter, Cybertruck sales were not only beaten by those of the Ford F-150 Lightning but also by the Hummer EV. And the problem wasn't limited to the Cybertruck, as Tesla's overall sales fell 12.6% from the previous year. Are you planning to buy a new car in the next two to three years? No way Maybe Probably Definitely Click your choice to see results and speak your mind. As the biggest electric-vehicle company, any negative development for Tesla could potentially make people think twice before switching to an EV, which could keep more high-polluting, dirty energy-burning cars on the road instead. What can I do about this? On the Facebook group, some other Cybertruck owners said they also received cancellation notices from Hanover Insurance but had success finding policies with other companies, namely Farmers Insurance. But no matter what make or model it is, switching from a gas-powered vehicle to an EV is one of the best choices you can make for our environment. And with the $7,500 federal EV tax credit ending Sept. 30, thanks to the passage of the "Big Beautiful Bill," now may be the perfect time to make that switch. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the in to access your portfolio
Yahoo
an hour ago
- Automotive
- Yahoo
Tesla owners gut-punched after receiving unexpected notice from insurance company: 'Mind you, zero accidents in my life'
Tesla's reduced production of its Cybertruck is having a ripple effect on owners, some of whom say insurance companies are now canceling policies for the vehicle. What's happening? Once one of the world's most-hyped vehicles, sales and production numbers for Tesla's Cybertruck have fallen sharply. In the second quarter of this year, the company sold just 4,306 Cybertrucks, a drop of more than 50% over the same period in 2024. Now, Torque News reported, some insurance companies are using those numbers to cancel their coverage of the all-electric truck. One Illinois resident wrote in a Cybertruck owners' Facebook group that his Cybertruck would need to be removed from his policy. He shared a letter written by Hanover Insurance, which said the company is "unable to adequately rate and underwrite the vehicle" because of its limited production and that "its design represents a unique challenge, as it poses an extraordinary expense for repair or replacement under comprehensive or collision coverage." The only way his overall policy could avoid cancellation, the company wrote, was to remove the Cybertruck from it. "Mind you," he wrote, "zero accidents in my life." Why are Cybertruck issues concerning? This development is the latest piece of troubling news surrounding the Cybertruck — and, really, Tesla's overall sales this year. As Torque News noted, the company already has the capacity to produce 130,000 Cybertrucks per year, and CEO Elon Musk previously suggested Tesla would make up to 250,000 of the vehicles each year. But based on its second-quarter numbers, the company would be on pace to produce fewer than 20,000 Cybertrucks annually. In that quarter, Cybertruck sales were not only beaten by those of the Ford F-150 Lightning but also by the Hummer EV. And the problem wasn't limited to the Cybertruck, as Tesla's overall sales fell 12.6% from the previous year. Are you planning to buy a new car in the next two to three years? No way Maybe Probably Definitely Click your choice to see results and speak your mind. As the biggest electric-vehicle company, any negative development for Tesla could potentially make people think twice before switching to an EV, which could keep more high-polluting, dirty energy-burning cars on the road instead. What can I do about this? On the Facebook group, some other Cybertruck owners said they also received cancellation notices from Hanover Insurance but had success finding policies with other companies, namely Farmers Insurance. But no matter what make or model it is, switching from a gas-powered vehicle to an EV is one of the best choices you can make for our environment. And with the $7,500 federal EV tax credit ending Sept. 30, thanks to the passage of the "Big Beautiful Bill," now may be the perfect time to make that switch. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
Hindustan Times
12-07-2025
- Automotive
- Hindustan Times
Actor Ranveer Singh brings home the Hummer EV worth ₹4.5 crore
₹4.5 crore data-item-target-url=/auto/electric-vehicles/ data-item-story-segment=Luxury> Ranveer Singh recently added the GMC Hummer EV 3X to his garage, making him the first Indian actor to bring home the American electric SUV (Friday Night Cars ) Check Offers Ranveer Singh, known for his performances in movies like Padmaavat, Gully Boy, 83, Lootera, and more, is an avid petrolhead, and the actor has now added his electric vehicle to the garage. Singh is known for doing things in his style, and his latest EV acquisition stands as a testimony to the same, with the star bringing home the GMC Hummer EV 3X. The American electric SUV is priced around ₹ 4.5 crore and has been specifically converted to the right-hand drive (RHD) guise for the Indian market. Ranveer Singh's First Electric Vehicle Ranveer Singh is the first actor in India to get the GMC Hummer EV 3X. The all-electric offering marks a resurrection of the iconic Hummer nameplate, which was a popular choice with the elite in the Indian film circles back in the 2000s. Singh took delivery of his new prized possession earlier this month, soon after celebrating his 40th birthday on July 6, 2025. Also Read : Skoda ropes in Ranveer Singh as brand ambassador, celebrates 25 years in India The GMC Hummer EV 3X packs a tri-motor setup that produces up to 986 bhp and 15,592 Nm of peak torque, depending on the variant (Friday Night Cars ) The GMC Hummer EV is not officially on sale in India and needs to be privately imported after the RHD conversion. Friday Night Cars is the importer for Singh's vehicle. The new Hummer EV not only takes its name but also the design inspiration from the original Humvee. The big, bold, and intimidating SUV marks a strong road presence while packing dollops of power from its all-electric powertrain. Singh has opted for the SUV body style, while a pick-up version is also available. GMC Hummer EV 3X: Specifications Powering the GMC Hummer EV 3X is a tri-motor e4WD system that produces up to 986 bhp and a whopping 15,592 Nm of peak torque. 0-100 kmph comes up in just 3.5 seconds, which is impressive for a model that weighs over 4.5 tonnes. The Hummer EV draws power from a 178 kWh battery pack with a claimed range of 505 km on a single charge. Also Read : Mercedes-Benz GLS AMG Line launched at ₹ 1.4 crore The GMC Hummer EV comes with the 'Crab Walk' function, which allows the SUV to move diagonally, traversing challenging terrains The Hummer EV comes with immense off-roading capabilities, including the famous 'Crab Walk" feature that allows the SUV to move diagonally, helping traverse challenging terrains. Other creature comforts include a 12.3-inch digital instrument console, a 13.4-inch touchscreen infotainment system with Apple CarPlay and Android Auto, ventilated seats, a Bose sound system, adaptive air suspension, and a lot more. Ranveer Singh's Car Collection Ranveer Singh's new GMC Hummer EV 3X will be joining several other exotics in his garage, including the Aston Martin Rapide, Lamborghini Urus, Mercedes-Maybach GLS 600, Toyota Fortuner Legender, and more. The actor was announced as Skoda Auto India's brand ambassador earlier this year. On the work front, the actor is gearing up for his next release 'Dhurandhar', slated to arrive in theatres in December this year. Check out Upcoming EV Cars in India, Upcoming EV Bikes in India. First Published Date: 12 Jul 2025, 12:44 pm IST
Business Wire
10-07-2025
- Automotive
- Business Wire
EDO Reveals 2025's Most Effective TV Ads: Red Lobster, Taco Bell, and Beyoncé-Backed Levi's Lead the Way
NEW YORK--(BUSINESS WIRE)--Today, TV outcomes company EDO unveiled the most effective TV ads from the first half of 2025, spotlighting the creatives that drove the strongest consumer engagement — measured by branded search and site visits — across 15 key industries, including Apparel, Auto, CPG, and Restaurants. As media fragmentation grows and performance pressure intensifies, the most effective marketers are turning to outcome-based insights to inform their strategies. With every media dollar under greater scrutiny, EDO delivers the immediate signals brands need to make smarter creative and media decisions while campaigns are still live. Each ad in EDO's rankings outperformed its industry peers in driving immediate consumer response — behaviors that are proven to predict future sales. Marketers can look to these standouts for creative inspiration, performance benchmarks, and new ways to activate audiences across Convergent TV. 'Some of the biggest creative wins this year came from brands willing to meet the moment — whether it was Red Lobster rebuilding after bankruptcy, Cadillac stepping into the luxury EV space, or Taco Bell entering QSR's crispy chicken wars,' said Laura Grover, SVP, Head of Client Solutions, EDO. 'These campaigns took different paths and strategies, but all drove measurable consumer engagement that signals intent and powers future business growth.' Here are some of the top trends from EDO's list. For a deeper dive into all 15 categories — including Alcohol, Breakfast, Credit Cards, Cruises, Insurance, OTC Pain Relief, Snacks, and Travel — visit Apparel: Levi's reached No. 1 featuring Beyoncé, while Mott & Bow, New Balance, Vuori, and Tecovas each landed two ads in the top 10. Automotive: In the Luxury Automotive category, Cadillac's 2025 Escalade IQ ranked No. 1, with Acura and Lexus also showing a strong presence. Among Non-Luxury advertisers, GMC led with the Hummer EV and its Crabwalk feature, while Toyota and Ford secured multiple top ads, including NFL-backed campaigns. CPG Beauty: Dove led with uplifting ads focused on confidence and self-care, followed by Gold Bond, Neutrogena, No7, and Lancôme with celebrity-backed campaigns. Diabetes & Weight Management: Noom claimed eight of the top 10 spots promoting GLP-1 drugs and health advice, with Hims' GLP-1-focused ad outperforming the category by 522%. Restaurants: In Casual Dining, Red Lobster landed five of the top creatives, boosted by NBA vet Blake Griffin and NSYNC's Joey Fatone, alongside Applebee's, Outback Steakhouse, and Buffalo Wild Wings, focusing on meals under $20. Meanwhile, in the QSR category, Taco Bell dominated with top ads spotlighting its Luxe Cravings Box and the debut of its crispy chicken, while Long John Silver's and McDonald's also engaged with value and pop culture themes. 'Great creatives drive real business outcomes by inspiring viewers to take action,' continued Grover. 'This year's top ads used bold visuals, humor, music, and culturally resonant moments to spark meaningful response.' How Brands Use EDO to Maximize TV ROI EDO makes it easy to optimize media and creative strategy across linear and streaming TV. The company's Creative Rotation Optimization tool helps advertisers detect, compare, and improve performance while campaigns are still live. About EDO EDO is the TV outcomes company. Our leading measurement platform connects convergent TV airings to the ad-driven consumer behaviors most predictive of future sales. EDO empowers the advertising industry to maximize media impact, optimize creative performance, and know the fair value of every impression — across linear and streaming for an increasingly programmatic world. By combining immediate engagement signals with world-class decision science and vertical AI, EDO equips industry leaders with syndicated, investment-grade data that aligns media to business results — with detailed competitive, category, and historical insights. Leading brands, agencies, networks, streamers, and studios trust EDO's TV intelligence to know what works.
Mint
06-07-2025
- Automotive
- Mint
Has there ever been a better time to buy an EV?
EV prices are low but U.S. consumers aren't that interested. Not even bargain-basement deals are enough to entice U.S. drivers to go all-in on electric vehicles. A Hyundai dealership in New Jersey is hyping a $169-a-month lease on its Ioniq 6 sedan, which carries a sticker price of about $38,000, making it far less expensive than a comparably priced lease on its gasoline-burning models. Kia will lease its small Niro EV SUV for as little as $129 a month. And a GMC dealership in Indiana touts the Hummer EV—with a $100,000 sticker price—for a monthly lease payment of $650, similar to the monthly payment for a gas-powered car that costs half as much to buy. The dealership in Kokomo, Ind., sells about one Hummer EV a month, sales manager Travis Shedron said. Curious shoppers will check it out, then opt for a gas-powered Cadillac Escalade or GMC Denali instead. 'They're doing well, but they're not selling as well" as gas-powered alternatives, he said of the Hummers. Across the industry, sales of battery-powered cars are falling despite financial incentives. Even as automakers pile on the financial incentives to entice buyers, EV sales are falling. In June they were lower by 6.2%, the third straight monthly decline for battery-powered cars, according to estimates from Motor Intelligence, an industry-research firm. Tesla, which accounts for roughly half the EV market in the U.S., said last week that its global sales dropped 13.5% during the second quarter. The plunge comes despite EV makers spending record amounts on customer discounts and incentives. Meanwhile, Republican lawmakers are phasing out the $7,500 EV tax credit that has been in place for years to help boost sales. Why are so many American drivers hesitant? 'It's [driving] range, it's cost and it's charging infrastructure," said Mark Barrott, automotive lead at consulting firm Plante Moran. 'They've always been the big three reasons." Despite EV skepticism, EV models have proliferated. There are 75 models on sale in the U.S. this year, up from fewer than 20 on offer in 2020. There are twice as many incentives offered to buy EVs as exist for gas-powered cars, said Stephanie Valdez Streaty, an analyst for Cox Automotive. Promotions covered more than 14% of the average transaction price in May, according to Cox's data. Vehicles were on display in May at a car expo in Washington, D.C., hosted by the Transportation Department. Tesla's price drops have driven the market, she added. During the most recent quarter, Tesla offered 0% financing for its Model 3 sedan, which starts at roughly $42,000, and the Cybertruck, which starts at $69,990. Last week, the Tesla showroom in Manhattan's Meatpacking District was busier than traditional car dealerships lining 11th Avenue in Hell's Kitchen, but tourists accounted for most of the foot traffic. Out-of-towners seemed more interested in snapping photos of Tesla's Optimus humanoid robot than taking a test drive. Vincent Darbouze of Quebec stopped to compare the latest Tesla models with the Swedish Polestar EV he owns. He said he has no plans to trade in his vehicle now, but could be convinced by the right financial incentives. 'I know the tax credits in the U.S. are kind of done," he said. The EV tax credits targeted by Republicans have been a key driver of electric-car sales, particularly among less-affluent buyers. For new cars, the credit amounts to as much as $7,500 off the price, while used-car costs can be cut by up to $4,000. President Trump's 'big, beautiful bill" puts an end to those credits as of Sept. 30. A Tesla car dealership in the Brooklyn, N.Y. Federal EV tax credits are set to end in September. Some drivers may be motivated to buy or lease an EV before fall, but analysts aren't expecting a groundswell of interest. That is because making the leap to an EV can be daunting because of the cost of home chargers and the lack of a robust charging infrastructure in many U.S. cities and along major highways. Many carmakers including Ford, BMW and Hyundai are trying to allay these worries with deals for free home-charger installation or offers to cover the cost of charging at a public station. Leasing has remained the primary way for dealers to move EVs off their lots. Wealthy customers and pricier EVs haven't been eligible for the EV credit that is expiring, but those restrictions haven't applied to leased vehicles. In the fall, both sales and leases will have to succeed or fail in an unsubsidized EV market. 'That gives us basically 60 days to figure out what our plan is," said David Christ, general manager of Toyota in North America. 'The ground under the transactional experience for the EV is about to change and we'll have to reset." Write to Ryan Felton at Sharon Terlep at and Imani Moise at
