car

Will Covid-19 Murder The Sports Car Before Our Very Eyes?

⚡️ Read the full article on Motorious

Times are changing everywhere thanks to the recent pandemic, and not even the auto industry is safe.

When it comes to sports cars, you would think that we couldn’t live in a better time as automakers are competing more than ever to release factory cars generating impressive numbers right off the assembly line. The fastest street-legal production Mustang – the all-new 2020 Shelby GT500 – makes 760-horsepower out of a supercharged 5.2-liter V8 straight from the gates of the Blue Oval. But, there seems to be an ominous cloud looming in the near distance, one that has already caused massive destruction, much like a category 5 hurricane. That storm is named Covid-19.

A Shelby GT350 Ford Mustang at SEMA

While we were celebrating and bringing in the New Year with hopes and dreams of the best year yet, little did we know that a pandemic would be unleashed

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Now Is the Best Time to Buy a Car

great time to buy

Illustration by Marcos ChinCar and Driver

The past few months have upended virtually every plan anyone had made anywhere in the world, and that upheaval seems likely to continue for the foreseeable future.

So, with the knowledge that time makes fools of us all, and the understanding that pandemics speed the process, we’d like to make a prediction: This is going to be a great year to buy a car.

In some ways, this is a simple supply-and-demand argument. March was a brutal month for car sales, which fell by 27 percent across the industry in the first quarter despite slight increases in January and February. J.D. Power reported some improvement in sales by late April compared with earlier in the month, but numbers still trailed 48 percent behind pre-pandemic forecasts. Automakers temporarily shuttered U.S. plants in March to help slow the spread of the virus (and, in

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McLaren Will Cut 1200 Jobs, May Mortgage Heritage Car Collection

  • Amid the coronavirus pandemic, McLaren is going to cut 1200 jobs, a quarter of its workforce. Those cuts will be spread across its entire group, which includes the Formula 1 team and Applied Technologies.
  • McLaren CEO Mike Flewitt says the hypercar maker expects to lose two years of product momentum while it deals with financial challenges, although the 765LT and the Elva (above) are still on track.
  • The company is trying to raise money from a bond issue that’s secured against McLaren’s heritage car collection and its headquarters, but existing bond holders are crying foul.

    While all automakers have been suffering in the COVID-19 crisis, luxury manufacturers have been struggling more than most with production shutdowns and collapsing revenues. We’ve already told you about Aston Martin’s battle to secure its future—one that predates the coronavirus—and now McLaren is trying to secure its future by raising emergency funding. The supercar maker

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