Luxury Car Sales Surge Amid Global Supply Chain Disruptions and Surging Inflation

blue Rolls Royce at a dealership

Luxury car sales surged in 2021 while mainstream car companies struggled amid global supply chain disruptions and soaring inflation, The Wall Street Journal reported.

Luxury car brands, including Rolls-Royce, Bentley, Porsche and BMW, all reported record sales in 2021, the WSJ reported. Reduced international travel reportedly encouraged high-end car users to boost their vehicle purchases.

Meanwhile, the auto industry was crushed by supply chain bottlenecks and worsening chip shortages causing companies to curb production, the WSJ reported.

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Northam Awards $9.4 Million from Volkswagen Lawsuit Funds to Electrify Diesel Fleets at IAD, Fairfax County, and Amherst County

Governor Ralph Northam awarded $9.4 million to fund electrification of government-owned vehicle fleets for Dulles International Airport, Fairfax County, and Amherst County. The funds are part of the Clean Air Communities Program (CACP) and is funded by the Volkswagen Environmental Mitigation Trust (VEMT). Along with the $9.4 million awards, Northam announced a second round of funding, an additional $20 million, to electrify school buses.

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Governor Ralph Northam Signs Major New Clean Car Standards Bill

Governor Ralph Northam announced newly-signed legislation Friday that will require approximately eight percent of model year 2025 vehicles sold in Virginia to be zero-emissions vehicles. HB 1965, introduced by Delegate Lamont Bagby (D-Henrico), adds Virginia to the list of states following California’s vehicle emissions standards, which are stricter than the federal standards Virginia currently follows.

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Volkswagen’s ‘Diesel-Gate’ Hits Tennessee As Company Plans to Dump Hundreds of Thousands of ‘Fixed’ Cars in U.S.

Martin Winterkorn

Will hundreds of thousands of Volkswagen diesel vehicles that have been the subject of U.S. and international criminal and civil actions after it was discovered that the vehicles had been rigged to “cheat” emissions testing soon be sold in Tennessee? It appears so, though few state or federal officials seem…

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