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Top 10 Bestselling SUVs of 2023

Peep-peep, this is Street Drift. The daily newsletter gives you auto industry news more often than you floss. And you don’t have to lie to your dentist about us.

So, buckle up, and let’s hit the road together!


The Greenlight: Ferrari Shakes Hands with Samsung

Car Parts: Bits and pieces of the latest automotive news

Dashboard:Top 10 Bestselling Cars, Trucks, and SUVs 2023

Around the Car: How Toto Wolff Zoomed into the Billionaire’s Club

GreenLight!

Ferrari Shakes Hands with Samsung

Ferrari’s new partner Samsung will be piloting the way for in-car displays.

  • Buckle up, speedsters! Ferrari is taking a ride with Samsung Display, gearing up to use their flashy OLED panels in future car models. Because, you know, nothing screams luxury like a crisp, vibrant screen to match your car’s horsepower. 🏎️💨
  • Samsung Display will be whipping up “bespoke OLED technology display solutions” for the next generation of Ferraris. What’s next, a touchscreen steering wheel? We’re here for it! 😂
  • The financial deets of this deal are still hush-hush, but we’re guessing it’s worth more than a few cans of premium engine oil. 💸
  • Ferrari’s got its eye on the electric prize, focusing its investments on electrification and outsourcing non-crucial components and/or software. Because who needs door handles when you’ve got OLED displays? 🚗⚡
  • The Italian supercar maker is set to unveil its first fully electric car in 2025. We can already hear the silent roar of the engine! 🎧
  • Samsung Display, a unit of Samsung Electronics, is going all-in on OLED panels, investing over $3 billion in manufacturing in Asan, South Korea. Now that’s some serious screen time! 📺🌏

Stay tuned to Street Drift for more electrifying updates from the fast lane!

Car Parts!

1- ‘Resilient!’- BMW Q1 sales grew only in the US, with China and Europe seeing a decline, while Volkswagen also recorded a fall in deliveries except in China and North America.

2- ‘SLASH!’- The US Energy Department has proposed cutting electric vehicles’ mileage ratings to meet fuel economy requirements, potentially forcing automakers to either sell more low-emissions cars or improve existing models.

3- ‘The Irony’– Although most used cars and trucks are becoming cheaper than new ones, some models are still retaining their inflated prices.

 4- ‘Disconnected!!’- General Motors has announced that it will no longer provide connectivity to Apple CarPlay and Android Auto in its upcoming electric vehicles.

5- ‘Under 3000-‘ The starting price for the 2023 Toyota Corolla Cross Hybrid is set at slightly less than $30,000.

Dashboard

Top 10 Bestselling Cars, Trucks, and SUVs 2023

10. Tesla Model 3 (estimate of 63,000 sold)

9. Toyota Camry (66,037 units sold)

8. GMC Sierra (67,198 units sold)

7. Honda CR-V (67,241 units sold)

 6.Nissan Rogue (76,499 units sold)

5. Toyota RAV4 (84,704 units sold)

4. Tesla Model Y (Estimate of 85,000 units sold)

3. Ram Pickup (105,350 units sold)

2. Chevy Silverado (123,9994 units sold)

1.Ford F-Series (170,377 units sold)

Around The Car

Racing to Riches: How Toto Wolff Zoomed into the Billionaire’s Club

buckle up for a wild ride! Toto Wolff, the big kahuna of Mercedes-AMG PETRONAS F1 Team, is now part of the billionaire club, and it’s all thanks to a sweet deal that scored him a cool $500 million. F1’s growth is like a rocket strapped to a cheetah – it ain’t slowing down anytime soon.

So, how did Toto go from being a racing junkie to a billionaire baller? Our man had his hands on the wheel as a racer, switched lanes into investing, and then zoomed into F1 like a boss for the past 15 years. Mercedes hired him with a delicious discount on an equity stake, making him the F1’s ultimate rainmaker.

Once Toto entered the scene, he transformed Mercedes from a struggling team into a legendary powerhouse. It’s like he sprinkled some magic F1 fairy dust, and suddenly Mercedes dominated with 8 straight championships. The team’s revenue went from zero to a hundred real quick, and Mercedes’ brand value pumped up 75% since 2013.

And let’s not forget about Formula 1 as a whole – it’s been thriving like an avocado tree in California. Liberty Media scooped it up for $4.4 billion in 2016, and now it’s flexing with a whopping $16 billion value. Wolff’s Mercedes F1 stake is worth around $500 million, and with his $25 million salary and other investments, he’s become a big shot in F1.

So there you have it, the epic journey of Toto Wolff cruisin’ into the billionaire’s club with style and a whole lotta horsepower!

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