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Mike Floyd

Mike Floyd is a finance executive by trade and a car enthusiast at heart. As a CFO with a keen eye for detail and strategy, Mike brings his analytical mindset to the automotive world, uncovering fresh insights and unique perspectives that go beyond the surface. His passion for cars—especially his favorite, the Porsche 911, fuels his contributions to Automotive Addicts, where he blends a love for performance and design with his professional precision. Whether he’s breaking down industry trends or spotlighting emerging innovations, Mike helps keep the site both sharp and forward-thinking.

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mike@automotiveaddicts.com

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Automotive

2023 Dodge Challenger SRT Hellcat with Manual Transmission is Available One Last Time
Jun 5, 2023 Ξ

2023 Dodge Challenger SRT Hellcat with Manual Transmission is Available One Last Time

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Dodge made a significant change to the Challenger SRT Hellcat for recent model years (after mid cycle 2021) by removing the standard six-speed manual transmission. However, the Tremec TR-6060 gearbox  Full Article »

Automotive

Discounts Doubled on Tesla Model 3 US Inventory
Jun 2, 2023 Ξ

Discounts Doubled on Tesla Model 3 US Inventory

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Tesla Inc. has recently implemented significant discounts on its Model 3 electric cars in its U.S. inventory in an effort to attract buyers amidst economic uncertainty, heightened competition, and the  Full Article »

Automotive

Report: U.S. Auto Safety Regulator Fails to Meet Internal Timelines in Defect Investigations
Jun 2, 2023 Ξ

Report: U.S. Auto Safety Regulator Fails to Meet Internal Timelines in Defect Investigations

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According to a government report released on Thursday, the U.S. auto safety regulator, the National Highway Traffic Safety Administration (NHTSA), has consistently failed to meet internal timelines for completing auto  Full Article »

Automotive

Lucid to Raise Nearly $3 Billion from Saudi’s Public Investment Fund & Others
Jun 1, 2023 Ξ

Lucid to Raise Nearly $3 Billion from Saudi’s Public Investment Fund & Others

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The electric-vehicle manufacturer Lucid Group Inc announced on May 31 that it is securing approximately $3 billion in funding from Saudi Arabia’s Public Investment Fund (PIF) and other sources. This  Full Article »

Automotive

Ford Recalls 142,000 Lincoln MKC SUVs for Fire Risks
Jun 1, 2023 Ξ

Ford Recalls 142,000 Lincoln MKC SUVs for Fire Risks

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Ford Motor has announced a recall of 142,000 Lincoln MKC SUVs in the United States due to concerns over under hood fires. The automaker is advising owners to park their  Full Article »

Automotive

Automatic Emergency Braking Requirements Proposed by NHTSA for New Vehicles
May 31, 2023 Ξ

Automatic Emergency Braking Requirements Proposed by NHTSA for New Vehicles

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The U.S. Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) has recently introduced a Notice of Proposed Rulemaking aimed at enhancing road safety by mandating the inclusion of automatic  Full Article »

Automotive

Toyota To Invest $2.1 Billion in N.C. Battery Plant & Build Kentucky SUV Factory
May 31, 2023 Ξ

Toyota To Invest $2.1 Billion in N.C. Battery Plant & Build Kentucky SUV Factory

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Toyota has revealed plans to invest an additional $2.1 billion in the construction of an electric and hybrid vehicle battery factory near Greensboro, North Carolina. This facility will play a  Full Article »

Automotive

Ford CEO: EVs May Not Reach Cost Parity Until After 2030
May 31, 2023 Ξ

Ford CEO: EVs May Not Reach Cost Parity Until After 2030

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According to Ford Chief Executive Jim Farley, electric vehicles (EVs) are not expected to reach cost parity with internal combustion engine (ICE) vehicles until after 2030. Farley made this statement  Full Article »

Automotive

Jaguar Land Rover Recalling I-PACE EV SUVs Over Fire Risks
May 31, 2023 Ξ

Jaguar Land Rover Recalling I-PACE EV SUVs Over Fire Risks

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Jaguar Land Rover (JLR) is issuing a recall for approximately 6,400 I-PACE electric SUVs in the United States due to concerns over potential fire hazards. The recall is prompted by  Full Article »

Automotive

2024 Cadillac CT4-V & CT5-V Blackwing Celebrate 20th Anniversary of “V” with New Colors & Content
May 30, 2023 Ξ

2024 Cadillac CT4-V & CT5-V Blackwing Celebrate 20th Anniversary of “V” with New Colors & Content

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We recently had a chance to experience the 2023 Cadillac CT5-V Blackwing, and essentially walked away wanting to order one to put in the Automotive Addicts garage. For the 2024  Full Article »

Automotive

Canadian Government Invests in GM-POSCO Quebec EV Battery Materials Plant to Expand Supply Chain
May 30, 2023 Ξ

Canadian Government Invests in GM-POSCO Quebec EV Battery Materials Plant to Expand Supply Chain

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General Motors (GM) is set to receive $220 million in government support from both the Canadian federal government and the Quebec province for the establishment of an electric vehicle (EV)  Full Article »

Automotive

Tavares: Stellantis Will Need Two Additional U.S. EV Battery Plants To Reach Output Targets
May 30, 2023 Ξ

Tavares: Stellantis Will Need Two Additional U.S. EV Battery Plants To Reach Output Targets

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According to Reuters, Stellantis CEO Carlos Tavares stated that the company would require one or possibly two additional large factories dedicated to electric vehicle (EV) batteries in the United States  Full Article »

Automotive

Report: Solar Power Could Overtake Oil Production Investment Helping to ‘Fuel’ EVs
May 29, 2023 Ξ

Report: Solar Power Could Overtake Oil Production Investment Helping to ‘Fuel’ EVs

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According to a recent report by the International Energy Agency (IEA), investment in clean energy is expected to surpass spending on fossil fuels in 2023, with solar projects leading the  Full Article »

Automotive

Ford CEO: Tesla Superchargers May Become the Standard for EV Charging
May 26, 2023 Ξ

Ford CEO: Tesla Superchargers May Become the Standard for EV Charging

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According to Ford CEO Jim Farley, Tesla’s Superchargers have the potential to become the standard for electric vehicle (EV) charging in the United States. This statement comes after Ford recently  Full Article »

Automotive

Hyundai & LG Energy to Build $4.3 Billion EV Battery Plant in US
May 26, 2023 Ξ

Hyundai & LG Energy to Build $4.3 Billion EV Battery Plant in US

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Hyundai Motor Group and LG Energy Solution have announced plans to construct a $4.3 billion electric vehicle (EV) battery plant in the United States. This joint venture aims to capitalize  Full Article »

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