U.S. moves ahead with $12 billion plan to retrofit auto plants for EVs
The funding comes amid tense negotiations between the Detroit 3 and the UAW, which has said the transition to EVs threatens union jobs.
BYD is 1st Chinese carmaker to show models at Japan Mobility Show
The Chinese EV maker is one of only three foreign carmakers that will set up their booths and showcase their models at the Japan Mobility Show, along with German brands BMW and Mercedes-Benz.
How to compare credit repair options
If you have recently applied for a financial product, you may have been met with higher than normal rates. This, primarily due to inflation, is unfortunately out of your control. But working to improve your credit score through the process of credit repair can mean a higher score and potentially better rates in the future.
When choosing which credit repair route — a credit repair company, a credit counselor or through DIY approaches — consider the following factors to ensure the chosen method fits your specific needs.
Time available
While the process of repairing your credit is not known for its quick speed, there are some options that might be preferred over others if the timing is top of mind. Of the routes, the do-it-yourself approach has the largest time commitment. It will require you to get copies of your reports, review them, file any disputes and adopt healthier spending habits.
If you’re looking to save some of your own time, consider a credit repair company. These companies handle the research and dispute filing for you. While it may not take less time overall, you won’t be actively handling the process.
Do this before the redesigned 2024 FAFSA launches in December
By Trea Branch | NerdWallet
For the first time since 2016, the Free Application for Federal Student Aid (FAFSA) will not be ready on Oct. 1 for the following academic year. Instead, students have to wait until December to fill out and submit a redesigned application for financial aid — including federal student loans, grants and work-study — for the 2024–25 school year.
Nearly 72% of college families didn’t know that the 2023-24 FAFSA became available on Oct. 1, 2022, according to a 2023 study by private student loan lender Sallie Mae. If families aren’t ready to go when the new FAFSA is released this year, they could miss out on vital aid to help them cover college expenses.
“We’re dealing with a truncated financial aid season,” says MorraLee Keller, senior director of strategic programming at the National College Attainment Network (NCAN), a nonprofit organization supporting college affordability. Keller says all students should do what they can to be ready when the new simplified FAFSA is released.
Ford expands line of credit by $4 billion to weather market ‘uncertainties'
The revolving credit agreement adds to the $47 billion in total liquidity the automaker had at the end of the second quarter.