Lithia enters Memphis market, expands in Canada
The Tennessee-based stores represent Lithia’s first in the metro Memphis market.
Findlay Automotive targeted in cyberattack
Findlay Automotive Group has been hit by a cybersecurity attack that continues to hamper some of its sales and service operations.
3 steps to take after transferring a balance to a new credit card
By Jae Bratton | NerdWallet
Of the debt held by the major credit card issuers, 82% of that amount is revolving — that is, carried over from month to month — according to the 2023 Consumer Credit Card Report from the Consumer Financial Protection Bureau. The same report found that 1 in 10 personal credit card accounts are charged more in interest and fees than is paid toward the principal each year.
When you’re paying so much just in interest, credit card debt can feel like an impossible weight to shed. But there’s a way to pause those crushing interest charges, at least temporarily, with a balance transfer credit card. By moving the debt to a balance transfer credit card with a 0% APR promotion, you won’t pay any interest for the 0% term, which can be as long as 21 months.
Transferring a balance to a new credit card is just part of the process, though. After the debt has been relocated, you’ll need discipline to focus on paying it off before that promotional window closes and interest charges resume on the remaining balance.
GM trims EV production forecast, invests $850 million in Cruise
CFO Paul Jacobson told investors that GM plans to build fewer EVs because it now expects them to make up a lower percentage of total auto sales than expected this year.
Editorial: CAFE pullback by NHTSA welcome, but still out of sync with EPA
Automakers require clear goals and regulations if they are to continue to make their products less hazardous to the environment. One national standard is needed.