Hyundai pushed fake EV sales reporting scheme, Napleton lawsuit claims
Hyundai said it does not ‘condone any intentional falsification of sales reporting data and [has] launched an immediate investigation.’
CATL poised to remain in global ‘pole position' on EV batteries despite U.S. tariffs
CATL is rapidly climbing the list of the world’s largest suppliers as it pursues an aggressive global growth strategy.
GM supplier to invest $390M in new Michigan plant, factory expansions
Gestamp is building a $64.5 million, 450,000-square-foot plant in suburban Detroit to support GM. The plant is expected to create 390 jobs.
Corporations want you to rent, not own. Can lawmakers stop them?
By Holden Lewis | NerdWallet
If you rent a house when you would rather own, pin some of the blame on corporate landlords.
The 10 biggest institutional investors owned more than 430,000 single-family rental homes at the end of 2023, and they continue to acquire houses to rent out to middle-class families. Corporate landlords seek to dominate the neighborhoods they target, simultaneously reducing the inventory of houses to buy while expanding the stock of houses to rent.
Members of Congress have introduced bills to force the largest institutional investors to dramatically cut their holdings.
Renting costs less than buying
The United States suffers from a housing shortage of between 1.5 million and 5.5 million units, depending on whom you ask. Institutional investors benefit from the shortage because it pushes prices higher, making homeownership unaffordable for many. The median home resale price rose to a record $419,300 in May, according to the National Association of Realtors. Mortgage rates have remained above 6.5% since May 2023.
Cox: Used-vehicle wholesale prices fall 8.9% in June from a year ago
Used-vehicle wholesale values fell 0.6 percent in June from May, Cox said July 9. A Cox expert also gave predicted diminishing lease maturities through the year.