Overheard: What sparked a passion in Liza Borches for service and parts
Carter Myers CEO Liza Borches discussed her start in service and parts and why it remains her passion on the ‘Trailblaze Your Path’ podcast.
Half-point Fed rate cut could spur consumer demand at auto dealerships
Car dealerships might see higher demand from consumers following the Federal Reserve’s decision Sept. 18 to cut its benchmark rate target 0.5 points, according to Edmunds.
VW stops sale of ID4 over faulty door handles, halts output and furloughs employees
As a result of a stop-sale, VW is pausing ID4 production in Chattanooga with some employees set to be furloughed.
The Federal Reserve is finally lowering rates. Here’s what consumers should know
By CORA LEWIS
NEW YORK (AP) — The Federal Reserve has cut its benchmark interest rate from its 23-year high, with consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses.
On Wednesday, the Fed announced that it reduced its key rate by an unusually large half-percentage point, to between 4.75 and 5 percent, the first rate cut in more than four years.
NCL names new Miami-bound cruise ship Norwegian Luna
Norwegian Cruise Line on Wednesday announced its new ship will be named Norwegian Luna and will sail out of Miami beginning in 2026.
A sister ship to the forthcoming Norwegian Aqua, both are larger versions of the line’s latest Prima class of vessels known as Prima Plus. The ships are 10% larger than 2022’s Prima and 2023’s Viva, coming in at 1,056 feet long, 156,300 gross tons and a 3,550-passenger capacity based on double occupancy. It’s still smaller than the line’s popular Breakaway Plus class ships Escape, Joy, Bliss and Encore.
The ship will debut in March 2026 sailing Caribbean voyages from PortMiami less than a year after Norwegian Aqua’s planned debut out of Port Canaveral. Both will be delivered from Italian shipbuilder Fincantieri.
“Inspired by the relationship between the moon and the tides of the ocean, we are excited to introduce Norwegian Luna as the vessel that perfectly complements her sister ship, Norwegian Aqua,” said NCL President David J. Herrera in a press release.