Credit Acceptance shares surge after Q1 net income rises 6%
The subprime auto lender reported $214.3 million in profit last quarter off $455.7 million in revenue.
GM partnership to provide safety data to transportation officials
GM and Inrix will use crash, vehicle and vulnerable-road-user information, along with data from the U.S. Census, to measure the effectiveness of roadway safety projects.
U.S. launches $45 million program for EV battery development
The D.O.E. said it is launching the Electric Vehicles for American Low-Carbon Living program with $45 million to support production of advanced EV batteries.
KAR Global close to finalizing ADESA U.S. sale to Carvana
KAR expects to finalize the sale of ADESA to Carvana within the next week. KAR CEO Peter Kelly confirmed the timeframe in the company’s first-quarter earnings release. KAR also reported an $8.4 million net loss in the quarter.
Toyota finds a way to make its kaizens faster
Invisible AI has developed a sophisticated motion capture device that Toyota will begin using on a widespread basis across its plants to improve quality and safety and increase efficiency.