Tax credit workaround spurs EV leasing
In July 2022, 26 percent of new EV deals were leases vs. sales, up significantly from 7 percent in December, J.D. Power data showed.
AI in lending limits bias, speeds up process
A borrower’s income is quickly and accurately verified using AI, matching the applicant with the right type of auto loan.
UAW talks degrade as deadline nears
UAW President Shawn Fain said Ford’s offer of raises and improved benefits ‘fails to meet our needs,’ and the union filed charges of unfair labor practices against GM and Stellantis.
Hyundai's U.S. EV factory cost grows to $7.59B
Hyundai Motor Group and battery partner LG Energy Solution’s joint venture is increasing the total investment into the electric vehicle and battery complex near Savannah, Ga., to $7.59 billion.
UAW accusations against GM, Stellantis have few precedents
The last known charge of unfair labor practices filed by or against the Detroit 3 was in 1998. The UAW also made such a claim against GM during the 1937 Flint sit-down strike.