GM's EV battery joint venture Ultium resumes operations in Ohio after chemical spill
Cathode mixing operations at the Ohio plant had been paused while Ultium assessed the situation and worked with a third-party company on the cleanup.
Advance Auto Parts names new CEO, starts review as earnings shrink
Shane O’Kelly will replace Tom Greco, who informed the company earlier this year of his plans to retire. Advance Auto said that Greco will stay on for an unspecified period as an adviser.
Lenders must apply F&I refunds after vehicles repossessed or totaled, N.Y. says
The New York State Department of Financial Services reminded auto lenders to give consumers refunds on car protection products if their vehicles are repossessed or deemed a total loss. The CFPB also has frowned on financial institutions failing to refund GAP insurance after total losses.
Consumer Financial Protection Bureau: Unfair for lender to keep excess interest on ‘power-booked' auto loan
The Consumer Financial Protection Bureau has told at least one auto lender to stop keeping excess amounts collected from borrowers in situations where a car dealership has been caught inflating vehicle value by reporting nonexistent features, a practice known as “power booking.”
In-car USB ports are switching to a new standard — but not everyone is all-in yet
As the tech world coalesces around a single USB port design, some automakers are moving at a slower pace to keep customers happy and their devices plugged in.