Audi plans EV factory in U.S. due to Inflation Reduction Act, CEO says
A U.S. plant for electric cars has of become “highly attractive,” CEO Markus Duesmann told a German newspaper.
Ford extends downtime at Louisville Assembly until March 6
Ford is extending downtime at its Louisville plant, but the automaker appears to have found a fix for a software issue plaguing the freshened Escape and Corsair, according to the plant’s building chairman.
Carvana net loss widens to $806 million in Q4
The company’s growing tide of red ink caps off a year of inflationary pressures, rising interest rates, reductions in profit per vehicle and fluctuations in consumers’ used-vehicle demand.
Mechanics Bank stops taking auto loan applications, will exit the business
Mechanics Bank of Walnut Creek, Calif., confirmed to that it is exiting its indirect auto-lending business and has stopped taking new loan applications.
Cars.com rebounds with Q4 profit, shares rise
The company expects its marketplace to see more 2023 pullback from digital dealers.