Canadian auto parts billionaire Frank Stronach arrested on sexual assault charges
Austrian-Canadian auto parts billionaire Frank Stronach was arrested Friday on suspicion of sexual assault spanning decades, police said Friday. Peel Regional Police said Stronach, 91, was charged with five offences including rape, lewd acts with a woman, sexual assault and forcible confinement. Police said he was released on conditions and will appear in Ontario Provincial […]
Auto prices are falling, but owning a car is more expensive than ever
According to Insurify, Nevada has the second-highest auto insurance costs in the nation. Cost New and Used Cars Prices may be down from 2021 highs, but rising insurance costs and financing rates still make it much more expensive to own a car. New internal data on auto loan originations from Bank of America suggests overall […]
Measure impacting auto voter registration raises non-citizen registration concerns
(The Center Square) – An Illinois Senate bill aims to streamline the automatic voter registration process to include applicants for both standard driver licenses, which non-citizens can now obtain, and REAL IDs for those who provide documentation of U.S. citizenship. State Sen. Ram Villivalam, D-Chicago, amended Senate Bill 496 and said that applicants who present immigration documents will […]
California advances legislation cracking down on stolen goods resellers and auto theft
The California Senate on Wednesday approved 15 bipartisan bills that would stiffen penalties for organized crime groups, expand drug court programs and close loopholes in the law to make it easier to prosecute auto thefts. One proposal would require large online marketplaces like eBay and Amazon to verify the identities of sellers who make more […]
Monthly car payments decline despite rising auto insurance rates
More than 17% of drivers who own a new car pay more than $1,000 per month. (iStock) The auto industry is becoming increasingly affordable, with monthly payments for a new car averaging $735 as of the first quarter. Although it is still at a high level, it is a slight decrease compared to the previous […]
Auto industry experts warn Biden’s EV mandate may limit gas car options in the future
Industry experts say that when President Biden said Americans can “buy any kind of car they want,” he was taking into account new emissions standards his administration is introducing that will reduce consumer choice. It is said that there was not. In a speech outside the Rose Garden on Tuesday, Biden focused on protecting American […]
China’s EVs a ‘Nightmare’ for U.S. Auto Workers Without Steep Tariffs
BYD, the Chinese Communist Party’s (CCP) major automaker, sells electric vehicles (EVs) that cost $12,000, but without a complete ban or increased tariffs on electric vehicles (EVs) made by Chinese companies, “This could be a nightmare” for the automotive industry. . a report from detroit newsIn interviews with multiple industry insiders, the magazine found that […]
Biden’s New Rule on Auto Emissions Will Accelerate Death Spiral for Auto Manufacturers
For one of the wealthier countries on this planet, America, with 330 million that represents about 4% of the world’s 8 billion on this planet, President Biden is speeding ahead with EV mandates to ditch most new gas cars by 2030. Biden may not be cognizant that 80 percent of the 8 billion on this […]
Consumers see higher auto payments in exchange for better borrowing rates
Car loan repayment terms have become shorter, but monthly payments have increased. (iStock) Experian recently found that rising interest rates are making long-term loans less attractive, even for borrowers with good credit. report. They’re making higher monthly payments over shorter terms in exchange for better interest rates, said Melinda Zabritsky, head of auto financial insights […]
Elon Musk visits China as competitors show off new electric vehicles at Beijing auto show
Tesla founder and CEO Elon Musk met with top government officials in the Chinese capital on Sunday, just as the Chinese automaker unveiled its latest electric vehicle model at the Beijing Auto Show. I was in the middle of it. Chinese state broadcaster CCTV reported on its main evening news program that Chinese Premier Li […]