‘Bloodbath’ Coming for American Auto Industry
He Xiaopeng, CEO of XPeng Motors, predicts a “disaster” for the U.S. auto industry with the help of cheap Chinese electric vehicles (EVs). Last weekend, while campaigning in Andalia, Ohio, former President Donald Trump said that without steep new U.S. tariffs on Chinese-made EVs, the U.S. auto industry would lose jobs, move industry offshore, and […]
Auto safety group gives most hands-free driving systems ‘poor’ ratings
The Insurance Institute for Highway Safety (IIHS) announced Tuesday that nearly all partial driver automation systems received a “poor” rating in a new rating program aimed at improving road safety. IIHS, an automobile safety organization, rThe results have been published Results of the first round of testing with the new evaluation program. Of the 14 […]
Advance Auto Parts to add 3 new directors after Dan Loeb’s firm takes stake
Advance Auto Parts announced the appointment of three new members to its board of directors following the appointment of hedge funds Third Point LLC and Saddle Point Management as automotive aftermarket parts providers. The company plans to add an executive with expertise in automotive supply chain and merchandising to its current nine-member board of directors. […]
Stop Chinese EVs before they destroy our auto industry
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Rise in Maryland juvenile auto thefts motivates lawmakers to introduce juvenile justice bills
The Maryland House of Representatives on Friday approved a measure aimed at improving accountability and rehabilitation in the juvenile justice system after some crimes, such as auto theft and handgun violations, have increased in parts of the state. . The Democratic-controlled House of Representatives voted 126-6 in favor of the bill, with six Democrats voting […]
Many drivers are spending over 30% of their monthly income on auto loans, car insurance costs also rising
Many drivers are stressed out by high car loans and insurance premiums. (iStock) Buying a car is becoming increasingly expensive, with one in 10 drivers spending more than 30% of their monthly salary on a car loan. MarketWatch survey results revealed. The survey asked 1,000 drivers how their monthly car payment affected their finances and […]
Activate auto reply for text messages on Android so you’re not interrupted
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California auto shop owner Aristeo Zambrano shot dead while working in Bay City Alternators in broad daylight
The owner of a beloved Oakland auto shop that has been a pillar of the area since the 1990s was gunned down in broad daylight on February 3 while working at his shop. Aristeo Zambrano, 68, who immigrated from Mexico in the 1970s and worked for the United Farm Workers (UFW) movement, was retiring from […]
Surging auto insurance costs are fueling higher inflation
Former Assistant Secretary of the Treasury Monica Crowley talks about the strain inflation is having on the middle and lower classes on “The Bottom Line.” Rising auto insurance premiums are fueling high inflation and continuing to put financial pressure on millions of households across the country. Consumer prices rose 0.3% Labor was up 3.1% in […]
Auto loan delinquencies spiked last year in troubling sign for economy
Portfolio Wealth Advisors President and Chief Information Officer Lee Manson talked about the expected earnings releases of major banks, the Federal Reserve’s interest rate cuts, and gave his outlook for the market this year. More Americans are falling behind on their car payments, and this is an ominous sign for the country. us economy This […]