Auto body shop explosion leads to five-alarm fire, damaging several businesses in Hillside.
A significant explosion at an auto repair shop in New Jersey on Tuesday evening triggered a massive five-alarm fire that engulfed several nearby businesses, leading to a chaotic situation, according to local officials and reports. “A wall collapsed, which seemingly devastated the entire shopping area stretching from Conklin Street and Winans Street to Maple Street,” […]
Can the Fuel Emissions Freedom Act protect America’s auto industry from California?
California, your emissions policy is under scrutiny. This is the essence of House Bill HR 4117, known as the Freedom of Fuel Emissions Act, which is causing quite a stir in the automotive sector. Even if Congress decides to clarify things, the lawsuit is definitely on the horizon. California hasn’t hesitated to leverage the courts […]
Major Auto Companies Seek Your Data, but Trump and Congress Reject It.
Congress Pushes for AM Radio in Vehicles Amid Concerns There’s a growing push in Congress to prevent automakers from sidelining consumer privacy and safety, especially as they receive significant federal support. Recently, the House Energy & Commerce Committee voted overwhelmingly—50 to 1—along with the Senate Commerce, Science, and Transportation Committee to back the All Vehicle […]
Auto dealer Tricolor declares bankruptcy and plans to liquidate.
Tricolor Files for Bankruptcy Amid Fraud Allegations On Wednesday, auto dealer Tricolor submitted a Chapter 7 bankruptcy petition in Texas, signaling its intent to liquidate. This move came just a day after Fifth Third Bank issued warnings about potential fraudulent activities involving the company. The bankruptcy filing reveals that Tricolor, which ranks as the third-largest […]
The burden of auto tariffs is impacting families and factories
It appears that the Heritage Foundation’s Project 2025 has hinted at implementing tariffs on imported goods. The idea is that these tariffs might encourage American companies to manufacture domestically. However, the approach taken by Trump, characterized by high tariffs and aggressive negotiation tactics, has made trade policies rather contentious. This initiative started off tumultuously, with […]
Midday stock movements: Miami International, Paramount Skydance, Advance Auto Parts, and others
Market Overview Miami International Holdings, which is the parent company of the Miami-based exchange operator MIAX, saw its stock surge over 43% in its debut on the New York Stock Exchange. They priced their initial public offering at $23 per share, and it was last traded for more than $31. In contrast, media companies like […]
Steves & Sons teams up with Bot Auto for autonomous delivery in Texas
Steves & Sons Teams Up with Bot Auto for Unmanned Cargo Delivery A new pilot program aims to inject autonomous transportation into the heart of Texas. Steves & Sons, a long-standing door manufacturer, is collaborating with BOT Auto, a startup focused on autonomous cargo, as well as JB Hunt, a major logistics company. The objective […]
Major Attractive Legislation Features Auto Loan Tax Benefit, Certain Limitations Exist
The so-called “big beautiful bills” come with quite a few downsides. Right now, we’re dealing with some odd environmental laws, the disappearance of EV tax credits, and, I think, Texas has taken control of quite a lot, including the space shuttle. This bill, in a way, manages to keep some promises, proving that even a […]
New Tax Relief for Auto Loans Might Save Buyers Significant Money, But Will It Increase Sales?
New Tax Credit for Vehicle Loans Under Trump’s Tax Law Millions of Americans currently benefit from a federal tax credit for mortgage interest payments. Additionally, a new tax law introduced by President Donald Trump allows people to claim a tax credit on interest from vehicle loans for the first time. This new tax deduction is […]
Tax relief for auto loans from Trump could save buyers a lot — but will it increase sales?
Many individuals benefit from a federal tax credit for the interest on their mortgage payments. With the introduction of President Donald Trump’s tax law, a new option has emerged: tax credits on vehicle loan interest. This tax deduction isn’t just for people who itemize. Still, there are some restrictions. The vehicle needs to be new, […]