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, […]
Trying to create his own version of grand theft auto
$30 for a Car – Quite the Deal! Police are reporting that a young thief in Michigan was behind a series of car thefts. The 12-year-old suspect was caught by Oakland County Sheriff’s Officers while attempting to break into a vehicle in Pontiac last Saturday, according to Sheriff Michael Bouchard’s statement. Detectives discovered that this […]
Auto Workers union might have lost $80 million due to investment mistake, according to report
A recent report indicates that an investment mistake could have set the United Autoworker Union back by as much as $80 million. The union’s board decided to liquidate a stock investment worth approximately $340 million in August 2023 in order to distribute pay to striking workers the following month, with plans to reinvest the leftover […]
Tariffs or free trade: Which is more beneficial for the American auto industry?
Trump’s Tariff Strategy and Its Impact on US Auto Manufacturing President Trump advocates for a straightforward approach to revitalizing American manufacturing: “The more you go, the more likely they will build plants here.” This strategy aims to encourage foreign automakers to invest more in the United States. So far, it appears to be yielding results, […]
Changes in debt: Credit card and auto loan activity slows as student loans rise
At the start of the year, many Americans slowed down on credit card and auto debt, yet they began missing student loan payments, which are now showing up on credit reports. New data highlights a rising financial concern. Household debt grew from $167 billion to $18.2 trillion in the first quarter, according to a recent […]
2025 Shanghai Auto Show: Tesla absent, Xiaomi takes the lead
The Shanghai Auto Show really stands out. It’s easy to see why, considering that China controls 30% of the global automotive manufacturing market. Xiaomi’s Su7 Ultra Hyper Sedan is being touted as one of the most thrilling releases from the Shanghai show in 2025. This electric vehicle packs a punch with 1,548 horsepower (1,138 kilowatts) […]
Tariffs may impact auto insurance costs.
Driving is about to cost a bit more. Anticipated customs duties may drive up car insurance rates by nearly 10% later this year. This change stems from a 25% tariff on imported vehicles and their components. As the costs for these parts rise or take longer to arrive, the expense of repairing vehicles will also […]
Used car prices reach their highest point since 2023 as auto tariffs impact buyers.
General Motors CEO Mary Barra shared her thoughts on future car prices and the company’s alignment with the Trump administration during a series of discussions on “Morning with Maria.” Buyers looking for used cars will notice that prices have risen as the market adjusts to the 25% tariffs on car imports set by President Donald […]
11 Miami sports features we wish to see in ‘Grand Theft Auto VI’
There’s a new trailer for Grand Theft Auto VI that has us all buzzing here at the office. It marks the franchise’s return to Vice City after 23 years, but this time, it’s quite different from the last visit. The ’80s vibe is gone, replaced by a take on a modern-day Bonnie and Clyde narrative […]
‘Grand Theft Auto VI’ launch pushed back to 2026, Take-Two stock drops
On Friday, Take-Two Interactive announced that “Grand Theft Auto VI” will now be released on May 26, 2026, which means fans will have to wait longer for this highly anticipated title. In response, stocks dropped by 8%. Originally, the game from Rockstar Games was set to launch in the fall of 2025. The “Grand Theft […]