automotive

Auto Loans Go Green to Boost Electric Vehicle Adoption
Auto Loans Go Green to Boost Electric Vehicle Adoption
March 01, 2024  |  Loans

Following a record-breaking 2022, marked by the sale of over 10 million electric cars worldwide, the electric vehicle market has hit a speed bump in the United States,...

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Volkswagen Expects Slower Growth Amid Macroeconomic Challenges
Volkswagen Expects Slower Growth Amid Macroeconomic Challenges
March 01, 2024  |  Earnings

Volkswagen Group expects its sales revenue growth to slow in 2024. The automaker said in a Friday (March 1) press release that it expects sales...

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Carvana Revises Lending Rules Amid Industry-Wide Rise in Delinquencies
Carvana Revises Lending Rules Amid Industry-Wide Rise in Delinquencies
March 01, 2024  |  Loans

Online car retailer Carvana is tightening its lending standards in response to higher delinquency rates. The company is requiring higher down payments from customers and...

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Bosch and Microsoft Partner on AI-Powered Automated Driving Functions
Bosch and Microsoft Partner on AI-Powered Automated Driving Functions
February 28, 2024  |  Partnerships

Bosch and Microsoft teamed up to use generative artificial intelligence to make road traffic safer for all users. The two companies are working to push...

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Online Car Platforms Bet on Digital Transformation to Drive Sales Growth
Online Car Platforms Bet on Digital Transformation to Drive Sales Growth
February 28, 2024  |  eCommerce

For online car platforms, the road to profitability has been volatile and oftentimes elusive. “Inventory’s been lumpy, aging and — in the age of (still)...

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Earnings Season Shows Electric Vehicles’ Road to Ubiquity Has Curves and Bumps Ahead
Earnings Season Shows Electric Vehicles’ Road to Ubiquity Has Curves and Bumps Ahead
February 27, 2024  |  Technology

Earnings season’s puts and takes in the electric vehicle industry show just how long and winding the road will be to ubiquity. There will be...

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Australian Trial Tests Wireless Charging of Electric Trucks
Australian Trial Tests Wireless Charging of Electric Trucks
February 26, 2024  |  Technology

A new trial in Australia is set to test roads that wirelessly charge electric trucks as they drive, potentially revolutionizing the trucking industry. The $8.2...

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Report: UK Car Loan Probe Could Hurt Banks
Report: UK Car Loan Probe Could Hurt Banks
February 25, 2024  |  Consumer Finance

England’s financial watchdog is taking a long look at the way lenders financed car loans. And that investigation could have broader implications for the country’s...

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Report: Uber Considers Investment in African Vehicle Financing Startup Moove
Report: Uber Considers Investment in African Vehicle Financing Startup Moove
February 23, 2024  |  Investments

Uber is reportedly considering joining other investors in a funding round for Moove, an African vehicle financing startup. The funding round could total between $75...

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