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Experian: 62% of borrowers opted for used cars in Q2

Experian said second-quarter used-car loans saw record amounts financed, record monthly payments and record loan terms, but used-vehicle interest rates hardly budged from a year earlier......»»

Category: topSource:  autonewsAug 25th, 2022

Tesla must face fraud suit for claiming its cars could fully drive themselves

Lawsuit targets 2016 claim that all Tesla cars "have full self-driving hardware." Enlarge (credit: Getty Images | SOPA Images) A federal judge ruled yesterday that Tesla must face a lawsuit alleging that it committed fra.....»»

Category: topSource:  arstechnicaRelated NewsMay 16th, 2024

Tesla must face claims it misled buyers about Autopilot and self-driving

Tesla Inc. must face a proposed class-action lawsuit alleging that it misled consumers about its cars’ self-driving capabilities, a fresh setback for the electric-car maker just as Chief Executive Officer Elon Musk has staked the company’s future.....»»

Category: topSource:  autonewsRelated NewsMay 16th, 2024

Connected cars’ illegal data collection and use now on FTC’s “radar”

The regulator is warning OEMs to respect data privacy or it will get mad. Enlarge (credit: Getty Images) The Federal Trade Commission's Office of Technology has issued a warning to automakers that sell connected cars. Co.....»»

Category: topSource:  arstechnicaRelated NewsMay 15th, 2024

Feds probe Waymo driverless cars hitting parked cars, drifting into traffic

Auto-safety regulator is investigating 22 reports of Waymo cars malfunctioning. Enlarge / A Waymo self-driving car in downtown San Francisco on Bush and Sansome Streets as it drives and transports passengers. (credit: JasonDoiy |.....»»

Category: topSource:  arstechnicaRelated NewsMay 14th, 2024

BMW names a new CEO for Mini

BMW veteran executive Stefan Richmann succeeds Stephanie Wurst who led Mini for the past two years as it expanded its electric lineup with cars such as the Aceman small crossover......»»

Category: topSource:  autonewsRelated NewsMay 14th, 2024

BMW names a new CEO for Mini brand

BMW veteran executive Stefan Richmann succeeds Stephanie Wurst who led Mini for the past two years as it expanded its electric lineup with cars such as the Aceman small crossover......»»

Category: topSource:  autonewsRelated NewsMay 14th, 2024

Carvana says price gap between used EVs and ICE cars narrows

Online auto retailer Carvana says its average used-EV sale price fell to $31,000 in the first quarter......»»

Category: topSource:  autonewsRelated NewsMay 10th, 2024

Ford rethinks 2030 goal to go all-electric in Europe

Ford could continue to sell combustion engine cars in Europe after 2030. Originally the automaker planned to sell only battery-electric cars in the region by the end of the decade......»»

Category: topSource:  autonewsRelated NewsMay 9th, 2024

Accounting change drives down Cars Commerce Q1 net income

Cars Commerce's 2023 acquisition of D2C Media helped promote revenue gains, and price increases helped boost average revenue per dealer......»»

Category: topSource:  autonewsRelated NewsMay 9th, 2024

Bike brands start to adopt C-V2X to warn cyclists about cars

More automakers will need to adopt C-V2X to see a real benefit, though. Enlarge / A C-V2X bicycle can alert a C-V2X-enabled car to its presence—note the large yellow icon on the screenshot of the Audi's digital instrument displ.....»»

Category: topSource:  arstechnicaRelated NewsMay 8th, 2024

Penske plans paint factory for special edition Ford Mustangs, Broncos

In addition to low-volume paint operations, the space may also be used for customizing show cars, modifying EV products, addressing quality holds, vehicle retrofit and prototype assembly......»»

Category: topSource:  autonewsRelated NewsMay 7th, 2024

Little-known self-driving startup raises $1 billion from Nvidia, Microsoft, SoftBank

Wayve is a UK startup with an AI-focused approach to solving autonomy for cars. It's akin to a vehicular version of ChatGPT......»»

Category: topSource:  autonewsRelated NewsMay 6th, 2024

Here are all the F1 cars designed by the legendary Adrian Newey

No other F1 designer has penned more championship winning cars than Adrian Newey. Enlarge / When you're a legendary F1 designer like Adrian Newey, it's easy to persuade the team to let you have a go in one of your own creations......»»

Category: topSource:  marketingvoxRelated NewsMay 5th, 2024

Chemists develop highly reflective black paint to make objects more visible to autonomous cars

Driving at night might be a scary challenge for a new driver, but with hours of practice it soon becomes second nature. For self-driving cars, however, practice may not be enough because the lidar sensors that often act as these vehicles' "eyes" have.....»»

Category: topSource:  physorgRelated NewsMay 2nd, 2024

How to use Siri in CarPlay with or without your voice

Being able to make a request using Siri while driving helps keep your eyes on the road, but just asking for Siri may not work on older cars or in certain other circumstances. Here's the fix.For most people using CarPlay, being able to call the vocal.....»»

Category: appleSource:  appleinsiderRelated NewsMay 2nd, 2024

Xiaomi has Already Sold more than 7,000 Cars

The sales figures were publicly announced by company CEO Lei Jun. The post Xiaomi has Already Sold more than 7,000 Cars appeared first on Phandroid. After a recent announcement regarding its projected EV sales numbers for 2024, Chinese man.....»»

Category: asiaSource:  phandroidRelated NewsMay 1st, 2024

VW Group"s Q1 profit drops 20% on lower volumes, higher costs

The automaker's Porsche brand reported a 14.8 percent operating margin decline on higher model revamp investments and lower demand for premium cars in China......»»

Category: topSource:  autonewsRelated NewsApr 30th, 2024

Too many vehicles, slow reactions and reckless merging: New math model explains how traffic and bacteria move

What do the flow of cars on a highway and the movement of bacteria towards a food source have in common? In both cases, annoying traffic jams can form. Especially for cars, we might want to understand how to avoid them, but perhaps we've never though.....»»

Category: topSource:  pcmagRelated NewsApr 30th, 2024

U.S. imposes emergency-braking rule in 2029 for cars to cut roadway deaths, injuries

U.S. authorities have issued a new mandate that will require carmakers to install automatic emergency braking systems on new vehicles beginning in 2029. Regulators expect the rule to save 360 lives a year......»»

Category: topSource:  autonewsRelated NewsApr 30th, 2024

PACE Awards go to innovations from Dana, Valeo, Yazaki and 10 others

2024 Automotive News PACE Award winners ranged from an advancement in lidar technology to a potentially better way to paint cars in the factory......»»

Category: topSource:  autonewsRelated NewsApr 30th, 2024