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......»»
Cars Commerce Q2 net income drops 88% after accounting adjustment
Cars Commerce lowered its guidance in part because of the impact from the CDK Global cyberattacks in June......»»
Chemists develop new sustainable reaction for creating unique molecular building blocks
Polymers can be thought of like trains: Just as a train is composed of multiple cars, polymers are made up of multiple monomers, and the couplings between the train cars are similar to the chemical bonds that link monomers together. While polymers ha.....»»
Rivian won’t add CarPlay to its cars. It doesn’t need to
Carmakers are struggling to build great software, but some new startups are head and shoulders above the competition -- like Rivian......»»
Audi will drop four-ring logo on new China EVs, report says
Electric cars co-developed by Audi and SAIC might have a new logo or just use the Audi name......»»
Lucid to report Q2 earnings amid worries over cash burn, hopes for Gravity crossover
The EV startup, which launched the Air sedan in 2021, delivered a record 2,394 electric cars in the second quarter. But it also boosted sales incentives to $16,537 per car, Motor Intelligence said......»»
First 3D visualization of an aluminum nanocomposite for the auto industry
Manufacturing cars with strong, lightweight aluminum alloys rather than steel could improve fuel efficiency and extend electric vehicle range, but the material's instability at high temperatures has held the alloys back from widespread adoption......»»
The 10 things car buyers say they want in their next car
The data explains why we keep seeing certain features on many new cars. Enlarge (credit: Getty Images) A wireless charging pad is now the most-desired in-car feature among people intending to buy a new vehicle. Being abl.....»»
Hybrids, currency windfalls help Toyota extend record profit momentum
Gasoline-electric hybrid cars helped bolster Toyota earnings in the latest quarter because hybrids typically have bigger margins and sell for higher prices......»»
Federal Reserve leaves interest rates unchanged again
The Federal Reserve opted against changing its benchmark rate during its July meeting, attempting to restrict future inflation for consumers but leaving them receiving higher interest rates than they might like on financed purchases like vehicles......»»
Tesla software update fixes hood safety issue on 1.8M cars
Tesla has issued a software update for 1.85 million of its vehicles in the U.S. to fix a safety issue involving the hood......»»
Tesla recalls 1.8 million cars because their hoods can open while driving
The problem seems more prevalent in China than elsewhere, "for reasons unknown." Enlarge (credit: Patrick T. Fallon/Bloomberg via Getty Images) The electric car manufacturer Tesla had to issue a massive recall this mont.....»»
Apple patents way to replace car mirrors with cameras, with windshield projection
The Apple Car project may be dead, but there’s still a chance we’ll see some Apple tech in cars made by other companies – and a patent application for a way to replace car mirrors with cameras could be an interesting candidate. Such systems.....»»
How to stop Musk"s Grok AI from training on anything you"ve ever said or done on X
Twitter/X has automatically opted you in to training Elon Musk's Grok AI on everything you've ever posted on the service. Here's where they have stashed the hidden setting, and how to turn it off.Find the right setting and you can say now to X's Grok.....»»
Thousands evacuated as record rains pound northern Japan
Record heavy rain forced the evacuation of thousands of people across parts of northern Japan as rivers burst their banks washing away bridges and cars, officials and media reports said Friday......»»
Hydrogen Toyotas at Olympics irk scientists
A group of 120 scientists, engineers and academics said Toyota should have supplied battery-electric vehicles to the Paris Olympics instead of cars powered by hydrogen......»»
Chevy unleashes first turbocharged V-8 Corvette, the ZR1 with 1,064 hp
Chevy said the most powerful production Corvette can take on the Porsche 911 and other six-figure halo cars from import brands. Production of the ZR1 begins next year in Bowling Green, Ky......»»
FTC CARS Rule could put auto lenders at risk
The Federal Trade Commission's CARS Rule poised to take effect upon car dealerships might have created risk for auto lenders, too, under the federal Holder Rule, experts say......»»
Dealers should adopt some practices now ahead of CARS Rule decision, experts say
The Federal Trade Commission's CARS Rule is on hold pending a legal challenge in the U.S. 5th Circuit Court of Appeals by the National Automobile Dealers Association and Texas Automobile Dealers Association, but dealerships might still wish to take s.....»»
New car smell reaches toxic levels on hot days, researchers find
A study of volatile organic compounds (VOCs) emitted by new cars on hot summer days finds concerning levels of formaldehyde and other aldehydes......»»
Porsche waters down EV ambitions, says transition will take "years"
German automaker is latest to warn that goals set in recent years for future EV sales were too ambitious as customers remain reticent to make the switch away from gasoline-powered cars......»»