Lender Westlake is using AI to make more auto loans
Westlake Financial is working with Pagaya Technologies Ltd. to make auto loans using artificial intelligence, targeting a void left by some lenders that have been pulling back from the business......»»
VinFast founder commits $1 billion as EV maker bleeds cash
Vietnamese billionaire Pham Nhat Vuong pledged to invest at least another $1 billion of his personal wealth into VinFast Auto Ltd., providing the capital needed for expansion of the struggling electric vehicle maker......»»
GM"s Marissa West looks to connect with retailers as she oversees North American operations
While growing up, General Motors' first female North American president would collect brochures at the Detroit auto show and pretend to run her own dealership......»»
Nissan EVs go bold with diagonal front lighting at Beijing auto show
Nissan has shown a creative and bold front lighting design in a clutch of electrified concept vehicles that were unveiled at the Beijing auto show, which point toward a future design language......»»
Startup financing gender gaps greater in societies where women are more empowered: Study
Commercial bankers provide capital to fund the operations and growth of businesses. However, as these lenders evaluate entrepreneurs who apply for loans, gender bias leads to women being denied more often than their male counterparts......»»
VW to launch youth-focused EV brand for China
The ID.UX subbrand is the automaker's bid to recapture market share lost to local rivals such as BYD. VW also showed the ID Code crossover concept ahead of the Beijing auto show......»»
GM Financial Q1 net income slips 8%
The captive said lease originations rose, while retail loans fell......»»
EV demand is up as Beijing auto show prepares to kick off
Chinese auto brands look to make hay while the sun shines......»»
Why are groups of university students modifying Cadillac Lyriq EVs?
The competition provides a steady stream of experienced graduates to the auto industry. Enlarge / For the previous EcoCar 3 competition, student teams turned Camaro sportscars into hybrids. For the EcoCar EV challenge, their job.....»»
EV demand in China is up as Beijing auto show prepares to kick off
Chinese auto brands look to make hay while the sun shines......»»
Gregg Orr Auto to pay $325,000 to settle allegations it fired employee with cancer
Gregg Orr Auto Collection agreed to settle a lawsuit in which the U.S. Equal Employment Opportunity Commission alleged an older employee with cancer was fired because of his high medical bills......»»
Ally net income plunges 51% in Q1, auto applications set record
Ally's auto business saw a record 3.8 million applications from consumers during the first quarter with 40% of new loan originations in the top credit tier......»»
Level 3 automated driving brings potential benefits, safety concerns
With Level 3 automated technology reaching public roads, auto and safety experts weighed the benefits and ‘persistent challenges' of such systems Tuesday at the SAE WCX conference in Detroit......»»
Stellantis avoids plant shutdowns by paying auto supplier "under hostage threat"
The automaker paid MacLean-Fogg Component Solutions of Illinois to keep pinions and gears flowing to a pair of plants in Kokomo, Ind......»»
Industry can benefit when AI melds with physical world, researcher says
The auto industry can position itself to benefit from the next wave of artificial intelligence advances, said Avinash Balachandran, a senior director at the Toyota Research Institute......»»
Ill. appeals court blocks floorplan collection amid fraud allegations
A floorplan lender remains blocked from attempting to collect about $2.8 million from an Illinois dealership and its owners in a dispute involving allegations the bank participated in a fraud scheme by store employees behind the dealers' backs......»»
This touchscreen car display is now just $75
Through the end of the day April 14, get this 6.8" Foldable Touchscreen Car Display with Apple CarPlay and Android Auto Support for just $74.97 (reg. $159). TL;DR: Through April 14, upgrade your driving experience with this 6.8-inch foldable to.....»»
Toyota"s building boom: Lexus R&D center, test tracks, a basketball arena and a headquarters tower
Toyota is undergoing a building boom in Japan, investing billions in new facilities that will arm the world's biggest auto manufacturer with new technologies and better facilities to compete in the age of electrification, software defined vehicles an.....»»
Column: When counting auto sales becomes almost as hard as autonomy
Mercedes-Benz USA is the latest automaker to buck traditional sales reporting, making the nation's retail market even more opaque......»»
Chevrolet, Toyota, Infiniti, Nissan and Hyundai dealerships change hands
Two transactions involved auto retailers ranked on Automotive News' list of the top 150 dealership groups based in the U.S......»»
U.S. issues over $580 million in advance EV tax rebates to auto dealers since Jan. 1
The U.S. government has reimbursed auto dealers for more than $580 million in advance point-of-sale consumer electric vehicle tax credit payments since Jan. 1, the Treasury said on Friday. Â .....»»