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......»»
SwitchBot releases Matter-enabled evaporative humidifier
SwitchBot has officially launched its latest Matter-enabled smart home product, the SwitchBot Evaporative Humidifier (Auto-refill). This new device aims to simplify home humidification by combining advanced technology with cold evaporation, offering.....»»
UAW makes gains at auto suppliers — but it could come at a cost
The 2023 negotiations between the international UAW and Detroit 3 inspired local union leaders to take more of a hardline approach when bargaining with companies in the supply chain......»»
JP Clausen brings auto, tech experience to GM manufacturing
JP Clausen, who previously worked for Tesla, Google and Lego, joined GM in April to succeed the retiring Gerald Johnson executive vice president of global manufacturing and sustainability......»»
AI can mitigate bias against women in loan decisions and boost lenders" profits and reputations
Recent research from the University of Bath shows discrimination against women worsens if Artificial Intelligence (AI) is used by lenders for loans, but that ethical lenders could choose to tweak the AI algorithms to address this bias and still impro.....»»
GTA 5 for PS5 is just $20 at Target today
Grand Theft Auto V has been out for a minute, but now you can own the 2022 PS5 edition for only $20 when you purchase at Target!.....»»
Carvana developing ADESA Kansas City into joint vehicle auction and inspection ‘megasite"
ADESA Kansas City, in Belton, Mo., is the third ADESA auto auction at which Carvana is adding its own inspection and reconditioning processes......»»
Editorial: When Fed lowers rates, don"t take advantage of customers
The Federal Reserve signaled that the highest interest rates in more than two decades should begin falling soon, providing welcome relief for the auto industry......»»
Vinnie Johnson"s Piston Group wins scathing verdict in longtime minority certification fight
The verdict ends a legal feud that’s been stewing since early 2021. At stake was a lucrative minority certification that helped the auto supplier win business from automakers. The fast-growing supplier has topped $3 billion in revenue and employs 1.....»»
Fintech expert breaks down a disparity in lending to Uber drivers
Traditional prime auto lenders financed far fewer gig drivers than subprime lenders......»»
Westlake Financial launches fleet financing product to power micro leasing at dealerships
The vehicles used in micro lease programs can fall into a gap not covered by traditional floorplan or rental financing......»»
CEOs of Nvidia, suppliers highest-paid leaders in 2023 compensation analysis
The median CEO compensation across auto industry sectors in 2023 declined 2.5 percent year over year to about $11.3 million......»»
Threads testing new option for temporary 24 hour posts
Meta began experimenting with an option for auto-archiving posts back in April, but the feature never came to fruition in that form. However, the company has now confirmed that they’re experimenting with a new ephemeral post format, where users can.....»»
GTA 6: release date window, trailer, news, and more
GTA 6 finally got its first trailer in December 2023. Here's what we know about the next Grand Theft Auto right now based on leaks and rumors from experts......»»
Dealerships kept contracts digital in Q2 despite CDK Global outage, Wolters Kluwer says
Car dealerships sent auto lenders more digital car loan contracts in the second quarter opting against paper documentation, despite the CDK Global outage in June following two cyberattacks......»»
Canadian rail lockout called "highly problematic" for North American auto industry
A weeklong stoppage could cost about $1 billion, according to one forecast. The costs and disruptions for U.S. automakers go up the longer the disruption lasts......»»
U.S. auto safety regulator closes probe into GM"s Cruise robotaxis
NHTSA is closing its into GM's Cruise robotaxis......»»
Pixel 9 phones: The Gemini AI stuff, reviewed
A newcomer dives into AI with the Pixel 9 Pro. Enlarge / I asked Gemini to "reimagine" the background of this Pixel 9 group shot (originally on beige paper) as "science fiction moonscape," and then used "Auto frame" to expand the.....»»
F&I data: Auto loan denial rate rises to 19%
Auto lenders denied nearly 1 in 5 consumers seeking a car loan during the 12 months ending in June, a larger rejection rate than a year earlier, according to the Federal Reserve Bank of New York's survey......»»
Repeal of Inflation Reduction Act"s EV, manufacturing incentives a ‘scary thought," industry executives say
The auto industry is urging lawmakers to preserve the Inflation Reduction Act's EV manufacturing and sales incentives, arguing they're crucial to making the U.S. competitive on the global stage......»»
F&I tip: CarShield case a reminder to make sure customers understand service contracts
There's a lesson for dealerships in the $10 million CarShield settlement with the Federal Trade Commission, says Zeigler Auto Group COO Sam D'Arc: Make sure staff can explain what customers are buying......»»