Lenders must apply F&I refunds after vehicles repossessed or totaled, N.Y. says
The New York State Department of Financial Services reminded auto lenders to give consumers refunds on car protection products if their vehicles are repossessed or deemed a total loss. The CFPB also has frowned on financial institutions failing to re.....»»
ITSM concerns when integrating new AI services
Let’s talk about a couple of recent horror stories. Late last year, a Chevrolet dealership deployed a chatbot powered by a large language model (LLM) on their homepage. This LLM, trained with detailed specifications of Chevrolet vehicles, was inten.....»»
EV delays, changing plans dim suppliers" financial outlooks
Suppliers said automakers' rapidly shifting electrification plans will weigh on their future earnings as they make fewer parts for electric vehicles than they were banking on......»»
U.S. expected to propose barring Chinese software in autonomous vehicles
The Biden administration plans to issue a proposed rule that would bar Chinese software in vehicles in the United States with Level 3 automation and above......»»
Intel"s grim forecast could concern automakers in wake of microchip crisis
Intel is a major supplier of semiconductors to the automotive industry, having supplied chips installed in more than 50 million vehicles. Intel says 18 automakers have vehicles with Intel chips on the road for use in their EVs and software......»»
NASA’s Lunar Gateway has a big visiting vehicles problem
"These defects could lead the flight computers to unexpectedly restart." Enlarge / A rendering of NASA's proposed lunar gateway. (credit: NASA) Do you remember the Lunar Gateway? You could be forgiven if not, as the prog.....»»
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......»»
Carvana Q2 net income swings to $48 million; revenue up 15%
The online used-vehicle retailer said it sold 101,440 used vehicles in the second quarter, up 33 percent from the year-earlier period......»»
Hyundai recalls about 50,000 vehicles over electrical wiring faults linked to airbag failures
Hyundai is recalling its 2024 Santa Fe gasoline and hybrid models in Canada and the U.S. because of electrical wiring faults that could cause airbags to deploy incorrectly or not at all, increasing the risk of injury in a crash......»»
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......»»
Mike Brennan is new Gulf States Toyota COO
Brennan spent more than a decade distributing Toyota vehicles throughout states in the southeast......»»
Stellantis sues dealership to avoid spending $180 million to buy back fleet vehicles
Stellantis has taken a North Carolina dealership to court to avoid having to repurchase several thousand unsold fleet vehicles at a cost of about $180 million......»»
Tesla recalls 1.85 million vehicles over hood latching issue
Tesla has issued a recall for over 1.85 million vehicles after investigating reports about the hood opening unexpectedly. Tesla discovered that deformed latch switches could … The post Tesla recalls 1.85 million vehicles over hood latching issu.....»»
Tesla to recall more than 1.8 million U.S. vehicles over hood problems
An unlatched hood could fully open and obstruct the driver's view, raising the risk of a crash. Tesla released an over-the-air software update to fix the issue......»»
Bike lanes and narrowed streets don’t slow emergency vehicles
People love to complain about traffic calming, but it makes roads safer. Enlarge / Converting this street from two lanes in either direction to one lane in each direction with a turning lane in-between would make it much safer. (.....»»
Column: Market for decade-old vehicles is getting wild in its own right
A study by iseecars.com found rapid price increases, growing market share for 10-plus-year old vehicles, which lead lenders to reconsider underwriting rules......»»
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......»»
Battling the red palm weevil: Investigating the devastation on date palm plantations of the Middle East
The red palm weevil can devastate the valuable date palm plantations of the Middle East. Yet, date producers are still hesitant to apply new technologies that can control this invasive pest. A recent ICARDA study reveals factors that hinder pest cont.....»»
Traditional automakers" EVs surpass Teslas in J.D. Power satisfaction study
Overall consumer satisfaction with vehicles is rising, especially on fuel economy, but infotainment systems continue to fall short......»»
Prestone scientists working to develop low-conductivity coolant to boost EV efficiency
Low-conductivity coolant in EVs and fuel cell vehicles can increase charging and driving efficiency and reduce fire risk. Prestone, one of the industry's largest suppliers of factory fill coolant, is developing new coolants specifically for EVs......»»
Stellantis CEO Tavares: U.S. plants building too many vehicles that need rework
Shipments of the Ram 1500 and other vehicles have been slowed by problems that need to be repaired after they come off the assembly line......»»