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Automotive News

45% of used-vehicle loan terms ‘frighteningly’ long at 84 months, up from 25% in 2021

With high vehicle values ​​and high interest rates compromising affordability, buyers — particularly entry-level ones — have been forced to extend borrowing time frames, Ross said. “Consumers are looking to stay in a consistent monthly payment range to what they… Continue Reading…

Automotive News

Lloyd Reuss obituary: Former GM president championed engineering

DETROIT — Lloyd Reuss, a mechanical engineer who rose to become General Motors president in the early 1990s, died on Friday. He was 86. Reuss, a classic company man with sharp political instincts and a passion for performance, was the… Continue Reading…

Automotive News

Ed Morse Automotive Group Hits #52 on Automotive News’ Annual List of Top US Dealerships; Moved Up Eight Spots

DELRAY BEACH, Fla., April 5, 2023 /PRNewswire/ — Automotive News just announced its annual ranking of the top 150 auto dealership group based in the US, and Ed Morse Automotive Group was listed at #52, moving up eight spots from… Continue Reading…

Automotive News

Auto suppliers scramble to develop alcohol detection technology

Asahi Kasei will ultimately not serve as the Tier 1 supplier of the technology to automakers, but it will likely get it into passenger vehicles through other in-cabin components, Franchy said. The burgeoning new business opportunity reflects what has been… Continue Reading…

Automotive News

Watching how industries react to innovation efforts

These are interesting times for retail technology in the auto industry, and I get to have a ringside seat. As the new retail technology reporter for Automotive NewsI’m looking for stories that can explain to readers the increasingly dramatic and… Continue Reading…

Automotive News

Nissan preps Canton, Miss., plant to build EVs

Pivoting the factory to battery vehicles is a complex endeavor. Nissan must expand the facility’s physical footprint to accommodate the assembly of battery packs and other components. “We will drive for more localization to reduce CO2 emissions in the supply… Continue Reading…

Automotive News

Lithium iron phosphate curbs the battery gap with nickel, cobalt

Battery expert Lukasz Bednarski, author of the 2021 book “Lithium: The Global Race for Battery Dominance and the New Energy Revolution,” believes automakers’ interest in building lower-priced EVs could be one of the drivers behind LFP’s rising popularity. “LFP provides… Continue Reading…

Automotive News

Insurers sue Hyundai and Kia over costs of easily hot-wired vehicles

The widespread theft of vulnerable older Hyundai and Kia models not equipped with a crucial anti-theft device could end up costing the US insurance industry up to $600 million. Liberty Mutual, Nationwide, American Family and 65 other auto insurers, which… Continue Reading…