I Love Images | Cultura | Getty Images Rising interest rates are pushing auto loan rates upwards for both new and used cars across the U.S. The average annual percentage rate for new cars rose 7.1%, in the second quarter of the year, according to car website Edmunds, while that for used cars ticked up… Continue reading Here’s what to do if you could only afford a used vehicle and are saddled with high interest rates
Tag: People
The evolution of the Volkswagen bus — from Type 2 to the electric ID Buzz
Volkswagen Type 2 bus lined up next to the ID. Buzz CNBC | Sydney Boyo | Andrew Evers The “bus,” as many fans know it, is deeply ingrained in American culture and evolved into a symbol of protest starting in the 1960s. “There was an unpopular war. There were conflicting ideas of what the American… Continue reading The evolution of the Volkswagen bus — from Type 2 to the electric ID Buzz
China’s EV slowdown drags down Nvidia’s ‘next billion-dollar business’
Nvidia automotive segment primarily sells chip systems for assisted driving. CEO Jensen Huang has touted it as the company’s “next billion-dollar business.” Alex Wong | Getty Images News | Getty Images BEIJING — U.S. chipmaker Nvidia this week soundly beat analysts’ expectations for major revenue lines — except in automotive — as Chinese demand for… Continue reading China’s EV slowdown drags down Nvidia’s ‘next billion-dollar business’
UAW members authorize strikes against Detroit Three automakers
United Auto Workers members at the Detroit Three automakers authorized the union to call a strike against the companies when their contracts expire on Sept. 14 with “near universal approval,” the union said Friday. The UAW reported that final votes are still being tabulated, but that the combined average across Stellantis NV, General Motors Co.… Continue reading UAW members authorize strikes against Detroit Three automakers
UAW, Ultium Cells agree on wage increases at Ohio battery plant
Ultium Cells LLC and the United Auto Workers have reached a tentative agreement to give raises of more than 20% to workers at Ultium’s battery plant Warren, Ohio, according to a company statement. The agreement, which will have to be ratified by the UAW members at Ultium, would become effective Aug. 28. It comes as… Continue reading UAW, Ultium Cells agree on wage increases at Ohio battery plant
Hedin Automotive completes acquisition of Stephen James
Hedin Automotive said today it had completed the acquisition of Stephen James Alliance that was first announced in July. The transaction comprises all operations of the BMW and MINI retailer Stephen James Group, which employs circa 400 people. Following the acquisition, Hedin Mobility Group now represents BMW, MINI, Mercedes-Benz and smart in the UK with… Continue reading Hedin Automotive completes acquisition of Stephen James
Hospitality Industry Analysis 2023-2032: Market Size, Growth Rate, and Prominent Regions, By The Global Market Model From TBRC
LONDON, Aug. 23, 2023 /PRNewswire/ — A Comprehensive Global Hospitality Industry Overview: Major Leaders, Market Size, Growth Trends, Regional Analysis, and Forecast Hospitality Industry Demand According to the most recent hospitality industry 2023 analysis from the Global Market Model, the worldwide hospitality sector attained an astonishing valuation of $4,367.2 billion in the year 2022, constituting… Continue reading Hospitality Industry Analysis 2023-2032: Market Size, Growth Rate, and Prominent Regions, By The Global Market Model From TBRC
German FAZ: German workmanship against Italian elegance006805
Goldtsück: The Porsche 911 Carrera 3.2, built in 1986 Image: Porsche What does someone who has never owned a car do at a classic car rally? Mental arithmetic, not least about your own CO₂ emissions. And discover that happiness can also be found under an old bonnet. It happened at kilometer 48, just before Püscheldorf,… Continue reading German FAZ: German workmanship against Italian elegance006805
German FAZ: The great unknown 006806
The young line of electric driving: Concept study BYD Seed. Wolfgang Egger is responsible for the design. Image: manufacturer The Chinese manufacturer BYD, which is still largely unknown among European car drivers, has a lot of potential for the local market. And appetite too. Wang Chuanfu is a man they rarely see, even here at… Continue reading German FAZ: The great unknown 006806
German FAZ: climate fight in the Autostadt006804
A banner made of dirty fabric dangles from the first-floor window, bearing a blue VW logo surrounded by the words “Verkehrswende”. Inside, in the terraced house east of downtown Wolfsburg, activists are meeting who want to force Europe’s largest car company, Volkswagen, to completely reorganize its business. “Actually, the car industry only has to do… Continue reading German FAZ: climate fight in the Autostadt006804