Marc UrbanoCar and Driver The average price per kilowatt-hour for batteries is expected to hit $ 101 in 2023, according to a report by BloombergNEF. That would make it possible for EVs to be priced the same as comparable gasoline-powered vehicles and likely increase their adoption. The report also notes …
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General Motors is planning to apply for a banking charter that would allow its lending unit to hold deposits and expand its auto finance business, The Wall Street Journal reported last week, citing people familiar with the matter. The automaker’s finance arm, GM Financial, has been talking to federal and …
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The U.S. Supreme Court is in session, and the lawyers at Hudson Cook are keeping an eye on a few upcoming legal cases that could cause ripples in the auto finance and retail sectors. Here are three cases before the court they feel could have far-reaching implications: Facebook Inc. v. …
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Big manufacturers have leaned hard into the crate-engine game. Chevrolet sells nearly 80 different stand-alone motors, while Dodge just added a fifth V-8—a supercharged Hemi—to its crate engine lineup. Ford currently has a healthy selection of crate motors available through its Performance Parts division. According to this latest report, that …
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The Subaru Crosstrek is a bit like the person in the grocery store checkout line who is seemingly dressed for a hike. You’ve seen them: dark socks with Merrell boots, a spaced-out mien, daydreaming about artisanal hammocks while taking occasional sips out of a plastic Nalgene bottle covered in stickers. …
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Two of the three major auto lenders posted significant increases in auto loan originations in the third quarter and cited improved customer demand and credit metrics in their results. But all three lenders signaled concern that without further government stimulus, consumer auto loan performance could suffer. Auto loan originations surged …
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A company called Emergency Safety Solutions (ESS) thinks yellow flashers that blink more like emergency vehicles could save a lot of lives around the world. The company is promoting the technology along with Chris Smith, an NFL player whose fiancée was killed not by the initial incident the two were …
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Compliance experts believe the Federal Trade Commission’s handling of a New York dealership case, in which the store agreed to pay $ 1.5 million for a slew of illegal and unethical practices in the finance and insurance office, may have far-reaching implications. Federal regulators in particular cited dealership-arranged financing, also …
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The redesigned 2021 Ford-F150 gets a host of upgrades but only a $ 195 bump in base price over the outgoing pickup truck. Starting at $ 30,635 including destination, the best-selling vehicle in America comes in XL, XLT, Lariat, King Ranch, Platinum, and Limited trims, with three cab styles, three …
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