Tag Archives: says

The idea of self-driving cars being used for crime has been suggested, but a car-hacking expert told us success for autonomous drug mules or other criminal endeavors is not that likely. The systems will surely be exploited at some point, experts told Car and Driver, but likely not for high-level …

General Motors Co 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 on Friday, citing people familiar with the matter. The automaker’s finance arm, General Motors Financial Company Inc, has been talking …

Auto loan debt edged up in the third quarter, driven by record-high loan originations, according to the Federal Reserve Bank of New York’s quarterly report on household debt. Total household debt grew $ 87 billion in the third quarter to $ 14.35 trillion, the highest figure recorded for household debt …

When it comes to helping you drive, one system guides better than all the rest and it is Cadillac’s Super Cruise, Consumer Reports announced on Wednesday. The non-profit consumer advocacy group tested 17 advanced driver assistance systems (ADAS) to determine which ones best helped the driver on long highway road …

The Consumer Financial Protection Bureau received more complaints about auto loans in the first five months of the pandemic than in any other five-month period since the bureau began tracking the data in its current form starting in April 2017, according to a new report by the U.S. Public Interest …

Synthetic identity theft, where scam artists cobble together an identity by blending real and fake information to obtain vehicles, has slowed somewhat during the coronavirus pandemic, credit bureau TransUnion says. Forbearance programs may be the main reason for the decline in synthetic identities being used in auto loan applications. The …

Consumer accounts in forbearance declined across credit products for the first time during the monthslong coronavirus pandemic, credit bureau TransUnion said last week, an indication auto borrowers rolling out of financial hardship are landing on their feet. Government stimulus programs and lender accommodation programs are largely responsible for the market’s …

Automotive loans in forbearance stayed relatively steady in June compared with record-setting growth in April and May, credit bureau TransUnion said last week. Flattening forbearance figures could be a subtle sign of improvement, but it likely represents a shuffling of impacted consumers. Auto accounts in financial hardship — defined by …

Michael SimariCar and Driver A German court ruled that Tesla cannot use phrases including “full potential for autonomous driving” and “Autopilot inclusive” in its ads or on its website to describe its driver assist system. The court ruled that such phrases could mislead consumers into believing that the cars can …