The 2022 Nissan Ariya is a new electric crossover model similar in size to the Rogue. It promises up to 300 miles of range and a starting price of $ 40,000. Nissan says it will go on sale in the U.S. in late 2021. Last year, Nissan showed the Ariya …
Read More »Used-car values could pose challenges for U.S. captive lenders
The coronavirus pandemic is far from over. And as some elements of the federal stimulus program — such as additional unemployment funds and financial hardship protections — that have helped keep the U.S. economy afloat come to a close, captive automotive lenders can expect more challenges ahead. One potential area …
Read More »Santander agrees to $550M U.S. settlement over subprime auto loans
WASHINGTON — Santander Consumer USA Holdings Inc. said on Tuesday it had agreed to make changes to its underwriting practices as part of a $ 550 million settlement with 33 states and the District of Columbia over subprime auto loans. The states said Santander violated consumer protection laws by placing …
Read More »New Mk 8 VW Golf GTI Will Be 2022 Model in U.S., Mk 7 Carries Over for 2021
The new version of the Volkswagen Golf GTI will arrive in the U.S. in late 2021. Called the Mk 8, the eighth-generation of the hot hatch will be a 2022 model on our shores. The current Mk 7 GTI will carry over for the 2021 model year in the U.S. …
Read More »GM, U.S. Attorney Say Automaker Not Being Targeted in UAW Probe
JEFF KOWALSKYGetty Images General Motors, defending itself against a report that claimed federal investigators were looking at the company’s involvement with the United Auto Workers in a corruption probe, said the U.S. attorney’s office in Detroit has confirmed it is “not a target.” A spokesperson for the U.S. attorney’s office …
Read More »U.S. consumers willing to pay auto bills in quarantine, TransUnion finds
Consumers are continuing to prioritize auto expenses ahead of other payments, a credit bureau study finds, despite record job losses and shelter-in-place orders preventing many consumers from driving beyond trips to the grocery store or to seek medical care. Those financially affected by COVID-19 closures were about twice as likely …
Read More »Details of Ford, GM, Honda, Nissan U.S. Plant Shutdowns amid COVID-19 Pandemic
It’s official: Ford and General Motors will suspend production at North American plants for two weeks. Honda and Toyota also announced today that they will also temporarily halt U.S. production. According to Automotive News, Fiat Chrysler reportedly will begin a rolling shutdown of plants between today and the end of …
Read More »Coronavirus Unlikely to Affect Car Supply for Buyers in U.S., for Now
As dangerous as the virus is, there’s little chance the U.S. vehicle supply will be affected in the near term. It’s a massively different story in China, with plant shutdowns happening there and now spreading to South Korea and Europe. This could all change, depending on how soon the virus …
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