Rivian gets funding for $1.3 B with Amazon, Ford

Consumer Electronics Show (CES) Just weeks before the Consumer Electronics Show (CES), the electric truck maker, Rivian, has closed an investment round of $1.3 billion with the participation of Amazon, Ford Motor Company, and funds managed by BlackRock. “This investment demonstrates confidence in our team, products, technology, and strategy – we are extremely excited to [...]

By |2020-03-28T19:52:07-07:00December 25th, 2019|Categories: Auto industry news|Tags: |0 Comments

Carlos and Sergio gone, FCA merging with Renault?

If you’re going to be a CEO of a major car manufacturer, you’re going to have an ego and thick skin. Sergio Marchionne, CEO of Fiat Chrysler Auto to his death, was credited with the turnaround of FCA. Marchionne was smart. Other CEOs didn’t like what he had to say, mainly because he was right [...]

The privileged perks of Carlos Ghosn’s family

If you think Felicity Huffman and Lori Loughlin are having a bad month, Carlos Ghosn is telling them to hold his sake. That's right; not only is Ghosn still in Japan, after 108 days in jail, but there are also now allegations that Nissan paid to send Carlos Ghosn's four children to Stanford University in [...]

Cars that are lighter, faster and more fuel-efficient

There are many reasons to make a car lighter including power-to-weight ratio that makes you go faster and have more fun. Another reason would be less costly if you are taking parts out of the vehicle. The number one reason to make cars lighter these days is for fuel-efficiency. Car companies are under siege to [...]

By |2020-06-23T14:39:57-07:00October 25th, 2018|Categories: Auto industry news|Tags: |0 Comments

The U.K.s fastest growing car brands

Using the latest government data on licensed and registered vehicles, regtransfers has worked out which car brands have seen the most growth over the last 20 years. New data released from Regtransfers.co.uk reveals the fastest growing car brands over the past 20 years, uncovering a luxury car boom and how British automaker MG has made [...]

By |2018-09-10T18:08:55-07:00September 10th, 2018|Categories: Automobiles and Energy|Tags: |0 Comments

State of the Automotive Finance Market

* Second quarter 2018 continues a series of record highs for loan balances with credit unions maintaining double-digit growth - New monthly payments hit $525 hitting an all-time high! Record highs are reported by Experian for average used vehicle loan amounts. • Overall delinquency improves driven by reductions in the credit union and finance company [...]

By |2018-09-10T17:22:01-07:00September 10th, 2018|Categories: Auto industry news|Tags: |0 Comments

California legislature to strengthen car dealer franchise laws

SACRAMENTO, CA – The California New Car Dealers Association, representing more than 1,150 new car dealers statewide, has achieved a significant milestone in its aggressive efforts to strengthen and update California’s new motor vehicle franchise laws. In the final hours of the 2018 legislative session, AB 2107, authored by Assemblymember Eloise Reyes (D-San Bernardino), received [...]

By |2018-08-31T11:45:24-07:00August 31st, 2018|Categories: Auto industry news, Politics|Tags: |0 Comments

Top 10 States With the Highest Auto Loan Delinquencies

Auto loans are at an all-time high, up year-over-year to $1,108 TRILLION for the first quarter of 2018, according to Experian. The good news is that the deep sub-prime and sub-prime have reduced year-over-year. Deep subprime, is defined as a FICO score below 300-500 by Experian, and subprime is a FICO score of 501-600. [...]

By |2018-06-01T06:09:28-07:00May 31st, 2018|Categories: Auto industry news|Tags: |0 Comments

Former-Ford Exec now CEO of GKN Plc amid turmoil

Whoa, someone call Shonda Rhimes. There has to be a backstory to this that is worthy of the screenwriter that has mastered the television show, Scandal. Let's look at this in a way only Rhimes could. The press release from GKN was direct, "Kevin Cummings, previously CEO Designate, will leave the Board and GKN with [...]