business finance
“Over 90% of German EVs Sold in Q1 Were Leased”
Not too long ago, vehicle leases were on the decline. So much so that it was affecting the used car market. Now, thanks to EVs, leases are making a big comeback. And thanks to tax credits, German luxury EVs are being leased now more than ever.
Cybersecurity Software Defect Causing Chaos in Airports and 9-1-1 Centers | Giga Gears
A global outage of the security software CrowdStrike is effecting everything from international flights to global banks to average businesses around the world Friday morning. Systems are slowly returning to normal, but the effects of the outage will reverberate for the rest of the day, especially for the travelers…
Ford Invests $3 Billion in New Trucks Following Small EV Delay | Giga Gears
Ford is investing $3 billion to build more of its extremely profitable F-Series Super Duty pickup trucks at a plant in Ontario, Canada that was previously earmarked to build an electric crossover. The plant is set to be opened in 2026, and it will employ 1,800 workers to build the large work trucks. The move will add…
‘Honest Abe Auto Sales’ Faces $500K Lawsuit for Deceiving Customers | Giga Gears
Honest Abe Auto Sales – a string of four car dealerships in the Indianapolis area – is being forced to pay back nearly half a million dollars to customers it, well, lied to. The dealers, which are operated by Sycamore Companies, were accused of bait-and-switch sales tactics, false advertised prices and preying on…
North Carolina’s $96 Million Investment in VinFast Factory at Risk | Giga Gears
North Carolina cut a deal with VinFast in 2022 to provide one of the largest incentives packages in state history to coax Vietnamese electric automaker VinFast to build its U.S. headquarters and production facility in Chatham County. For a little over $1.25 billion in benefits provided by the state, VinFast claims it…