business finance
Stellantis CEO Warns EV Mandates Could Harm Industry
Jurisdictions around the world are imposing EV mandates, regulating ICE vehicles out of production and sale. This is probably a necessary step to prevent us all from drowning in our homes, but the folks who sell ICE vehicles aren’t happy about it. Case in point: Stellantis CEO Carlos Tavares, speaking to a group of UK…
“Car Repair Expenses Can Lead to Financial Ruin for Many Americans”
About a third of American households, according to a survey from the Federal Reserve, don’t have $500 in their savings accounts. Because we live in a car-centric society, having your car unexpectedly break down could cause massive financial hardship. If a car in one of these households needs repairs, and there isn’t…
GM Spied on Millions of Customers’ Driving Habits: Update
We’ve previously reported on how General Motors has been collecting and selling the data of millions of drivers to the insurance industry, but now it seems the New York Times reporter who first broke the story also got caught up in this spying. This happened to her and her husband in their 2023 Chevy Bolt even though…
Fred Beans Acquires 4 Rosenthal Automotive Dealerships
Fred Beans Automotive Group has acquired four Abington, Pennsylvania dealerships, as well as a collision center from Rosenthal Automotive Organization. According to Automotive News, the dealerships Fred Beans bought include Acura, Honda, Hyundai and Mazda of Abington, with the collision center located in Fred Beans’s…
Fisker: 4 Automakers in Talks to Acquire Struggling EV Startup
We learned last month that despite Fisker beginning production on its Ocean SUV, the startup automaker lost nearly half a billion dollars last year and desperately needed a bailout. Nissan was reportedly in negotiations to give Fisker $400 million, but that apparently fell through, so it looked like bankruptcy was the…