GM Earned $3.3 Billion Last Quarter. Its Lending Arm Set Aside 39% More for Car Loans Going Bad
Ford, GM and Stellantis have mostly finished booking their EV write-downs. The strain now shows up at their finance arms,…
industry
The Dealership Boom Is Cracking: $120 Million Gone in One Quarter, and Buyers May Pay for It in the Finance Office
Six public dealer groups earned about $120 million less in Q2 2026 as new-car margins shrank. Aggressive stock buybacks kept…
Hertz Gave Up Half the Votes in Robotaxi Unit Oro for About a Sixth of the Profits. Here’s Where the $81 Million Went
Hertz sold about a sixth of Oro's profits and half its votes for $81 million. The 8-K shows most of…
Ford Paid $10.5 Million in 2001 Over Grading Managers on a Curve. Now It’s Back in Court Over Job Bias.
A Sept. 28 federal employment-discrimination suit against Ford lands nearly 25 years after the company settled over grading managers on…
The Next Honda CR-V Hybrid Is Reportedly Running Late, and So Is Honda’s Plan for a Cheaper Hybrid
Nikkei reports Honda's redesigned CR-V hybrid won't start U.S. mass production until May or later. That delays the first payoff…
Stellantis Is Grading Its Quality Fix on Three-Month-Old Cars. The €4.1 Billion Bill Is for Older Ones.
Stellantis booked €4.1 billion in 2025 for defects in vehicles it had already shipped. The quality metric it now reports…
The New Fuel Economy Rules Carry a $0 Fine. The Part That Actually Matters Is Buried 700 Pages Deep.
The fine for missing the new Corporate Average Fuel Economy (CAFE) standards is zero dollars....
Stellantis Lined Up an Armored-Vehicle Builder for Brampton. Now It Needs the Union to Sign.
Stellantis has an armoured-vehicle maker lined up for its idle Brampton plant. The harder sell is Unifor, and the reason…
Car Payments Just Hit a September Record of $821. Prices Barely Moved. Here’s Where the Money Went.
J.D. Power says the average new-car payment hit a September-record $821. Prices rose just 0.7% and rates fell, so the…
Drones Hit a Saudi Crude Pipeline. The Bill Is Landing in America’s Diesel Tanks.
The Sept. 10 strike on Saudi Arabia's Hormuz bypass hit crude, but the lasting damage is to diesel, the fuel…
Detroit’s Share of U.S. Car Sales Is Headed for a Record Low. Here’s What 36% Really Means.
Cox Automotive forecasts GM, Ford and Stellantis at just over 36% of third-quarter U.S. sales, the lowest on record. The…
Honda Spent $1 Billion So One Ohio Line Could Build Anything. It Still Ran Out of Room.
Honda spent more than $1 billion so its Ohio lines could build gas, hybrid and electric cars interchangeably. A reported…
America Already Banned Chinese Cars. The Senate Is Fighting Over Who Gets to Unban Them.
Commerce banned Chinese connected-vehicle software and hardware in 2025. The Senate bill everyone calls a ban is really a fight…
A Car Dealer Just Led a $22 Million Bet on the Robot That Calls You About Your Oil Change
A dealer group led STELLA Automotive AI's $22.1 million round. The real prize is the service drive, and federal robocall…
McLaren’s £500 Million Plan Isn’t Really About the SUV. It’s About Finally Building Its Own Engines.
For 15 years, an outside firm built McLaren's engines. The supercar maker's £500 million UK expansion brings that work in-house,…