Car Loan Credit Access Tightens in January
Hits 2 ½-year low. Subprime, negative-equity shares fall.
Hits 2 ½-year low. Subprime, negative-equity shares fall.
Expanded plant to support production of more than a million EVs a year.
Q4 hop still off last year. Buick Enclave top pick.
Stake would give it access to one of world’s biggest stores of key EV battery element.
January decrease follows end of tax break, subsidy.
Volkswagen AG reported its cash flow fell short of expectations as supply chain snags led to higher unsold inventory at year’s end.
The AG’s Office settled with Toyota Motor Credit Corp. for illegal auto finance collection practices and Hometown Auto Framingham for discriminatory prices of add ons.
Revenue also up for year. Q4 profit, meanwhile, falls due to market shifts.
Biden’s green-tech offerings so far more attractive for investments than Europe’s idea.
The reduction in weekly depreciation that started a couple of weeks ago continued again last week, with the market reporting the lowest overall depreciation we have seen since the end of June 2022.