Car loans in the United States have been stopped for riskier borrowers who are under inflationary pressures

Sticky

On: June 30, 2022

There has been a reduction in the number of loans given out by financial institutions to individuals who purchase automobiles and have the highest risk profile. This trend suggests that financial institutions are preparing for an economic downturn that may enable individuals to meet their financial commitments. As a resultRead More →

General Motors increases investment in electric cars by 30% to $ 35 billion by 2025

By: Herb D. Nieves

On: June 16, 2021

In: Car investment

General Motors again increased its investments in electric and autonomous vehicles, announcing on Wednesday that it would increase planned spending by 30% to $ 35 billion (40.6 billion euros) through 2025 as it unveils new models and strengthens its capabilities. The major US automaker cited strong consumer reception of itsRead More →