Tag: auto

Money US News

Understanding Rising Auto Loan Delinquency Rates and Solutions for Lenders and Borrowers

Auto loans represent a cornerstone of household independence, giving millions of Americans access to employment, family responsibilities, and everyday necessities. Yet the financial pressure surrounding vehicle ownership has intensified considerably. The serious delinquency rate for auto loans, defined as balances 90 or more days past due, reached 5.6% in the first quarter of 2026, according to the […]

World News

Automotive Leaders Diversify Powertrains and Expand Software Integration for Long-Term Growth

“The automotive industry the world over now truly marks an era of transition where companies move on from just the battery-electric vehicle” Auto majors are no longer solely backing their bets on one kind of technology – now including hybrids, the extended-range electric vehicles (EREVs), as also software-defined vehicle technologies and AI. It’s the diversified […]

Autos US News

Auto Finance Fraud Reaches Record Levels Fueled by AI Rings

Auto lending has an unprecedented rise in sophisticated fraud, with loss exposure growing to a record $10.4 billion in 2023. That number marks a 13 percent jump compared with the previous year’s loss estimate of $9.2 billion. The surge wasn’t isolated. Instead, it signifies the rising impact of organized criminal rings that leverage high-tech tools, […]

Autos World News

Beyond the Headlines: China’s Major Auto Industry Consolidation

Beijing’s move to permanently withdraw car manufacturing permits from eight domestic brands, Zotye among them, and the struggling Brilliance Auto Group (among others) has captured significant attention around the world’s automobile business. On the surface, Beijing appears to simply be tightening standards and taking aim at car companies falling short. However, this is not just […]

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