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 […]
Ford Raises Full-Year Earnings Forecast After Beating Second-Quarter Operating Expectations
Ford Motor Co. Gave a strong performance in the second quarter, demonstrating that the company is adaptable when conditions change, and financially disciplined at the same time. Showing this to the Street when transforming its strategy for its electric vehicle division, not only beat estimates on operating profits, but was confident enough in its strategy […]
Lear Corporation Reports Second Quarter 2026 Financial Results and Raises Full Year Outlook
In the second quarter of 2026, Lear posted solid financial results, driven by revenue growth, profitability improvement, new business and progress made in manufacturing automation. The automotive technology company’s revenue in the third quarter amounted to $6.2 billion, which is 3% higher than the $6.0 billion recorded in the corresponding period of 2025. Revenue in […]
Record 12.1 Million Recalls Reshape the US Auto Industry
The recall rates of the first quarter 2016 will no doubt be a significant moment in the history of U.S. automotive industry for the surges in recalls that have taken manufacturers and vehicle owners alike by surprise. A record 12.1 million cars were recalled, a reflection of the challenges of the intricacies of today’s vehicle […]
California’s EV Dream Hits a Contentious Reality Check
California has established itself as the national leader in clean energy and transportation-demonstrating a penchant for setting policies often adopted by other states. So when Governor Gavin Newsom made an announcement regarding a strong quarter in zero-emission vehicle sales, it appeared to further that reputation. But instead of universal praise, the news immediately sparked pushback-illustrating […]