The future of driving may be closer than we thought. General Motors has announced plans to mass produce a fully autonomous car without a steering wheel or pedals in 2019 — if it gets the go-ahead from federal regulators. Ford and other manufacturers aren’t far behind. Click the audio player above to hear the full […]
The number of vehicles imported to the United States from Mexico reached an all-time high last year. Mexico’s auto industry exported 2.3 million vehicles, which is nearly a 10 percent increase from the year before. Click the audio player above to hear the full story.
Subprime loans give money to borrowers with less-than-stellar credit ratings. In return, lenders collect higher interest. But the shine is off lending to riskier borrowers these days. There’s word this week that Uber is selling off its subprime car-leasing division. That’s according to the Wall Street Journal, although Uber would not comment. The company originally […]
There’s news that Ford will cut about 10 percent of its global workforce in an effort to help lift its stock. Ford’s CEO Mark Fields has been out there talking about the future of his company as a “mobility” firm that could offer services like car sharing. These are long-term strategies for Ford’s health, the […]
The 2017 Detroit car show kicks off today. Last year, President Barack Obama attended, a symbolic moment for a president who had fully backed the bailout of the auto industry. That image stands in sharp contrast to the incoming president-elect. Donald Trump has frequently criticized the auto industry for its offshore manufacturing operations. So, how […]
