Tag: Auto Industry

GM Pension Loss Highlights Retirement Security Risks for Auto Workers

Former GM worker Ed Bambas lost his pension after the 2009 bankruptcy, highlighting risks in retirement security for auto industry employees. A viral fundraising campaign later secured his financial future.

Rise in Late Auto Loan Payments Signals Affordability Challenges in U.S. Vehicle Market

U.S. auto loan late payments are rising, driven by high vehicle prices, particularly impacting subprime borrowers. Auto industry and economic insights.

Fed Rate Cut Delays Auto Loan Impact Amid Economic Uncertainty

The Federal Reserve's recent interest rate cut is expected to ease auto loan conditions after a delay, amid current economic uncertainties and varied lender responses. November auto loan approvals increase as vehicle prices rise during holiday sales.

Rising New Car Prices Shift U.S. Auto Market Toward Luxury and Used Vehicles

New car prices near $50,000 reshape U.S. auto market, driving shifts to luxury and used cars amid affordability challenges and regulatory changes.

New 25% Tariffs on U.S. Auto Parts to Influence Auto Pricing and Insurance Costs

A new 25% tariff on U.S. auto parts takes effect, leading to higher vehicle prices and increased auto insurance costs due to raised repair expenses and regulatory actions.

How Electric Vehicles Are Impacting the Insurance Industry

Explore how electric vehicles are reshaping the insurance industry with tailored coverage and unique challenges.