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Lucid cutting 18% of US staff as EV maker retrenches further

Lucid Group Inc. is slashing its workforce for at least the second time this year and eliminating a top executive

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A series of cars, all lined up

New-vehicle auto loan rates drop 97 bps in June (Big Wheels)

National auto interest rates for new and used vehicles dropped for the sixth consecutive month in June amid projections that

,

Evotrex-PG5 Electric RV Trailer

Evotrex raises $30M in series A to advance electric RV trailer production

California-based electric RV startup Evotrex this month raised $30 million in series A financing as it moves toward production of

A customer looks over an SUV at a car dealership in Orland Park, Illinois.

Agora Data platform to offer vehicle service contracts, GAP 

AI-powered auto fintech Agora Data will provide vehicle service contracts and guaranteed asset protection products to auto dealers through its

,

Auto finance hiring slows (Under the Hood)

Auto financiers continue to seek key personnel but the number of open positions has slid in the past year. Overall,

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Lucid cutting 18% of US staff as EV maker retrenches further

Open Lending to go private following acquisition by ANV

Technology

Agora Data platform to offer vehicle service contracts, GAP 

Exclusive: Brex, Tekion launch dealer-facing expense management platform 

FIS, Fuse partner on auto, equipment finance origination platform

Global Lending Services expanding dealer pricing tool 

The tax return looked real; that was the point 

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Tesla announces new fleet financing program

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