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Rivian Plans Hundreds of Job Cuts Following Surge in Staffing

Rivian Automotive Inc. is planning hundreds of layoffs to trim its workforce in areas where the

Used-vehicle values decline in June amid improving supply, slowing sales 

Used-vehicle values continue to fluctuate amid inventory constraints and economic uncertainty, leading to a decline in

4 auto ABS issuers set for $4B in new prime and subprime deals  

Four auto asset-backed securities (ABS) issuers came to market this week with $4 billion in fresh

‘Not Giving Up’: Job data show just how tight US labor really is

Nearly 400,000 jobs added in a month and an unemployment rate near a 50-year low is

Hybrid and EV demand jumps in rural American cities

Hybrid and electric vehicle (EV) demand is gaining traction in rural areas of the United States,

Rental fleet sales dip 9.8% YoY as commercial fleet activity picks up 

Vehicle sales for commercial and government fleets ticked up in June, but rental companies continue to

Volkswagen adds more banks to Porsche sports car IPO

Volkswagen AG has added a slew of additional underwriters as it pushes ahead with the planned

DriveItAway launches subscribe-to-own program for Chevrolet Bolt EUV 

DriveItAway Holdings has launched its second subscription program for an electric vehicle (EV) — this time

Credit Union Auto Lending Surges

David Thompson

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