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News Feed

Rivian Plans Hundreds of Job Cuts Following Surge in Staffing

byBloomberg News

July 11, 2022

Rivian Automotive Inc. is planning hundreds of layoffs to trim its workforce in areas where the electric-vehicle maker has grown...

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

byAmanda Harris

July 8, 2022

Used-vehicle values continue to fluctuate amid inventory constraints and economic uncertainty, leading to a decline in the Manheim Used-Vehicle Value...

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

byJoey Pizzolato

July 8, 2022

Four auto asset-backed securities (ABS) issuers came to market this week with $4 billion in fresh prime and subprime deals,...

A "Help Wanted" sign outside a restaurant in the East Flatbush neighborhood in the Brooklyn borough of New York, U.S., on Monday, March 29, 2021.The U.S. economy is on a multi-speed track as minorities in some cities find themselves left behind by the overall boom in hiring, according to a Bloomberg analysis of about a dozen metro areas.

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

byBloomberg News

July 8, 2022

Nearly 400,000 jobs added in a month and an unemployment rate near a 50-year low is probably enough evidence of...

Hybrid and EV demand jumps in rural American cities

byRiley Wolfbauer

July 7, 2022

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

Rental vehicles parked at a Hertz location at the Louisville International Airport in Louisville, Kentucky, U.S., on Thursday, Jan. 20, 2022. The U.S. car rental industry achieved overall revenues of $28.1 billion in 2021 - a 21% gain over the pandemic year of 2020, according to data collected by Auto Rental News. Photographer: Luke Sharrett/Bloomberg

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

byAmanda Harris

July 7, 2022

Vehicle sales for commercial and government fleets ticked up in June, but rental companies continue to feel the pinch of...

A Porsche 718 Spyder automobile at a Porsche SE showroom in Berlin, Germany, on Tuesday, March 29, 2022. Porsche, which reports reports final year earnings today, delivered 301,915 vehicles to customers in 2021, an 11% jump from 2020 and the first time it has surpassed the 300,000 mark.

Volkswagen adds more banks to Porsche sports car IPO

byBloomberg News

July 7, 2022

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

The charging port of a Chevrolet Bolt electric utility vehicle (EUV) during the 2022 New York International Auto Show (NYIAS) in New York, U.S., on Thursday, April 14, 2022. The NYIAS returns after being cancelled for two years due to the Covid-19 pandemic. Photographer: Michael Nagle/Bloomberg

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

byAmanda Harris

July 6, 2022

DriveItAway Holdings has launched its second subscription program for an electric vehicle (EV) — this time the Chevrolet Bolt EUV...

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Auto lenders bullish on EVs amid tax bill cut

AI compliance fintech Kobalt Labs wins 2025 Demo Challenge

USAA melding human, AI interactions

UACC originations rise 16%

News Feed

Rivian Plans Hundreds of Job Cuts Following Surge in Staffing

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

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

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

Hybrid and EV demand jumps in rural American cities

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

Volkswagen adds more banks to Porsche sports car IPO

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

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