bloom | Auto Finance News

A shopper reaches for cottage cheese inside a grocery store in San Francisco, California, U.S., on Monday, May 2, 2022. U.S. inflation-adjusted consumer spending rose in March despite intense price pressures, indicating households still have solid appetites and wherewithal for shopping.

The Federal Reserve’s preferred gauge of underlying inflation cooled last month while household spending rebounded. The so-called core personal consumption ...

A Fisker Ocean electric SUV. Photographer: Angel Garcia/Bloomberg

Fisker slashes EV prices as much as 39% in fight for survival

byBloomberg News

March 27, 2024

Fisker Inc. dramatically reduced the price of the Ocean sport utility vehicle — its only model — as the electric-car ...

CULA, facing captive competition, looks to branch out

byAmanda Harris

March 26, 2024

Credit Union Leasing of America’s leasing share has dipped as the company’s credit union base faces increased competition from captives, ...

Lucid Air electric vehicles at the company's showroom in Tysons, Virginia.

EV maker Lucid surges on $1B lifeline from Saudi investor

byBloomberg News

March 25, 2024

Lucid Group Inc. is getting a $1 billion cash injection from its biggest investor, an affiliate of Saudi Arabia’s Public ...

Stellantis to cut 400 jobs in US amid challenging shift to EVs

byBloomberg News

March 22, 2024

Stellantis NV is cutting about 400 white-collar jobs in the US as the maker of Jeep and Ram vehicles works ...

The Marriner S. Eccles Federal Reserve building in Washington, D.C., U.S., on Sunday, Dec. 19, 2021. The Federal Reserve chair has tempered his ambition to restore the labor market to its pre-pandemic strength, as the central bank confronts surging inflation and a workforce still constrained by Covid-19.

Fed pencils in three rate cuts in 2024, shallower path ahead

byBloomberg News

March 20, 2024

Federal Reserve officials maintained their outlook for three quarter-point rate cuts this year but forecast fewer cuts than before in ...

An electric vehicle is charged at a dealership in Detroit.

Biden’s newest rule on auto emissions set to boost electric car sales

byBloomberg News

March 20, 2024

The Biden administration moved Wednesday to throttle pollution from the nation’s cars and light trucks, imposing tailpipe emission limits so ...

Fisker Ocean electric sports utility vehicle. Photographer: Bloomberg/Bloomberg

EV maker Fisker stops production, warns it may need to seek bankruptcy

byBloomberg News

March 18, 2024

Fisker Inc. is pausing production for the next six weeks as the electric-vehicle maker looks to rein in inventory and ...

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Search Results for 'bloom'

Fed’s preferred inflation metric cools while spending rebounds

Fisker slashes EV prices as much as 39% in fight for survival

CULA, facing captive competition, looks to branch out

EV maker Lucid surges on $1B lifeline from Saudi investor

Stellantis to cut 400 jobs in US amid challenging shift to EVs

Fed pencils in three rate cuts in 2024, shallower path ahead

Biden’s newest rule on auto emissions set to boost electric car sales

EV maker Fisker stops production, warns it may need to seek bankruptcy

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