China’s rebound signals hope for US auto market
As the U.S. auto market continues to be hammered by the coronavirus economy, the “speed and magnitude” of the recovery ...
Tag: general motors
JD Power: Long-term loans doubled from last year
Longer-term loans, especially 84-month loans, are gaining popularity with consumers as the auto market sees its sixth straight week of ...
Can leases cure the car-buying market?
With April vehicle sales in free fall, carmakers have been playing the 0% financing card, offering interest-free payments for as ...
Cruise laying off almost 8% of staff in setback for self-driving firm
Cruise, the self-driving car unit majority owned by General Motors Co., is laying off almost 8% of full-time employees to ...
Weekly Wrap: COVID-19 economy puts pressure on residual values [Video]
The coronavirus economy and weaker consumer demand have created substantial risk for used vehicles as large volumes of leased vehicles ...
Hertz and Avis cancel orders in setback for ailing carmakers
Rental-car companies struggling to survive the coronavirus pandemic’s catastrophic blow to their business have been working with automakers to call ...
GMF has $3.7B for potential residual value declines
GM Financial is gearing up for potential losses on off-lease residual values as the extent of the COVID-19 economic crisis’ ...
GM bolsters liquidity with extended $3.6B credit line
General Motors has extended $3.6 billion under its three-year revolving credit line to April 2022, just one week after renewing ...
