Car repossessions are on the rise, and financial analysts fear the trend will continue, according to a report. The auto loan industry looks much different than it did at the start of the pandemic, whe...
Tag: Car
Really Need a Car? Here’s Why You Should Buy New
SmartAsset: Really Need a Car? Here’s Why You Should Buy New If you’ve shopped for a car recently, you’ve probably realized that a combination of tight supply and pent-up demand has squeezed car...
Elon Musk takes legal action after ‘stalker’ finds car with his child inside
Elon Musk is taking legal action against the owner of the @ElonJet Twitter account – AP Photo/Matt Rourke Elon Musk has said he is taking legal action against the owner of a Twitter account that...
As Carvana Plunges, Consider These 5 Car Dealer Stocks
It was a bad week for Carvana —and a bad week for used-car dealers. But some auto-dealer stocks might still be worth buying. After falling almost 40% this past week, Carvana (ticker: CVNA) is off an i...
Carvana shares tank as bankruptcy concerns grow for used car retailer
Ernest Garcia III, CEO of Carvana, speaks to CNBC on the floor of the New York Stock Exchange, March 7, 2019. Brendan McDermid | Reuters Shares of Carvana plummeted by more than 40% in Wednesday morni...
Apple downsizes, delays its autonomous car plans: report
Apple Inc. has scaled back its autonomous electric-car plans and delayed its target date until 2026, according to a new report. Bloomberg News on Tuesday reported Apple’s Project Titan has been in a s...
Apple Scraps Plans For Car Without Steering Wheel Or Pedals, Report Says
Topline A secretive plan for an autonomous vehicle created by Apple— which the tech giant has never publicly acknowledged—is changing course, according to Bloomberg, which reported the company has scr...
Tesla plans to cut car production in Shanghai as demand wanes: report
Facing weaker demand in China, Tesla Inc. TSLA, +0.08% plans to reduce production at its Shanghai plant by possibly 20% in December, Bloomberg reported on Monday, citing sources. The cuts could kick i...
Virginia-based Luxury Car Dealer Now Accepts Shiba Inu
– Advertisement – Luxury Cars can now be purchased using Shiba Inu. BitPay recently announced that it has entered into a partnership with Virginia-based luxury car dealer ‘Exclusive Automo...
3 Altcoins That Could Skyrocket In 2023: Decentraland (MANA), Car…
The year is almost over, and many investors are already searching for cryptocurrencies that could skyrocket in price. For some time now, Bitcoin (BTC) has remained Below the $25k resistance level, dam...
How Google’s Waze changed from its early days as car travel is remade
Waze app with icon showing police Source: Waze In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. Nobody enjoys sitting in bumper-to-bumpe...
Black Friday car deals are hard to come by even as prices soften
Newsday Llc | Newsday | Getty Images There was a time when Black Friday in the car-selling business meant a flurry of big sales events at dealerships whose lots were full of new vehicles. These days, ...
Russia relaunches Soviet-era Moskvich car brand using a former Renault plant
The relaunch of Moskvich vehicles comes as Russia strives for a self-sufficient economy as the country’s finances continue to be choked by sanctions and other ramifications of its invasion of Uk...
Buy Avis Budget And Landstar
Photo by TIMOTHY A. CLARY / AFP) (Photo by TIMOTHY A. CLARY/AFP via Getty Images AFP via Getty Images The markets are entering the most seasonally favorable period in any year. We look to the S&P ...
IndyCar’s Pato O’Ward Tests McLaren Formula One Car During Friday’s Free Practice At Bahrain GP
NTT IndyCar Series driver Pato O’Ward Photo Courtesy of McLaren Arrow McLaren SP NTT IndyCar Series driver Pato O’Ward of Monterey, Mexico got his chance to drive the current Formula One McLaren...
Andy Warhol ‘Car Crash’ Painting Nets $85.4 Million At Auction After 35 Years
Topline A monumental silkscreen painting, part of one of Andy Warhol’s most pivotal series, sold for $84.5 million at Sotheby’s Wednesday, more than 131 times more than the last time it appeared at au...
Charlie Munger calls the success of Elon Musk’s Tesla a ‘minor miracle’ in the car business
Berkshire Hathaway Vice Chairman Charlie Munger spoke highly of Elon Musk’s electric vehicle company Tesla, calling it an amazing feat in the American auto industry. “I was certainly surpr...
Jay Leno says he’s ‘ok’ after he suffers serious burns in car fire
Jay Leno at The Library of Congress Gershwin Prize tribute concert at DAR Constitution Hall on March 04, 2020 in Washington, DC. Shannon Finney | Getty Images Jay Leno is recovering from serious burn ...
The brands and models car shoppers want most—despite inventory levels
Toyota dealers are low on cars. All the same, more American car shoppers consider a Toyota TM, +1.95% than any other brand. Fully 35% of American car shoppers looked closely at buying a Toyota product...
Carvana Stock Drops Amid Used Car Price Declines
Getty Images Key takeaways Used car marketplace Carvana saw its stock plunge 48% in two days after abysmal third quarter earnings Carvana stock is down almost 97% year-to-date (YTD) as an overheated a...
Recall-Plagued Tesla Calls Back Another 40,000 Cars Over Possible Steering Issue
Topline Tesla is recalling more than 40,000 vehicles that could possibly lose power steering assist when hitting potholes or driving over bumps, according to a National Highway Traffic Safety Administ...
How your credit score affects the cost to finance a car
Tim Boyle | Bloomberg | Getty Images Although prices for new cars are moderating a bit, financing a vehicle purchase hasn’t been getting any cheaper. With the Federal Reserve’s latest inte...
Xpeng electric car deliveries drop in October to half of Nio’s
Xpeng said deliveries of its newly launched G9 SUV surged in October from September, despite a drop in the brand’s overall monthly deliveries. China News Service | China News Service | Getty Ima...
Andy Warhol ‘Car Crash’ Painting Returns To Auction After 35 Years—And Could Net $80 Million
Topline A rare silkscreen painting by Andy Warhol from one of his most pivotal series is expected to sell for more than $80 million when it goes to auction next month for the first time in 35 years, a...
Tesla Under Federal Criminal Investigation Over Self-Driving Car Claims, Report Says
Topline The Justice Department is pursuing a criminal probe over Tesla’s claim that its vehicles can drive themselves, according to Reuters, in the latest legal snarl for the automaker involving...
Comedian And Beloved TV Presence Leslie Jordan Dies In Car Crash
BEVERLY HILLS, CA – APRIL 12: Leslie Jordan attends the 29th Annual GLAAD Media Awards at The … [+] Beverly Hilton Hotel on April 12, 2018 in Beverly Hills, California. (Photo by Vivien Ki...
Used car prices just plunged 10% over the past year — here are the market segments that fell the furthest
Used car prices just plunged 10% over the past year — here are the market segments that fell the furthest Despite the Fed’s aggressive rate hikes, inflation remains a big concern. In September, consum...
Spire Motorsports Re-Signs Corey LaJoie, Adds Ty Dillon To Drive Second Full-Time Car
Ty Dillon spent the 2022 season competing for Petty GMS in his return to the Cup Series. (Photo by … [+] Sean Gardner/Getty Images) Getty Images As part of Spire Motorsports’ long-term growth, t...