What Borrowing Against Your Car Actually Costs: Rates, Terms and Repossession Risk
Title loans turn your car into an emergency credit line. Federal data shows what that actually costs, and how often borrowers end up losing the vehicle.
Automotive
Everything you need to know about stock and business developments in the automotive sector.
New EV Tax Credit Sparks Excitement Among Electric Car Enthusiasts
The new EV tax credit was part of the Inflation Reduction Act signed by President Joe Biden in 2022. It gives EV buyers up to $7,500 in tax credits.
Fewer EVs Now Qualify for the Full EV Tax Credit — Shop Wisely
Which EVs qualify for the full EV tax credit? Not all EVs meet requirements for a $7,500 tax credit, but here are some that do. We've got the details.
The Truth About Car Subscriptions: Are They a Good Investment?
Car subscriptions give you access to a vehicle for a flat monthly fee. They may be cheaper than buying a car, but are car subscriptions worth it?
A Number of Vehicles Dodged the Chip Shortage — Which Brands Were Lucky?
Jeep and Nissan are just a few automakers who were least affected by the car chip shortage. Here's a look at the others that dodged the crisis.
On the Hunt for a New Car? Here Are the Cheapest Cars to Maintain
If you're shopping for a dependable new or used car with a limited budget, we've done the research for you. These are the cheapest cars to maintain.
How to Successfully Negotiate a Car Loan When Buying a Vehicle
Buying a car is a major financial investment and that's why you should know how to negotiate a car loan before you go to the dealership.
Who Owns Dodge? Company Starts to Embrace EV Transition
Who owns Dodge? The company is over 100 years old and its CEO is embracing the EV transition as it prepares to launch its final V8 powered muscle car.
Can Your Rent a Car Without a Credit Card? Be Prepared This Summer
You're ready to book a vacation and thinking about renting a car, but you don't have a credit card. So, can you rent a car without one? Read on to find out.
Looking to Save Money on Car Insurance? Top Tips and Tricks
Are you spending too much money on car insurance? We've got the 10 best tips and tricks for how to save money on car insurance. Let's get to it.
Selling a Car With a Lien? Here's What to Know
How do you go about selling a car with a lien successfully? Here's everything you need to know. See whether or not it's a good idea for you.Vroom Feels the Heat — Is It Going Out of Business?
With competitors such as Carvana or Carfax continuing to gain popularity, is Vroom going out of business? Here's what we know about the company.
What Is the 'Yankee Tax'? South Carolina Lawmakers Consider Newcomer Fees
What is the 'Yankee Tax' bill South Carolina lawmakers have proposed? What does it mean for people planning to move to the Palmetto State?
Who Owns Cadillac? Automaker Hasn't Changed Hands in Over a Century
Who owns Cadillac? The luxury automaker had early ties to the Henry Ford Company, but a different major brand has been its parent for most of its long history.
Beware of Car Leasing Social Media Scams — Red Flags, Explained
Car leasing social media scams may include promises of a lease without a credit check, which could be harmful to at-risk customers. Follow these tips.
Who Owns Lexus? The Car Brand That Let's Drivers "Experience Amazing"
The Lexus name has long been synonymous with luxury for car enthusiasts. Who makes Lexus vehicles and are they owned by Toyota? Find out here.
Joe Biden Supported the Idea for an EV Corvette — Did Chevrolet Deliver?
Joe Biden was among a few to stir up rumors about an all-electric Chevrolet Corvette during a 2020 campaign video. Will there be an EV Corvette?
How Expensive Is It to Insure a Tesla? Costs, Explained
Is Tesla car insurance expensive? Tesla vehicles are fairly expensive, and it's important to consider the other costs like maintenance and insurance.
Thinking About Buying a Used Car? Mechanic Offers Advice on TikTok
A mechanic went on TikTok to share his top five used cars to buy, based on his experience of how often those cars need repairs or parts.
Need to Sell a Car? Here’s Where to Get the Most Money
Need to sell your car but want to get the most money possible? Here are your best options and tips on how to get the most money for your car.
Some Hybrids Are Eligible for the Revised $7,500 EV Tax Credit
The $7,500 tax credit is an attractive incentive, but is your hybrid vehicle you’re eyeing even eligible? See which EVs and hybrids are eligible.
XPeng's Flying Car Might Be the Future — If You Can Afford the Six-Figure Price Tag
XPeng flying cars may soon be commonplace, as the fifth-generation X2 was on display in Dubai. The sixth-generation eVTOL vehicle will be a true flying car.
October Is One of the Best Months to Buy a Car — What About This Year?
Did you know that October is largely considered to be one of the best times to buy a car? Does this hold true in 2022? The current market is challenging.
Elon Musk Provides Hints About the Optimus Robot Release Date
Tesla's robot could release in the near future, according to Elon Musk. Its robots will be trained to eliminate repetitive and dangerous tasks.
Ousted Nikola Founder Trevor Milton’s Fraud Trial Begins
Ousted Nikola (NKLA) founder Trevor Milton’s fraud trial has begun. What’s at stake for Milton and the company? Here are the latest updates.
The U.S. Car Market Isn't Crashing in a Hurry — Here's Why
The housing market has shown visible signs of a slowdown. Many people wonder whether a U.S. car market crash will follow soon. Here's what we know.
When Tesla’s Next Stock Split Could Happen
Investors cangauge when the next Tesla stock split might happen by looking at the history and motivation of the divisions.
Ford Layoffs Include 3,000 Salaried and Contract Employees
Ford announced a layoff of white-collar and contract employees to cut costs as it switches its focus to electric vehicles. The Ford layoffs will be effective on Sept. 1.
Want Tesla’s FSD? Expect to Pay a Premium for It
Tesla is raising the price of its Full Self-Driving (FSD) option by a massive amount. Here’s why — and what Tesla FSD will cost moving forward.
Who Owns Ford Motor Company? It’s Complicated
Ford is the second-largest U.S.-based automaker and was founded in 1903 by Henry Ford. Who owns Ford Motor Company now? Well, it's complicated.
Carvana and Vroom Both Buy and Sell Cars — How Do They Compare?
Read this side-by-side comparison of Vroom and Carvana before buying, selling, or trading in your vehicle. See which company meets your needs.
Countries, Including the U.S., Plan to Phase Out and Eventually Ban Gas Cars
Biden has been pushing for clean renewable energy since he became president. The call for more EV purchases will eventually lead to a ban on gas cars.
Why Is Tesla Splitting Its Stock? It Boils Down to Perception
Tesla stock is on the edge of its latest stock split. Here’s why the company is making the move. In the end, it boils down to perception.
Elon Musk Dumps 7.92 million Tesla Shares Worth $6.88B
Elon Musk has made somewhat of a noticeable trend dumping Tesla stock, here are reasons why he might be doing it. Will he sell more shares?
Nikola CEO Mark Russell Is Retiring, NKLA Stock Is Volatile
Nikola CEO Mark Russell is stepping down to retire, he says. Here’s what to know about the upcoming changes. Russell took over from Trevor Milton.
Elon Musk Said Tesla Could Buy Back Shares in the Near Future
Tesla CEO Elon Musk says the company may go through share buybacks. What would that mean for Tesla stock and will it actually happen?
Tesla’s 3-for-1 Stock Split Gets Shareholder Approval, Stock Price Outlook
Tesla’s stockholders approved its 3-for-1 stock split. Based on Tesla's stock split history, what could be in store for its stock price?
Nikola Is Buying Romeo Power for In-House Battery Capabilities
Nikola announced on Aug. 1 that it's acquiring energy technology company Romeo Power. Why is Nikola buying Romeo Power? What does it mean for the EV sector?
Is VinFast Legit? Tesla Competitor Is Coming to the U.S.
Vietnamese electric vehicle maker VinFast is coming to the U.S., setting its sights on competing with Tesla. Is the company legit?
GM CEO Mary Barra's Salary Is the Highest in the Detroit Three
As the only female CEO for a global automotive manufacturer, Mary Barra’s salary and compensation in 2021 make her the highest paid CEO of the Detroit Three automakers.
USPS Revises Its Electric Vehicles Contract Again — All the Details
The USPS revised its contract and plans for purchasing fleet vehicles, increasing the percent that will be electric from 10 percent–40 percent.
Rivian’s Output—What the Company Is Worth and How Many Cars It Has Sold
Rivian is trying to become a force in the EV industry. How many cars has it sold, and what's the company worth?
Tesla Superchargers Will Be Available to Non-Tesla EVs Very Soon
Can you use the Tesla Supercharger on other electric cars? By the end of the year, you will be able to. Here's what we know about Tesla's plans.
Audi Is Suing NIO for Alleged Trademark Infringement
German automaker Audi is suing NIO on alleged trademark infringement. Here’s what the lawsuit says and what’s next for the two automakers.
Ford Recalls 3.3 Million Cars: Which Models Are Impacted?
Ford has announced a recall of 3.3 million cars in North America. Which models are being recalled? This is the fifth such recall since 2018.
DeLorean Introduces Alpha5 EV, Decades After Stephen Wynne Resurrected the Company
What’s Stephen Wynne’s net worth? With DeLorean introducing its Alpha5 electric car, learn about the auto mechanic who resurrected the company.
Electric Cars Have More Upfront Costs, Significant Savings Over Time
Buying an electric vehicle will likely cost more upfront, but offers significant savings on fuel and maintenance over the life of the car.
Recent Tesla Crashes Intensify the Ongoing U.S. Probe
As more Tesla crashes come to light, U.S. investigators are ramping up their probe into the EV company’s autopilot safety.
Lucid Motors Partners With Bank of America to Launch Lucid Financial Services
Leasing a Lucid vehicle hasn't been possible until now. The EV company has partnered with Bank of America to launch Lucid Financial Services.
Analysts Are Upgrading EV Stocks Despite the Downtrend
Analysts are upgrading electric vehicle stocks. What’s causing the push and will their predictions of rising EV share prices come to fruition?
