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Automotive

The Federal Reserve keeps raising rates. That means it's harder to get a car loan

The Federal Reserve keeps raising rates. That means it's harder to get a car loan

NEW YORK (AP) — The Federal Reserve's decision Wednesday to raise its benchmark rate for the 11th time, by a quarter-point, could once again send ripple effects across the economy .
Weekly US applications for jobless benefits slide to lowest level in 5 months

Weekly US applications for jobless benefits slide to lowest level in 5 months

The number of Americans applying for jobless benefits slid last week to its lowest level in five months, further evidence that the U.S. labor market continues to defy the Federal Reserve's attempts to cool it off. U.S.
A 'rolling recession' or a 'richcession' might spare the US economy from a full-scale downturn

A 'rolling recession' or a 'richcession' might spare the US economy from a full-scale downturn

WASHINGTON (AP) — Despite more than a year of widespread warnings that a recession was near, America’s economy is, if anything, accelerating.
Congress urged to revive long-stalled debate about regulating self-driving vehicles

Congress urged to revive long-stalled debate about regulating self-driving vehicles

WASHINGTON (AP) — Advocates for the self-driving vehicle industry on Wednesday warned that years of regulatory inaction is putting American manufacturers at a competitive disadvantage and urged Congress to expand their ability to test and eventually
New electric vehicle charging network being built by major automakers could lure more buyers to EVs

New electric vehicle charging network being built by major automakers could lure more buyers to EVs

DETROIT (AP) — The announcement Wednesday that seven major automakers are joining to build a large North American electric vehicle charging network should pull people off the sidelines to at least consider shifting away from gas-powered vehicles.
Clean energy push in New Jersey, elsewhere met with warnings the government is coming for your stove

Clean energy push in New Jersey, elsewhere met with warnings the government is coming for your stove

BRICK, N.J. (AP) — New Jersey is pushing an ambitious agenda to move its more than 9 million residents away from natural gas and gasoline to heat their homes and power their cars, in favor of electricity to do the job of both.
Stellantis CEO dangles a potential factory relaunch as autoworkers say a strike is possible

Stellantis CEO dangles a potential factory relaunch as autoworkers say a strike is possible

MILAN (AP) — Stellantis CEO Carlos Tavares on Wednesday dangled a potential relaunch of a shuttered Illinois factory if it can be made more competitive as the United Auto Workers Union says a strike is possible.
Edmunds compares: 2023 Honda Accord vs. 2023 Kia K5

Edmunds compares: 2023 Honda Accord vs. 2023 Kia K5

The midsize sedan market lacks the diversity of models it once did, yet what remains is a competitive set of vehicles.
Nissan plans $663 million investment in Renault's EV unit Ampere and says profit leapt in April-June

Nissan plans $663 million investment in Renault's EV unit Ampere and says profit leapt in April-June

TOKYO (AP) — Nissan plans to invest 600 million euros ($663 million) in Ampere, Renault's electric vehicle and software entity in Europe.
UPS reaches tentative contract with 340,000 unionized workers, potentially dodging calamitous strike

UPS reaches tentative contract with 340,000 unionized workers, potentially dodging calamitous strike

NEW YORK (AP) — UPS has reached a tentative contract with its 340,000-person union, potentially averting a strike that threatened to disrupt package deliveries for millions of businesses and households nationwide.