America’s mountain of car loan debt is getting higher. A Finder analysis of Federal Reserve Bank of New York data found that Americans accumulated $568.6 billion in auto loans by the end of 2017. Last year, the average amount borrowed for a new …
Read More »High Income People More Interested in Driverless Cars
Last week General Motor’s second in charge stepped down as president to manage the companies self-driving unit, a move seen as serious investment in the companies future. According to a global online survey conducted by Accenture and Harris Interactive, about six out …
Read More »This Italian city rewards you for not driving your car
In the Italian city of Bologna, people are rewarded for cycling, walking and taking public transport. Bella Mossa (Italian for “good job”) is the brainchild of urban planner Marco Amadori. The anti-pollution scheme aims to reduce car journeys and boost …
Read More »Where Toyota is the most popular car brand
Toyota is the world’s sixth-largest company by revenue and it employs more than 360,000 people. It was founded all the way back in 1937 and in the years since, Toyota has become a massive multinational corporation, displacing General Motors as the world’s …
Read More »Who Would Be Hit Hardest by a U.S. Tariff on Cars?
Having repeatedly stated his discontent with the United States’ role in world trade, U.S. President Trump has been pushing for a more protectionist policy in recent months. Following the formula that enabled him to impose tariffs on steel and aluminum …
Read More »Who Would Be Hit Hardest by a U.S. Tariff on Cars?
Having repeatedly stated his discontent about his country’s role in world trade, U.S. President Trump is currently pushing for a more protectionist policy, threatening to impose tariffs on imported goods. Next to China, the largest import partner of the United States, …
Read More »VW Bosses Awarded Huge Pay Increases
Despite still dealing with the fallout from 2015’s ‘dieselgate‘, German car maker Volkswagen almost doubled its operating profit from 2016 to 2017. As shown in the company’s latest annual report, this result is also reflected in the remuneration of the management …
Read More »The surprising truth behind the world’s electric cars
The production and sale of electric vehicles accelerated in 2016, with two million cars manufactured and over 750,000 sold globally, according to the International Energy Agency’s (IEA) 2017 Global Electric Vehicle report. And the market is expected to boom further in …
Read More »Used car imports, local sales on the rise
The overall volume of imported used vehicles grew 65 percent to 76,635 units in 2017 from 46,500 units a year ago, data showed. Imports of used cars and minivans surged to 65,723 units in 2017, rose almost 70 percent from …
Read More »Atlas Honda posts 25pc profit increase in first 9 months
Atlas Honda Limited (AHL), Pakistan’s leading motorcycle manufacturer, posted a profit of Rs6.18 billion for the nine months ended Dec 31, 2017, increasing from Rs4.93 billion in the corresponding period last year registering a 25 percent increase. A sharp fall …
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