Ford Credit anticipates releasing more than $33 billion in public funding volume in 2024 and increasing its issuance of auto asset-backed securities by the end of the year. The company has already issued $10 billion in auto ABS volume so far this year through July 23, as reported in Ford Credit’s second-quarter earnings on July
Your vehicle has been monitoring your activities and gathering information. This fact alone is causing concern among many individuals, but a recent communication sent to the Federal Trade Commission (FTC) by two U.S. Senators reveals something even more alarming: The collected data is being sold at a low price to insurance companies. The 2024 Hyundai
KINTO UK, a fleet management company owned by Toyota Motor Europe, has selected Aston Barclay as an additional remarketing partner. Starting with the Wakefield fleet sale on Friday, 2nd August, and followed by the Westbury sale on Tuesday, 6th August, a range of vehicles from KINTO will be featured in Aston Barclay’s sales events. The
Image: RB F1 Team The upcoming Belgian Grand Prix is the fourteenth round of the 2024 season, and Visa Cash App RB driver Yuki Tsunoda has already used all of his allotted Red Bull Drivetrains engine replacements for the season. Every time a regulated “power unit element” is replaced, it comes with a ten-spot grid
Stringent incentive requirements are posing challenges for Stellantis dealers in promoting leases despite the growth of Stellantis Financial Services’ portfolio in the second quarter. Stellantis NV has scaled back incentive programs to focus on specific vehicles and existing Stellantis leaseholders, primarily to bolster Stellantis Financial Services (SFS), according to Jay Slingerland. FAQs What are the
Image: Toyota Previously in May, it became apparent that Toyota needed to address the frequent malfunctions of its twin-turbo 3.4-liter V6 engines, which are utilized in the Tundra pickup truck and Lexus LX 600 SUV. After investigating potential solutions, it has been determined that the most effective course of action to rectify the situation is
The company also reported significant drop in net profit for H1 2024. Credit: MikeDotta / Shutterstock. Global automotive manufacturer Stellantis is reassessing its manufacturing operations in the UK as CEO Carlos Tavares highlights the challenges posed by climate policies on the company’s business. The government’s zero emission vehicle mandate, which mandates electric car production targets
John Frankenheimer’s 1966 Formula 1 epic film “Grand Prix” is absolutely phenomenal. This movie revolutionized the norms of filmmaking upon its release, and the film industry was forever changed. It’s three hours of breathtaking cinematography, outstanding performances, and compelling narrative. While it may have its flaws as a piece of art, with moments of being
Economists surveyed by Bloomberg News predict that the Federal Reserve is likely to indicate its intention to decrease interest rates in September. They believe that this move will initiate a series of rate cuts every quarter until 2025. Over 70% of the experts anticipate that the US central bank will lay the groundwork for this
Credit: Shutterstock.com Siemens has introduced a Charging-as-a-Service (CaaS) offering known as Depot360. This offering covers the design, installation, management, and financing of electric charging infrastructure, as well as fleet and energy management for businesses. Depot360 aims to facilitate fleet electrification by eliminating barriers. It enables fleet operators, such as bus and haulage companies, to delegate
