Why it is the worst period to buy and sell a car.It is also the time to invest in an affordable car.That is according to a report from the American Automobile Dealers Association, the nation’s largest auto industry trade group.“As we approach the first full year of the Trump administration, we are seeing a resurgence…
New York’s largest carmakers have been accused of helping a sugar daddy to launder billions of dollars in cash that he allegedly funneled to them to fund lavish luxury car projects.The suits were filed in the US district court for the Southern District of New York on Thursday against four companies – Nissan Motor, Fiat…
New US auto valuation calculator, built by a software company called Automobile, will hit the market soon, according to a post on its website.The calculator, which lets investors compare a car’s value against what other cars are selling for, is based on a car-sales-weighted average of a car that is sold in each state.It comes…
Volkswagen has been working on an autonomous car that can drive itself from San Francisco to Seattle, and now it’s been getting a little more specific.Volkswagen says its new autonomous technology, called Kaiser, is capable of “driving” on roads where it can’t drive itself.The automaker is using the Tesla Model S and its Model X…
By 2020, car companies are likely to need $4 billion in government bailouts, according to the American Automobile Association.The automaker industry has been in a crisis of its own making.It has lost a record $20 billion in market value since its 2007 peak, according the AAA.Its sales and profits have plummeted from a peak of…
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