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Gen Z, millennials late on car payments as student loans loom

Customers’ struggles to pay bills can erode the future dealership business. “The surge in delinquencies coincides, perhaps not surprisingly, with a steep drop in new auto loans, particularly among borrowers with lower credit scores,” wrote Hoenig. The amount borrowed for vehicles in the first quarter by consumers ages 18 to 29 fell 25 percent from […]

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Stellantis Free2move Charge suite to launch

Free2move Charge is broken down into three arenas: home, business and a public-facing component for customers wherever they go that includes access to charging networks. Free2move Charge Home will support consumers with installation, financing and warranty of home charging and other energy hardware and services. The company said options can involve AC charging cables and

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Online car shopping sites turn to ChatGPT to enhance user experience

The Edmunds ChatGPT plug-in helps consumers in their car purchasing decisions by offering access to original expert vehicle reviews and local inventory. It is available now to all ChatGPT Plus users in the ChatGPT plug-in store under the name “Edmunds Cars.” Once the Edmunds plug-in is enabled, users can converse with ChatGPT as usual. When

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France beats Germany, Netherlands to host the ProLogium battery plant

Macron, who personally met with ProLogium CEO Vincent Yang at the start of the vetting process, was due on Friday to officially announce in Dunkirk the 5.2-billion-euro ($5.7 billion) investment. Gilles Normand, ProLogium executive vice-president, said that after Macron, a former investment banker, pitched Yang more than a year ago Finance Minister Bruno Le Maire

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Luminar CEO Austin Russell buys 82% stake in Forbes

Austin Russella 28-year-old automotive technology billionaire, acquired an 82 percent stake in Forbes Global Media Holdings, parent of the well-known Forbes business magazine. The deal values ​​the company at close to $800 million, the parties said in a statement Friday. The seller, Hong Kong-based Integrated Whale Media Investments will retain a minority stake. The Forbes

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