Average New Car Payment Hits Record High $525 Per Month

  Source: Zero Hedge   Automotive loan amounts and monthly payments continue to reach record highs, but US consumers seem unfazed. According to Experian’s latest State of the Automotive Finance Market report, Americans
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Ford profits down nearly half due to supplier fire, China

  Source: Detroit News Ford Motor Co. blamed a May supplier fire that disrupted F-150 production for days, as well as poor performance in China for second-quarter for profits that were down nearly $1
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Ford announces $1.7B quarterly profit, deep cuts to car lineup

  Source: Detroit Free Press | JC Reindl and Eric D. Lawrence The company that put Americans in cars affirmed Wednesday that those vehicles are going the way of the Model T and
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Trump EPA About To Sweep Away Obama’s ‘Aggressive’ Global Warming Regulations on Cars

  Source: Western Journal | By Michael Bastasch The Environmental Protection Agency will revise Obama-era greenhouse gas emissions regulations on cars and light duty trucks, deeming them too aggressive for automakers to meet
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Fiat Chrysler will invest $1B in Warren Truck plant; bring Ram work back from Mexico

Source: Detroit Free Press | Eric D. Lawrence Mike Manley, head of the Jeep and Ram brands for Fiat Chrysler Automobiles, says a new Wrangler and Ram 1500 and refreshed Cherokee will
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Build Fast, Fix Later: Tesla Employees Say 90% Of Model S/X Cars Fail Quality Checks After Assembly

  Source: Zero Hedge Last month we highlighted a report from Automotive News which suggested that Tesla’s Model 3 production misses might have been the result of a rather basic and embarrassing
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US CREDIT CARD DEBT RISES ABOVE $1 TRILLION AS STUDENT, AUTO LOANS HIT ALL TIME HIGH

  Source: BLACKLISTED NEWS | SOURCE: ZERO HEDGE Earlier in 2017, using the latest Fed data newspapers and financial media reported that US consumer credit card debt had risen above $1 trillion
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Tesla sales stopped dead in Hong Kong after a tax break for electric cars was scrapped

  Source: Business Insider | By TONY YOO The Hong Kong government’s decision to scrap a tax break for electric vehicles has reportedly had a dramatic effect on sales of Tesla cars
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15K salaried Ford workers offered buyouts

  Source: The Detroit News Ford Motor Co. has begun issuing buyout offers to 15,000 salaried employees in an effort to cut 1,400 positions from its corporate staffing in the
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Ford to move all small car production to Mexico

  Source: The Detriot News Ford Motor Co. President and CEO Mark Fields on Wednesday confirmed Ford will end small-car production in the United States by shifting it all to
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