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Deep subprime becomes norm in car loan market, analysts say
About a third of the risky car loans that are bundled into bonds are considered 'deep subprime,' a level that has surged since 2010 and is translating to higher delinquencies, Morgan Stanley says. -
2024 Isuzu D-Max price and specs: Facelift arrives in Australia, up to $3000 dearer
via drive.com.auOne of Australia’s most popular new vehicles has undergone a mid-life refresh, bringing new technology, looks and safety to the third-generation Isuzu D-Max – with price rises of up to $3000.2024 Isuzu D-Max pricing and specificationsNew front and rear stylingX-Rider variant added to regular D-Max rangePriced from $32,490 to $70,500 plus on-road costs, up $500 to $3000The facelifted 2024 Isuzu D-Max has arrived in Australia as the biggest update for the third-generation ute since it -
CarNow eyes expansion, possible acquisitions after debt financing
via autonews.comCarNow, maker of digital retailing platforms for dealerships, plans to use $40 million in new debt financing to accelerate product development and pursue further market expansion. -
Hornet's torque powers ads
via autonews.comDodge sold about 17,000 Hornets in the crossover's first year on sale in the U.S. and it working to build more buzz with an ad campaign that started this month. -
Tesla's freshened Model 3 Performance is a crazy fast, 510-hp bargain
via autonews.comTesla adds adaptive suspension, improved sport seats and carbon-fiber interior accents. The performance trim is also the only Model 3 eligible for the $7,500 EV credit, making it a bargain. -
Toyota invests $1.4 billion in Indiana plant for large EV
via autonews.comThe investment will add 340 jobs and a new battery pack assembly line, but details signal that either the Toyota Sienna or Toyota Highlander will become a full EV in 2026. -
Fred Beans buys 4 Rosenthal Automotive dealerships
via autonews.comRosenthal Automotive Organization divested four Philadelphia area dealerships it bought in June 2022 from Sussman Automotive Group. -
Asbury Q1 net income slips 19%; $4.2 billion in revenue sets record
via autonews.comAsbury Automotive Group produced $147.1 million in net income during the first quarter, down 19 percent from a year earlier as falling profit margins offset rising vehicle sales and revenue. -
Mobileye quarterly loss widens, revenue plunges as chip orders decline
via autonews.comMobileye Global reported a sharp fall in first-quarter revenue on Thursday, hurt by fewer orders for its driver-assistance chips as clients rein in spending amid an uncertain economy and excess inventory. -
Pretax charges drop Sonic Automotive's Q1 net income
via autonews.comThe company said $7 million in pretax charges contributed to a 12 percent dip in first-quarter net income. -
VinFast founder commits $1 billion as EV maker bleeds cash
via autonews.comVietnamese billionaire Pham Nhat Vuong pledged to invest at least another $1 billion of his personal wealth into VinFast Auto Ltd., providing the capital needed for expansion of the struggling electric vehicle maker. -
New GM North America chief Marissa West has deep ties to automaker
via autonews.comWhile growing up, General Motors' first female North American president would collect brochures at the Detroit auto show and pretend to run her own dealership. -
Honda unveils $11B investment for EV assembly, battery output in Canada
via autonews.comThe company’s leadership was joined by a wide range of government officials, including Canadian Prime Minister Justin Trudeau and Ontario Premier Doug Ford, for the announcement. -
Continental fined $107M over role in diesel-emissions scam
via autonews.comGerman prosecutors issued the fine over the company’s participation in the scam via selling more than 12 million engine control units that automakers, including Volkswagen Group, used to manipulate emissions. -
2025 Ram 1500 RHO six-cylinder debuts as TRX V8 successor, Australia likely
via drive.com.auThe Ram 1500 TRX is dead, long live the RHO – a turbo six-cylinder successor with about 25 per cent less power, but a lower weight and price.The 2025 Ram 1500 RHO – the indirect turbocharged six-cylinder replacement for the Ram 1500 TRX supercharged V8 performance pick-up – has been unveiled in the US, but plans for Australia are yet to be disclosed.The axing of the V8 engine across the Ram 1500 ‘DT’ range in the US has claimed the life of the TRX, one of the world& -
Mazda previews Tesla Model Y rival with Chinese motor show concept
via drive.com.auThe Mazda CX-5’s electric counterpart has broken cover ahead of showroom arrivals next year – but it may never see roads outside of China.Mazda has unveiled a new concept at the 2024 Beijing motor show which previews plans for a rival to the Tesla Model Y, the world’s best-selling new car.The showroom version of the Arata concept is due in Chinese Mazda dealers sometime next year, and is expected to offer a choice of plug-in hybrid, or fully-electric power.However it may never -
China Motor Show 2024: Mazda previews Tesla Model Y rival with new concept
via drive.com.auThe Mazda CX-5’s electric counterpart has broken cover ahead of showroom arrivals next year – but it may never see roads outside of China.Mazda has unveiled a new concept at the 2024 Beijing motor show which previews plans for a rival to the Tesla Model Y, the world’s best-selling new car.The showroom version of the Arata concept is due in Chinese Mazda dealers sometime next year, and is expected to offer a choice of plug-in hybrid, or fully-electric power.However it may never -
China Motor Show 2024: Mazda previews Tesla Model Y rival with Chinese motor show concept
via drive.com.auThe Mazda CX-5’s electric counterpart has broken cover ahead of showroom arrivals next year – but it may never see roads outside of China.Mazda has unveiled a new concept at the 2024 Beijing motor show which previews plans for a rival to the Tesla Model Y, the world’s best-selling new car.The showroom version of the Arata concept is due in Chinese Mazda dealers sometime next year, and is expected to offer a choice of plug-in hybrid, or fully-electric power.However it may never -
Auto China 2024: Mazda previews Tesla Model Y rival with Chinese motor show concept
via drive.com.auThe Mazda CX-5’s electric counterpart has broken cover ahead of showroom arrivals next year – but it may never see roads outside of China.Mazda has unveiled a new concept at the 2024 Beijing motor show which previews plans for a rival to the Tesla Model Y, the world’s best-selling new car.The showroom version of the Arata concept is due in Chinese Mazda dealers sometime next year, and is expected to offer a choice of plug-in hybrid, or fully-electric power.However it may never -
China’s BYD unveils electric hot hatch concept, showroom version coming soon
via drive.com.auA new Toyota Corolla rival from BYD is due in Chinese showrooms later this year with a circa-$50,000 price – and the promise of a hot-hatch version.
BYD – which is battling with Tesla for the title of the world’s top-selling electric-car manufacturer – has unveiled a concept for a new electric hot hatchback aimed at the MG 4.The Ocean-M concept previews a high-performance version of an upcoming Toyota Corolla or Hyundai i30-sized hatchback from BYD, due in Chinese showroo -
China’s BYD unveils electric hot hatch concept at Beijing motor show, in showrooms soon
via drive.com.auA new Toyota Corolla rival from BYD is due in Chinese showrooms later this year with a circa-$50,000 price – and the promise of a hot-hatch version.
BYD – which is battling with Tesla for the title of the world’s top-selling electric-car manufacturer – has unveiled a concept for a new electric hot hatchback aimed at the MG 4.The Ocean-M concept previews a high-performance version of an upcoming Toyota Corolla or Hyundai i30-sized hatchback from BYD, due in Chinese showroo -
Auto China 2024: BYD unveils electric hot hatch, due in showrooms soon
via drive.com.auA new Toyota Corolla rival from BYD is due in Chinese showrooms later this year with a circa-$50,000 price – and the promise of a hot-hatch version.
BYD – which is battling with Tesla for the title of the world’s top-selling electric-car manufacturer – has unveiled a concept for a new electric hot hatchback aimed at the MG 4.The Ocean-M concept previews a high-performance version of an upcoming Toyota Corolla or Hyundai i30-sized hatchback from BYD, due in Chinese showroo -
Beijing Motor Show 2024: Mazda EZ-6 electric car to take on Tesla Model 3, not for Australia yet
via drive.com.auMazda has re-entered the electric-car race in China with a sleek new sedan. But it is another Chinese brand’s car underneath – and it is not expected to reach Australia, at least for the time being.Japanese car giant Mazda has unveiled its third-ever production electric vehicle – the EZ-6 – a mid-size sedan pitched at the Tesla Model 3 and BYD Seal.However it is heavily based on the Deepal SL03, a mid-size electric car sold by Mazda’s joint-venture partner in China, -
Auto China 2024: Mazda EZ-6 electric car to take on Tesla Model 3, not for Australia yet
via drive.com.auMazda has re-entered the electric-car race in China with a sleek new sedan. But it is another Chinese brand’s car underneath – and it is not expected to reach Australia, at least for the time being.Japanese car giant Mazda has unveiled its third-ever production electric vehicle – the EZ-6 – a mid-size sedan pitched at the Tesla Model 3 and BYD Seal.However it is heavily based on the Deepal SL03, a mid-size electric car sold by Mazda’s joint-venture partner in China, -
2024 Mazda EZ-6 electric car unveiled to take on Tesla Model 3, not for Australia yet
via drive.com.auMazda has re-entered the electric-car race in China with a sleek new sedan. But it is another Chinese brand’s car underneath – and it is not expected to reach Australia, at least for the time being.Japanese car giant Mazda has unveiled its third-ever production electric vehicle – the EZ-6 – a mid-size sedan pitched at the Tesla Model 3 and BYD Seal.However it is heavily based on the Deepal SL03, a mid-size electric car sold by Mazda’s joint-venture partner in China, -
2024 Mazda EZ-6 electric car to take on Tesla Model 3, not for Australia yet
via drive.com.auMazda has re-entered the electric-car race in China with a sleek new sedan. But it is another Chinese brand’s car underneath – and it is not expected to reach Australia, at least for the time being.Japanese car giant Mazda has unveiled its third-ever production electric vehicle – the EZ-6 – a mid-size sedan pitched at the Tesla Model 3 and BYD Seal.However it is heavily based on the Deepal SL03, a mid-size electric car sold by Mazda’s joint-venture partner in China, -
Youth car crime drops in Queensland
via drive.com.auState police said car offences perpetrated by minors have decreased in comparison to this time last year.The number of teenagers committing car-related crimes in Queensland has fallen by almost 8 per cent, new police data shows.According to Queensland Police, reported offences committed against property – which include vehicle theft, unlawful use of a vehicle, and breaking and entering – have declined by 7.8 per cent, from 11,163 in the first quarter of 2023 down to 10,294 between Ja -
GWM considers rival to Ford Everest, Toyota Fortuner for Australia
via drive.com.auIt’s larger than others in this segment – and only a five-seater – but GWM could add a ute-based SUV to its line-up in Australia.GWM Australia has revealed it is considering adding a new four-wheel-drive to its model range to compete against the likes of the Ford Everest, Mitsubishi Pajero Sport and Toyota Fortuner, among other ute-based SUVs.Based on the plus-sized GWM utes – including the Australia-bound Cannon Alpha, and Chinese-market King Kong Cannon – the Hava -
Ace of space: 2025 Mini Aceman electric car unveiled, due in Australia this year
via drive.com.auMini’s newest electric car is a Chinese-built VW Polo-sized hatchback marketed as a ‘crossover’ SUV, with up to 406km of claimed driving range.The 2025 Mini Aceman electric hatch has been unveiled ahead of the first Australian showroom arrivals between October and December this year.The Aceman is the final model in Mini’s new-generation electric-car range, slotting between the larger Countryman SUV and Cooper three-door hatch, both available with petrol or electric power. -
2025 Mini Aceman electric car unveiled, due in Australia this year
via drive.com.auMini’s newest electric car is a Chinese-built VW Polo-sized hatchback marketed as a ‘crossover’ SUV, with up to 406km of claimed driving range.The 2025 Mini Aceman electric hatch has been unveiled ahead of the first Australian showroom arrivals between October and December this year.The Aceman is the final model in Mini’s new-generation electric-car range, slotting between the larger Countryman SUV and Cooper three-door hatch, both available with petrol or electric power.
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