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Tesla launches limited-time 0.99% APR loan rate on U.S. Model Y orders

Teslarati

On Friday night, Tesla launched the promotional financing on its website for the Model Y, offering a 0.99 percent APR interest rate for buyers who finance the electric vehicle (EV) on an order placed by May 31. Tesla has also launched a number of buying incentives in recent months, and especially leading up to the end of Q1.

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FCA proposes 50:50 merger with Groupe Renault

Green Car Congress

Groupe Renault has a strong presence across Europe, Russia, Africa and Middle East, while FCA is uniquely positioned in the high margin segments in North America and is a market leader in Latin America. Groupe Renault also has a well-established and profitable financing business (RCI Banque).

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AlixPartners study finds post-crisis auto industry facing new set of challenges; sales projected below historical levels for foreseeable future

Green Car Congress

AlixPartners also estimates that on-going unemployment and underemployment could cost the auto industry up to 1.5 According to the study, historically, approximately one of every five vehicles sold is financed by home-value appreciation, a ratio that’s likely to decrease with the continuing stagnancy in home values.

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Elon Musk considers South Korea for next Tesla Gigafactory location: report

Teslarati

Canada has been working on becoming the global auto industry’s “supplier of choice.” ” The country is well-positioned to be a strong contender as a top EV supplier in North America, especially after the United States passed the Inflation Reduction Act (IRA). Tesla Gigafactory in South Korea.

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ZF opens state-of-the-art technology centre in Mexico | Autocar Professional

Baua Electric

Global technology company ZF officially opened the campus that will house four corporate function hubs for North America and the company’s first R&D centre in Mexico, on April 4, 2024. Martin Fischer, President of ZF North America and member of the Board of Management, emphasized the relevance of the Monterrey campus.

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Musashi appoints Naoya Nishimura as CEO for India, Africa region – ET Auto

Baua Electric

Naoya Nishimura as CEO for India, Africa region New Delhi: Musashi Auto Parts India Pvt Ltd (Musashi), a 100% owned subsidiary of Musashi Seimitsu Industries, Japan, and a manufacturer of two-wheeler and four-wheeler transmission components in India, has appointed Naoya Nishimura as its Chief Executive Officer (CEO).

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GM Reaches Agreement with China-based Pacific Century Motors on the Sale of Nexteer Automotive

Green Car Congress

The sale better enables Nexteer to take advantage of anticipated growth in the global auto industry with a variety of automakers. E-Town is a state-owned enterprise serving as the financing and investing arm of the Beijing Municipal Government with a focus on investing in global technology companies.

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