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Police: Finance supervisor scammed consumers

Baua Electric

A former finance supervisor at an AutoNation dealership in Florida scammed consumers out of just about $180,000 in money they gave him for cars that he by no means produced, police say. The criminal fees he’s going through, together with lavish robbery, relate to his earlier process at AutoNation Honda Miami Lakes.

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April auto gross sales defy financial hesitancy

Baua Electric

Stated Zack Krelle, an analyst with TrueCar: “Interest rates on vehicle loans appear to be plateauing as manufacturers offset higher financing costs with increased APR-based relief.” Honda Motor Co., Honda posted its greatest achieve since June 2021 with a 25 p.c Honda Section rose 25 p.c,

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Asahi Kasei to build Li-ion battery separator plant in Canada – Charged EVs

Baua Electric

Canadian separator business company ES Materials Canada and E-Materials Canada, its local manufacturing company responsible for plant construction and manufacturing, will provide financing. Source: Asahi Kasei The post Asahi Kasei to build Li-ion battery separator plant in Canada – Charged EVs appeared first on Bauaelectric Auto News.

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Fisker (FSR) stock falls after failing to make an interest payment, pauses EV production

Baua Electric

Fisker looks to get its finances in order after failing to make an interest payment. The EV maker did get a commitment for up to $150 million in financing, but will it be enough? The move is to “align inventory levels and progress strategic and financing initiatives.” However, Nissan has since partnered with rival Honda.

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The Six People You Meet In the Car Business

The Truth About Cars

Having worked for car dealerships, manufacturers, an auction house, and an auto finance company, I’m convinced there is no other industry that attracts& such a diverse cast of characters. I first met& “Perry” at a Honda dealership& in Louisiana in 1986. & These are their stories. This can lead to problems.

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Telo truck, Land Cruiser’s US go back: Automobile Information Headlines

Baua Electric

Honda CR-V: Evaluate Crossover SUVs GM to finish Corvette Racing program Ford Maverick and Retirement hybrids recalled for engine failure The post Telo truck, Land Cruiser’s US go back: Automobile Information Headlines appeared first on Bauaelectric Auto News.

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Cars24 registers 42% used car sales growth in CY23, five-fold growth in EV inquiries | Autocar Professional

Baua Electric

Cars24 also registered a significant 77 percent increase in the sales of used automatic-transmission cars in CY23, with the Honda City, Maruti Suzuki Celerio and Baleno, Renault Kwid, Tata Nexon, and Hyundai Creta being the top-selling automatic cars in the used car market last year. Maruti was followed by Honda and Hyundai.

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