Tag: US economy
Hyundai plans to modify vehicle software to support over-the-air updates by...
At Hyundai Motor Group's global forum dubbed "Unlock the Software Age," the Korean automaker announced plans to transform its entire lineup of vehicles into...
Honda, LG choose Ohio for new $4.4 billion EV battery plant
A new production facility jointly owned by Honda Motor and LG Energy Solutions finally has a future location. This week, the companies announced plans...
JPMorgan Chase CEO Jamie Dimon predicts US recession in 6 to...
JPMorgan Chase CEO Jamie Dimon made predictions about a future economic recession while speaking to CNBC's Julianna Tatelbaum on Monday. Dimon said a "very...
What the latest Fed interest rate hike means for auto dealers...
Today on CBT Now, we're joined by Ryan Kerrigan, Managing Director of Kerrigan Advisors, to update us on what the recent interest rate hike...
Fed raises interest rates by another 0.75 points to curb US...
In a highly anticipated move, the Federal Reserve raised benchmark interest rates by another three-quarters of a percentage point on Wednesday and indicated that...
The Fed will likely get more aggressive in tackling inflation this...
A number of recently released reports show a combination of positive and negative outlooks for the economy and labor market, just ahead of another...
New Jersey dealer Tom Maoli on inflation, EVs, interest rates, and...
Welcome to another edition of Inside Automotive with Jim Fitzpatrick. Today, we're pleased to welcome back Tom Maoli, President and CEO of Celebrity Motor...
Fed officials likely to hike interest rates another 0.75 percentage point
On August 26, in Jackson Hole, Wyoming, Federal Reserve Chairman Jerome Powell made a public pledge to reduce inflation, even at the expense of the...
US adds 315,000 jobs in August, unemployment creeps up to 3.7%
The Bureau of Labor Statistics released a new report on Friday, which showed that despite a still struggling unemployment rate, the country saw some good news regarding...
Interest rate hikes drive monthly loan and lease payments to 4-year...
In an effort to curb out-of-control inflation, the Fed's recent interest rate hikes are starting to be felt by dealers and consumers alike. However,...
