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...Negative equity — when the amount of debt owed exceeds the vehicle’s worth — is becoming more commonplace, according to credit report group TransUnion and market researcher JD Power....
...And yet in 2021, the same McKinsey survey showed nearly 60 per cent of industry leaders expected North America to beat China in developing driverless car technology....
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...Return of Trump The FT writes about how the least divided place in America feels about the inevitability of Trump’s return....
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...“We know that lenders were rather aggressive during that period,” said Amy Martin, who tracks auto loans for S&P. “The 2022 vintage is definitely worse than prior years.”...
...Joe Biden’s relationship with corporate America is complicated as he courts executives with listening sessions but bristles them with his tax and regulatory plans....
...With the IRA offering tax credits to purchasers of EVs assembled in North America, Hyundai is building a $7.6bn plant in Georgia, the largest investment of any carmaker in a new US electric vehicle factory...
...Alongside America’s highways, billboards jostle for drivers’ attention....
...Pham Nhat Vuong, chair of VinFast Auto, has added billions of dollars to his net worth thanks to the success of the Vietnamese electric-vehicle maker’s New York listing....
...Pogust Goodhead has previously received two rounds of funding totalling £150mn from NorthWall Capital, a London-based credit specialist....
...Terms of the transaction weren’t disclosed but are not material for Manulife’s investment management business, which is particularly strong in North America and Asia....
...He added: “The question any Trump administration will have to face is: do they really want to be the authors of the downfall of the US auto industry?”...
...The worst hit are those with near-prime credit ratings between 660 and 720. Credit scores in the US range from a low of 300 up to 850....
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...It is further seen in alarming credit trends metastasising on leveraged balance sheets....
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...From an exhibit attached to an S-1 it filed last year: PishPosh Baby LLC (“Borrowed’) promises to pay Moishe Hartstein (“Noteholder”) in lawful money of the United States of America, the amount of $1,000,000.00...
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