AD #4161 - Car Loan Fraud Hits Record Highs; GM, Ford to Launch Families of Affordable EVs; Autoline Poll Results on AI in Cars
About this episode
Delinquencies on US car loans have surged, driven by a sharp rise in auto loan fraud, with losses per vehicle far exceeding credit card fraud. Porsche names Michael Lyders as new CEO amid shareholder concerns. Tesla faces shareholder pushback over Elon Musk's pay package. GM plans to compete with Chinese automakers by developing advanced lithium manganese rich batteries, enabling a new family of affordable EVs by 2028, sparking a potential battle with Ford's EV lineup. European automakers are partnering with Chinese firms to manage costly CO2 fines. Apple secures US streaming rights for Formula One races. A poll reveals mixed feelings about generative AI in cars, with privacy concerns dominating.
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