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CDK Global, a vital software provider little known outside the auto industry, was hit by a hack two weeks ago — impacting much of the car-selling industry in the U.S. One South Florida-based auto giant said the effect has been "massive."
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Auto loan borrowers with credit scores between 501 and 600 are being squeezed the most by record-high monthly payments and heightened competition in the used-car market.
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Unfair labor practice charges have previously been filed against Tesla, Musk and other company executives for allegedly blocking union organizing attempts at the company.
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Car buyers today continue to face fewer choices and much higher prices — and cheap vehicles are especially hard to find. It's not just that there are fewer cars; the ones being made are fancier, too.
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A surge in prices of used cars was a major driver of inflation again in June, but there are some signs those price hikes may be shifting into reverse.
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A global shortage of semiconductor chips has impacted the manufacturing of cars, electronics and appliances.
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The auto industry is embracing the pivot toward electric vehicles. Will consumers hop on board? Ford is introducing an electric F-150 pickup, called Lightning, at a pivotal moment.
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The electric automaker plans to start building cars outside Berlin this summer, threatening to upend Germany's traditional combustion engine car culture. It's Tesla's first European production site.