automotive

Truist Sells $5.5 Billion Auto Loan Portfolio to Pursue Higher Profits

Truist Sells $5.5 Billion Auto Loan Portfolio to Pursue Higher Profits
Truist Sells $5.5 Billion Auto Loan Portfolio to Pursue Higher Profits
September 15, 2026  |  Loans

Truist Financial, a top 10 commercial bank in the United States in terms of assets, disclosed Tuesday (Sept. 15) that it is selling $5.5 billion...

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Ford and GM Use Agentic Data to Drive Subscription Revenue
Ford and GM Use Agentic Data to Drive Subscription Revenue
August 21, 2026  |  Artificial Intelligence

Artificial intelligence (AI) could give automakers something they have spent years trying to build: a way to keep making money from a vehicle long after...

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Autonomy’s New CEO Is Going After the Drivers Leases Don’t Fit
Autonomy’s New CEO Is Going After the Drivers Leases Don’t Fit
August 20, 2026  |  Subscriptions

Watch more: Need to Know With Autonomy’s Fred Weick Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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Hyundai Cuts Crash Test Review Time by 90% With AI
Hyundai Cuts Crash Test Review Time by 90% With AI
August 19, 2026  |  Artificial Intelligence

Hyundai Motor Group said in an Aug. 12 press release that artificial intelligence (AI) has cut the time its engineers spend searching for and reviewing...

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Splitit and 1stMILE Unlock Card-Linked Installments for Auto Repairs
Splitit and 1stMILE Unlock Card-Linked Installments for Auto Repairs
August 07, 2026  |  BNPL

Automotive service providers that use 1stMILE’s automotive commerce platform can now offer their customers Splitit’s flexible point-of-sale installment payments. Get the Full Story Complete the...

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AutoNation CEO Bets Affordability and Resilient Buyers Will Fuel Rebound
AutoNation CEO Bets Affordability and Resilient Buyers Will Fuel Rebound
July 31, 2026  |  Earnings

Automotive retailer AutoNation has found that the industry and consumers are “in good shape,” despite declines in sales volume and profit that the company saw...

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Carvana Slashes Customer Service Costs Through AI Agent
Carvana Slashes Customer Service Costs Through AI Agent
July 30, 2026  |  Earnings

Automotive eCommerce firm Carvana’s continuing rollout of software platforms across its operations contributed to the company’s record second-quarter results, Carvana President, CEO and Chairman Ernie...

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Blue-Collar Workers Turn to AI, One Photo at a Time
Blue-Collar Workers Turn to AI, One Photo at a Time
July 27, 2026  |  Artificial Intelligence

An automotive technician photographs a diagnostic error code and asks an artificial intelligence model what it means before touching a wrench. Get the Full Story...

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