Car Wolrd - A car blog, covering car evaluation, new car, and car loan...

The world is changing in profound ways. Artificial intelligence, automation and robotics are eliminating traditional jobs, while at the same time millions of new occupations are being created by innovative entrepreneurs. Meanwhile, climate change disrupts...

BMW AG earnings jumped to beat expectations after higher vehicle prices and prioritizing money-spinning models like the $75,000 X7 SUV helped the company offset output reductions due to the dearth of chips.
Group earnings before tax surged 50% to 2.9 billion euros ($3.4 billion) in the third quarter, BMW said Wednesday, compared with an average analysts’ estimate of 2.5 billion euros. The chip supply woes that have hampered the entire industry will remain...

Owning a car is no longer a status symbol. Many customers, especially digital natives, prefer leasing and are starting to lean more toward a subscription-based model, in which they only pay for what they use. They don’t want the hassles, the maintenance...

Cost of funds is inching up in the asset-backed securities market after more than a year of record lows amid the COVID-19 pandemic. Prime and subprime auto lenders have benefitted from low costs of funds, which are now showing increases, S&P Global...