Market share

Secretary Bessent waives US auto loan deduction

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Secretary Bessent waives US auto loan deduction

On Wednesday, Jan. 7, US Treasury Secretary Scott Bessent addressed a major headwind to the US auto industry — affordability — saying the administration is working on a significant tax cut that could help many buyers. The move is surprising given that President Donald Trump very recently called the affordability crisis in the US a … Read more

General Motors makes a tough decision that affects more than 1,000 workers

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General Motors makes a tough decision that affects more than 1,000 workers

The US EV market hasn’t taken off like many predicted. After years of government subsidies and corporate nudges, 2025 was the year EV dreams collided with reality. Consumers flocked to car dealerships in record numbers to buy electric vehicles before the $7,500 tax credit expires in September. 2025 (by September): over 1 million units, 10.5% … Read more