How the Fed's rate cut will impact auto loans

It will take a lot more than the single rate cut from the Fed to make a notable difference in auto loan rates. Since 2022, the higher rates have pushed the average new vehicle loan payment up $108 a month to $967, analysts found.

Volvo drops plan to go fully electric by 2030, hybrids to remain

Volvo has revised its 2030 plan to go fully electric, citing slowing demand for EVs and rising consumer interest in hybrids. The automaker now expects 90% to 100% of its 2030 sales to be electric or plug-in hybrids, with mild hybrids making up the remainder.