“Someone will get hurt in auto lending,” but not JPMorgan, Dimon, 60, said Thursday during an investor presentation in New York. JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said the market for U.S. automobile lending is “a little stressed” and that he foresees higher losses ahead for some competitors. Americans surged into dealers’ […]
Yellen, speaking at Harvard University, stopped short of giving an explicit hint that the Fed would act next month. Oil slipped after touching $50 a barrel this week for the first time in six months. The dollar strengthened versus almost all major peers on Friday, while Britain’s pound gained for a second week on increasing […]
The model will be available from September and be the first of a new category of vehicles for the automaker that’s fully integrated to the internet, according to Gu Feng, SAIC’s financial controller. Among its functions, the Roewe RX5 SUV will be able to suggest alternative routes with road closures or traffic congestion, provide directions […]
The company said Wednesday it will open a self-driving technology development center in Novi, Michigan, a city about 30 miles from downtown Detroit. Google is expanding efforts to make autonomous cars at a time startups such as Uber Technologies Inc. and Comma.ai, as well as established companies like General Motors Co. are investing in the […]
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