Auto Industry

Survey: 69% of Americans Aren’t Ready to Pay Subscription Fees for Normal Car Features

The growing “features on demand” (FoD) trend in the auto industry is upsetting American car owners, who are growing increasingly displeased with having to pay for extra car features via subscription. 69 percent of respondents to a recent survey indicated that they would probably switch car brands if they were forced to pay monthly fees for features like heated seats.

motor production

Auto Industry Icon Lee Iacocca Dead at 94

Lee Iacocca, the auto industry executive and master pitchman who put the Mustang in Ford’s lineup in the 1960s and became a corporate folk hero when he resurrected Chrysler 20 years later, has died in Bel Air, California. He was 94.

FILE - In this Feb. 2, 1989, file photo, Chrysler Corp. Chairman Lee Iacocca gestures while speaking about fourth quarter pre-tax earnings which are up 23.8 percent for the automaker at Grand Hyatt Hotel, New York. Former Chrysler CEO Iacocca, who became a folk hero for rescuing the company in …

Donald Trump Distinguishes Himself from GOP Field on Trade

As Donald Trump continues to surge in the polls, a staple of Trump’s campaign rhetoric remains his emphasis on bringing manufacturing jobs back to the United States and confronting foreign competitors like China and Mexico over their unfair trading practices.

REUTERS/Rebecca Cook

New York Times Uses Discredited Report to Attack Auto Loan Industry

In a Saturday editorial board piece, The New York Times scolded the auto loan industry, proclaiming that its practices are a “bastion of predatory lending and racial discrimination.” And emulating its favorite leftist, Massachusetts Sen. Elizabeth Warren, the Times relies on a thoroughly discredited “study” that features the unsupported claim that auto loans cost Americans nearly “$26 billion” in unfair charges a year.