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How the Fed's rate cut will impact auto loans

The Federal Reserve cut interest rates for the first time in four years on Wednesday, which will directly impact auto loan rates — but don't expect a big change anytime soon.

Volvo reverses goal to make only EVs in 2030

Volvo announced that it is moving away from its goal of making only electric vehicles by 2030 and is now aiming for 90% to 100% of its vehicles to be fully electric EVs plus hybrids.