DETROIT - Falling electric vehicle (EV) prices are leaving a growing number of drivers in negative equity, a top dealership chain has warned. Vertu Motors said on Wednesday that car retailers were coming under pressure as EVs coming off financing agreements were found to be worth less than the loan they are attached to. In most
CALIFORNIA - The graying of the U.S. workforce is gaining momentum. A Pew Research survey found nearly a fifth of Americans age 65 and older were employed in 2023, nearly double the three decades prior. Employees 55 and older will constitute over a quarter of the global workforce by 2031, according to an analysis from Bain & Co. last
SAN FRANCISCO - In the last several decades, technology has undergone significant evolution. It's not just computers and smartphones that are now connected to the internet. Everyday items like light fixtures, televisions, large household appliances, vehicles, and even doorbells are becoming part of the online network. Artificial Intelligence, in particular, stands out as potentially the
PLYMOUTH - Rivian, the electric vehicle startup that’s gearing up for an initial public offering, continues its trend of growing fast. The company will be opening in Plymouth, a service support operations facility for vehicle owners -- and just in time, as deliveries of the launch edition of the R1T pickup are expected to commence soon.
