Happy Tuesday! It’s December 26, 2023, and this is The Morning Shift — your daily roundup of the top automotive headlines from around the world, all in one place. Here are the important stories you need to know. Ed Begley Jr. On The Past And Present Of Electric Vehicles 1st Gear: 2024 Will Be A … Read more
The country with the highest drunk driving rate in Europe has been sending confiscated cars to Ukraine to help in the war effort against Russia for over a year now and, by Christmas Eve, the country managed to move another 271 cars to frontline fighters, and that’s not all. The Dirtiest Things On An Airplane … Read more
Edward Scott Rock, a Philadelphia used car dealer, was arrested last week by federal authorities on charges of mail and wire fraud. Rock is accused of accepting payments from around 120 buyers across 36 states but failing to deliver a vehicle. Most of the vehicles involved were accessible for seniors, wheelchair users and people with … Read more
Photo: Joe Raedle (Getty Images) When travel bans lifted and the activities of the world resumed in the wake of the COVID-19 pandemic, the folks who had been confined to their homes were eager to hit the road — and they haven’t stopped. This year, the car rental industry earned a record-breaking $38.3 billion, according … Read more
The new financial year is here — which means a raft of changes is set to impact Australians’ home budgets. From July 1, millions of Australians will receive a weekly pay increase of about $47 as minimum and award wages are bumped up to catch up with rising inflation and cost of living expenses. WATCH … Read more
When the world shut down in early 2020, the whole idea of “driving a car” ground to a halt for a lot of people. All those hours that would’ve been spent commuting, stuck in traffic, were now spent at home nurturing sourdough starter. But while the amount Americans drive has yet to reach the heights of … Read more
Australian borrowers face falling off a “mortgage cliff” as their fixed rates expire and the Reserve Bank of Australia’s repeated hikes to the cash rate set in. Analysis by finance comparison website Canstar shows fixed rate borrowers could see their monthly repayments rise by up to 63 per cent overnight. WATCH THE VIDEO ABOVE: Sunrise … Read more
With tax time fast approaching, you may be planning to spend this year’s refund on a holiday, shopping spree or simply to catch up on bills. But as Australians dream big about their potential cash boost, the tax office has warned you could be greeted with a big shock following the end of the low … Read more
Interest rates on some Australian savings accounts could soon surpass six per cent, but one financial expert has issued a warning to savers weighing up a tempting switch. A dozen banks are currently offering customers savings rates above 5 per cent and there are forecasts savings rates could hit 6 per cent in the coming … Read more
Australian mortgage holders can breathe a sigh of relief following the Reserve Bank of Australia’s decision to pause cash rate hikes. The RBA met on Tuesday and decided not to hike the cash rate for only the second time since last May. WATCH THE VIDEO ABOVE: Economists make their rates predictions as threat of recession … Read more
