Volkswagen’s captive finance division will stop writing loans for VW and Audi vehicles in the U.S. In the manufacturing world, the UAW has filed an unfair labor practice charge against Stellantis over production of the Dodge Durango.
Those are two of the top five stories of the week as determined by Automotive News reader interest.
Volkswagen will no longer write U.S. Audi and VW loans through its in-house captive finance company, Volkswagen Financial Services, and instead send that business to Wells Fargo starting in April.
The UAW said Stellantis is trying to move production of the Dodge Durango outside the U.S., one of several recent actions by the automaker that the union argues violates the labor contract they signed last fall.
Car buyers in Silicon Valley, where Tesla was born, are turning away from the brand as its models grow stale, EV competition heats up and the liberal majority there rebuffs CEO Elon Musk’s rightward political shift, according to industry analysts and the most recent vehicle registration data.
Stellantis stepped further into electrification in 2024 with the debut of several electric vehicles in North America, and even more are on the way in the next several years.
Volvo has revealed a renewed product road map to its U.S. and Canadian retailers as the Swedish brand leans away from a full tilt toward a zero-emissions future.
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