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General Motors

Title: US Owed Most Debt to China: Report Reveals Shift in Lending

by Lucas Fernandez – World Editor November 23, 2025

written by Lucas Fernandez – World Editor

Breaking: U.S. Holds Largest Share of China‘s⁢ $2.2 Trillion in Global Loans

Jakarta – New data reveals the United States is the largest recipient of loans‍ from China, a ‍shift‍ indicating Beijing is increasingly financing projects in high-income nations⁣ rather⁤ than developing ⁤countries.

A report published by AidData,a research laboratory at the University of William & Mary,details China’s lending and grant activity totaling $2.2 trillion (approximately IDR 36,740 trillion, using an exchange rate of IDR 16,700) extended to 200 countries between 2000 and 2023.

While previously ⁤recognized for its lending through the Belt and Road Initiative to developing nations, China is now directing funds toward strategic infrastructure and high-tech ‍supply chains – including semiconductors,⁤ artificial intelligence, and ‌clean energy ⁢- in more developed economies.

AidData ⁤estimates the total size of⁤ China’s loan portfolio is two to four times‍ larger‌ than previously ‌understood, solidifying its position as the world’s largest debt provider.

The report indicates‌ that ‌over three-quarters of China’s foreign lending now supports projects in upper-middle- and high-income countries. Chinese creditors have provided ‍credit facilities ⁤to‍ major Fortune ⁣500‍ companies, including Amazon, AT&T, Verizon,‍ tesla, General Motors, Ford, Boeing, and Disney, and ⁣have financed acquisitions of high-tech⁣ companies.

Loans to low- and lower-middle-income countries have decreased from 88% in 2000 to 12% in 2023, with a corresponding reduction in funding for infrastructure projects within the “Global South” under⁢ the Belt and Road Initiative.

Conversely, support for middle- and high-income countries‍ has risen from 24% ⁤in 2000 to 76% in 2023. The United Kingdom has received ⁣$60 billion,while the European Union has received⁤ $161⁣ billion.

Responding to a request for comment, China’s Foreign Ministry stated its overseas investments and financing adhere to international standards.‌

“This loan complies with international practices,⁤ market principles and debt ‌sustainability principles,” the Ministry said, as quoted by Reuters on November 23, 2025.

November 23, 2025 0 comments

Business

Title: GM’s Affordable Electric Car Strategy: Bolt Leads the Way

by Priya Shah – Business Editor November 18, 2025

written by Priya Shah – Business Editor

GM Shifts ⁣Gears: Affordable EVs are the⁤ Future, Starting with a Revived Bolt

General Motors is ⁢signaling a major strategic shift towards accessible electric vehicles, with the upcoming Chevrolet Bolt revival being just the first step. GM President ‌Mark Reuss, speaking on the “Plugged-In” ‌podcast,‍ announced plans for a “family” of affordable EVs‍ designed to⁤ broaden the appeal of electric mobility.

The 2027 Bolt, expected early next year‍ with a starting price of $29,990, will be more than just a refresh. It will feature a new‍ 65 kWh lithium iron phosphate‌ (LFP) ⁣battery, substantially reducing production costs. This move towards LFP (and perhaps lithium manganese (LMR)) battery ⁤chemistry – known for its ⁢stability and lower cost – will be central⁢ to GM’s affordability ‌strategy across its future EV lineup.

GM isn’t limiting itself to simply rebranding‍ the Bolt. The company intends to develop a diverse range of models, all targeting the $30,000 price⁤ point (with some variation), to cater to different consumer needs and preferences. This strategy aims ⁣to⁣ fill gaps in⁤ the market where affordable EV options are⁢ currently limited.

One key area‍ of focus is the compact electric‍ pickup truck segment. Recognizing‌ the success of smaller, gasoline-powered trucks like the ⁣ford Maverick, GM sees a significant chance to offer an⁢ electric alternative around $30,000. While competitors like Ford and startup Slate are also exploring this space, GM believes it can establish a ‌strong foothold in this⁤ largely untapped market.

Beyond pickups, GM is also planning a compact electric crossover to succeed the limited-run Bolt, positioning it as a more affordable option than the Chevrolet Equinox EV. This commitment to lower-cost‍ EVs, driven by innovative battery technology and a new platform architecture, underscores GM’s dedication to making electric ‌vehicles accessible to a wider range of‍ buyers without compromising on quality or technology.

November 18, 2025 0 comments

Technology

GM Software Chief Dave Richardson Leaves Amid Tech Restructuring

by Rachel Kim – Technology Editor November 1, 2025

written by Rachel Kim – Technology Editor

GM Software & Services Engineering Head Departs ‍Following Restructuring

DETROIT ⁤ – Dave Richardson, senior vice president of software and services⁣ engineering⁤ at General Motors, is leaving the company, GM announced Friday. The departure⁢ comes just a week after Richardson appeared alongside CEO mary Barra at ⁤a New York event showcasing GM’s advancements in autonomous driving and artificial intelligence.

Richardson joined GM ⁤in September 2023 and assumed his current role⁣ in June 2024. GM stated the move is a result of organizational restructuring ‌and does ‌not signal⁣ a shift in the⁤ company’s overall technology strategy.

“We’re changing the structure of the Software and Services Engineering team to accelerate how we develop and deliver technology experiences to our customers and the company,” GM said in⁤ a⁣ statement.”as part of this change,we are bringing together vehicle software⁤ engineering and Global⁣ Product under ‌one⁢ association,lead by Sterling⁣ Anderson. David Richardson has elected to step down from‌ his role at GM, and we thank⁣ him for ⁢his contributions.”

Anderson was appointed chief product officer in June, bringing experience from tesla, were he led the Model X and⁤ Autopilot programs, and⁤ Aurora, a self-driving commercial vehicle⁢ company.

Both Anderson and Richardson were based at GM’s Mountain View Technical Center in California, opened in ‍May 2024 as part of⁢ an ‍effort to attract tech talent and modernize ‍the automaker’s image.

Prior ⁢to GM, Richardson spent 12 years at Apple, leading engineering teams for services including iCloud, ⁢FaceTime, and Siri.

November 1, 2025 0 comments

Business

Title: GM Financial Sells $2 Billion Auto Loans to Private Investors

by Priya Shah – Business Editor October 16, 2025

written by Priya Shah – Business Editor

GM⁣ Financial Secures $2 Billion‍ in Funding Through Private Loan Sale

DETROIT – GM Financial has completed a‌ $2 billion private sale of⁤ auto loans, turning to non-public markets ⁣for‌ funding, according to a report by Bloomberg. The transaction, overseen by Goldman Sachs Group⁤ Inc., involved loans made to prime ‍borrowers with strong credit profiles.

The private sale highlights increasing investor appetite for high-quality ⁣private credit, an asset class that has broadened beyond conventional corporate lending to encompass mortgages, installment loans, and other‌ debt instruments. Private credit funds have amassed billions of dollars to invest in thes assets, seeking comparatively safer returns than those offered‌ by riskier corporate loans. industry estimates suggest the private credit market could ultimately reach $40 trillion, significantly exceeding the current $1.7 trillion direct lending market.

This deal is notable as GM‍ Financial is a frequent issuer⁤ in public markets, recently completing‌ a nearly $1 billion prime auto loan offering in August. Market⁢ observers point out that while private sales are less common ‌for large⁣ auto lenders, they provide‍ a quicker funding route and demonstrate to credit rating agencies a company’s diversified access to capital, bolstering its creditworthiness.

The move comes as ⁢GM Financial’s public asset-backed securities (ABS) issuance has slowed.Through 2025 to date,the company has sold $5 billion of ABS backed by auto loans,a decrease from annual‍ sales of at least $8 billion over the prior five years. Furthermore,its vehicle ⁤for selling bonds backed by subprime loans,the AmeriCredit⁢ Automobile Receivables Trust,has not completed any deals this year.

Despite the growing popularity ⁣of private⁤ credit, some wall Street analysts are urging⁤ caution,⁢ citing the potential for hidden vulnerabilities within the ⁢less obvious “shadow lending” system, particularly in the ⁣event of an economic downturn.

October 16, 2025 0 comments

World

EV Tax Credit Disappearance: Impact on Auto Industry & Consumer Costs

by Priya Shah – Business Editor October 1, 2025

written by Priya Shah – Business Editor

The Shifting⁣ Burden: Tax Incidence‌ and the EV Market

Recent changes in Illinois tax law and the expiration of federal EV tax‍ credits offer a⁢ clear illustration of a fundamental economic principle: tax incidence -‌ who actually bears the cost of a tax, regardless of who is legally responsible for paying it.

In Illinois, a new $0.50 tax is being applied to each sports betting wager made⁣ through apps like ‌DraftKings and FanDuel. While the‍ tax is levied on the betting companies, they ⁤are choosing ⁣to pass this cost directly onto consumers in the form of a ⁢$0.50 surcharge per bet. This demonstrates ‌a clear shift in tax incidence from the companies to their customers, increasing the overall cost of each wager.

A similar dynamic is unfolding with the‌ federal $7,500 EV tax credit, which ended ⁢on October 1st. Consider a Tesla Model Y, previously effectively priced ⁤at $40,000 with the credit factored in, now reverting to its standard $47,500 price tag. This $7,500⁤ increase presents ⁣a⁤ challenge for⁤ EV manufacturers like Tesla.

They‌ face a‌ critical decision: absorb the cost of the lost tax credit and maintain current pricing, potentially sacrificing profit margins, ⁤or maintain their existing prices, leading to a likely decrease in demand as EVs become less affordable. If tesla⁤ chooses to‍ keep prices the same, a decline ‍in sales due ‌to the higher price would ultimately translate to lower earnings. Conversely, absorbing the cost directly⁤ impacts their profitability.

Regardless of the path chosen, EV manufacturers ‍are poised⁣ to experience a reduction in earnings. The key for ⁣these companies will be to carefully balance⁢ the ‌impact ⁢of this shifted tax incidence.

As reported by CNBC, ⁤the automotive industry is now bracing for‍ a ‍”new baseline demand” for electric vehicles. Without ⁢the federal‌ incentive,‌ manufacturers must assess how ‌sensitive consumer demand is to price increases and decide whether ⁣to lower retail prices or pass the cost onto buyers. The expiration of the EV tax credit represents ‍a significant hurdle for the industry as it strives to maintain its growth trajectory in a more ⁢competitive‌ landscape.

October 1, 2025 0 comments

Business

Acura ZDX Discontinuation: Why the Luxury EV is Being Scrapped

by Priya Shah – Business Editor September 28, 2025

written by Priya Shah – Business Editor

Acura to discontinue ZDX Electric ⁢SUV Amid Tax Credit Changes

Acura ‌will discontinue its ZDX electric SUV following the September 30th⁤ expiration of the federal EV tax credit, according to an internal memo obtained by USA Today.⁢ The decision highlights the meaningful impact of shifting government policies on the electric vehicle market ⁣and underscores the importance of incentives in consumer adoption.

The Acura ZDX, priced starting at $64,500, currently qualifies for a $7,500 federal tax credit. Though, with the incentive’s impending removal, Acura believes the ZDX’s value proposition diminishes against competitors, particularly its sister vehicle, ⁣the Honda Prologue. The⁢ Prologue, starting at $47,400, offers a similar 308-mile range and 220‍ horsepower, making it a more attractive option without the tax benefit.The ZDX boasts 358 horsepower and ⁢a 313-mile range.

Acura attributed the decision ⁢to “recent policy changes impacting EV production⁢ and sales” in the‌ internal dialog. The elimination of the tax credit effectively levels the playing field,making more affordable EVs like the Prologue – which offers comparable features for a lower price point – more competitive. A fully-equipped Honda Prologue Elite trim, including⁢ all-wheel drive, heated/ventilated seats, and a head-up display, is available for $57,900.

The ZDX’s discontinuation demonstrates the sensitivity of the EV market to government incentives and signals a potential shift in manufacturer strategies as policies evolve. Consumers considering an Acura ZDX should finalize purchases before September 30th⁣ to take ⁤advantage of the⁤ $7,500 tax credit.

September 28, 2025 0 comments

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