Tuesday, November 3, 2026
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Auto industry
Starting in Germany in 2027, with other countries later, BMW will add route-guided Level 2 assistance that can handle turns, urban lane changes, right-of-way situations and roundabouts while the driver stays attentive; the hardware is already standard on the iX3, iX4, 3 Series, 7 Series and X5, with the software arriving over the air, and type approval under UN R171 is expected early in 2027, per BMW (Nov. 2). Link
The other stories from Tuesday, November 3, 2026.
Kia America sold 80,008 vehicles in October, 16% above its previous best October, as retail volume climbed 20% to 68,926 and hybrid sales more than doubled (up 114%); Telluride gained 63% and EV9 111%, extending its record streak to six…
Read the full summary →Supplier Schaeffler plans to eliminate about 3,460 positions in Europe, roughly 2,660 of them in Germany, closing five sites including Dortmund (combustion-engine parts), Morbach, Berlin, Schwalbach and Herstal, Belgium, and cutting…
Read the full summary →State and local records describe a possible second phase at Audi's planned Middle Georgia plant that would add $3 billion and 3,000 jobs to the announced $4 billion, 4,500-job first phase, backed by a likely incentive package of more than…
Read the full summary →Across Q3 reports from publicly traded dealer groups, parts and service supplied 54% of gross profit; sales-weighted new-vehicle gross per unit fell 6% year over year to $2,703, used gross per unit rose 4.7% to $2,392, and combined…
Read the full summary →At its Nov. 3 strategy update, CarMax said CarMax Auto Finance will expand into Tier 2 credit in stages, aiming to capture 40% of CarMax's Tier 2 volume by fiscal 2030 versus 10% in Q2 of fiscal 2026, with upfront loss provisions weighing…
Read the full summary →In the Fed's October loan officer survey (third-quarter conditions), banks left auto loan standards little changed on net but raised minimum credit scores, while a net 12.5% reported weaker auto loan demand, the sixth soft-demand reading…
Read the full summary →Outstanding U.S. auto debt reached about $1.7 trillion, up 3.3% from a year earlier, while the share of accounts 60-plus days late fell to 1.7%; first-half originations dipped 1.9% to 12.8 million loans even as balances originated rose…
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