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Exclusive-GM turns to supplier to build initial EV vans while it readies plant in Canada -sources

Exclusive-GM turns to supplier to build initial EV vans while it readies plant in Canada -sources
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U S consumers borrow more for longer to drive trucks and SUVs

U.S. consumers borrow more for longer to drive trucks and SUVs Reuters 1 hr ago © Reuters/Chris Helgren Chevrolet Equinox SUVs are parked awaiting shipment near the General Motors Co (GM) CAMI assembly plant in Ontario DETROIT (Reuters) - U.S. consumers borrowed more for longer in the first quarter of 2021 so they could drive more expensive trucks and sport utility vehicles, according to a new Experian study of auto credit market trends. At the same time, average credit scores for consumers who financed new and used vehicles are higher, and delinquency rates are lower, indicating a healthy auto credit market overall, the study found. Experian, an information services company, gathers data on consumer and business credit and generates credit scores, among other services.

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