Auto industry
Audi Georgia plant could nearly double
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 $1 billion, per The Atlanta Journal-Constitution (Nov. 2), the only public source for the documents. The second phase remains a possibility, not additional production already committed or available.
Sources: Link
The other stories from Tuesday, November 3, 2026.
Kia posts another record month
Kia set another U.S. October record as hybrids more than doubled. Hyundai also reported higher U.S. sales, according to Reuters.
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Schaeffler trims 3,460 European jobs
Schaeffler plans European job cuts and site closures to reduce costs. The announcement does not establish a current parts shortage.
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BMW brings Level 2 assist to city streets
BMW plans urban Level 2 assistance in Germany from 2027. Drivers must stay attentive; this is not driverless operation.
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Public dealers lean harder on service
Parts and service supplied 54% of public dealer groups' gross profit as new-vehicle gross per unit and operating margins softened.
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CarMax pushes into Tier 2, revamps MaxCare and GAP
CarMax plans more Tier 2 lending and a revised MaxCare and GAP lineup. Its income targets are goals, not gains already delivered.
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Banks raise credit-score floors as auto demand slips
Banks raised minimum auto credit scores despite little net change in overall standards. Reported auto-loan demand weakened again.
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Auto debt nears $1.7 trillion as late payments ease
Auto debt grew and overall serious late payments eased, but Equifax sees slightly worse early performance in a newer loan cohort.
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