Car buyers face sticker shock as 2017 rate hikes loom
Auto experts warn 2017 may cap growth as buyers confront higher monthly payments and longer loan terms. Experian data show rising average new car loans and payments since 2008, with subprime rates higher for economy cars.
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Ryan Fortenmacher
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Fortenbacher
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Mark Fischer
Toyota
Exderian
Melinda Zabritski
Experian
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Auco
Michelle Krebs
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Krebs
Samsung reveals root causes of Note 7 fires design flaws
Samsung disclosed findings from an internal review and external tests identifying design flaws in Battery A and a manufacturing defect in Battery B as the reasons behind Note 7 fires. The investigation, conducted with 700 engineers and over 200000 devices, led to recalls and a $5.3 billion impact. Samsung officials emphasized crisis lessons and regaining customer trust.
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New York
Samsung
Seoul
Exponent
TUV Rheinland
Tim Baxter
Samsung Electronics America
USA Today
DJ Koh
Swat
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