Bloomberg Zero-percent financing deals hit a record last month as carmakers kept the US auto market from collapsing. More than one in every four new vehicles sold in April did so with 0% loans, according to market researcher Edmunds. By opening up the lending spigots, the US avoided a reprise of the almost 80% drop automakers experienced in China in ...

Bloomberg Bank of America Corp. (BofA) is starting to see consumer spending edge higher after plunging with the start of the coronavirus lockdown. The nascent increase, which follows a 30% drop, is showing up as consumers buy more groceries, restaurant meals, clothing and gasoline, Chief Executive Officer Brian Moynihan said in an interview on CNBC. US aggregate spending averaged about ...

Bloomberg Calogero Lo Vetro couldn’t wait to get back to work, describing the scene he saw on his return as “something from a sci-fi movie,” with health monitors decked out like space men checking staff at Fiat Chrysler Automobiles NV’s Mirafiori plant during its preliminary reopening. Lo Vetro, a quality-control officer at the Turin area factory whose models include Fiat’s ...