March 5, 2026 | Pinewood.AI CEO on why Apax deal fell apart; buyers stretch loans to 7 years

Automotive News

05 March 2026

Pinewood.AI CEO Bill Berman explains why private equity firm Apax Partners backed out of acquiring his company, and it has everything to do with AI disruption fears in the software market. More buyers are stretching auto loans to seven years or longer just to afford record vehicle prices. Plus, the Iran conflict forces automakers to delay Middle East shipments.