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

from Automotive News Daily Drive · host Automotive News

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.

Episode metadata supplied by the publisher feed · Published Mar 5, 2026

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

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