New England"s DCD Automotive, known as Nucar, buys New Hampshire family dealership
New England auto group DCD Automotive Holdings, which operates under the name Nucar, bought a family dealership in Concord, N.H., in December. It will aim to sell at least 75 used cars a month there......»»
EV pullback ‘good for business,’ American Axle CEO says
American Axle & Manufacturing Holdings Inc. took a $33.6 million net loss last year due largely to the UAW strike, but the industry’s biggest worry now — the electric vehicle pullback — could play in the supplier’s favor......»»
Famed investor Warren Buffett again trims stake in Apple
The Sage of Omaha has decided to trim his Apple holdings, as part of what appears to be a small move away from big tech.Warren Buffett [Berkshire Hathaway]Buffett first invested in Apple in only 2016, and since then chiefly increasing its investment,.....»»
Hertz to sell 20,000 EVs in shift back to gasoline-powered cars
Hertz Global Holdings Inc. plans to sell a third of its U.S. electric vehicle fleet and reinvest in gas-powered cars due to weak demand for the battery-powered options......»»
UAW strikes tentative deal with auto parts maker Allison Transmission
The United Auto Workers (UAW) union has reached agreement with auto parts maker Allison Transmission Holdings Inc. on a tentative deal covering 1,500 workers in Indianapolis, the labor group said on Friday......»»
Study reveals a higher market valuation of cash holdings of firms adopting electronic voting
Firms worldwide are increasingly adopting electronic voting, enabling shareholders to cast their votes online instead of attending shareholder meetings in person. Shareholders can enjoy superior accessibility to the meetings with electronic voting co.....»»
Base Operations raises $9.1 million to boost global threat intelligence
Base Operations announced the successful close of a $9.1 million Series A led by Grotech Ventures and Spero Ventures with notable contributions from Vela Partners, Good Growth Capital, Mindset Ventures, Alliance Holdings, and Gaingels. The company is.....»»
Tesla shipments blocked by Norwegian workers as labor dispute spreads
Norway's largest private sector labor union will block transit shipments of Tesla cars meant for the Swedish market as one of Denmark's largest pension funds sell its holdings in Tesla over the EV maker's refusal to enter into agreements with Swedish.....»»
Texas" ZT Automotive eyes dealership count of 50, 60
ZT Automotive, which rebranded from ZT Motors, is eying to expand its dealership holdings by five-fold in the coming years largely through acquisitions......»»
Buffett"s Berkshire dumps stake in General Motors as it builds cash
In a regulatory filing detailing its U.S.-listed stock holdings as of Sept. 30, Berkshire reported no holdings in GM after reporting a stake of $848 million in June......»»
American Axle takes big financial loss on UAW strike, operation woes
American Axle & Manufacturing Holdings Inc. suffered a $17.4 million net loss in the third quarter due to the United Auto Workers strike as well as labor and operational issues of its own......»»
The double-edged sword of heightened regulation for financial services
Financial services organizations are enticing targets for cybercriminals due to their significant wealth holdings, presenting abundant opportunities for monetary gain through extortion, theft, and fraud, according to Trustwave. In addition to the mon.....»»
Weak IP Address Evidence Collapses ‘Non-Responsive Movie Pirates’ Lawsuit
Voltage Holdings has lost its appeal against a 2022 Canada Federal Court decision that denied default judgment against a number of unnamed internet subscribers. Voltage claimed that the internet users, who all received two prior infringement notices,.....»»
Alpha Auto Group finalizes $842M deal for U.K."s Lookers group
The deal hands ownership of Lookers’ 147 new-vehicle dealerships in the U.K. and Ireland to Global Auto Holdings, a special-purpose acquisition company formed to carry out the purchase......»»
Graham Ourisman buys Toyota dealership in Virginia
Graham Ourisman Automotive, a partnership between Graham Holdings and Ourisman Automotive Group, added a Toyota dealership in Virginia to its portfolio......»»
New infosec products of the week: September 8, 2023
Here’s a look at the most interesting products from the past week, featuring releases from CyberSaint, Ghost Security, Hornetsecurity, NTT Security Holdings, and TXOne Networks. Reaper: Open-source reconnaissance and attack proxy workflow automatio.....»»
Arm Holdings: Chip giant hopes for market value of more than $50bn
The UK-based firm is courting investors as its listing in the US looks to be the biggest of the year......»»
American Axle profit dips, sales increase in Q2
American Axle & Manufacturing Holdings Inc.'s second-quarter net income fell because of supply chain challenges and other cost inefficiencies, while revenue rose marginally. The supplier, based in Detroit, said net income fell 65 percent to $8 mil.....»»
U.K. dealer group Lookers says acquisition by Global Auto unlikely to get approval
Global Auto Holdings, which is affiliated with Canada's Alpha Auto Group, aimed to buy Lookers for about $601 million, but shareholders are opposing the deal......»»
Nio has been at the brink before. Can the EV maker rally again?
A just-in-time share sale to CYVN Holdings LLC, an investment entity controlled by the government of Abu Dhabi, may get Nio off the immediate hook......»»