Penske president Kurnick: "Affordability is a big concern of ours"
A lack of cars to sell is no longer a problem for Penske Automotive Group, but consumer affordability poses a challenge to the car dealership company and the industry, Penske President Robert Kurnick Jr. told the American Financial Services Associati.....»»
Kenya on alert as it braces for first-ever cyclone
Kenyan President William Ruto put the flood-ravaged country on high alert on Friday and postponed the reopening of schools indefinitely as the nation braced for its first-ever cyclone......»»
Sonic Automotive"s EchoPark used-car business shows Q1 turnaround
Sonic Automotive President Jeff Dyke said the group won't open any EchoPark stores this year......»»
Cadillac could keep selling gas vehicles past 2030 all-EV goal
GM's luxury brand has said it aims to have an all-EV portfolio by the end of the decade, but Cadillac's global vice president said electric and gasoline models "will coexist for a number of years.".....»»
6 public auto dealership groups challenged by inflation, lower profit per vehicle
Asbury, AutoNation, Group 1, Lithia, Penske and Sonic continue turning to acquisitions or growing service and parts operations for new revenue sources......»»
Mercedes-Benz Alabama factory changes CEO weeks before UAW vote
Federico Kochlowski, vice president of operations, will take over as CEO of the Mercedes U.S. assembly plant effective Wednesday......»»
TikTok could be banned in Europe as well as the US
Hugely popular video app TikTok could be banned in Europe as well as the US, according to remarks made by the president of the European Commission. TikTok is also under two separate EU investigations, and President Biden last week signed a bill wh.....»»
Penske Automotive Q1 net income falls 28%
Penske Automotive Group Inc.'s first-quarter retail automotive service and parts revenue grew 9 percent to a quarterly record of $746 million......»»
Study reveals voter moral justifications for politicians" misstatements
In a new study, researchers have used online surveys conducted primarily when Donald Trump was president to show that both Republican and Democratic voters provided explicit moral justification for politicians' statements that were factually inaccura.....»»
TikTok owner has strong First Amendment case against US ban, professors say
Professor: US faces "uphill battle" justifying law against First Amendment suit. Enlarge (credit: Getty Images | NurPhoto) TikTok owner ByteDance is preparing to sue the US government now that President Biden has signed.....»»
New quarantine scheme could reduce risk of rabies reintroduction in the EU following Russian invasion, study finds
Rabies is a major concern to both human and animal health, with rabies in dogs and cats widespread in Eastern Europe, and there are concerns the war in Ukraine could pose a greater risk of rabies being reintroduced to the European Union (EU). A four-.....»»
Lost opportunity: We could’ve started fighting climate change in 1971
President Nixon's science advisors recommended building global CO2 monitoring network. Enlarge / A newly revealed research proposal from 1971 shows that Richard Nixon’s science advisors embarked on an extensive analysis of the.....»»
Nixon administration could’ve started monitoring CO2 levels but didn’t
President Nixon's science advisors recommended building global CO2 monitoring network. Enlarge / A newly revealed research proposal from 1971 shows that Richard Nixon’s science advisors embarked on an extensive analysis of the.....»»
ByteDance would rather shut down US TikTok than sell it
TikTok owner ByteDance reportedly will not sell to a US firm if it is unable to convince a court to overturn President Biden's day-old law forcing a sale or ban.TikTok may be cease to be available in the USAccording to the bill signed into law by Pre.....»»
New "cold war" grows ever warmer as the prospect of a nuclear arms race hots up
Champagne corks popped on December 3, 1989 as Soviet leader Mikhail Gorbachev and US president George H.W. Bush met on the cruise ship, Maxim Gorky, off the coast of Malta to declare the end of the cold war......»»
Cocaine is an emerging contaminant of concern in the Bay of Santos (Brazil), says researcher
In addition to already known pollutants, the Bay of Santos—a city in the state of São Paulo (Brazil) that is home to the largest seaport in Latin America—has been affected by an emerging contaminant that is now present not only in the water but.....»»
New GM North America chief Marissa West has deep ties to automaker
While growing up, General Motors' first female North American president would collect brochures at the Detroit auto show and pretend to run her own dealership......»»
US announces sweeping cuts to power sector carbon emissions
President Joe Biden's government on Thursday finalized sweeping plans to curb planet-warming emissions from the nation's fossil fuel plants as part of the United States' efforts to confront the climate crisis......»»
GM"s Marissa West looks to connect with retailers as she oversees North American operations
While growing up, General Motors' first female North American president would collect brochures at the Detroit auto show and pretend to run her own dealership......»»
Biden signs TikTok bill into law as Chinese firm threatens legal action
President Biden has now formally signed the bill that means TikTok owner ByteDance must sell the platform, or face being banned in the US from 2025.TikTok could be banned in the US from 2025As expected following the Senate's passing of the combinatio.....»»
Biden will ban TikTok unless Chinese owner ByteDance sells it
After a vote in the Senate tied to foreign aid late on Tuesday, President Biden will sign into law a requirement for ByteDance to sell or divest its TikTok platform within a year.TikTok could be banned in the USThe combination bill including a potent.....»»