7 key takeaways from U.S. auto sales in February
February marked the 19th consecutive month when sales increased year over year, with the SAAR topping 16 million for the fourth time in the past year......»»
Jeep planning sub-$25,000 Renegade EV as it targets 1.5 million global sales
Stellantis CEO Carlos Tavares has said the sweet spot for affordable EVs is around $25,000. Jeep plans to undercut that price with an electric Renegade around 2027......»»
GM trims EV production forecast, invests $850 million in Cruise
CFO Paul Jacobson told investors that GM plans to build fewer EVs because it now expects them to make up a lower percentage of total auto sales than expected this year......»»
20,000 FortiGate appliances compromised by Chinese hackers
Coathanger – a piece of malware specifically built to persist on Fortinet’s FortiGate appliances – may still be lurking on too many devices deployed worldwide. How Coathanger persists on FortiGate devices In February 2024, the Dutch Mil.....»»
T-Mobile users thought they had a lifetime price lock—guess what happened next
"T-Mobile will never change the price you pay," the carrier told users in 2017. Enlarge / T-Mobile logo above the Deutsche Telekom pavilion at Mobile World Congress 2024 in Barcelona, Spain, on February 28, 2024. (credit: Getty.....»»
Findlay Automotive targeted in cyberattack
Findlay Automotive Group has been hit by a cybersecurity attack that continues to hamper some of its sales and service operations......»»
GM scales back EV production forecast, invests $850 million in Cruise
CFO Paul Jacobson told investors that GM plans to build fewer EVs because it now expects them to make up a lower percentage of total auto sales than expected this year......»»
Dennis & Co. Auto Group, Kyle Busch partner in dealership purchase
NASCAR's Kyle Busch has an undisclosed minority stake in the New Jersey dealership......»»
Tesla won"t launch freshened Model Y this year, says CEO Elon Musk
"No Model Y 'refresh' is coming out this year," Elon Musk wrote on the social media platform X on June 8 in response to a question. Analysts see aging models as a drag on Tesla's sales growth......»»
UAW president faces investigation by independent monitor
United Auto Workers President Shawn Fain is under investigation by an independent federal monitor over allegations of retaliation against other union leaders......»»
Apple announces tvOS 18: InSight, auto subtitles, new screensavers, more
Apple today announced tvOS 18, the software that runs on the Apple TV set-top box. New features include InSight, which is like Amazon X-ray but for Apple original content. For video, Apple is now supporting 21:9 projectors for the first time. For.....»»
visionOS 2.0 gets big upgrades with photo 3D processing, multiple 4K Mac screens & more
Users of the Apple Vision Pro will expand the usability of almost every aspect of their device with huge updates coming to visionOS 2.0.visionOS 2.0 and Mac monitorsApple released VisionOS in February of this year, and today, it announced updates tha.....»»
The number of known Snowflake customer data breaches is rising
LendingTree subsidiary QuoteWizard and automotive parts provider Advance Auto Parts have been revealed as victims of attackers who are trying to sell data stolen from Snowflake-hosted cloud databases. Snowflake says that their investigation is still.....»»
visionOS 2.0 gets big upgrades with photo 3d processing, multiple 4K Mac screens & more
Users of the Apple Vision Pro will be able expand the usability of almost every aspect of their device with huge updates coming to visionOS 2.0.visionOS 2.0 and Mac monitorsApple released VisionOS in February of this year, and today, it announced upd.....»»
Election uncertainty weighs on dealers, new Cox poll finds
Uncertainty related to the upcoming 2024 election contributed to car dealership professionals feeling neutral about the second-quarter market and expecting a similar sales environment for the third quarter......»»
Why Bernardi Honda pays employees to stay
Charlie Sectish, general manager of Bernardi Honda near Boston, designed a retention bonus in his compensation plan that helped boost sales and maintain a team of high performers......»»
Tesla may be in trouble, but other EVs are selling just fine
Almost every other automaker is seeing double-digit EV sales growth. Enlarge (credit: Getty Images/3alexd) Have electric vehicles been overhyped? A casual observer might have come to that conclusion after almost a year.....»»
Toyota axle supplier Hino closing Arkansas plant, cutting 1,300 jobs
Hino Motors will shut down its 1,300-employee axle plant in Arkansas by 2027 and exit the auto parts business to redirect its focus toward their commercial truck operations in the U.S......»»
Top 5 stories of the week: Robust May sales; Lithia cuts staff in cost-saving move
A quick look at the top automotive stories of the week as determined by reader interest......»»
Bigger incentives, selection lure consumers back to dealerships; May selling rate tops 16 million
6 of 7 reporting automakers saw sales gains in May; analysts say sidelined and patient consumers starting to return, but leasing still has room to grow......»»
Minorities in auto retail make $200,000, show career similarities to nonminority whites
The car dealership industry paid members of minority groups more than $200,000 in 2023, within $10,000 of what nonminority industry professionals at car dealers earned, and far more than the average American, according to the Automotive News Dealersh.....»»