Audi, Nissan, Ford and Stellantis dealerships acquired in Q2 and Q3 transactions
Three dealership groups expanded, while a new group bought a pair of dealerships, in acquisitions that closed in the second and third quarters involving stores in Missouri, Arkansas, Texas and Vermont......»»
Study suggests there"s no incentive for older birds to make new friends
Like people, birds have fewer friends as they age, but the reasons why are unclear. New research published in the journal Philosophical Transactions of the Royal Society B: Biological Sciences suggests they may just have no drive to. This is a specia.....»»
Stellantis’ 2027 Dodge Charger Daytona might feature solid-state battery tech
Stellantis will launch a demo fleet of Dodge Charger Daytona EVs featuring Factorial's solid-state battery tech......»»
Stellantis to launch fleet of EVs fitted with Factorial solid-state batteries
Stellantis to launch fleet of EVs fitted with Factorial solid-state batteries.....»»
AuditBoard and Protiviti guide enterprises in redefining the value of internal audit
AuditBoard and Protiviti announced new joint capabilities. The joint services include advanced analytics, collaboration, transformation, and digitization capabilities, along with a joint offering to help teams prepare for the new Global Internal Audi.....»»
AuthenticID360 blocks AI-generated IDs during digital onboarding
AuthenticID released AuthenticID360, its new holistic identity verification platform. AuthenticID360 delivers robust verification and risk signaling capabilities, including a 2-second response time for identity transactions. A unified solution for co.....»»
Hyundai Q3 earnings slump on lower demand
The earnings were hurt by warranty costs of 320 billion won ($231 million) for its Santa Fe crossover engines in the United States......»»
Sonic Automotive Inc.’s Q3 net income rises on tax benefit
Sonic Automotive Inc.'s third-quarter net income rises with assist from tax benefit......»»
Penske expands service-scheduling AI pilot nationally
Penske Automotive Group's artificial intelligence platform to improve customer service and increase service and parts revenue is expanding across the auto retailer's dealerships nationwide......»»
Tesla posts Q3 net income of $2.2 billion, forecasts sharply higher 2025 deliveries
Tesla said it expects to launch lower-cost models next year. "Plans for new vehicles, including more affordable models, remain on track for start of production in the first half of 2025.".....»»
Lodi Outlets acquired by Cleveland real estate company to be developed into business park
Lodi Outlets acquired by Cleveland real estate company to be developed into business park.....»»
Renault beats Q3 forecasts as new launches lift sales
Renault beats Q3 forecasts as new launches lift sales.....»»
Texas man, caught up in dealerships" feud, ticketed for missing license plate during test drive
Longo Toyota of Prosper said it was the first such incident, but police reportedly told the man they were having problems with area dealerships......»»
Lithia saved $50 million more than planned through Q3, sees another $100 million soon
Lithia Motors Inc. by the end of the third quarter reduced expenses by $50 million more than the group's original target for a cost-cutting initiative launched this year, COO Adam Chamberlain said Oct. 23 on the company's Q3 earnings call......»»
Tesla Q3 net income rises 17% to $2.2 billion; total revenue up 8% to $25.2 billion
Tesla said it expects to launch lower-cost models next year. "Plans for new vehicles, including more affordable models, remain on track for start of production in the first half of 2025.".....»»
GM sees China red ink grow in Q3 amid extended sales slump
GM is working to restructure its struggling business in China, where its market share has fallen amid heightened competition, particularly from domestic brands selling low-priced EVs......»»
Tesla makes $2.2 billion in profit during Q3 2024
Tesla's profit margin is looking healthier than it has in a while. After a rocky first half of the year, Tesla enjoyed a much healthier third quarter in 2024. As we learned earlie.....»»
Ford Bronco sales slide unconcerning to dealers after 2 years of markups
U.S. sales of the Bronco SUV are down 16 percent this year, but dealers and analysts say it's a function of supply and demand finally normalizing. Accessories and other add-ons remain lucrative......»»
GM, Ford try to ease fleet customers" switch to EVs
Switching to an electric vehicle comes with a host of considerations, including when and where to charge it. For fleet operators, moving away from gasoline-powered vehicles also comes with business implications. Some companies might be interested.....»»
Lithia Q3 net income dinged by acquisition costs; quarterly revenue hits record
Lithia Motors Inc.'s net income fell 16 percent during the third quarter as the company bought three Florida dealerships and a remaining minority stake in Pfaff Automotive Partners......»»
BMW U.S. boss bets on another record sales year despite Q3 slump
A recall-related stop-sale in the third quarter flipped BMW brand's 3.1 percent first-half sales increase into a 0.2 percent decline after nine months......»»