Auto retailer led by Tampa Bay Buccaneers co-owner buys Jaguar-Land Rover, Hyundai-Genesis and Cadillac dealerships
US Auto Trust of Los Angeles has acquired four Southern California dealerships since December......»»
Lear"s Q1 net income falls as auto supplier goes full bore into automation
Lear Corp. reached a revenue record in the first quarter but saw net income drop 24% as it navigates operational and restructuring challenges related to lower volumes......»»
Asbury Automotive says 10 dealerships are up for sale
Asbury Automotive Group said it entered Q2 with $243 million in assets for sale — including 10 dealerships — after selling a Jim Koons Lexus site in Delaware to MileOne Autogroup in March......»»
Why Tesla"s Full Self-Driving rollout in China matters
Enabling FSD in China would provide a buffer to Tesla's declining EV sales and allow the automaker to better compete with local rivals in the world's largest auto market where driver assistance and other connected car features are prized......»»
5 stars of the 2024 Beijing auto show
Nearly every domestic and international brand attended the showcase event of the Chinese auto industry. Here are the hits (and a few misses) from the show, which featured more than 100 premieres......»»
SpaceX Falcon 9 booster equals flight record, but does not land this time
SpaceX flew a first-stage Falcon 9 booster for the 20th time on Saturday, equaling a record set by another Falcon 9 booster earlier this month......»»
Elon Musk lands in China as Tesla seeks self-driving tech rollout; GM"s Mary Barra visited Beijing Friday
Tesla's CEO has said Tesla may make Full Self-Driving technology available to customers in China "very soon." GM CEO Mary Barra was seen at the Beijing auto show on Friday, reports say......»»
UAW reached tentative pact with Daimler Truck, averting strikes
The United Auto Workers said it reached a tentative agreement with Daimler Truck Holding AG ahead of a contract expiring midnight on April 26 and following a strike threat......»»
Huawei"s smart car tech offers Audi, other automakers route to China sales
Huawei's rapid emergence as a key auto supplier highlights the telecommunications equipment maker's drive for sources of growth after U.S. export controls pursued on national security grounds since 2019 hammered its businesses, especially smartphones.....»»
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.....»»
Genesis" Claudia Marquez: We"re "becoming completely independent" from Hyundai in U.S.
The premium spinoff is becoming more independent from its mainstream counterpart with stronger brand awareness, new products and strong sales......»»
How bad are invasive plants for birds? Research suggests large-scale removal may not have intended benefits
A prevailing opinion in land management is that non-native invasive plants are of no ecological value and they significantly diminish habitat quality for wildlife. Conservation practitioners allocate significant resources to invasive plant removal, o.....»»
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.....»»
Climate change could become the main driver of biodiversity decline by mid-century, analysis suggests
Global biodiversity has declined between 2% and 11% during the 20th century due to land-use change alone, according to a large multi-model study published in Science. Projections show climate change could become the main driver of biodiversity declin.....»»
CarNow eyes expansion, possible acquisitions after debt financing
CarNow, maker of digital retailing platforms for dealerships, plans to use $40 million in new debt financing to accelerate product development and pursue further market expansion......»»
Fred Beans buys 4 Rosenthal Automotive dealerships
Rosenthal Automotive Organization divested four Philadelphia area dealerships it bought in June 2022 from Sussman Automotive Group......»»
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......»»
VinFast founder commits $1 billion as EV maker bleeds cash
Vietnamese billionaire Pham Nhat Vuong pledged to invest at least another $1 billion of his personal wealth into VinFast Auto Ltd., providing the capital needed for expansion of the struggling electric vehicle maker......»»
If Starship is real, we’re going to need big cargo movers on the Moon and Mars
"I left SpaceX knowing the width of the Starship door." Enlarge / The author tries not to crash a lunar rover. (credit: Eric Berger) As a SpaceX engineer working on the Starship program about five years ago, Jaret Matthe.....»»
In the face of bans, ByteDance tightens grip over US TikTok operations
Relationship between TikTok, ByteDance deepens as tensions over the app’s ownership escalate. Enlarge (credit: FT/Getty Images) TikTok’s Beijing-based owner ByteDance tightened its grip over its US operations over th.....»»
Hyundai doubles down on hybrids after Q1 profit slips 2.4%
After posting a 2.4 percent drop in quarterly profit, Hyundai said it will continue to expand its electrified model lineups globally by introducing more hybrids and new Ioniq models......»»