Auto supplier Aptiv slashes headcount
Aptiv plc is reducing its headcount of salary and hourly workers in a restructuring move aimed at cutting overhead costs while increasing investment in advanced technologies......»»
Dealerships kept contracts digital in Q2 despite CDK Global outage, Wolters Kluwer says
Car dealerships sent auto lenders more digital car loan contracts in the second quarter opting against paper documentation, despite the CDK Global outage in June following two cyberattacks......»»
Canadian rail lockout called "highly problematic" for North American auto industry
A weeklong stoppage could cost about $1 billion, according to one forecast. The costs and disruptions for U.S. automakers go up the longer the disruption lasts......»»
U.S. auto safety regulator closes probe into GM"s Cruise robotaxis
NHTSA is closing its into GM's Cruise robotaxis......»»
Pixel 9 phones: The Gemini AI stuff, reviewed
A newcomer dives into AI with the Pixel 9 Pro. Enlarge / I asked Gemini to "reimagine" the background of this Pixel 9 group shot (originally on beige paper) as "science fiction moonscape," and then used "Auto frame" to expand the.....»»
F&I data: Auto loan denial rate rises to 19%
Auto lenders denied nearly 1 in 5 consumers seeking a car loan during the 12 months ending in June, a larger rejection rate than a year earlier, according to the Federal Reserve Bank of New York's survey......»»
Repeal of Inflation Reduction Act"s EV, manufacturing incentives a ‘scary thought," industry executives say
The auto industry is urging lawmakers to preserve the Inflation Reduction Act's EV manufacturing and sales incentives, arguing they're crucial to making the U.S. competitive on the global stage......»»
F&I tip: CarShield case a reminder to make sure customers understand service contracts
There's a lesson for dealerships in the $10 million CarShield settlement with the Federal Trade Commission, says Zeigler Auto Group COO Sam D'Arc: Make sure staff can explain what customers are buying......»»
Photomator and Pixelmator Pro add custom auto-straightening
Claiming a five-fold improvement in accuracy, image editing developer Pixelmator has replaced Apple's straightening tool with its own for both Pixelmator Pro and Photomator.Photomator works across Mac, iPad, iPhone, and Apple Vision ProPixelmator Pro.....»»
Aston Martin renews private-label captive finance deal with Chase Auto
Aston Martin will continue to use Chase Auto as the private-label lender behind the captive finance company Aston Martin Financial Services following a renewal of their partnership announced Aug. 13......»»
GM Lays off around 1,000 Personnel to Focus on AI
AI continues to impact employment rates worldwide. The post GM Lays off around 1,000 Personnel to Focus on AI appeared first on Phandroid. Auto manufacturer General Motors recently confirmed that it will be culling around a thousand of its.....»»
BYD to lead subdued Chinese contingent while Germans race back to Paris show in October
Europe's top-selling Chinese brand, SAIC's MG Motor, won't be at the Paris auto show in October and neither will Great Wall. After skipping the 2022 event, BMW, Audi and VW will return to Paris as will Ford and Kia. French participants include Renaul.....»»
Open Road Capital adds five dealerships in two deals
Retail auto investment firm Open Road Capital and Jesse Hord bought four New York dealerships, while Open Road expanded on the West Coast in a new partnership......»»
BYD to lead subdued Chinese contingent while Germans race back to Paris show in Oct.
Europe's top-selling Chinese brand, SAIC's MG Motor, won't be at the Paris auto show in October and neither will Great Wall. After skipping the 2022 event, BMW, Audi and VW will return to Paris as will Ford and Kia. French participants will include R.....»»
Mobileye says modular Brain6 software opens new possibilities
The software is built on mapping data sourced from cars that use Mobileye technology. It allows improved vision-based ADAS systems and offers Mobileye a path to expand into infotainment, the supplier says......»»
Why dealership volumes at auctions are ‘No. 1 concern"
The role of AI and the potential impact of the presidential election also were among topics discussed by National Auto Auction Association leadership at Manheim Detroit......»»
Solera Auto Finance bought by managers, Obra Capital; now called Arra Finance
Solera Auto Finance's leadership has purchased the lender in a management buyout with partner Obra Capital and renamed the company Arra Finance. It will write subprime auto loans at new- and used-car dealerships......»»
Amazon slashes up to $250 off Apple"s M4 iPad Pro during back-to-school sale
This Thursday, grab prices as low as $899 and discounts of up to $250 off Apple's 2024 M4 iPad Pro. With limited inventory available on certain configs, you'll want to jump on the deals now for the best selection.A full list of the lowest 11-inch iPa.....»»
Holman invests in FM Capital; both will boost auto tech deals
Holman is a conglomerate that owns a alrge dealership group and its own venture capital arm......»»
Ahead of iPhone 16, AI demand boosts Apple supplier Foxconn"s profits
Foxconn, Apple's iPhone 16 manufacturer has reported a fourth consecutive quarter of profit increases, which it credits to demand for AI servers.Workers in a Foxconn factoryFor the previous quarter, Foxconn's increased profits came from better than e.....»»
Private equity firm buys auto retail ID check, remote notary provider Mavsign
Maverick Document Signings, which provides remote notary and identification verification services to car dealerships, has been purchased by private equity firm 1876 Partners, Colonnade Securities said......»»