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......»»
Credit Acceptance posts Q2 net loss of $47.1 million as auto lender revamps cash flow forecasting
The average Credit Acceptance second-quarter auto loan financed $26,816 in principal and interest, paid the dealership a $12,278 advance and was slated to run for 61 months......»»
CarShield, American Auto Shield to pay $10M in settlement on false advertising claims
The FTC said the companies' celebrity endorsers made false statements in ads and/or have not used the service contract products. Contracts also do not cover all repairs as stated in the ads, the FTC said......»»
Apple may have shut down a supplier"s proposed partnership with Vivo
Tata Group's acquisition of a stake in rival Vivo's India business was allegedly stopped by Apple, due to Tata owning a factory with Apple's supply chain.Mumbai, IndiaTata Group, an Indian conglomerate, has reportedly put the brakes on talks to acqui.....»»
Penske Automotive Q2 net income falls 20% on higher interest costs
Penske Automotive Group net income dropped in the second quarter, though the auto retailer posted record second-quarter revenue of $7.7 billion......»»
Sports car seating supplier Recaro files for bankruptcy in Germany
Recaro, the legendary sport seat supplier, is insolvent. The company has a long tradition, but now fears for its future......»»
Owner of Nashville auto business indicted on felony tax evasion and theft
Owner of Nashville auto business indicted on felony tax evasion and theft.....»»
BYD preparing to enter Canadian EV market, documents show
Joe McCabe, CEO of AutoForecast Solutions, said the U.S. auto market is BYD’s “holy grail,” but the company is likely to use both Canada and Mexico as “ports of entry.” .....»»
Legendary sports car seating supplier Recaro files for bankruptcy in Germany
Recaro, the legendary sport seat supplier, is insolvent. The company has a long tradition, but now fears for its future......»»
It Looks like Xiaomi’s SU7 is Selling Well
Xiaomi nears its ambitious year-end goal. The post It Looks like Xiaomi’s SU7 is Selling Well appeared first on Phandroid. Following its debut into the EV market a while back, smartphone (and now auto) manufacturer Xiaomi stated that.....»»
Former dealer Joe Maus returns to auto retail with Chevrolet store
Former auto dealer Joe Maus purchased a Chevrolet dealership in South Carolina, his first acquisition after selling his stake in other stores the past few years......»»
This Deal Slashes 20% OFF from the Galaxy Buds FE
Samsung's budget earbuds are even more affordable now. The post This Deal Slashes 20% OFF from the Galaxy Buds FE appeared first on Phandroid. If you’re looking for relatively-affordable wireless earbuds, then the Samsung Galaxy Buds.....»»
Gentex Q2 net income falls 21% on lower vehicle production
The mirror supplier said net income and revenue declined after a drop in light-vehicle production......»»
Grand Theft Auto 6 is unaffected by the video game voice actors strike
A lot of games could be affected by the SAG-AFTRA video game actors strike, but Grand Theft Auto 6 isn't one of them......»»
Threat of slimmer used-car profits, supply allows for little slack in 2024, dealers say
Franchised dealership and auto retail group leaders spoke with Automotive News in June and July about used-car market certainties and uncertainties in 2024......»»
Early CDK Global DMS return helped ease Group 1"s Q2 losses
The auto retailer estimates it lost $17 million in pretax income in the second-quarter due to the CDK outage......»»
China poised to lead global auto market, S&P Global says
BYD has emerged as a top 10 manufacturer, and evolving retail networks and new factories in Europe offer opportunities for Chinese automakers. Despite European and North American tariffs, they continue to push forward......»»
FTC CARS Rule could put auto lenders at risk
The Federal Trade Commission's CARS Rule poised to take effect upon car dealerships might have created risk for auto lenders, too, under the federal Holder Rule, experts say......»»
NHTSA ends probe into 1.7 million Honda vehicles for power loss
Top U.S. auto safety regulators are closing an investigation into about 1.7 million Honda Motor Co. vehicles for loss of power......»»
How to disable Auto Blocker on your Samsung phone
Samsung has an Auto Blocker feature on their phones that blocks sideloading of apps, and here’s how you can disable it. The post How to disable Auto Blocker on your Samsung phone appeared first on Phandroid. One of the reasons why you sh.....»»
GM Wentzville production idled by UAW strike at Lear seating plant
Production of midsize pickups and full-size vans at GM's Wentzville, Mo., assembly plant has been impacted by a strike at a nearby supplier factory......»»