Auto supplier goes bankrupt after $30M verdict in defective parts lawsuit
Southfield, Mich.-based automotive supplier Wrena LLC filed for bankruptcy Monday with the intention of selling the business after being ordered to pay $30 million in a lawsuit over defective parts. The company petitioned for voluntary Chapter 11.....»»
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.....»»
Researchers develop nanoparticle array implantation for sensitive and reusable detection
Shanghai Jiao Tong University (SJTU) researchers have developed a highly sensitive and reusable surface-enhanced Raman spectroscopy (SERS) microfluidics system that has achieved a detection limit lower than 10 ppt (parts per trillion) of harmful subs.....»»
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.....»»
ISP to Supreme Court: We shouldn’t have to disconnect users accused of piracy
Cox tries to get contributory infringement ruling in Sony lawsuit overturned. Enlarge (credit: Getty Images | Bosca78) A large Internet service provider wants the Supreme Court to rule that ISPs shouldn't have to disconn.....»»
Ford recalls more than 90,000 police Explorers over engine fire risks
Immediate cause of failures remains unclear; Ford expects to have remedy parts by 2025......»»
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......»»
Rivian pauses output of Amazon’s EV delivery van on parts shortage
The temporary stoppage began earlier this month at its factory in Normal, Ill., Rivian said. The EV maker declined to specify which components were in short supply, but said it expects to recover all missed production. .....»»
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......»»
Lawsuit accuses Stellantis, Maserati of blocking sale of N.Y. dealerships
Dualed Alfa Romeo and Maserati dealerships in Great Neck, N.Y., have sued Stellantis and Maserati North America for denying an application to transfer the franchises......»»
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......»»
Artists claim “big” win in copyright suit fighting AI image generators
Artists prepare to take on AI image generators as copyright suit proceeds Enlarge (credit: R_Type | iStock / Getty Images Plus) Artists defending a class-action lawsuit are claiming a major win this week in their fight t.....»»
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......»»
Historic map reveals how mussel farm is bringing shellfish reefs back to the seabed
The UK's first large scale offshore mussel farm is allowing shellfish reefs to return to parts of the seabed off England's south coast for the first time in up to 150 years, a new study has revealed......»»
Florida’s ban on lab-grown meat challenged as unconstitutional
Attorney: “Florida’s law has nothing to do with protecting health and safety." Enlarge (credit: Upside Foods) Florida’s ban on cultivated meat is being challenged in federal court in a lawsuit that was filed yester.....»»
Texas sues GM for allegedly violating drivers" privacy
Texas Attorney General Ken Paxton said Tuesday's lawsuit arose from a probe announced in June into whether several automakers collected and sold mass amounts of data without drivers' knowledge......»»
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.....»»