Auto suppliers are asking for contract relief
Parts shortages and heightened commodity prices are putting the squeeze on Tier 2 and Tier 3 suppliers, often forcing them to go to their Tier 1 customers to renegotiate pricing or ask for a cash infusion — or else risk going out of business entire.....»»
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......»»
Used-vehicle power players Carvana, CarMax see AI uses in inspections, appraisals and more
Used-vehicle sales giants are among auto retailers assessing and expanding applications of artificial intelligence......»»
Striking employees vote on Boeing"s latest contract offer
Striking employees vote on Boeing"s latest contract offer.....»»
Boeing factory workers vote to reject contract and continue 6-week strike
Boeing factory workers vote to reject contract and continue 6-week strike.....»»
Boeing machinists reject new contract, continuing costly walkout
Boeing machinists reject new contract, continuing costly walkout.....»»
Vision Pro reaches expected production target as Apple shifts supply chain focus
Apple is adjusting its supply chain production of Apple Vision Pro, according to a new report from The Information. The report details that Apple “has enough inventory built up to meet demand for the foreseeable future. Apple’s suppliers have.....»»
Qualcomm Focuses on Automotive Features with its Snapdragon Ride and Cockpit Elite Platforms
Qualcomm wants to work with more auto brands using its new chips. The post Qualcomm Focuses on Automotive Features with its Snapdragon Ride and Cockpit Elite Platforms appeared first on Phandroid. While most Snapdragon fans have had their.....»»
Vehicle cost and high rates are holding back middle-income Americans, according to Santander
Thirty percent of those surveyed said they were likely to take out an auto loan if rates came down......»»
F&I tip: Look at buyers with lower credit scores as an opportunity
Auto lenders and dealerships should not ignore car buyers with lower credit scores, Armando Hidalgo, director of servicing at SameDay Auto Finance, said in a panel discussion at the Auto Finance Summit this month in Las Vegas. With many of those c.....»»
AI, as it stands today, is a valuable tool for the auto industry but a poor substitute for humans
As the industry experiments with artificial intelligence, business owners need to be aware of the technology's promise and its limitations......»»
Longtime Ford supplier Dana explores sale of off-highway unit, report says
Any sale would leave Dana focused on passenger cars and trucks, making it potentially attractive for other automotive suppliers. .....»»
Used EVs could be answer for consumers seeking affordability
The depressed values of used electric vehicles present an attractive solution to cost-conscious consumers seeking transportation, business leaders said at the 2024 Auto Finance Summit......»»
Column: Good or bad, artificial intelligence is permeating the auto industry
Whether AI is really ready to revolutionize every element of the auto industry remains to be seen. But it does seem likely to do so eventually......»»
Ally Q3 earnings: net income up 20% despite weak auto finance quarter
Ally Financial's net income rose by more than 20 percent during the third quarter, supported in part by the tax credits it captured from a new emphasis on writing car leases. But Ally's Q3 2024 earnings were hindered by a more than 50 percent decline.....»»
M4 MacBook Pro production appears well underway, as launch expected soon
We’re expecting Apple to launch the M4 MacBook Pro by the end of the month, and supply-chain reports appear to corroborate this. Revenue and shipment reports from three Mac suppliers suggest that production is well underway, as Apple stockpiles.....»»
Daily 5 report for Oct. 16: Detroit 3 suppliers face major conundrum on China business
Many suppliers who bought into rosy EV production forecasts from their Detroit 3 customers now face the reality of unmet expectations......»»
FTC “click to cancel” rule seeks to end free trial traps, sneaky auto-enrollments
No more jumping through endless hoops to cancel subscriptions, FTC rule says. It will soon be easy to "click to cancel" subscriptions after the US Federal Trade Commission (FTC) .....»»
For the EV supply chain, it"s back to basics
Battery suppliers' optimism at The Battery Show was paired with caution......»»
AI helps suppliers reduce plant downtime, increase efficiency
Large suppliers including Bosch, Magna and Forvia are investing significant resources in AI tools they say will help them become more nimble......»»
For the EV supply chain, its back to basics
Battery suppliers' optimism at The Battery Show was paired with caution......»»