Average dealership pretax profit down nearly 20% through Q3
The Presidio Group debuted a new quarterly report that includes dealership financial data gleaned from a partnership with NCM Associates......»»
Super Micro gives margin, profit forecasts below estimates; shares tumble
Super Micro gives margin, profit forecasts below estimates; shares tumble.....»»
Nebraska Ford dealership fined for its role in Clean Air Act violation
Moody Motor Co. was sentenced to one year of probation, a special assessment fee of $125 and a fine of nearly $40,000......»»
With 671 hp and physics-defying handling, Mercedes-AMG’s C63 is not your average plug-in
The 2025 Mercedes-AMG C63 S E Performance shifts to a plug-in hybrid powertrain to increase both performance and efficiency......»»
Honda quarterly profit rises to record high on strong U.S. sales, weak yen
Honda has been cashing in on a surge in demand for hybrids as fading subsidies weigh on sales of battery-electric vehicles globally. The weak yen is helping out, too. .....»»
GM CEO Mary Barra guest stars in Mohawk Chevrolet"s viral video parody on TikTok
Mohawk Chevrolet’s TikTok series, “The Dealership,” shows co-creator Grace Kerber visiting GM headquarters to pitch a rebrand of the Silverado pickup......»»
Asbury Automotive sells Colorado, Georgia Nissan car dealerships
Asbury Automotive Group Inc. sold one Colorado dealership and one Georgia store during the second quarter, the dealership group said in its earnings report Aug. 2. The locations have been renamed Alpine Nissan of Denver and Nissan of Cumming......»»
More than 120 people died in Tokyo from heatstroke in July as average temperatures hit record highs
More than 120 people died of heatstroke in the Tokyo metropolitan area in July, when the nation's average temperature hit record highs and heat warnings were in effect much of the month, Japanese authorities said Tuesday......»»
Elon Musk says Tesla is an AI company now. Here’s how plausible that is.
As Tesla's core business starts to falter, CEO Elon Musk has robot fever. Enlarge (credit: Aurich Lawson | Getty Images) When Tesla recorded its first annual profit in 2020, it had done something fairly remarkable. Start.....»»
ITSM concerns when integrating new AI services
Let’s talk about a couple of recent horror stories. Late last year, a Chevrolet dealership deployed a chatbot powered by a large language model (LLM) on their homepage. This LLM, trained with detailed specifications of Chevrolet vehicles, was inten.....»»
Subaru production, profits undercut in latest quarter by fatal plant accident in Japan
The export-dependent carmaker still managed to eke out a profit thanks to hefty windfall gains from favorable foreign currency fluctuations......»»
Football fans watch out — Premier League ticket scams on the rise
Fraudulent tickets sold on social media cost victims an average of £154 - Manchester United and Liverpool fans most at risk......»»
California dealership to pay $290,000 to settle environmental violations complaint
Del Grande Dealer Group, in California's Bay Area, improperly disposed of automotive waste and failed to shred documents with customer information, authorities said......»»
Apple reports record Q3 2024 earnings with $85.78 billion in revenue
Apple has revealed its full earnings report for the fiscal third quarter of 2024. The company reported $85.78 billion in revenue during the three-month period, covering April, May, and June. Net profit for the quarter came in at $21.45 billion, and e.....»»
Lithia increases stake in Pinewood DMS company to more than 25%
Lithia Motors Inc. now owns more than a quarter of the U.K. dealership management system provider Pinewood Technologies following purchases of nearly 5 million shares in the months since its initial minority investment......»»
Top 5 stories of the week: Stellantis sues dealership over fleet dispute; Toyota testing scandal widens
A quick look at the top automotive stories of the week as determined by reader interest......»»
Gulf of Mexico "dead zone" larger than average, scientists find
NOAA-supported scientists have announced that this year's Gulf of Mexico "dead zone"—an area of low to no oxygen that can kill fish and marine life—is approximately 6,705 square miles, the 12th largest zone on record in 38 years of measurement. T.....»»
Lithia dealership sued after fatal Challenger test-drive crash
The daughters of a Texas motorist killed after her car was struck by a Lithia dealership's Dodge Challenger allegedly traveling at least 100 mph during a test drive have sued the store as well as the driver and salesman allegedly inside the muscle ca.....»»
Mobileye slashes annual forecasts on uncertain demand; shares fall
Mobileye Global cut its annual revenue and profit forecasts on Thursday, slammed by volatile demand for its driver-assistance chips in China, even as it recovered from a sales slump brought on by a global auto inventory glut......»»
VW Group profit falls on restructuring charges, lower deliveries
At VW's so-called core group, which consists of the VW, Skoda and Seat brands, profitability dropped to 5 percent......»»
Hybrids, currency windfalls help Toyota extend record profit momentum
Gasoline-electric hybrid cars helped bolster Toyota earnings in the latest quarter because hybrids typically have bigger margins and sell for higher prices......»»