Bernie Moreno sells last dealership, looks to acquire again
Former U.S. Senate candidate-hopeful Bernie Moreno sold his last dealership in August in Florida. But he's looking to acquire again......»»
Warren Buffett sells nearly half of Berkshire’s stake in Apple
According to filings published today, Warren Buffett’s Berkshire Hathaway sold nearly 50% of its stake in Apple during the second quarter of 2024, after the firm already trimmed their stake by around 13% in the first quarter. Berkshire Hathaway has.....»»
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......»»
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......»»
NZXT wants you to pay up to $169/month to rent a gaming PC
NZXT Flex subscription has "new or like-new" PCs, one-time $50 shipping fee. Enlarge / NZXT's subscription program charges $169/month for this build. (credit: NZXT) NZXT, which sells gaming PCs, components, and peripher.....»»
Penske Automotive rebrands UK CarShop business, sells 3 stores
Penske Automotive Group Inc.'s CarShop stores in the United Kingdom now use the Sytner Select name......»»
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......»»
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.....»»
Lithia net income down 28% in Q2 despite record revenue of $9.2B
Lithia Motors Inc. Q2 2024 earnings: Net income fell 28 percent during the second quarter despite the car dealership group generating record revenue for that earnings period......»»
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......»»
Asbury: Tekion DMS pilot in Ga. might get pushed to October over CDK dispute
Asbury Automotive Inc.'s dispute with CDK Global over data access might delay the national dealership group's plans to test Tekion at four Georgia dealerships by a month, Asbury told a Georgia court last month......»»
Stellantis sues dealership to avoid spending $180 million to buy back fleet vehicles
Stellantis has taken a North Carolina dealership to court to avoid having to repurchase several thousand unsold fleet vehicles at a cost of about $180 million......»»
Flash deal: get Apple"s 14-inch MacBook Pro with 36GB RAM for $2,149
Save $250 on Apple's upgraded 14-inch MacBook Pro with an M3 Pro chip and 36GB unified memory now through July 30.Save $250 on this MacBook Pro with 36GB RAM.The Space Black MacBook Pro normally sells for $2,399, but Apple Authorized Reseller B&H Pho.....»»
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......»»
How one car dealership group tackles health care insurance costs
A Carter Myers self-insured plan allows it to manage costs and potentially give leftover money back to help employees cover premiums......»»
Employee charged with stealing more than $50,000 from New York CDJR dealership
A Victory Chrysler-Dodge-Jeep-Ram employee in Rome, NY., allegedly stole more than $50,000 from the dealership and was charged with second-degree grand larceny and first-degree falsifying business records......»»
Hyundai dealership customer sues CDK over cyberattacks
A Hyundai dealership lease customer on July 22 joined other consumers who have sued CDK Global, alleging their data was put at risk by the June 19 cyberattacks suffered by the dealership management system provider. Ronaldo Proto of Connecticut filed.....»»
Curbee launches software platform to streamline dealership mobile service
Curbee has launched a software-service platform designed to help dealerships streamline and enhance their mobile services for technicians and customers, thereby improving customer loyalty, profitability, and the overall service experience......»»
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......»»
Global cyber event affects dealership groups, suppliers
A technology stoppage, which crashed Microsoft Windows computer systems worldwide, stemmed from trouble with a software update from cybersecurity provider CrowdStrike Holdings Inc......»»
Top 5 stories of the week: Penske buys largest Ford dealership; the economics of EV ownership
A quick look at the top automotive stories of the week as determined by reader interest......»»