Dealer outlook cools on acquisitions
Nearly half of dealers plan to buy one or more dealerships in the next 12 months, while only 2 percent expect to sell in that time frame, according to a survey by Kerrigan Advisors......»»
Lear Corp. confident about seating business growth
Lear Corp. increased its 2023 sales outlook Tuesday by about $1 billion after a stronger-than-expected first half of the year for the seating business. Executives are confident they can continue to grow that business and increase market share in the.....»»
AlixPartners outlook warns of Chinese EV competition, "ICE melting"
Pent-up demand may temporarily buoy demand, but the ICE age is ending, AlixPartners predicts. EVs are in, and Chinese brands are ready to compete for market share......»»
Infiniti teases EVs, new store design at dealer meeting to double sales
Nissan's luxury brand laid out a bold comeback plan for its frustrated dealers to increase sales to 100,000 vehicles by mid-decade — more than twice the 46,619 the company sold in 2022......»»
Microsoft faces off against US government over Activision deal, with top execs set to testify
Microsoft and the video game giant Activision Blizzard will face off Thursday against the US government in a high-stakes battle over one of the largest technology acquisitions in history......»»
There"s a new gen AI tool to help workers spot malicious emails
Purge BEC attacks and phishing emails from your workplace with Themis Co-pilot for Microsoft Outlook......»»
IRONSCALES boosts email security with generative AI capabilities
IRONSCALES announced the Beta launch of Themis Co-pilot for Microsoft Outlook, a GPT-powered chat assistant for self-service threat reporting. Powering Themis Co-pilot is PhishLLM, a language model (LLM) hosted within the IRONSCALES infrastructure, w.....»»
Global Auto Holdings to buy UK car dealership chain Lookers for $595 million
Global Auto Holdings, an entity related to privately-owned Canadian car dealer network Alpha Auto Group by having the same owner, said the acquisition enables its entry to the UK market and supports its bid to become a global auto retailer......»»
The latest numbers on the microchip shortage: outlook improves
The global auto industry will see 2.6 million vehicles cancelled dur to chip shortages — a 200,000-vehicle improvement, according to AutoForecast Solutions......»»
Digital retail could hurt dealer F&I revenue
75 percent of vehicle gross profit at Tim Dahle Nissan Southtowne near Salt Lake City is generated from F&I sales......»»
Baxter Auto, Martin Management and AutoNation among Q1, Q2 dealership buyers
Three auto retailers ranked on ' top 150 dealership groups list completed first- and second-quarter acquisitions, while a regional group bolstered its presence in Ohio in February......»»
Fed holds rates steady but sees two small hikes by end of year
The higher rate outlook coincides with an improved view of the economy and, consequently, slower progress in returning inflation to the central bank's 2 percent target......»»
Lithia wants to hit revenue of $25 billion from acquisitions, up by $5 billion
Dealership acquisitions were seen as a key cog in Lithia Motors Inc. reaching its goal of $50 billion in annual revenue by the end of 2025. The auto retail giant is now targeting even more revenue from store purchases......»»
Rising Demand, chiplet and 3DIC trends offer bright outlook for CHPT
In a media debrief following the shareholder meeting, Huang Shui-Ke, president of Chunghwa Precision Test (CHPT), outlined the company's struggle in the previous year. The first quarter of 2023 was particularly challenging, resulting in minor losses......»»
Dealers happy with market, but interest rates weigh
The survey gauges U.S. dealer feelings about aspects of their dealership, including inventory, staffing and general economic conditions......»»
Microsoft Outlook users hit with brief Monday morning outage
Thousands of Microsoft Outlook users briefly reported issues accessing their email accounts on Monday morning......»»
Microsoft Outlook users hit with Monday morning outage
Thousands of Microsoft Outlook users reported issues accessing their email accounts on Monday morning......»»
VW"s Pablo Di Si: Price gouging ID Buzz buyers would be big mistake
Pablo Di Si, head of Volkswagen in North America, says dealer price gouging on the new three-row ID Buzz electric bus would not be smart......»»
Despite cutbacks, IT salaries expected to rise
Despite rising labor costs, economic inflation, and companies making an effort to cut back, the salary outlook for IT professionals is positive, according to InformationWeek. Work-life balance and base pay top the list as what matters most to IT prof.....»»
Ed Morse Automotive bolsters Illinois footprint
Ed Morse Automotive Group further bolstered its domestic brand store offerings with the purchase of three Illinois dealerships in two May acquisitions......»»
Facing AI boom, Nvidia"s Jensen Huang says that more production capacity has been ensured for 2H23
Nvidia recently announced its financial report for the first quarter of FY24 (up to April 30, 2023), reporting a quarterly revenue and second-half outlook that both beat Wall Street's expectations. In an interview with GamesBeat, Nvidia CEO Jensen Hu.....»»