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......»»
Multiple Stellantis dealerships and a Kia store sell in Q1, Q2 deals
Two auto retailers ranked among Automotive News' top 150 dealership groups completed second-quarter acquisitions, while a regional group and a pair of partners also expanded in deals this year......»»
SEMI: global semiconductor packaging materials market to reach US$29.8b by 2027
Semiconductor Equipment and Materials International (SEMI), TECHCET, and TechSearch International jointly published "Global Semiconductor Packaging Materials Outlook" report on May 24, predicting that the size of global semiconductor packaging and as.....»»
Volkswagen"s Pablo Di Si: Time to get ‘back to basics"
Volkswagen Group of America CEO Pablo Di Si says he has heard dealer concerns about VW Credit and is moving to improve its partnership with dealers. The brand will do an affordability push in the second half of 2023 focusing on ID4 and Jetta......»»
Volkswagen"s Di Si: Time to get ‘back to basics"
Volkswagen Group of America CEO Pablo Di Si says he has heard dealer concerns about VW Credit and is moving to improve its partnership with dealers. The brand will do an affordability push in the second half of 2023 focusing on ID4 and Jetta......»»
7 access management challenges during M&A
Integrating an acquired company into a single organization is a daunting task that can take weeks, months, or even years to complete. To have a successful conclusion to the mergers and acquisitions (M&As) process, identity and access management (IAM).....»»
Mitac sees server order visibility stay low
The visibility of server orders remains low despite an influx of short lead-time orders, according to Mitac Holdings president Bill Ho. Mitac's outlook for the year is conservative......»»
Toyota, Ford and Stellantis dealerships sell across 4 states
Two auto retailers on the top 150 dealership groups list made first- and second-quarter acquisitions, while a business that is part of a company best known for owning the Minnesota Twins also made a first-quarter purchase......»»
Former Cadillac marketing executive steps up to CMO at Mercedes-Benz USA
Lee is one of three senior hires announced by MBUSA at the company's annual dealer meeting on Thursday......»»
Gilchrist Automotive expands with 3 acquisitions
The auto retailer purchased four dealerships in three deals this year to grow in Oklahoma and Texas......»»
Google Calendar now plays nicely with Microsoft Outlook
Google has announced that users who use its Calendar platform and who might also be using Microsoft Outlook will be able to sync up events and invites. One of the perks of being part of Google’s ecosystem is that the company’s product.....»»
Ford dealer gives $5,000 scholarship to every applicant
"If I can help people, it's my responsibility to do that," said Bazzy, who didn't attend college after graduating from high school outside Pittsburgh in the 1970s......»»
Ford, Chevy and Buick-GMC-Cadillac dealerships sell across 4 states
A new group bought its first dealership, another expanded to four stores in Oklahoma, a Michigan dealer acquired a Ford location, and a group on top 150 dealerships bought two stores in New York......»»
Microsoft fixes serious Outlook security flaw, so patch now
Hackers have been successfully bypassing a previous Microsoft Outlook patch......»»
Foxconn has a grim outlook for the year as profits take a nosedive
Apple supplier Foxconn reported a 56% decline in first-quarter net profit, its biggest quarterly fall in three years, falling short of forecasts.Foxconn posts profit lossDuring the January-March quarter, Foxconn disclosed a decline in net profit to T.....»»
Easily bypassed patch makes zero-click Outlook flaw exploitable again (CVE-2023-29324)
Among the vulnerabilities fixed by Microsoft on May 2023 Patch Tuesday is CVE-2023-29324, a bug in the Windows MSHTML platform that Microsoft rates as “important.” Akamai’s research team and Ben Barnea, the researcher who’s cr.....»»
VIA Labs uncertain about 2H23 demand prospects
VIA Labs, a subsidiary of VIA Technologies specializing in high-speed transmission chips, has expressed uncertainty regarding the demand outlook for the second half of this year......»»
Mobile peripheral chips expect weak recovery with lack of optimism from both MediaTek and Qualcomm
After MediaTek issued a negative outlook regarding the 2023 mobile phone market, Qualcomm, MediaTek's top rival, also admitted during its latest earnings call that the weak demand situation of the mobile phone market is far more severe than previousl.....»»
Magna Q1 net income falls 43%, but 2023 outlook improves
Inflationary pressures took a bite out of Magna's first-quarter earnings, but the company said there were signs of improvement for later in the year......»»
Server demand outlook remains promising
According to sources in the server industry, inventory corrections are likely to persist in the short term but the long-term outlook remains promising......»»
Cars.com Q1 revenue and net income climb; dealer customers dip
The company's acquisitions of Accu-Trade and CreditIQ over the last two years are helping to boost results......»»