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......»»
Memory backend firms glad to see chipmakers cut back output
With Micron Technology cutting capex and scaling back output amid a gloomy outlook for its operations, other memory chipmakers are expected to follow suit. Such developments are welcomed by memory backend companies, according to industry sources in T.....»»
Micron reports net loss for FY1Q23, expects bleak outlook next year
Micron Technology has released its earnings report for fiscal first-quarter 2023, which ended on December 1, 2022, showing revenue of US$4.09 billion compared to US$6.64 billion for the prior quarter and US$7.69 billion for the same period last year.....»»
Unimicron cuts capex outlook for 2022-2023
IC substrate supplier Unimicron Technology has revised downward its capex for 2022 and 2023, while fellow companies Nan Ya PCB and Kinsus Interconnect Technology will maintain their capex outlook for the coming year......»»
Banned, fined Calif. dealer says AG"s office wore him down into settling for $1.7 million
Paul Blanco and co-owner Putu Blanco said they were worn down by the state into settling and denied the behavior the court said had been stipulated by Paul Blanco's Good Car Company Auto Group......»»
Banned, fined Calif. dealer says AG"s office wore him down into settling
Paul Blanco and co-owner Putu Blanco said they were worn down by the state into settling and denied the behavior the court said had been stipulated by Paul Blanco's Good Car Company Auto Group......»»
No sign of smartphone recovery until late 2023, TDK CEO cautions
Global smartphone sales won't pick up until the year-end holiday season of 2023, battery supplier TDK Corp. warned, offering the most cautious outlook yet on the lackluster market hit by inflationary and geopolitical pressures......»»
IDC Tracker finds upward pricing putting downward pressure on AR/VR headsets
On the backs of a tough economic environment and rising prices, IDC has reduced its outlook for augmented reality (AR) and virtual reality (VR) headsets for the remainder of 2022 and beyond. Global shipments for AR and VR headsets will decline by 12......»»
Kia dealer to pay $1.25 million in deceptive practices settlement
The settlement requires Dan O'Brien Kia to "comply with a series of strict injunctive terms over the next five years to ensure consumers are protected from similar practices in the future," according to the New Hampshire Department of Justice's Dec......»»
Securities sector has pessimistic outlook toward Samsung and SK Hynix due to semiconductor downturn
With the semiconductor downturn likely to continue until the middle of 2023, South Korea's securities industry has predicted that both Samsung Electronics and SK Hynix's 2022 fourth-quarter performance will be worse than expected......»»
Texas court knocks down dealer complaint about discretionary allocations
After nearly a decade of litigation over whether Hyundai discriminated in awarding discretionary allocations in San Antonio, a Texas court says no......»»
2023 Outlook: What accelerates future EV development
Data from Bloomberg showed that for the first three quarters of 2022, BYD, Tesla, SAIC-GM-Wuling, GAC Aion, and Hyundai Motor Group (HMG) respectively account for 16%, 13%, 5%, 3%, and 2% of the global electric vehicle (EV) sales (battery EV and plug.....»»
Ellis Automotive founder Jim Ellis dies at 90
Ellis Automotive founder Jim Ellis, a longtime Georgia car dealer, died just weeks after his son, Jimmy Ellis......»»
2023 Outlook: Growth for smartphones spearheaded by 5G and supply chain diversification
The smartphone sector in 2022 experienced a similar situation as the PC industry. The pandemic bonus in 2020 and 2021 created a high baseline, which in turn resulted in a double-digit shipment decline in 2022 for the sector......»»
Mitsubishi, Ford, Nissan and Infiniti dealerships trade hands in Q3, Q4 deals
Three established dealership groups expanded with store acquisitions, while a former used-vehicle store owner bought his first franchised new-car dealership......»»
2023 Outlook: Notebook sector begins slow recovery
Overall notebook shipments are estimated to decrease on year in 2022, largely due to the high baseline caused by the record shipments in 2021, though it's still expected to be higher than the pre-pandemic figures of 2019. 2023 is expected to be anoth.....»»
2023 Outlook: Global desktop shipments expected to only have small decline in 2023
The PC industry is having a rough 2022 with factors such as global inflation, the Ukraine-Russia war, COVID-19 lockdowns in China, and increasing interest rates by mature markets all significantly undermining the global economy, resulting in PC deman.....»»
Knight Automotive Group continues U.S. expansion in California
Canada's Knight Automotive Group acquires four dealerships near Sacramento, part of three U.S. acquisitions in a year, all in California......»»
FTC sues to block Microsoft"s $69 billion acquisition of Activision Blizzard
The Federal Trade Commission on Thursday sued to block Microsoft's $69 billion acquisition of Activision Blizzard, challenging one of the largest tech acquisitions in history......»»
Economy, interest rates sour dealer views on market, survey finds
Fourth-quarter Cox Automotive Dealer Sentiment Index polling finds inventory is improving for franchised dealerships. But other variables are rising as concerns......»»
Honda brand returns to top 5 in dealer attitudes
Honda regains its top-five spot in the latest National Automobile Dealers Association's Dealer Attitude Survey, following an unusual drop to No. 6 in a previous survey......»»