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......»»
Dealer"s mentorship program cuts turnover by making workers" lives better
Leadership at CMA's Valley dealerships in Staunton, Va., launched a mentorship program focused on health, finance and relationships to reduce employee turnover and enhance their staff's lives......»»
2023 could be active year for state dealer franchise legislation
Panelists at Retail Forum: Chicago said a changing industry will require deeper collaboration between automakers and their franchised new-vehicle dealerships......»»
ASEH sees lower capacity utilization in 4Q22, cuts capex
OSAT ASE Technology Holding (ASEH) expects its capacity utilization rate to drop slightly in the fourth quarter of 2022, and has revised downward its capex outlook this year by about 10%......»»
Primax finds success in automotive sector with three-in-one sensor approach
Acoustoelectric component maker Primax Electronics remains confident in its 2022 performance and optimistic about its 2023 outlook despite the overall environment causing a recession in the consumer electronics market. This is due to Primax delving i.....»»
UMC cuts capex after strong 3Q22
Pure-play foundry United Microelectronics (UMC) saw its revenue and gross margin for the third quarter exceed the guidance given in end-July, but has decided to adjust its capex outlook this year to US$3 billion from the previously-set US$3.6 billion.....»»
The latest US winter outlook spells trouble for dry California
A warm, dry winter is in store for much of California as La Niña conditions are slated to persist through at least January, according to the National Oceanic and Atmospheric Administration......»»
How to block a domain in Outlook
Preventing unwanted domains from sending emails to your Outlook email can save you a lot of trouble. Learn how to filter these pesky emails here......»»
How Lithia is diversifying and thinking globally
Lithia has made dealership acquisitions, digital retail and its own captive finance unit company hallmarks as it aims to reach $50 billion in annual revenue by 2025. But some business diversification appears on tap......»»
ASML reiterates optimism as on-shoring demand bolsters growth
Dutch semiconductor equipment manufacturer ASML's Q3 financial report exhumes optimism over the outlook through 2025-2030 due to the limited direct impact of the US-China Chip War while the on-shoring trends within various countries have already boos.....»»
PCB equipment makers remain upbeat about sales outlook
Taiwan's PCB equipment makers remain optimistic about demand prospects despite orders deferral at the request of some customers, with most of them ending the first months of the year with double-digit revenue gains, according to industry sources......»»
Inventory correction for Android phones nears end
Inventory correction for Android smartphones may come to an end later in the fourth quarter, but the market outlook for 2023 remains vague, according to sources at Taiwan-based IC design houses......»»
Passport Automotive settles FTC suit over illegal fees, discrimination for $3.38 million
Passport Automotive agreed to pay $3.38 million to settle a Federal Trade Commission lawsuit filed against the dealership group for charging illegal fees and discriminating against Black and Latino customers. The dealer group denies it discriminated......»»
Mercedes signals robust results regardless of gloomy outlook
Mercedes still has its sights set on delivering solid returns next year as supply shortages improve, even if the global economy continues to take a turn for the worse......»»
European car sales recovery threatened by economic turmoil
European new car sales grew for a second month in September on easing supply-chain woes while a worsening economic outlook points to tougher times ahead......»»
Lotus adds dealers, gears up for five new vehicles by 2028
Lotus Cars Managing Director Matt Windle's U.S. visit last month comes as the brand expands its dealer network and readies for the biggest onslaught of new models in company history......»»
U.S. vehicle inventories at highest point since June 2021
Inventory and days supply levels continued to recover in September from their record lows earlier this year as a slower selling rate allowed automakers to regrow some dealer stocks......»»
N.Y. dealer finds commercial niche
Mackey Auto Group, which formed in 2019, turned part of a former FedEx warehouse into a commercial vehicle service center. The ability to work on commercial fleets and large vehicles has quickly become an important part of the group's business......»»
TSMC maintains revenue outlook
TSMC has reiterated its sales growth forecast this year of 34-36% and also revenue CAGR of 15-20% over the next several years, and still believes its long-term gross margin target of 53% is achievable......»»
TSMC cuts capex outlook after record 3Q22 profit
TSMC has revised downward its capex target this year after posting record net profits for the third quarter......»»
Applied Materials lowers sales outlook on fresh US semiconductor tech export restrictions
Applied Materials has disclosed that the fresh US restrictions on semiconductor technology export to China are expected to reduce the company's sales by about US$400 million in fiscal fourth-quarter 2022 ending October 30, 2022......»»