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......»»
MediaTek trims sales outlook for 2022
MediaTek has lowered slightly its revenue growth forecast this year, due to inventory correction already taking place at customers and channel distributors......»»
Intel reports disappointing Q2 performance amid gloomy outlook
Intel released its Q2 2022 financial results on July 28, showing a 22% decline in GAAP revenue on year, to US$15.3 billion, and reported US$500 million in losses for the quarter, the first time in decades......»»
David Rosenberg and partners buy Nissan, VW dealerships in Massachusetts
New England dealer David Rosenberg and partners have purchased two dealerships in second-quarter transactions to grow Rosenberg's DSR Motor Group to eight stores......»»
VW sees robust outlook despite 28% drop in Q2 profit
The automaker expects its product mix to normalize in the second half as chip supply improves and the company benefits from a strong order backlog......»»
U.S. looks to swap former auto supplier executive, WNBA star Griner for Russian arms dealer
Paul Whelan, a former U.S. Marine, was former global security chief for auto supplier BorgWarner Inc. He was convicted of spying in 2020, but was first taken into custody in Russia in 2018......»»
Mercedes raises outlook; cuts gas use
The automaker predicted healthy demand for its models during the second half with solid order books indicating demand continues to outstrip available cars......»»
NXP Semiconductors bullish on chip shipments to automakers
The second-biggest supplier of chips to the auto industry is “very cautious” on the outlook for high inflation, COVID-19 lockdowns in China, the war in Ukraine and a possible energy crisis......»»
Honda, Ford, Stellantis, GMC dealerships sell in 4 states
Morgan Automotive Group was among the buyers in first- and second-quarter acquisitions that expanded four dealership groups across four states......»»
Nissan-Subaru dealer fosters inside talent with training
The Tech 120 Program is an all-expenses-paid technician recruitment and development program designed to help interested applicants with limited experience eventually become a master technician within the dealership's main shop......»»
Ford, Chevy and Mitsubishi dealerships change hands in Q1, Q2 transactions
Dealership groups and a dealer bought single stores in first-quarter and second-quarter transactions across four states......»»
ASML trims outlook in headwinds and hints price hikes due to inflationary pressure
ASML, the Netherland-based semiconductor equipment supplier, announced Q2 results showing headwinds from supply-chain challenges, inflation and geopolitical uncertainties, and hinted that prices of its machines may go up......»»
Network device makers remain upbeat about 2H22 outlook
Taiwan-based network device makers remain optimistic about their business prospects for the second half of 2022, citing demand for broadband upgrades, particularly in North and Latin America......»»
Apex conservative about outlook for 3Q22
PCB maker Apex International is conservative about its business outlook for the third quarter of 2022 as brand vendors such as those in Korea are still adjusting their inventories......»»
Microsoft Outlook is back online, router to blame for outage
After being down all morning due to an issue with a router, Microsoft says Outlook is back online for all users......»»
Why a Subaru dealer says ‘no thanks’ to nonlocal buyers willing to pay more
Tight inventories and high consumer demand mean consumers are scouring the nation for particular vehicles. At Capitol Subaru of Salem in Oregon, which is selling at sticker price, the priority is always selling to locals first — even if it means sa.....»»
Groups acquire Stellantis, Ford, Volkswagen and Genesis dealerships
Four growing dealership groups acquired stores in first-quarter and second-quarter acquisitions......»»
Largan optimistic about outlook for July-August
Lens module maker Largan Precision expects sales to improve in July and August compared to June, thanks to seasonal demand......»»
Stellar Repair for Outlook Overview- Features, pricing, how-to-use and more
Backing up your data is never a bad idea, such as your emails because you don’t know when you might need to refer to them again, and if you might have a connection then. For those who use Microsoft Outlook, you might be familiar with backing up.....»»
FTC"s proposed rules on car dealer ads, F&I would hurt customers, NIADA says
The independent dealer trade group estimates compliance would require at least $1.4 billion during the next 10 years, "driving up prices for consumers and making the car-buying process longer and more difficult.".....»»
European Currency Close To Reaching Parity Against Dollar
An anonymous reader quotes a report from Bloomberg: Europe's common currency edged closer toward parity with the US dollar Monday as energy concerns and the risk of recession weighed on the outlook for the euro area, while risk aversion fueled a broa.....»»