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......»»
Here are the 5 least expensive EVs in the first quarter
Each of the five least expensive EVs is less than $41,000 with automaker and dealer incentives, according to Cox Automotive data......»»
Dealer association ad voices concerns about how Scout, Sony Honda Mobility will sell vehicles
Dealers, associations and NADA have been sending inquiries to Scout Motors and Sony Honda Mobility on how the brands plan to sell vehicles but to no avail......»»
Nissan cuts profit and sales outlook on sliding volume, overly optimistic plans
Nissan issues a profit warning, cutting profit and sales forecasts, as volume misses expectations and the automaker compensates suppliers for its over-optimistic plans.....»»
Struggling Nissan cuts profit and sales outlook on sliding volume, over-optimistic plans
Nissan issues a profit warning, cutting profit and sales forecasts, as volume misses expectations and the automaker compensates suppliers for its over-optimistic plans.....»»
Bosch flags further cost cuts after giving "subdued" outlook for 2024
Bosch said cuts were necessary to make sure it remains competitive in an environment where most of its big peers, including Continental and ZF, have all announced job cuts......»»
Cool off with this $79 super portable A/C
The EvaChill EV-500 is a portable air conditioner and purifier that cools a small area for up to eight hours on one full tank of water. TL;DR: Through April 16, this Evachill portable cooling unit is only $79 (reg. $99). It brings the temperatu.....»»
Fisker"s few dealers remain upbeat about the struggling EV brand
Phil Harrison, dealer principal of Fisker Indianapolis, said one client traveled from Colorado to pick up his Ocean crossover. ‘The feedback from Ocean customers has been overwhelmingly positive,' he said......»»
Dealer group employee killed in shooting at Kia store in South Carolina
A pregnant woman also was killed in a crash after the shooting as police looked for the suspect......»»
Post mergers and acquisitions, will employees leave or stay? Researchers say "just ask AI"
Within knowledge-intensive industries like tech, there is an almost insatiable demand for highly skilled employees, such as software engineers and app developers. Need for talent often motivates mergers and acquisitions (M&A), in a process colloquial.....»»
Stellantis consolidates 9 U.S. business centers to 6, lays off 30, in bid to boost dealer support
The automaker said the move will strengthen its dealer support as it begins launching electric vehicles in the U.S. this year......»»
Buyer of $717K Ford GT files lawsuit saying previous damage not disclosed
A Florida dealer in collectible vehicles and a buyer have accused a Canadian dealership of failing to disclose the 2006 Ford GT Heritage Edition purchased for $716,800 had been seriously damaged in a crash and restored......»»
BMW reveals new products, retail strategy at dealer meeting
BMW will use technology and data sharing with dealerships to improve the customer experience and drive loyalty and after-sales revenue......»»
Acura ADX small crossover will launch this year
Acura confirmed the baby crossover's name at a dealer meeting last week, and it teased an electric three-row MDX......»»
Toyota dealership in Ariz. will pay $60,000 to settle claims it advertised deceptive prices
Arizona Attorney General Kris Mayes said the store's prices failed to include the full reconditioning fees the dealer charged and the cost of mandatory additions like exterior coating and door edge guards......»»
Group 1 Automotive bought at least 9 stores in 3 major deals in Q1
After reporting a sharp drop in net income in the fourth quarter of 2023, CEO Daryl Kenningham promised to be aggressive with acquisitions......»»
TESLA: Q1 deliveries fall 8.5% to 386,810 as demand cools
Tesla produced 433,371 vehicles globally in the first quarter, the company said. In the U.S., Cox Automotive estimated deliveries at 166,734 in the January-March period, a 3.2 percent gain......»»
Landmark advances in employment reframe the outlook for people with disabilities in post-pandemic era
A recent commentary published in The Journal of Spinal Cord Medicine highlights the unprecedented upward trend in employment for people with disabilities, accelerated by the COVID-19 pandemic's economic recovery phase......»»
TESLA: Q1 deliveries fall 8.5% to 386,810 as demand cools and EV competition heats up
Tesla produced 433,371 vehicles globally in the first quarter, the company said. In the U.S., Cox Automotive estimated deliveries at 166,734 in the January-March period, a 3.2 percent gain......»»
Toyota exec touts dealer-driven digital tools over Amazon option
Toyota Motor North America executive Jack Hollis said during the Automotive Forum New York that his company will not work with Amazon like Hyundai is doing......»»
Cybersecurity essentials during M&A surge
The volume of mergers and acquisitions has surged significantly this quarter. Data from Dealogic shows a 130% increase in US M&A activity, totaling $288 billion. Worldwide M&A has also seen a substantial uptick, rising by 56% to $453 billion. Conside.....»»