Dealerships acquired in Calif., Ga.
Three dealership groups acquired stores in California in separate deals, while another group added a second Stellantis store in Georgia......»»
Veoneer names longtime Forvia executive Nik Endrud CEO following sale
Veoneer appointed longtime Forvia executive Nik Endrud as its CEO, less than two months after being acquired by a New York private equity firm and after two other major sales of its business units......»»
Report: Apple acquires French startup behind AI and computer vision technology
Apple has reportedly acquired Datakalab, a Paris, France-based startup specializing in artificial intelligence compression and computer vision technology. According to French business magazine Challenges, the acquisition was finalized in December......»»
Apple has bought a French firm to help get AI processing on the iPhone
Apple has quietly acquired another AI firm involved in reducing the size of Large Language Modules for the iPhone, this time Paris-based Datakaleb.Before moving to AI compression, Datakaleb worked extensively in AI-based image analysisFollowing news.....»»
Whistleblower reveals 2023 CareGard cyberattack, says F&I company concealed it from partners
AFG Cos. was unprepared for a ransomware attack last summer, for months had been unsure of the extent of the breach, and as of early this month hadn't alerted automaker partners or the agents selling its coverage to dealerships, a whistleblower alleg.....»»
Former AFG exec reveals 2023 CareGard data breach, criticizes company"s response
AFG Cos. was unprepared for a ransomware attack last summer, for months had been unsure of the extent of the breach, and as of early this month hadn't alerted automaker partners or the agents selling its coverage to dealerships, a whistleblower alleg.....»»
Armis acquires Silk Security for $150 million
Armis has acquired Silk Security for a total of $15 million and will integrate the Silk Platform into the Armis Centrix AI-based Vulnerability Prioritization and Remediation solution to supercharge its capabilities and now be able to provide security.....»»
Ford resumes shipping 2024 F-150 Lightning to dealers after 2-month delay
Ford had issued a stop-ship order for the top-selling electric pickup Feb. 9, shortly after the 2024 model started going out to dealerships in January......»»
New IRS e-filing rule for cash transactions in effect for dealers
Dealerships that file 10 or more of certain tax forms — such as W-2s and 1099s — had to do so electronically for the 2023 tax year. They also had to go digital with Form 8300, which retailers use to report large cash purchases......»»
Chevrolet, Toyota, Infiniti, Nissan and Hyundai dealerships change hands
Two transactions involved auto retailers ranked on Automotive News' list of the top 150 dealership groups based in the U.S......»»
Apply by April 19 to be considered for expanded Automotive News Best Dealerships To Work For
Apply by April 19 to be considered for Automotive News' expanded Best Dealerships To Work For program in 2024, with new categories and more winners......»»
What to Know About Elon Musk’s Battle With a Brazilian Judge Over Speech on Social Media
A Supreme Court judge in Brazil is taking on disinformation—and going toe-to-toe with X owner Elon Musk, who claims to champion free speech. When billionaire Elon Musk acquired Twitter—now X—in 2022, some feared that t.....»»
Beeper Acquired by Automattic, Turns Off Waitlist
Beeper, the messaging company who tried to make an iMessage client for Android, only to be blocked at every turn by Apple, is still around and has now been acquired. As they announce big acquisition news, they are also releasing their newest Android.....»»
2025 Mercedes EQS sedan gets beefier battery, updated grille
The 2025 Mercedes-Benz EQS sedan will arrive at U.S. dealerships in the second half of this year. Pricing was not disclosed......»»
Penske Automotive to buy Porsche dealerships in Australia
Penske Automotive Group Inc.'s planned acquisition of two Porsche stores near Melbourne, Australia, is expected to close in the second quarter......»»
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......»»
Tesla settles fatal Autopilot crash case on eve of trial in Calif.
Terms of the settlement weren’t disclosed in court filings made public Monday in state court in San Jose, Calif......»»
Wolfe Automotive enters U.S., buys two Montana dealerships
Wolfe Automotive Group, of Calgary, Alberta, in Canada, has purchased its first two U.S. dealerships......»»
Dealerships owned by Ray Brandt trust sell to six buyers
Six groups and dealers purchased 13 dealerships and six collision centers owned by the Ray Brandt trust......»»
Gulf States Toyota names longtime exec Williamson as president
Gulf States Toyota, which distributes vehicles to 150-plus Toyota dealerships in five states, has named Eric Williamson as its new president. He succeeds Jeff Parent, who left last year to become COO of AutoNation......»»
Metro Toyota in Cleveland suburbs acquired by Victory Auto Group
Victory Auto is privately held and led by founder Jeffrey Cappo. It represents 14 auto brands, according to its website......»»