Feldman Automotive, Todd Blue among dealership buyers in Q3 and Q4 transactions
A buyer purchased her first dealership, Feldman Automotive entered a new state, and former luxury dealership group founder Todd Blue returned to automotive retail,all in third- and fourth-quarter transactions......»»
Smartphone buyers meh on AI, care much more about battery life
Apple may be pitching Apple Intelligence as a key reason to upgrade to the iPhone 16, but it seems that most smartphone buyers are far more interested in the basics – like battery life. A survey found that only a relatively small minority of con.....»»
Study: DNA corroborates “Well-man” tale from Norse saga
The "Well-man" likely had blue eyes, blond or light-brown hair, and hailed from southern Norway. A 12th-century Norse saga tells of an invading army from the south razing a castl.....»»
Bulk buyers are paying above retail for the iPhone 16, for four reasons
In most cases, you’d expect a shiny new Apple device to be worth less than you paid as soon as you walk out of the store, at least once you’re past the 14-day return period. You’d also expect companies buying in bulk to pay significantly less t.....»»
AuthenticID360 blocks AI-generated IDs during digital onboarding
AuthenticID released AuthenticID360, its new holistic identity verification platform. AuthenticID360 delivers robust verification and risk signaling capabilities, including a 2-second response time for identity transactions. A unified solution for co.....»»
Hyundai Q3 earnings slump on lower demand
The earnings were hurt by warranty costs of 320 billion won ($231 million) for its Santa Fe crossover engines in the United States......»»
Sonic Automotive Inc.’s Q3 net income rises on tax benefit
Sonic Automotive Inc.'s third-quarter net income rises with assist from tax benefit......»»
Penske expands service-scheduling AI pilot nationally
Penske Automotive Group's artificial intelligence platform to improve customer service and increase service and parts revenue is expanding across the auto retailer's dealerships nationwide......»»
Tesla posts Q3 net income of $2.2 billion, forecasts sharply higher 2025 deliveries
Tesla said it expects to launch lower-cost models next year. "Plans for new vehicles, including more affordable models, remain on track for start of production in the first half of 2025.".....»»
Renault beats Q3 forecasts as new launches lift sales
Renault beats Q3 forecasts as new launches lift sales.....»»
Lithia saved $50 million more than planned through Q3, sees another $100 million soon
Lithia Motors Inc. by the end of the third quarter reduced expenses by $50 million more than the group's original target for a cost-cutting initiative launched this year, COO Adam Chamberlain said Oct. 23 on the company's Q3 earnings call......»»
Tesla Q3 net income rises 17% to $2.2 billion; total revenue up 8% to $25.2 billion
Tesla said it expects to launch lower-cost models next year. "Plans for new vehicles, including more affordable models, remain on track for start of production in the first half of 2025.".....»»
GM sees China red ink grow in Q3 amid extended sales slump
GM is working to restructure its struggling business in China, where its market share has fallen amid heightened competition, particularly from domestic brands selling low-priced EVs......»»
Peter Todd in hiding after being “unmasked” as bitcoin creator
An HBO documentary says he is the real Satoshi Nakamoto. When Canadian developer Peter Todd found out that a new HBO documentary, Money Electric: The Bitcoin Mystery, was set to i.....»»
Tesla makes $2.2 billion in profit during Q3 2024
Tesla's profit margin is looking healthier than it has in a while. After a rocky first half of the year, Tesla enjoyed a much healthier third quarter in 2024. As we learned earlie.....»»
Lithia Q3 net income dinged by acquisition costs; quarterly revenue hits record
Lithia Motors Inc.'s net income fell 16 percent during the third quarter as the company bought three Florida dealerships and a remaining minority stake in Pfaff Automotive Partners......»»
BMW U.S. boss bets on another record sales year despite Q3 slump
A recall-related stop-sale in the third quarter flipped BMW brand's 3.1 percent first-half sales increase into a 0.2 percent decline after nine months......»»
F&I data: Used EVs losing value faster than hybrids and gas-powered cars
A Cox Automotive analysis compares the value of used hybrid, electric and gasoline vehicles with their sticker price......»»
Could AI software put a value on a car dealership? Some say yes
While one firm is betting on AI's use to price dealerships, some industry experts question its ability to overcome subjective elements of dealership valuations......»»
Peter Todd in hiding after being “unmasked” as Bitcoin creator
An HBO documentary says he is the real Satoshi Nakamoto. When Canadian developer Peter Todd found out that a new HBO documentary, Money Electric: The Bitcoin Mystery, was set to i.....»»
Watch: Blue Ridge Parkway devastation in North Carolina captured by drone footage
Watch: Blue Ridge Parkway devastation in North Carolina captured by drone footage.....»»