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Former dealership employee accused of stealing $1.3 million

A former employee of Pine Belt Nissan of Toms River, a dealership in New Jersey, has been charged with money laundering and theft via an advertising scheme, with prosecutors alleging he stole more than $1.3 million......»»

Category: topSource:  autonewsSep 23rd, 2022

Q&A: Jobs for young Africans—new data tool reveals trends and red flags

An estimated 23.6 million young Africans (aged 15–35) are unemployed—that's one in 22 (4.5%). With this number projected to grow to 27 million by 2030, the need for jobs is critical. But the key to good policies for job creation is good data......»»

Category: topSource:  informationweekRelated News5 hr. 28 min. ago

Ford launches AI-powered dealership training platform

The automaker is rolling out Ford University, a digital platform that utilizes AI to train dealership employees on selling vehicles and improving their relationships with customers......»»

Category: topSource:  autonewsRelated News9 hr. 28 min. ago

6 public auto dealership groups challenged by inflation, lower profit per vehicle

Asbury, AutoNation, Group 1, Lithia, Penske and Sonic continue turning to acquisitions or growing service and parts operations for new revenue sources......»»

Category: topSource:  autonewsRelated News20 hr. 56 min. ago

EU probes Meta for killing tool that enables real-time election monitoring

EU probes Facebook/Instagram owner for possible Digital Services Act violations. Enlarge (credit: Getty Images | Chesnot ) The European Commission today accused Meta of violating rules related to deceptive advertising, p.....»»

Category: topSource:  arstechnicaRelated NewsApr 30th, 2024

Island raises $175 million at $3 billion valuation

Island announced its $175 million Series D financing. The new funding round brings Island’s valuation to $3 billion, doubling the last valuation from less than a year ago. The round was led by new investor Coatue and existing investor Sequoia Capit.....»»

Category: securitySource:  netsecurityRelated NewsApr 30th, 2024

Lithia: Driveway Finance has $2M loss in Q1, still on track for profitability in 2024

Lithia Q1 2024 earnings: Car dealer Lithia Motors Inc.'s developing captive finance company Driveway Finance Corp. lost $2 million during the first quarter, compared with a $21 million loss a year earlier......»»

Category: topSource:  autonewsRelated NewsApr 30th, 2024

Penske Automotive Q1 net income falls 28%

Penske Automotive Group Inc.'s first-quarter retail automotive service and parts revenue grew 9 percent to a quarterly record of $746 million......»»

Category: topSource:  autonewsRelated NewsApr 30th, 2024

Triangulation fraud: The costly scam hitting online retailers

In this Help Net Security interview, Mike Lemberger, Visa’s SVP, Chief Risk Officer, North America, discusses the severe financial losses resulting from triangulation fraud, estimating monthly losses to range from $660 million to $1 billion among m.....»»

Category: securitySource:  netsecurityRelated NewsApr 30th, 2024

FCC fines big three carriers $196M for selling users’ real-time location data

FCC finalizes $196M penalties for location-data sales revealed in 2018. Enlarge (credit: Getty Images | SOPA Images ) The Federal Communications Commission today said it fined T-Mobile, AT&T, and Verizon $196 million "fo.....»»

Category: topSource:  arstechnicaRelated NewsApr 30th, 2024

Porsche dealership sales manager took bribes in exchange for high-demand vehicles, lawsuit alleges

The sales manager of a Porsche dealership in South Carolina commanded hundreds of thousands of dollars in "under-the-table" payments from customers hungry for high-demand vehicles......»»

Category: topSource:  autonewsRelated NewsApr 29th, 2024

Asbury Automotive says 10 dealerships are up for sale

Asbury Automotive Group said it entered Q2 with $243 million in assets for sale — including 10 dealerships — after selling a Jim Koons Lexus site in Delaware to MileOne Autogroup in March......»»

Category: topSource:  autonewsRelated NewsApr 29th, 2024

Hubble spots magnificent barred galaxy NGC 2217

The magnificent central bar of NGC 2217 (also known as AM 0619-271) shines bright in the constellation of Canis Major (The Greater Dog), in this image taken by the NASA/ESA Hubble Space Telescope. Roughly 65 million light-years from Earth, this barre.....»»

Category: topSource:  physorgRelated NewsApr 29th, 2024

Dealership not at fault for injuries caused by 80-year-old customer who crashed demo, court rules

A Louisiana dealership has been cleared of liability for a crash caused by an 80-year-old customer test driving a demo car......»»

Category: topSource:  autonewsRelated NewsApr 29th, 2024

Manager took bribes in exchange for high-demand vehicles, lawsuit alleges

The sales manager of a luxury dealership in South Carolina commanded hundreds of thousands of dollars in "under-the-table" payments from customers hungry for high-demand vehicles......»»

Category: topSource:  autonewsRelated NewsApr 29th, 2024

More than 2 million gazelle still roam the Mongolian steppe

A study published in Oryx sheds light on the status of Mongolian gazelle populations across Mongolia, Russia, and China, revealing both successes and challenges in the conservation efforts of this iconic species.....»»

Category: topSource:  physorgRelated NewsApr 29th, 2024

How insider threats can cause serious security breaches

Insider threats are a prominent issue and can lead to serious security breaches. Just because someone is a colleague or employee does not grant inherent trust. In this Help Net Security video, Tara Lemieux, CMMC Consultant for Redspin, discusses insi.....»»

Category: securitySource:  netsecurityRelated NewsApr 29th, 2024

Tesla’s 2 million car Autopilot recall is now under federal scrutiny

NHTSA has tested the updated system and still has questions. Enlarge / A 2014 Tesla Model S driving on Autopilot rear-ended a Culver City fire truck that was parked in the high-occupancy vehicle lane on Interstate 405. (credit: C.....»»

Category: topSource:  arstechnicaRelated NewsApr 27th, 2024

Mirror supplier Gentex"s Q1 net income rises 11% to $108 million, revenue reaches record $590 million

CEO Steve Downing credited the strong first quarter with increased take rates of mirrors with advanced features and technology......»»

Category: topSource:  autonewsRelated NewsApr 26th, 2024

Service customer arrested at gunpoint after dealership lost paperwork, suit says

A Kia dealership in California is being sued for reporting a vehicle as stolen after it misplaced the agreement loaning it to a customer who was having repair work done......»»

Category: topSource:  autonewsRelated NewsApr 26th, 2024

Tesla"s recall of 2 million vehicles for Autopilot issues being probed by NHTSA

The agency wants to know if Tesla's December recall of more than 2 million vehicles to install new Autopilot safeguards is adequate......»»

Category: topSource:  autonewsRelated NewsApr 26th, 2024