GPB Capital founder David Gentile found guilty in Ponzi-like fraud that included dealerships
Gentile’s co-defendant, Jeffry Schneider, who ran Texas-based Ascendant Capital, also was convicted of securities fraud and conspiracy charges by a federal jury in Brooklyn, N.Y., following a trial that lasted more than seven weeks......»»
Gearbox founder says Epic Games Store hopes were “misplaced or overly optimistic”
Pitchford's prediction that Steam could be "a dying store" have not come to pass. Enlarge / Artist's conception of Randy Pitchford surveying the Epic Games Store landscape years after Borderlands 3's exclusive launch there. (cred.....»»
Fraud tactics and the growing prevalence of AI scams
In the first six months of 2024, Hiya flagged nearly 20 billion calls as suspected spam – more than 107 million spam calls everyday. The data showed spam flag rates of more than 20% of unknown calls (calls coming from outside of someone’s address.....»»
Dealerships kept contracts digital in Q2 despite CDK Global outage, Wolters Kluwer says
Car dealerships sent auto lenders more digital car loan contracts in the second quarter opting against paper documentation, despite the CDK Global outage in June following two cyberattacks......»»
Xiaomi, eyeing Europe, will swallow EV losses to join Tesla in big leagues
Xiaomi’s founder Lei Jun has pledged to invest $10 billion to make EVs as the company aims to become one of the world’s top five automakers. .....»»
Feds’ probe of hard braking in Cruise robotaxi crashes ends after recall
Software updates stopped Cruise robotaxis from brake-checking other road users. Enlarge / A Cruise robotaxi seen in San Francisco in 2023. Later that year, Cruise paused operations, resuming them in May 2024. (credit: David Paul.....»»
Fed’s probe of hard braking in Cruise robotaxi crashes ends after recall
Software updates stopped Cruise robotaxis from brake-checking other road users. Enlarge / A Cruise robotaxi seen in San Francisco in 2023. Later that year, Cruise paused operations, resuming them in May 2024. (credit: David Paul.....»»
Property insurance: Dealer hurdle over EVs
Zurich Insurance Group issues recommended best practices for dealerships servicing EVs that could add costs......»»
1 Thing We"re Talking About: MyKaarma, Sunbit integrate to bring customers flexible repair payment options
Service drive payment and communication platform myKaarma has integrated with Sunbit, a financial technology solution provider found at more than half of U.S. franchised dealerships......»»
F&I tip: CarShield case a reminder to make sure customers understand service contracts
There's a lesson for dealerships in the $10 million CarShield settlement with the Federal Trade Commission, says Zeigler Auto Group COO Sam D'Arc: Make sure staff can explain what customers are buying......»»
Study unveils sustainable solution to vitamin B12 deficiency
In new research published in the journal Discover Food, Dr. Asaf Tzachor, Founder and Academic Director of the Aviram Sustainability and Climate Program at Reichman University, along with a team of researchers from Iceland, Denmark and Austria, repor.....»»
Ticketmaster SafeTix move was deliberately anticompetitive, says DOJ lawsuit
Ticketmaster SafeTix, a feature the company claimed was for fraud-prevention, was actually intended to make it harder for customers to buy their tickets from other resellers, according to an antitrust lawsuit. The complaint says this is proven by int.....»»
Scott Painter, TrueCar"s co-founder, reworks follow-up Autonomy
Autonomy is launching Autonomy Data Service, a platform for car dealerships and others that want to establish their own subscription service......»»
Open Road Capital adds five dealerships in two deals
Retail auto investment firm Open Road Capital and Jesse Hord bought four New York dealerships, while Open Road expanded on the West Coast in a new partnership......»»
Rhode Island dealerships settle deceptive sales claims for $1 million
Six Rhode Island dealerships have settled with the state attorney general over allegations of deceptive sales practices......»»
Is Alien the ultimate directors’ franchise?
From Ridley Scott to James Cameron to David Fincher, the Alien series has long functioned as a revolving door of great directors......»»
New AirPod models to be included in fall 2024 hardware lineup
Apple is likely to update its non-Pro AirPods lineup alongside other new hardware as early as next month, replacing the current entry-level second-gen AirPods.AirPods (second-gen), AirPods (third-gen), AirPods Pro.A new report from Bloomberg says App.....»»
Apple offers all-time high $300 welcome bonus for new Apple Card signups
Apple is making a new offer to select iPhone users to apply for its Apple Card credit card, including the highest "welcome bonus" the company has yet offered.$300 welcome offer included in recent emails to select Apple customers.The offer is being ex.....»»
Asbury vows "vigorous defense" against FTC complaint alleging consumer deception, discriminatory pricing
Asbury CEO David Hult: “We will not allow the FTC to coerce fines from us or subject us to onerous requirements that negatively impact the car-buying experience for our customers.".....»»
The Uncertain Path Forward for Psychedelic Medicine
After the FDA rejected its proposed MDMA treatment, Lykos Therapeutics is laying off 75 percent of its staff and its founder has left the company......»»
Coulter Motor Co. settles vehicle pricing add-ons case with FTC, Arizona for $2.6 million
The owner of dealerships Coulter Cadillac Tempe and Coulter Buick GMC Tempe and a former general manager of the stores have agreed to pay a combined $2.6 million to settle allegations of bait-and-switch advertising, price discrimination and improper.....»»