Honda to trim U.S. dealer profit margins
The company is also making some reductions and changes in marketing, advertising and service payments as it adjusts spending for the shift to electric vehicles......»»
Tracing millions of years of geologic stress in the Andean Plateau
The Andean Plateau in South America rises, on average, more than 4,000 meters above sea level, formed by orogenic uplift that began more than 20 million years ago. Orogeny occurs at convergent plate margins as compressed plates crumple upward, result.....»»
CDK ransom money goes through extensive money laundering schemes before reaching hackers
CDK Global likely paid a hacker group around $25 million in ransom June 21 to address the cyberattacks that led to significant software outages across the car dealer industry, CNN reported......»»
Service departments weigh benefits, drawbacks of recouping credit card fees from customers
As dealer profits fallfrom pandemic highs, a growing number of retailers are considering a controversial tactic to help offset one of their top monthly costs: surcharges on credit card transactions in the service lane......»»
How Honda’s new Twitch partnership marks a shift in its gaming strategy
Auto brand will sponsor tournament series Twitch Rivals and reach gamers in the chat feature......»»
What to know about dealer, consumer, employee CDK lawsuits
As of July 11, consumers, dealerships and current and former auto retail employees have filed 10 federal lawsuits against CDK Global in connection with the company's 2024 cyberattacks and outage. Here's an overview......»»
Honda leaps Stellantis, pickups down in "24
Although the industry grew 2.2% in the first half of the year, GM, Hyundai-Kia, Stellantis and Tesla experienced declines......»»
Jaguar Land Rover will ax five "zero profit" models this year
Jaguar's lineup will be reduced to just one model ahead of the launches of new-generation EVs......»»
Settlement near in Conn. Subaru dealership spot delivery lawsuit after March ruling
A settlement is near after U.S. District of Connecticut Judge Omar Williams this spring refused to dismiss a consumer's lawsuit over a Vernon, Conn., car dealer's spot delivery behavior. Pablo Castellanos-Hernandez alleged Suburban Subaru violated th.....»»
Dealer Advantage Group: Leveraging brands like Lucas Oil the future of F&I
Dealer Advantage President Shawn McCool said to incorporate a brand familiar to consumers rather than one known only within the industry......»»
DMS company Tekion sells Buick-GMC dealership near Calif. headquarters
Gilroy Buick-GMC, about 60 miles from Tekion Corp.'s Silicon Valley headquarters, was one of two stores the firm bought to test its dealer management system technology......»»
Toyota joins group of automakers to help build EV charging network
Seven automakers, including Mercedes-Benz, GM, Stellantis, Honda, BMW and Hyundai-Kia formed IONNA as a joint venture last year to develop a fast-charging network that would compete with the Tesla Supercharger network......»»
Honda to end vehicle output at one of two Thailand assembly plants
The move highlights the tougher conditions Japan's second-biggest automaker faces in the Southeast Asian nation as Chinese brands aggressively seek to gain market share in Thailand and consumer demand for EVs grows......»»
Beryl knocks out power to some Houston area car dealerships, prompts CarMax store closures
One dealer said his dealership group was mostly prepared for Beryl, but high winds and severe weather affected some of its Houston stores July 8......»»
Massive car dealer ransom attack is mostly over after 2 weeks of work-arounds
CDK outage likely slumped June auto sales, may have cost more than $600M. Enlarge / Vehicles for sale at an AutoNation Honda dealership in Fremont, California, US, on Monday, June 24, 2024. (credit: Getty Images) After.....»»
To save bees, scientists say focus on habitat first, then pesticides
Worldwide, hedgerows and wild grass in field margins which previously served as semi-natural habitats are being swallowed up into agricultural production. While scientists have suggested both pesticide use and habitat loss are detrimental to pollinat.....»»
Nissan, Honda consider partnering on software, EV charging infrastructure, report says
Two of Japan's three biggest automakers are looking to jointly develop the operating system that controls cars in a bid to bring down costs, according to Nikkei......»»
CDK says "substantially all dealer connections are live" as DMS reboot moves ahead of schedule
CDK statement: "We are ahead of the anticipated schedule, and as of this morning, substantially all dealer connections are live on the Dealer Management System.".....»»
Kia lawsuit says dealer defrauded automaker out of more than $500,000
Kia America has accused a New England dealer, his six present and former franchised dealerships and its COO of racketeering, fraud and related wrongdoing for a scheme that allegedly bilked the automaker out of hundreds of thousands of dollars......»»
Kia lawsuit says dealer defrauded them out of more than $500,000
Kia America has accused a New England dealer, his six present and former franchised dealerships and its COO of racketeering, fraud and related wrongdoing for a scheme that allegedly bilked the automaker out of hundreds of thousands of dollars......»»
Departing American Honda sales chief leaves behind surging hybrid sales, new EVs, flexible operations
As the automaker enters the second half of the year, Mamadou Diallo leaves amid strong hybrid demand, the rollout of two new EVs and an expected 10 percent gain for American Honda in 2024......»»