How do auto suppliers gain leverage in renegotiating contracts? Bankruptcy
With hopes of achieving better contract terms, more automotive suppliers are resorting to bankruptcy — or at least threatening it — in what has become in some cases a high-stakes game of chicken with customers......»»
SpaceX prevails over ULA, wins military launch contracts worth $733 million
SpaceX and ULA were eligible to compete for eight launches, and SpaceX won them all. The US Space Force's Space Systems Command announced Friday it has ordered eight launches from.....»»
Column: Good or bad, artificial intelligence is permeating the auto industry
Whether AI is really ready to revolutionize every element of the auto industry remains to be seen. But it does seem likely to do so eventually......»»
Ally Q3 earnings: net income up 20% despite weak auto finance quarter
Ally Financial's net income rose by more than 20 percent during the third quarter, supported in part by the tax credits it captured from a new emphasis on writing car leases. But Ally's Q3 2024 earnings were hindered by a more than 50 percent decline.....»»
Hyundai internship hopes to accelerate automotive media diversity
HBCU students at Florida A&M gain hands-on experience and networking opportunities to break into the automotive industry......»»
M4 MacBook Pro production appears well underway, as launch expected soon
We’re expecting Apple to launch the M4 MacBook Pro by the end of the month, and supply-chain reports appear to corroborate this. Revenue and shipment reports from three Mac suppliers suggest that production is well underway, as Apple stockpiles.....»»
Daily 5 report for Oct. 16: Detroit 3 suppliers face major conundrum on China business
Many suppliers who bought into rosy EV production forecasts from their Detroit 3 customers now face the reality of unmet expectations......»»
GM wheel supplier files for Chapter 11 bankruptcy amid pricing dispute
Accuride and its subsidiaries petitioned for voluntary Chapter 11 bankruptcy protection in Delaware and in Canada, aiming to shed debt and money-losing business......»»
Why The Rock beats politicians for trust and leadership—and what would-be rulers can learn
Celebrities can have huge influence and reach enormous audiences. That's why Kamala Harris was happy to recently gain the endorsement of musician Taylor Swift......»»
True Value declares bankruptcy and sells itself to a hardware rival
True Value declares bankruptcy and sells itself to a hardware rival.....»»
FTC “click to cancel” rule seeks to end free trial traps, sneaky auto-enrollments
No more jumping through endless hoops to cancel subscriptions, FTC rule says. It will soon be easy to "click to cancel" subscriptions after the US Federal Trade Commission (FTC) .....»»
For the EV supply chain, it"s back to basics
Battery suppliers' optimism at The Battery Show was paired with caution......»»
AI helps suppliers reduce plant downtime, increase efficiency
Large suppliers including Bosch, Magna and Forvia are investing significant resources in AI tools they say will help them become more nimble......»»
For the EV supply chain, its back to basics
Battery suppliers' optimism at The Battery Show was paired with caution......»»
Detroit 3 suppliers face dilemmas on rapidly growing China EV business
As Ford, General Motors, Stellantis and other traditional automakers lose ground in China, their suppliers are scrambling to fill the void and preserve positions in what is now the world’s largest auto market. .....»»
F&I tip: Be available by phone to the lender on stipulation deal
Dealership staff should be sure their indirect auto lending partners can reach them by phone when a deal is contingent on the customer providing stips......»»
Rubrik DSPM for Microsoft 365 Copilot reduces the risk of sensitive data exposure
As organizations and their volume of Microsoft 365 data grow, protecting sensitive data and managing access has become even more important. The need for strong security and governance practices is only intensified as more organizations leverage power.....»»
N.Y. dealership sues former finance manager, alleges he accepted kickbacks from extended warranty vendor
A former finance manager took hefty kickbacks from a vendor of extended warranty contracts, according to a lawsuit filed by a New York City dealership......»»
Juiced Bikes offers 20% off on all e-bikes amid signs of bankruptcy
Juiced Bikes is offering 20% off on all its products amid mounting signs that the e-bike maker is going bankrupt......»»
Fisker bankruptcy plan approved after deal on vehicle tech support
Fisker's bankruptcy plan was approved after a deal was reached on vehicle tech support......»»
Daily 5 report for Oct. 11: Has the auto industry ever had more at stake in an election?
There's no question every facet of the auto industry will be impacted by the 2024 election......»»