Lithia enters U.K. with acquisition of Jardine Motors
Lithia Motors CEO Bryan DeBoer confirms the acquisition of one of Europe's biggest dealership groups, part of the No. 1 U.S. auto retailer's big expansion plans......»»
Six public franchised dealership groups sweeten 2023 CEO pay with extras as Lithia"s DeBoer sees largest gain
Lithia, AutoNation, Asbury, Penske, Sonic and Group 1 pay a relatively modest base CEO salary but then sweeten compensation with other incentives. DeBoer's 2023 total jumps 73 percent......»»
GM, LG reach $150 million settlement over Chevrolet Bolt EV battery fires, recall
General Motors and LG Energy Solution have reached a $150 million settlement over Chevrolet Bolt EV battery fires. The deal would give owners of recalled Bolts $700 or $1,400, depending on whether they had their EV battery replaced......»»
$59B UAW retiree benefits trust hires ex-GM exec as CEO
The UAW Retiree Medical Benefits Trust has appointed a former General Motors Co. executive as its CEO. Jessica Gubing will take on the role June 4, heading up a trust launched in 2010 to protect retiree health benefits, which has grown to $58.6 billi.....»»
Could your car power your home? GM makes it a reality in EV truck demo.
GM's Ultium-based EVs can power your house during an outage. Enlarge / GM used a Silverado EV to power a 10,000-square-foot house as a demo of its Home Energy system. (credit: General Motors) LOS ANGELES—Let's face it:.....»»
VMware Fusion, Workstation now free for home use, subscription-only for businesses
Free for personal use, but businesses will have to fork over $120 per year. Enlarge (credit: VMware) Broadcom's acquisition of VMware last year has led to widespread upheaval at the company, including layoffs, big change.....»»
Miami dealership outfits police department with Rolls-Royce
Miami Beach police plan are using a 2012 Rolls-Royce Ghost on loan from Braman Motors as a recruitment tool......»»
Honda OK to reject store acquisition by poor-performing dealership, court rules
For the third time, a Honda dealership with one of the lowest retail sales effectiveness scores in Ohio has lost a bid to require American Honda Motor Co. to approve its acquisition of another store......»»
Transforming common soft magnets into next-generation thermoelectric conversion materials with 3-minute heat treatment
A research team from NIMS and Nagoya University has demonstrated that an iron-based amorphous alloy, widely used as a soft magnetic material in transformers and motors, can be transformed into a "transverse" thermoelectric conversion material that co.....»»
Accounting change drives down Cars Commerce Q1 net income
Cars Commerce's 2023 acquisition of D2C Media helped promote revenue gains, and price increases helped boost average revenue per dealer......»»
Canada"s Steve Marshall Group enters U.S. via Hawaii, buys Ford dealerships
The second-quarter acquisition marks the British Columbia group's first dealerships in the U.S......»»
GM tries to lure Tesla’s jilted interns during mass downsizing
General Motors Co. hopes to take advantage of Tesla Inc.’s downsizing, with a company recruiter reaching out to former interns who were sent packing by the electric-vehicle maker......»»
Appeals court upholds GM termination of N.J. dealership
A federal appeals court has upheld the right of General Motors to terminate a Cherry Hill, N.J., Chevrolet dealership based on hundreds of allegedly bogus and questionable warranty repair claims, including work purportedly done on "ghost vehicles.".....»»
2024 Acura ZDX born from ‘good collaboration" with General Motors, chief engineer says
Acura worked closely with General Motors to ensure that the co-developed ZDX midsize crossover hit the import brand's performance goals......»»
GM will take top 2 floors at Hudson"s Detroit for new HQ — for now
More details are coming to light about General Motors Co.’s footprint in the Hudson’s Detroit property as it moves its headquarters out of the Renaissance Center. .....»»
Lithia trims U.K. car dealership network after Pendragon deal
Lithia Motors is paring its U.K. auto retail footprint with cuts to the Pendragon network after entering and expanding throughout the country in the past 13 months. It's dropping 16 used-car CarStore locations and rebranding 11 others......»»
Goldman in talks with Barclays on GM Credit Card deal, WSJ Says
Goldman Sachs Group Inc. is in discussions to transfer its General Motors Co. credit-card business to Barclays Plc. The British lender is the lead candidate to take over the credit card portfolio with about $2 billion in outstanding balances,.....»»
An inside look at General Motors’ massive gamble in ditching CarPlay
A little over a year ago, General Motors made what may well turn out to be one of its biggest gambles in many years: dropping support for CarPlay for all future EVs. To most of us, the decision seemed insane, likely to result in a huge number of l.....»»
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......»»
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......»»
Researchers suggest that mechanical pressure triggers a key event in HIV infection
It has been more than 40 years since the beginning of the HIV/AIDS epidemic and scientists still don't fully understand how HIV enters and replicates in human cells, which has hindered the development of treatments......»»