NADA: FTC proposal on car dealers ‘severely flawed," should be withdrawn
The comments from the NADA were among thousands received by the FTC on its proposal to curtail bait-and-switch auto dealership price advertising, misleading F&I practices and F&I vehicle protection products......»»
Tesla, other EV makers likely cost California dealers $910 million in 2022 profit opportunity
The lost profit opportunity breaks down to nearly $700,000 per dealership......»»
UAW strikes Ohio battery plant that supplies GM, Ford
Workers at a Clarios battery plant in Holland, Ohio, began striking Monday after voting down a contract proposal that would have reduced overtime pay. The plant produces up to 150,000 batteries each week for Ford and GM......»»
NADA Data: 2022 new-car inventory up; vehicle sales per dealership down
Franchise dealerships' total payroll in 2022 was up from 2021, but the average number of new and used vehicles sold per employee fell......»»
UAW workers on strike at Clarios battery plant
Workers at a Clarios battery plant in Holland, Ohio began striking Monday after voting down a contract negotiation proposal that would have reduced overtime pay. The plant produces up to 150,000 batteries each week for Ford and GM......»»
Full-size trucks are easier to find after shortages as spring selling season intensifies
An easing of the pickup shortages that persisted for years could help dealers as the spring selling season heats up......»»
Carvana"s creditors offer to swap debt for equity, defer payment
Creditors holding about 90 percent of Carvana Co.'s bonds have been pitching the beleaguered used-car company on ways to pare down debt and improve liquidity, including a proposal for a debt-for-equity swap, according to people with knowledge of the.....»»
Apple quietly drops lawsuit against former Apple Silicon exec who left company to run his own chip startup
Apple has quietly withdrawn its lawsuit against former executive Gerard Williams III, in a filing posted on Friday (via Bloomberg). Williams was described as critical to the development of the high-performance A-series and M-series Apple Silicon chi.....»»
A Proposal to Change Medical Training Will Affect Autism Care
The prevalence of autism and other developmental disorders is rising. Changing who teaches early-career pediatricians about these issues will negatively affect children’s health.....»»
Furious Microsoft boss says confidence in UK "severely shaken"
Stopping it buying gaming giant marks firm's "darkest day" in UK, as it says EU a better place to start a business......»»
Meta"s revised auto listing restrictions have mixed effect on dealers
Meta as of Jan. 30 stopped letting dealerships create used-vehicle listings using a Facebook business page......»»
NAMAD seeks president after Hugene Fields departure
Hugene Fields, a newcomer to retailing who joined the minority auto dealers association last fall, departed March 31......»»
LinkedIn Live talk on EV tax credits: What"s eligible, what"s not and why
Join Automotive News for a live talk at noon Eastern on April 26 on the new EV tax credits, eligible vehicles, and what this means for dealers......»»
Tesla Won Early Owners With Lifetime Free Supercharging – Now It Wants Them To Give It Up
Tesla has an interesting proposal for older Model S and Model X owners, but is it worth giving up unlimited free supercharging? We have all the details. Tesla has an.....»»
Lincoln"s plan to regain ‘mojo": Fewer dealers, more fluid EV strategy
After three years of declining U.S. sales, the brand's new president says a smaller dealer network is needed to be successful......»»
What’s more prevalent than juice jacking? Fake public WiFi networks, says researcher
Juice jacking popped into the mainstream consciousness this month as the FBI shared a warning to avoid public device charging to protect against the rise of malicious cables. While juice jacking can severely compromise devices, one security expert i.....»»
Why floorplanning can be a profit center or cost for dealers
Floorplanning, which is the financing surrounding the car dealer's wholesale vehicle purchase, is expected to flip to become a cost for dealers this year, as opposed to a profit......»»
Work Truck helps dealers grow commercial vehicle sales
Work Truck Solutions, founded by Kathryn Schifferle, helps dealers better manage their commercial inventory and connect with buyers......»»
Credit unions expected to remain an auto lending force
Car dealers share their strategies for handling the competition credit unions pose to revenue from indirect auto loans......»»
Plan for new Apple offices in Cupertino faces public hearing next week
A proposal to demolish an existing Apple building in Cupertino and replace it with new Apple offices on the same site faces a public hearing next week. The proposed new building will be twice the size and more contemporary in appearance. The city’.....»»
EPA proposal takes on health risks near US chemical plants
In what could prove a significant move for communities facing air pollution, the Environmental Protection Agency proposed on Thursday that chemical plants nationwide measure certain hazardous compounds that cross beyond their property lines and reduc.....»»