NAMAD taps retail outsider as first new president since 2006
Hugene Fields, 35, takes the minority dealer association's reins from longtime leader Damon Lester, who bought his own store last year......»»
Group 1 to acquire UK retail operations of Inchcape
Group 1 Automotive has agreed to buy U.K. dealership group Inchcape. The all-cash deal, announced Monday, is for $439 million and is expected to close in the third quarter......»»
GM plans to move HQ from RenCen to new skyscraper in downtown Detroit
For GM, the deal makes the automaker a long-term fixture in the revival of Detroit’s downtown, which billionaire Dan Gilbert has been spearheading by acquiring and developing 45 major office, retail and hospitality properties......»»
Column: When counting auto sales becomes almost as hard as autonomy
Mercedes-Benz USA is the latest automaker to buck traditional sales reporting, making the nation's retail market even more opaque......»»
New-car inventory and price changes approach normal in 2023, NADA report shows
The average retail selling price increased 1.6 percent to $47,014 in 2023, marking slower growth than the 9.2 percent increase in 2022......»»
TSMC’s $65 billion bet still leaves US missing piece of chip puzzle
TSMC will begin making 2 nm chips in Arizona starting in 2028. Enlarge / President Biden speaking at the official opening of TSMC’s first Arizona fabrication plant in December 2022. The Taiwanese chipmaker plans to start manufa.....»»
Biden plans sweeping effort to block Arctic oil drilling
The U.S. set aside 23 million acres of Alaska's North Slope to serve as an emergency oil supply a century ago. Now, President Joe Biden is moving to block oil and gas development across roughly half of it......»»
Allowing consumers who purchased goods online to return them to retail stores can be a win-win
Many consumers who shop online prefer to return items to brick-and-mortar stores rather than mail them back. In a new study, researchers assessed a new practice called return partnership, in which online retailers partner with retailers with physical.....»»
Key U.S. lawmaker urges Biden to permanently ban Chinese EVs from America
U.S. President Biden is considering hiking tariffs on Chinese EVs amid growing pressure on the White House to take further steps to prevent Chinese vehicle imports......»»
Q&A: El Niño drought leaves Zimbabwe"s Lake Kariba only 13% full—a disaster for people and wildlife
Water levels at Lake Kariba in Zimbabwe have dropped dramatically because of the latest El Niño drought. The country's president, Emmerson Mnangagwa, has declared a national disaster......»»
Coupon: save 84% on Babbel"s lifetime language learning subscription
Babbel's lifetime language learning subscription just dropped to $159.99 thanks to a limited-time promo code, reflecting a $440 discount off retail.Using promo code ENJOY20, shoppers can pick up a lifetime Babbel subscription for $159.99. The offer i.....»»
Stephen Colbert breaks down Trump"s shifting stance on abortion
Stephen Colbert discussed Donald Trump's shifting stance on abortion on "The Late Show". With Donald Trump in the news this week for his shifting stances on abortion, The Late Show host Stephen Colbert took aim at the former president's recent.....»»
CarMax Q4 net income falls 27% to $50M; revenue slips 1.7%
The company sold 172,057 retail used vehicles in its fiscal fourth quarter, up 1.3 percent from the year-earlier period. Same-store used-vehicle sales rose 0.1 percent......»»
Japanese astronaut to be first non-American to set foot on moon
A lucky Japanese astronaut will become the first non-American to set foot on the moon during one of NASA's upcoming Artemis missions, US President Joe Biden announced Wednesday......»»
Biden says Japanese will be first non-American on moon
A Japanese person will be the first non-American to walk on the moon, US President Joe Biden announced Wednesday during a state visit by Japan's prime minister......»»
Apple Store in New Jersey with over 100 employees petitions to unionize
We’ve seen some Apple Retail Stores seeking to unionize in recent years, especially after a store in Maryland became the first in the US to vote to unionize. Now the staff at Apple Short Hills in New Jersey has also petitioned to unionize. more.....»»
US announces tough tap water standards for "forever chemicals"
US President Joe Biden's administration on Wednesday announced the first nationwide tap water standards to protect the public from toxic "forever chemicals" linked to serious health harms ranging from cancers to developmental damage in children......»»
Buyer of $717K Ford GT files lawsuit saying previous damage not disclosed
A Florida dealer in collectible vehicles and a buyer have accused a Canadian dealership of failing to disclose the 2006 Ford GT Heritage Edition purchased for $716,800 had been seriously damaged in a crash and restored......»»
Apple expanding its Miami footprint with new offices and a retail store
Apple will soon move into a 45,000-square-foot office in Coral Gables just south of Miami, and it is expected to open a new store nearby.The Aventura Apple StoreApple Park may be an enormous office building that can hold 12,000 employees, but that's.....»»
BMW reveals new products, retail strategy at dealer meeting
BMW will use technology and data sharing with dealerships to improve the customer experience and drive loyalty and after-sales revenue......»»
Do immigrants and immigration help the economy?
When Americans mark their presidential election ballots later this year, immigration will be top of mind—it's the nation's number one issue, according to pollster Gallup. And one of the toughest talkers on the topic is former president and presumpt.....»»