Per-vehicle F&I profit down for 4 publics
Average F&I profit per vehicle retailed in Q1 rose slightly at AutoNation and Sonic, while other publics saw a decline......»»
U.S. issues $2 billion electric vehicle tax rebates since Jan. 1, Treasury says
The U.S. government has issued $2 billion in advance point-of-sale consumer EV tax credit payments since Jan. 1 covering more than 300,000 vehicles, the Treasury said Oct. 1......»»
Xiaomi’s SU7 is Selling Like Hotcakes
The company now aims to sell 20,000 units in October. The post Xiaomi’s SU7 is Selling Like Hotcakes appeared first on Phandroid. Xiaomi’s official debut of its first-ever electric vehicle was accompanied with much hope and opt.....»»
Kia goes commercial with EV fleet gambit in new markets, including Japan
Kia enters the finicky Japan market for the first time in decades with plans to sell its Platform Beyond Vehicle commercial EVs to fleet customers. The Korean carmaker pushes PBVs that stretch its carefully curated, consumer-oriented brand image......»»
Q3 sales slip at GM; September volume off at Toyota, Hyundai, Kia
U.S. new-vehicle sales are expected to drop in September and the third quarter, with analysts expecting volatility the rest of the year as affordability remains a challenge and the U.S. presidential election looms......»»
Q3 sales slip at GM; September volume off at Hyundai, Kia; Mazda gains
U.S. new-vehicle sales are expected to drop in September and the third quarter, with analysts expecting volatility the rest of the year as affordability remains a challenge and the U.S. presidential election looms......»»
Port workers strike from Texas to Maine, threatening light-vehicle shipments
The strike could stop the flow of everything from food to automobiles at major ports, potentially jeopardizing jobs and stoking inflation weeks ahead of the U.S. presidential election......»»
September sales fall at Hyundai, Kia
U.S. new-vehicle sales are expected to drop in September and the third quarter, with analysts expecting volatility the rest of the year, as affordability remains a challenge and the U.S. presidential election looms......»»
A Tesla camera in Ohio captures heist as police discover a new crime-fighting tool
A Tesla owner in Toledo, Ohio, shared video footage of thieves stealing his brother's SUV, helping police recover the vehicle and make an arrest. Tesla external security cameras are assisting with similar crimes nationwide......»»
Stellantis cuts 2024 profit outlook as US sales crisis deepens
Stellantis cuts 2024 profit outlook as US sales crisis deepens.....»»
Report warns of missed opportunities by police in the fight against economic crime in the UK
Despite soaring levels of economic crime, police forces are not fully utilizing the vast resources and expertise available in the private and not-for-profit sectors, warns a new report......»»
Stellantis cuts 2024 forecast on costs for U.S., Chinese competition
The profit margin will be dented by lower-than-expected sales in the second half across most regions, Stellantis said. .....»»
Daily 5 report for Sept. 26: This Jeep story reinforces why auto shows are suffering
What better way to make a new-vehicle splash than to do the unveiling on the 46th floor of a Tokyo high-rise with a breathtaking view of the nation's capital?.....»»
EV sales remain healthy despite online doom and gloom
Battery EVs are expected to account for more than 8 percent. Enlarge (credit: Aurich Lawson | Getty Images) Battery-electric vehicles accounted for 8 percent of new vehicle sales in June and July of this year and should.....»»
OpenAI drops nonprofit status in large-scale reorganization
OpenAI is reportedly planning to scrap the nonprofit structure of its core business in favor of a for-profit model that will be more attractive to investors......»»
Samsung Wants Better Software Integration Between Cars and its Phones
Samsung recently announced a new collaborative effort alongside Hyundai Motors and Kia. The post Samsung Wants Better Software Integration Between Cars and its Phones appeared first on Phandroid. The continued modernization of in-vehicle i.....»»
OpenAI plans tectonic shift from nonprofit to for-profit, giving Altman equity
Under plans that have attracted criticism, shift may give Altman 7% equity in the firm. Enlarge (credit: Benj Edwards / OpenAI) On Wednesday, Reuters reported that OpenAI is working on a plan to restructure its core busi.....»»
CarMax"s Q2 net income rises 12%, revenue falls less than 1%
CarMax said it retailed 211,020 used vehicles in its second fiscal quarter, up 5.1 percent year over year. Same-store used-vehicle retail sales rose 4.3 percent......»»
Study reveals mallards" flight responses ineffective in preventing vehicle collisions
An article published in PeerJ Life & Environment has uncovered insights into how mallards (Anas platyrhynchos) respond to approaching vehicles, revealing that these common waterbirds are poorly equipped to avoid collisions, particularly at high speed.....»»
With fewer prime used cars, dealers innovate in complex market
Fewer off-lease vehicle returns predicted for 2024 and 2025 set the stage for more competition for less-aged used vehicles and higher costs to acquire them......»»
Rolls-Royce brings white-glove vehicle customization to U.S.
The New York Private Office joins similar hubs in Dubai and Shanghai. Los Angeles and Miami are on the short list for a future design studio......»»