Shareholder files lawsuit in U.S. court against LMP Automotive after stock plunge
A shareholder has filed a lawsuit seeking class-action status against LMP Automotive Holdings Inc. The small publicly held dealership group also has said it will restate financial statements for the first, second and third quarters of 2021......»»
New-vehicle inventory continues pullback to 2.78 million, Cox says
New-vehicle inventory levels pulled back in September to 2.78 million, down from 2.91 million the previous month, according to Cox Automotive......»»
Male CEOs viewed positively for assertive activism stances, study reveals
Investors view CEOs more favorably when they respond to shareholder activism in ways that conform to gender stereotypes, according to new Cornell research......»»
U.S. appeals court judges challenge NADA, FTC in oral arguments for CARS Rule case
U.S. appeals court judges during oral arguments Oct. 9 delved into the National Automobile Dealers Association challenge and Federal Trade Commission's defense of the CARS Rule regulations looming over dealerships......»»
Wildlife populations plunge 73% since 1970: WWF
Wild populations of monitored animal species have plummeted over 70 percent in the last half-century, according to the latest edition of a landmark assessment by WWF published on Thursday......»»
Daily 5 report for Oct. 9: Yes, really, Gen Z and millennials are collecting cars
Automotive News report dispels the myth that younger generations aren't partaking in the joy of collecting cars......»»
X reinstated in Brazil after Musk pays fines, agrees to follow local laws
X blocked accounts and paid $5 million in fines to get back online in Brazil. Brazil's Supreme Court is allowing Elon Musk's X to resume operations, apparently ending a months-lon.....»»
Kinetic teams with Young Automotive Group to open digital repair hub in Salt Lake City area
Kinetic, which offers precision digital sensor recalibration for advanced driver-assistance systems, has partnered with Young Automotive Group to open a new hub in suburban Salt Lake City......»»
The legality of free music streaming app Musi may be settled as developer sues Apple
The legal status of the free music streaming app Musi has long been unclear – but the matter may now be settled, thanks to a lawsuit the developer has filed against Apple. Musi sourced its music from YouTube using a method it claims was perfectl.....»»
Former general manager forms auto group, buys first dealerships
A former general manager has purchased his first dealerships, in Iowa, as part of the newly created Coleman Automotive Group......»»
Brazilian court unblocks X after company pays fines and complies with orders
We reported in August that the social network X was banned in Brazil following a dispute between Elon Musk and the Brazilian Supreme Court. More than a month later, the Musk-owned company has backtracked and decided to comply with the Brazilian court.....»»
Daily 5 report for Oct. 8: How does a flooded car catch fire? Here"s how
In a hurricane, often, a dealership is damaged. Or an auto parts plant gets shut down. Sometimes, an assembly plant goes offline. But in the aftermath of Helene, an unanticipated automotive story: cars that catch fire in a flood......»»
VIP Automotive Group, Stellantis dealership face sexual harassment allegations in EEOC lawsuit
Male employees at the Hempstead, N.Y., dealership allegedly harassed female colleagues, creating a hostile work environment, according to the lawsuit......»»
KC Crain: Approaching a century of Automotive News
Throughout 2025, we will honor our legacy by connecting topics of today with our historical coverage as we look ahead to the next 100 years......»»
Apple kicked Musi out of the App Store based on YouTube lie, lawsuit says
Popular music app says YouTube never justified its App Store takedown request. Musi, a free music-streaming app only available on iPhone, sued Apple last week, arguing that Apple.....»»
EVs, China and an election make for a turbulent political stew in Michigan
It is complicating Michigan’s efforts to lead the next stage of automotive evolution and highlighting geopolitical tensions with China......»»
Linamar finds all N.C. employees safe after Hurricane Helene; recovery efforts continue
The Canadian automotive supplier is slowly getting operations running at two plants in western North Carolina. The full extent of the damage remains unclear......»»
Asbury asks court to block FTC administrative law case, calls agency system unconstitutional
Asbury Automotive Group on Oct. 4 asked the U.S. District Court for the Northern District of Texas to block the Federal Trade Commission's administrative law case against the group, arguing that the FTC's separate internal legal proceedings against i.....»»
Microsoft Word may delete your files — here’s how to avoid it
A new bug in Microsoft Word is randomly deleting user files, but we know how to work around it......»»
Georgia Mercedes dealership sues commercial vehicle customizer for nearly $5 million
A Georgia dealership sued a South Carolina company for nearly $5 million for failing to pay for 83 Mercedes-Benz vehicles it bought in 2023, according to a federal court suit......»»
SCOTUS denial ends saga of Shkreli’s infamous 5,000% drug price scheme
The Supreme Court offered no explanation for denying the petition. The legal saga over Martin Shkreli's infamous 5,000 percent price hike of a life-saving anti-parasitic drug has.....»»