Sonic Automotive Q1 net income drops 51%
Sales at Sonic Automotive's EchoPark brand rose 34 percent in the first quarter, but the auto retailer saw lower gross profits per new and used retail vehicles, as well as lower sales volume from its franchised dealerships......»»
Awesome deal: This Lenovo IdeaPad is $320 off today at Best Buy
The Lenovo IdeaPad 1, a reliable laptop with decent specifications, is available from Best Buy with a $320 discount that drops its price to an affordable $480......»»
People underestimate the income of the top 1%, researchers find
People selectively underestimate how rich the world's richest people are, according to a study. Increasing income inequality in many countries is driven by steep gains among the top 1% of earners. In the United States, support for policies that would.....»»
Holand Automotive Group buys Ferrari store in California
Holand Automotive Group has acquired Ferrari of Rancho Mirage, adding a second California dealership to its growing U.S. footprint. .....»»
Top 5 stories of the week: Stellantis dealers point finger at CEO; GM-Hyundai collaboration
A quick look at the top automotive stories of the week as determined by reader interest......»»
Global warming"s economic blow: Risks rise more rapidly for the rich, study finds
In a new study by the Potsdam Institute for Climate Impact Research (PIK), researchers analyzed how erratic weather events, increasingly intensified by global warming, affect global production and consumption across different income groups. The paper.....»»
U.S. vehicle inventory hovers below 3 million
New-vehicle inventory in the U.S. was at 2.91 million last month, down slightly from the previous month, Cox Automotive said......»»
Nissan cuts output of 2 core models, including bestselling Rogue
In a memo to retailers obtained by Automotive News, Nissan said it will cut production of the Rogue crossover and Frontier pickup by up to 40,000 vehicles......»»
Woman drips with sweat from a bite of food due to rare nerve-wiring mix-up
After just 75 seconds of chewing, large drops of sweat ran down the woman's face. Enlarge (credit: Getty | MICHAEL KAPPELER) The human body is full of marvels, some even bordering on miraculous. That includes the limited.....»»
Lucid teases midsize model for 2026; says Gravity EV will use Tesla"s NACS plug next year
Lucid's three-row Gravity crossover will use Tesla's NACS plug next year while its lower-cost midsize model will target the Tesla Model Y in 2026, CEO Peter Rawlinson tells Automotive News......»»
Ex-NFL wide receiver Kevin Johnson buys Ford car dealership
Drafted by the Cleveland Browns, Kevin Johnson ended his football career in Detroit. The dealership acquisition marks Johnson's foray into automotive retail......»»
Lucid teases "midsize" model for 2026; says Gravity EV will use Tesla"s NACS plug next year
Lucid's three-row Gravity crossover will use Tesla's NACS plug next year while its lower-cost 'midsize' model will target the Tesla Model Y in 2026, CEO Peter Rawlinson tells Automotive News......»»
X hires ex-Hyundai marketer Angela Zepeda as global head of marketing
X CEO Linda Yaccarino says the former automotive marketer will “further shape our transformation.”.....»»
Asbury not the only company to battle the FTC instead of settle, attorney says
Jean Noonan, a partner at the Hudson Cook law firm and a former Federal Trade Commission regulator, discusses settling FTC investigations versus fighting them as the car dealer Asbury Automotive Group has done......»»
Belief in academic ability key factor in academic success for low-income students
A strong belief in their own academic ability can help children from low-income families defy the odds and achieve academic success, according to new research from Trinity College Dublin......»»
Asbury denies FTC allegations, outlines internal processes in new filing
Asbury Automotive Group Inc. described internal policies on payment quotes and auditing deals for compliance in its formal answer denying the Federal Trade Commission's allegations against the national dealership group......»»
Exploring how income, race and design affect pedestrian casualties
Pedestrian fatalities in the United States have increased more than 50% over the last decade, with 1 in 6 traffic deaths involving pedestrians. Programs like Vision Zero and Safe Systems focus on making transportation safe for vulnerable users, prima.....»»
47 states fail to meet the ideal ratio of chargers to EVs, report says
Only the District of Columbia and three states — Vermont, Massachusetts and Rhode Island — have the prime ratio of electric vehicles to public chargers, according to the report by Here Technologies and SBD Automotive......»»
Top 5 stories of the week: Jeep gets new North America boss; August U.S. vehicle sales
A quick look at the top automotive stories of the week as determined by reader interest......»»
Top 5 stories of the week: Jeep gets new North America boss; August vehicle sales strong
A quick look at the top automotive stories of the week as determined by reader interest......»»
Why are U.S. dealers getting more pessimistic about the market? This Cox Q3 poll gives clues
Pessimism crept into franchised car dealers' outlooks during the third quarter, according to a Cox Automotive Dealer Sentiment Index poll, which also found that interest rates and consumers' political uncertainty continue to burden dealerships......»»