Sonic cuts EchoPark footprint amid used-vehicle struggles
In a significant change of fortune for EchoPark, Sonic Automotive Inc. has indefinitely suspended operations at eight used-only locations and will take a second-quarter impairment charge......»»
Cox: Used-vehicle wholesale prices rose 2.8% in July from June
Used-vehicle wholesale values rose 2.8 percent in July from June, Cox said. Values in July 2024 were down 4.8 percent compared with a year earlier......»»
U.S. vehicle inventory remains under 3 million in July
New-vehicle inventory levels temporarily crossed 3 million for first time in four years during CDK outage, then retreated back, Cox said......»»
Stuck Starliner astronauts could be brought home on a SpaceX Dragon
NASA previously said it was focused on getting the astronauts home using the Starliner. But the agency is now considering using a different vehicle......»»
Investors back new car warranty marketplace startup Chaiz
The startup is seeking partnerships for its online marketplace for extended car warranties and vehicle service contracts.....»»
Big utilization drop for North American auto factories on the horizon as EV production begins
Automakers will build less than two-thirds of their vehicle assembly capacity in 2030, according to GlobalData......»»
TrueCar"s Q2 net losses decrease thanks to higher dealer franchise revenue
The CDK cyberattacks caused some impact, but the vehicle listings company reduced losses, grew revenue and formally launched its enhanced TrueCar+ pilot......»»
This indoor pizza oven deal cuts the price from $400 to $200, today only
The Cuisinart Indoor Pizza Oven, an easy-to-use kitchen appliance that can make up to 12-inch pizzas, is on sale from Best Buy for only $200, but not for long......»»
This Lenovo ThinkPad deal cuts the price by 68% — save $1,370
The dependable and versatile Lenovo ThinkPad L13 Yoga Gen 3 2-in-1 laptop is on sale from Lenovo with a massive 68% discount that drops its price to only $639......»»
GM’s Detroit agency cuts expected to cause big job losses — how one shop is helping talent recover
Doner pledges $1 million to hire Detroit talent as part of broader #HireDetroit program......»»
Audi and Costco Auto Program bring back new-vehicle incentives
Audi and Costco Auto Program brings back new-vehicle incentives with three incentives available: $1,000, $1,500 or $3,000......»»
GM’s Detroit agency cuts expected to cause big job losses—how one shop is helping talent recover
Doner pledges $1 million to hire Detroit talent as part of broader #HireDetroit program......»»
Sonic Automotive Q2 net income jumps despite CDK outage
Sonic Automotive's net income nearly doubled in the second quarter despite an outage related to the CDK cyberattacks......»»
UK beekeepers and scientists tackle sticky problem of honey fraud
Lynne Ingram cuts a peaceful figure as she tends to a row of humming beehives in a leafy corner of Somerset, southwest England......»»
After slowdown last year, Carvana could again hit 400,000 used-vehicle sales in 2024
Carvana is starting to grow again and moving to capture used-vehicle market share, CEO Ernie Garcia said......»»
15,000 Intel job cuts announced, with Apple and Microsoft key factors in the decline
Some 15,000 Intel job cuts have been announced by the company, as it implements a $10B cost-reduction program to try to resolve its financial difficulties. Intel CEO Pat Gelsinger told employees that revenues have not grown in the way the company.....»»
Magna, in unusual step, lowers 2026 outlook on EV uncertainty, contract assembly woes
Magna International took the unusual step of lowering its outlook for its 2026 financial performance as it grapples with automakers reducing, postponing or canceling electric vehicle plans amid soft sales growth......»»
Seating supplier to cut jobs in Detroit after truck discontinuation
Bridgewater Interiors LLC is planning to lay off 63 employees at its Detroit plant after Stellantis NV discontinues the Ram 1500 Classic. The seating supplier said it expects to make the permanent cuts by the end of September, according to a WARN.....»»
First 3D visualization of an aluminum nanocomposite for the auto industry
Manufacturing cars with strong, lightweight aluminum alloys rather than steel could improve fuel efficiency and extend electric vehicle range, but the material's instability at high temperatures has held the alloys back from widespread adoption......»»
The 10 things car buyers say they want in their next car
The data explains why we keep seeing certain features on many new cars. Enlarge (credit: Getty Images) A wireless charging pad is now the most-desired in-car feature among people intending to buy a new vehicle. Being abl.....»»
Hyundai gains 4% while Toyota, Kia slip in July; overall market expected to rise
The U.S. light-vehicle market rose 1 to 3 percent in July, analysts said, as many dealers recovered from the CDK cyberattacks that knocked new-car sales offline in late June......»»