Three dealerships sold in Tennessee
Dealer Bill Gatton has sold three of his dealerships, all in Bristol, Tenn., to different buyers this quarter......»»
Europe Gets an Exascale Supercomputer
Frontier, the world’s first exascale supercomputer—or at least the first one that’s been made public—is coming online soon for general scientific use at Oak Ridge National Laboratory in Tennessee. Another such machine, Aurora, is seemingly.....»»
Looking for a new EV? Don’t get suckered by the top-of-the-line model
From Polestar 2 to Porsche Taycan, the cheapest, least powerful version is the one. Enlarge / Our Creative Director didn't know that I have a fondness for the Ford Ka and still miss the one I sold before moving to America, but I.....»»
LIFO tax relief for dealers left out of $1.7 trillion government funding bill
The nearly $1.7 trillion omnibus spending package was seen as one of the last legislative vehicles for a bill that would have provided relief to dealerships that use the "last in, first out" inventory accounting method......»»
Automotive chip shortages to continue throughout 2023, industry says
Chipmakers are adding more capacity but are effectively sold out until 2024. Enlarge / Some analysts have estimated that the chip shortage has caused new car prices to rise by 16 percent in two years. (credit: golibtolibov/getty.....»»
Buick dealers face at least $300,000 investment to sell and service EVs
The General Motors brand said the minimum investment required of U.S. dealerships for tooling, training and other EV equipment is an estimated average and will vary based on the individual dealership......»»
Cavender Auto Family adds Subaru, Chevy and Buick-GMC dealerships
Cavender Auto Family, in its latest acquisition, added Subaru, Chevy and Buick-GMC dealerships, more than doubling its dealership count in Oklahoma......»»
Phison claims no stake in Hefei CoreStorage
Flash device controller IC specialist Phison Electronics has already sold its entire stake in Hefei CoreStorage Electronic, which is among the Chinese companies added to an export controls blacklist by the US Department of Commerce......»»
Steve Jobs hand-numbered Apple-1 sells for $442,118
An Apple-1 has fetched over $442,000 at auction, a board that's not only fully functional but also hand-numbered by Apple co-founder and CEO Steve Jobs.Apple-1 [RR Auction]The auctioned board, sold on December 15 by RR Auction, had an initial estimat.....»»
Dealership group builds web platform to boost used inventory
Per-vehicle gross profit for cars acquired through the website and sold by Performance Auto tends to be about $1,000 higher than for those purchased at auction, said the company's Nathan Myers......»»
Stellantis ramps up U.S. captive finance arm
Around 1,600 of the automaker's more than 2,600 U.S. dealerships have begun using the in-house financing arm since its launch just over a year ago......»»
Chevy, Ford, Mitsubishi and Buick-GMC dealerships sell in Q3, Q4 deals
Chevy, Ford, Mitsubishi and Buick-GMC dealerships traded hands in third- and fourth-quarter deals across five states. Lithia Motors was the seller in one deal......»»
Ensuring trust for high-value digital transactions
With the holiday season upon us, auto dealerships are facing an influx of consumers looking to swoop on end-of-year sales and holiday offers. While previous years saw a steady stream of buyers piling into dealerships and onto car lots to make their p.....»»
Swickard Auto Group adds Mercedes, Lexus, Acura, JLR and Honda dealerships
The Swickard Auto Group acquisition included four luxury stores and a Honda dealership in Southern California — and the group plans to buy three more dealerships in the region early next year......»»
Jonathan Sobel-led group buys Porsche, Audi, VW dealerships
Jonathan Sobel's group's purchase of Porsche, Audi and Volkswagen dealerships follows a $70 million investment from Franchise Equity Partners in October......»»
Elon Musk sells $3.6bn of shares in electric car maker Tesla
The sale brings the total of Tesla stocks sold by Mr Musk over the past year to almost $40bn......»»
Are accents disappearing?
In Boston, there are reports of people pronouncing the letter "r." Down in Tennessee, people are noticing a lack of a Southern drawl. And Texans have long worried about losing their distinctive twang......»»
Ultium Cells receives financial boost for new battery plants in US
General Motors and LG Energy Solution's battery joint venture got a US$2.5 billion loan from the US government. The loan will support Ultium Cells' three battery projects in Ohio, Tennessee and Michigan......»»
Asbury sells 9 North Carolina dealerships to Hudson Automotive
It was Asbury's second big batch of divestitures this year......»»
U.S. auto fleet fuel efficiency flat in 2021
The U.S. new vehicle automotive fleet's fuel efficiency was flat in the 2021 model year as automakers sold more sport utility vehicles and pickup trucks compared to cars......»»
GM and LG get $2.5 billion battery loan from the Department of Energy
11,000 new jobs will be created in Michigan, Ohio, and Tennessee. Enlarge / GM's Ultium batteries are modular. The largest packs are found in the Hummer EV, which carries a hefty 200 kWh. (credit: GMC) The US Department.....»»