Why dealership volumes at auctions are ‘No. 1 concern"
The role of AI and the potential impact of the presidential election also were among topics discussed by National Auto Auction Association leadership at Manheim Detroit......»»
Olympic arson attacks highlight growing danger of low-tech terrorism on public transit systems
As the Olympic torch was carried toward Paris for the 2024 Summer Games, flames of another kind were causing concern for the city's security chiefs. On the eve of the July 26 opening ceremony, a series of arson attacks disrupted travel into the capit.....»»
AI expected to improve IT/OT network management
Once a peripheral concern, OT security has become a mandatory focus for organizations worldwide, according to Cisco’s report. The report provides a comprehensive look at the challenges and opportunities as organizations strive to build a secure.....»»
California dealership to pay $290,000 to settle environmental violations complaint
Del Grande Dealer Group, in California's Bay Area, improperly disposed of automotive waste and failed to shred documents with customer information, authorities said......»»
Berkshire Hathaway may have continued its streak of selling off Apple stock
Well ahead of Thursday's earnings, the "Oracle of Omaha's" Berkshire Hathaway may have sold a very large quantity of Apple stock, marking the third consecutive quarter of big sales volumes.Warren Buffett [Berkshire Hathaway]Apple stock has had an int.....»»
Lithia increases stake in Pinewood DMS company to more than 25%
Lithia Motors Inc. now owns more than a quarter of the U.K. dealership management system provider Pinewood Technologies following purchases of nearly 5 million shares in the months since its initial minority investment......»»
Top 5 stories of the week: Stellantis sues dealership over fleet dispute; Toyota testing scandal widens
A quick look at the top automotive stories of the week as determined by reader interest......»»
Intel"s grim forecast could concern automakers in wake of microchip crisis
Intel is a major supplier of semiconductors to the automotive industry, having supplied chips installed in more than 50 million vehicles. Intel says 18 automakers have vehicles with Intel chips on the road for use in their EVs and software......»»
Lithia dealership sued after fatal Challenger test-drive crash
The daughters of a Texas motorist killed after her car was struck by a Lithia dealership's Dodge Challenger allegedly traveling at least 100 mph during a test drive have sued the store as well as the driver and salesman allegedly inside the muscle ca.....»»
Lithia net income down 28% in Q2 despite record revenue of $9.2B
Lithia Motors Inc. Q2 2024 earnings: Net income fell 28 percent during the second quarter despite the car dealership group generating record revenue for that earnings period......»»
Credit Acceptance posts Q2 net loss of $47.1 million as auto lender revamps cash flow forecasting
The average Credit Acceptance second-quarter auto loan financed $26,816 in principal and interest, paid the dealership a $12,278 advance and was slated to run for 61 months......»»
Study reveals impact of concern about misinformation on Americans" media consumption habits
Most Americans are aware of fake news and misinformation. In a new study, researchers from the University of Pennsylvania sought to uncover whether the threat of misinformation drives Americans to seek out news sources that reflect their own politica.....»»
Asbury: Tekion DMS pilot in Ga. might get pushed to October over CDK dispute
Asbury Automotive Inc.'s dispute with CDK Global over data access might delay the national dealership group's plans to test Tekion at four Georgia dealerships by a month, Asbury told a Georgia court last month......»»
Stellantis sues dealership to avoid spending $180 million to buy back fleet vehicles
Stellantis has taken a North Carolina dealership to court to avoid having to repurchase several thousand unsold fleet vehicles at a cost of about $180 million......»»
Low-income homes drop Internet service after Congress kills discount program
Charter CEO says "customers' ability to pay" a concern after $30 discounts end. Enlarge / A Charter Spectrum vehicle. (credit: Charter) The death of the US government's Affordable Connectivity Program (ACP) is starting t.....»»
Former dealer Joe Maus returns to auto retail with Chevrolet store
Former auto dealer Joe Maus purchased a Chevrolet dealership in South Carolina, his first acquisition after selling his stake in other stores the past few years......»»
How one car dealership group tackles health care insurance costs
A Carter Myers self-insured plan allows it to manage costs and potentially give leftover money back to help employees cover premiums......»»
Employee charged with stealing more than $50,000 from New York CDJR dealership
A Victory Chrysler-Dodge-Jeep-Ram employee in Rome, NY., allegedly stole more than $50,000 from the dealership and was charged with second-degree grand larceny and first-degree falsifying business records......»»
Hyundai dealership customer sues CDK over cyberattacks
A Hyundai dealership lease customer on July 22 joined other consumers who have sued CDK Global, alleging their data was put at risk by the June 19 cyberattacks suffered by the dealership management system provider. Ronaldo Proto of Connecticut filed.....»»
Curbee launches software platform to streamline dealership mobile service
Curbee has launched a software-service platform designed to help dealerships streamline and enhance their mobile services for technicians and customers, thereby improving customer loyalty, profitability, and the overall service experience......»»
Threat of slimmer used-car profits, supply allows for little slack in 2024, dealers say
Franchised dealership and auto retail group leaders spoke with Automotive News in June and July about used-car market certainties and uncertainties in 2024......»»