Lithia says it cut around 1,000 positions
Lithia Motors Inc., now the largest seller of new vehicles in the U.S., appears to have eliminated around 1,000 unspecified positions this year. The move comes amid lower gross profits...
Lithia Motors Inc., now the largest seller of new vehicles in the U.S., appears to have eliminated around 1,000 unspecified positions this year. The move comes amid lower gross profits...
General Motors is working to accelerate the development of software-defined vehicles by joining a collaborative effort to make the process easier across the auto industry. The automaker on Thursday said...
With cash less available and with significant pressure to invest in emerging mobility fields, many suppliers are asking whether it might be best to divest some of their businesses or...
But Representative Thomas Massie, a libertarian-leaning Republican, dismissed the idea of regulating the technology: “If AI is outlawed, only those outside of the law will have AI.” Artificial intelligence has...
Those include a reliable version of Tesla's Full Self-Driving software, which is currently classified as advanced driver assistance and not autonomous, despite its name and $15,000 price tag. On Tesla's...
"Hertz reported better-than-expected results as they continue to benefit from strong consumer demand for travel and the ongoing recovery in business travel," Ivan Feinseth, Tigress Financial Partners analyst, said. Demand...
"Doing business here is much more difficult than the lower 48 for logistical reasons," said Cook, who added it's typical for customers to ferry vehicles in for service. But, he...
Despite a double-digit percentage rise in used-vehicle sales at Sonic Automotive Inc.'s EchoPark brand of used-only stores, the auto retailer's net income fell by half in the first quarter on...
Those include a reliable version of Tesla's Full Self-Driving software, which is currently classified as advanced driver assistance and not autonomous, despite its name and $15,000 price tag. On Tesla's...
The Erms plan to retire, according to Jason Stopnitzky, co-founder of Performance Brokerage Services, a buy-sell firm in Irvine, Calif. He facilitated the transaction along with Jonathan Forgy, a Performance...
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