CBT News | Automotive Industry | Dealership News
WEB3 days ago · This move comes as pedestrian fatalities in the U.S. continue to rise, with 7,522 pedestrians killed in 2022—a 0.7% increase from the previous year and the highest number since 1981. Injuries among pedestrians also rose by 11%, while cyclist fatalities surged 13% to 1,105, marking the highest figure since at least 1980.
The entrepreneurs and investors leading the automotive tech …
WEBNov 10, 2023 · Steve Greenfield, Founder and CEO of Automotive Ventures, shares his insights on the latest automotive and mobility news, trends and events. He highlights the winners and companies to watch from the National Auto Venture & Investors Conference (NAVIcon) and invites entrepreneurs to join his investment club.
CBT News Articles | Automotive Industry News and Insights
WEBFrom paper to pixels: the new era of digital vehicle titles. Shane McRann Bigelow - September 9, 2024. 1 2 3... 624 Page 1 of 624. Get the inside scoop on dealership news and the latest happenings in the automotive industry with compelling articles that cover industry trends, analysis, and more.
Toyota's global production plummets amid certification scandal …
WEBJul 30, 2024 · Toyota’s global production tumbled in June, marking the fifth consecutive month of decline. The automaker has been severely impacted by a certification scandal in Japan and an intense price war in China. Worldwide output for Japan’s largest automaker dropped 12.9% to 795,862 vehicles, the steepest decline since December 2022.
Brookfield enters formal agreement to acquire CDK Global in multi ...
WEBApr 7, 2022 · Brookfield Business Partners and institutional partners have entered into a formal agreement to purchase CDK Global, a leading automotive retail technology firm, for a total enterprise value of $8.3 billion. The deal, expected to be completed in the third quarter of 2022, will provide CDK stockholders with a 30% premium and allow CDK to focus on …
Group 1 expands with Modern Classic Motors acquisition in South …
WEBMar 12, 2024 · Group 1 expands with Modern Classic Motors acquisition in South Carolina. The acquisition is expected to boost GP1's yearly income by $140 million. By Jaelyn Campbell. March 12, 2024. Mercedes-Benz of Hilton Head. On March 11, Group 1 Automotive, one of the nation’s leading auto retailers, announced the acquisition of …
GM invests in retooling plants for EV production amid slower …
WEBAugust 8, 2024. General Motors (GM) is heavily investing in repurposing its internal combustion engine (ICE) assembly plants to produce electric vehicles (EVs), a strategy President Mark Reuss says is more cost-effective and agile than constructing new factories. This approach allows GM to utilize existing facilities for both gasoline and EVs ...
Survey reveals EV range anxiety declines with ownership …
WEBNov 29, 2023 · The study found that anxiety is highest among potential EV buyers and decreases significantly with prolonged ownership. Drivers are more anxious about long-distance trips than daily drives and rely on public charging less …
4 tips for car dealers when onboarding new auto technicians - CBT …
WEBNov 15, 2023 · During the guided tour, you want to point out any areas that are listed explicitly in the process mapping. 4. Give Them a Mentor. Over the first few days and weeks, the new technician is going to need help figuring things out. Even when there’s a shortage of auto technicians at the dealership, you can’t skimp on this step.
CDK Global responds to cyber attacks, provides dealer support
WEBJun 22, 2024 · CDK Global, a provider of automotive software solutions, is facing a second cyber attack while recovering from the first. The company has created a Dealer Resource Center to help dealerships maintain operations and …
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