Self-driving truck organization Embark Technology is shutting down. The firm declared its closure Friday in an e-mail from CEO Alex Rodrigues to Embark staff. This is the 2nd latest major failure of autonomous technological know-how organization. Argo AI Inc. folded in October just after its principal backers Ford Motor Co. and Volkswagen decided to pull
Auto affordability and the F&I office environment Rising interest fees and elevated car or truck prices in the course of a time of broader inflation could make vehicle affordability an challenge for dealerships and the vehicle-getting general public. And this could be felt most acutely within just dealership F&I workplaces, wherever pros have to condition
Sonic declared it has established a powersports section of the firm that requires 13 areas, made $53.5 million in profits in 2022 and is predicted to add about $200 million in earnings to the corporation for 2023. “We keep on being focused on leveraging development chances across our diversified portfolio to optimize long term earnings
For the want of a responsible EV charger Electric motor vehicle detractors are frequently brief to position out perceived faults: EVs are as well costly, they really don’t have more than enough array for prolonged journeys, they are not definitely “green,” they’re a headache to charge. It is hard to argue towards that closing issue
Penske Automotive Group Inc., as element of succession preparing, named Roger Penske’s son Greg Penske vice chairman of the vehicle retailer, Penske Automotive mentioned Wednesday. The car retailer also introduced two new COO positions, with all changes efficient Jan. 1. Penske Chairman and CEO Roger Penske introduced the moves all through the company’s fourth-quarter earnings
No provider — at the very least types that want to stay in organization — is likely to be untouched by the change to electrical powertrains. And that features Tremec, the 59-12 months-aged organization whose handbook transmissions and twin-clutch gearboxes make numerous of the world’s muscle mass cars and trucks, supercars and semitrucks roll. Tremec