News
Senators Propose Chinese Connected Car Ban
Just weeks before President Trump is set to meet with the Chinese president, two U.S. senators proposed a bill with the aim of protecting Americans’ data.
Read More →
AE Magazine
MENU
SEARCHMENUSEARCHJust weeks before President Trump is set to meet with the Chinese president, two U.S. senators proposed a bill with the aim of protecting Americans’ data.
Read More →
Toyota Motor Corp said it will crank net profit up to a third straight record this year as cost cuts and rising U.S. sales offset weaker business elsewhere, building on bumper earnings last year powered largely by foreign-exchange gains, reported Reuters. Reporting net income jumped 50 percent in the quarter ended March, the world’s top-selling ... Read More »
Read More →Volkswagen’s Audi luxury division said on Friday sales increased 2.5 percent in April to 152,850 cars and sport-utility vehicles, the highest-ever level recorded for any month in the carmaker’s history, reported Reuters. Sales in Europe edged up 0.9 percent as gains in Italy and Spain offset a 42 percent slump in deliveries in Russia to ... Read More »
Read More →
Volkswagen said it would try to find a new chairman quickly and announced a long-planned tie-up of its truck brands, seeking to return the focus to business following the carmaker’s shock ouster of former patriarch Ferdinand Piech, reported Reuters. Chief Executive Martin Winterkorn, who survived the public showdown that triggered Piech’s resignation last month, told ... Read More »
Read More →LAKE FOREST, Calif. — Reinsurance program management provider Portfolio has relocated its headquarters from Irvine, Calif., to a nearby 42,000 square foot building in the Palm Terrace office campus in Lake Forest. “In late 2013, we began the search for a new facility, and our efforts were accelerated last year as we experienced a 22% ... Read More »
Read More →MCLEAN, Va. — Falling gasoline prices and continued pent-up demand have spurred spending on new cars and light trucks, with average retail transaction prices rising more than 3% in the first quarter compared to the same period a year ago, the National Automobile Dealers Association (NADA) reported this week. The average retail transaction price for ... Read More »
Read More →LOUISVILLE, Ky. — Maximus Auto Group (MAG) has announced the release of its new MyCar Mobile app for iPhone and Android, a new online claim-filing system and e-contracting for its customers. With these new tools, MAG, a national administrator that provides automotive protection plans for cars nationwide, is connecting its services to customers via smartphones. ... Read More »
Read More →General Motors Co’s chief executive said on Monday she is confident the company will convince investors of the value of holding on to GM’s stock, which has dropped nearly 9 percent since mid-March despite a $5 billion share buyback plan, reported Reuters. The automaker’s shares have declined as investors are concerned the U.S. auto cycle ... Read More »
Read More →
