After a few weeks of an earnings season marked by cautionary optimism about the state of the U.S. consumer, CarParts.com said the quiet part out loud Tuesday (May 7) as it showed a significant drop in revenue and profit for the first quarter. “Our performance...
Fortellix has raised $43 million to expand its products for the automated driving sector. The Israeli company, which makes safety-driven verification and validation technology for automated driving systems and advanced driver assistance systems (ADAS), announced the funding in a Wednesday (May 3) news release. The Series C round,...
AutoNation says it will expand its post-sale vehicle service offerings by acquiring mobile car repair platform RepairSmith. The $190 million deal, announced Monday (Dec. 12), is happening when many consumers are choosing to repair old cars instead of buying new ones, and car dealers are feeling pessimistic about their prospects....
Automotive marketplace platform Cars.com is finalizing a deal to acquire 100% of the assets of Accu-Trade for $65 million in cash at closing, with the chance for additional cash and stock depending upon reaching particular financial thresholds. Accu-Trade’s assets include Galves Market Data and MADE...
July 22, 2021
“Everyone’s at risk — and everyone’s a target.” To that end, Mark Luber, chief product officer at Equifax, told Karen Webster that in an increasingly digital world, lenders being targeted by fraudsters need better methods of identifying security gaps — before the bad actors breach their defenses. The discussion came against the backdrop where enterprises […]
July 08, 2021
Like any large pothole you don’t see until it’s too late, a similarly concealed rut may be hiding from the auto industry in the form of a dormant battle over...
December 11, 2018
The cars on the road are older today than they were 20 years ago. According to the U.S. Department of Transportation, the average age of all cars on the road...
January 23, 2018
To say that the Great Recession changed consumer buying outlooks across a variety of categories is not a controversial statement so much as it is a truism. And, with the...
May 03, 2023
Fortellix has raised $43 million to expand its products for the automated driving sector. The Israeli company, which makes safety-driven verification and validation technology for automated driving systems and advanced driver assistance systems (ADAS), announced the funding in a Wednesday (May 3) news release. The Series C round, led by 83North with assistance from NVIDIA and Toyota’s Woven Capital growth fund, will help […]
December 12, 2022
AutoNation says it will expand its post-sale vehicle service offerings by acquiring mobile car repair platform RepairSmith. The $190 million deal, announced Monday (Dec. 12), is happening when many consumers are choosing to repair...
February 08, 2022
Automotive marketplace platform Cars.com is finalizing a deal to acquire 100% of the assets of Accu-Trade for $65 million in cash at closing, with the chance for additional cash and...
March 01, 2020
The number of companies and events impacted by the coronavirus’ mass spread now includes the annual Game Developers Conference. The event, originally scheduled for March 16 to March 20 in...
