TrueCar sees Q2 revenue slump, reports wider net loss
Executives of the vehicle listings company said low inventory and high vehicle prices have put pressure on its close rates.
BorgWarner sees slight uptick in Q2 revenue
BorgWarner saw a slight increase in revenue and a slip in net income amid its acquisition of Rhombus Energy Solutions for $130 million.
Attention artists! Brevard Zoo seeks submissions for new art exhibit
The Brevard Zoo is looking for submissions for a new surfboard art exhibition that will support the Our Legacy campaign to build a new aquarium and conservation center.
Automakers concerned over consumer access to EV tax credit in Senate proposal
The EV tax credit proposal unveiled last week by U.S. Democratic Sens. Chuck Schumer and Joe Manchin as part of the Inflation Reduction Act lifts the cap on the current $7,500 tax credit but adds increasingly stringent critical mineral and battery sourcing requirements for automakers as well as limits on vehicle sticker prices and the buyer’s income.
ADAS, autonomous systems to serve different needs for different markets, executives say
Rather than thinking of self-driving tech as an evolution of advanced driving-assistance systems, it would be better to consider them as separate systems evolving at different speeds to serve different markets, some industry executives said.