automotive

Cazoo Restructuring Bears Financial Fruit Amid Struggling Global Used Car Market
Cazoo Restructuring Bears Financial Fruit Amid Struggling Global Used Car Market
April 27, 2023  |  Earnings

British online auto marketplace Cazoo said an intense focus on improving unit economics as well as restructuring activities which saw it ditch its other European...

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With Used Car Sales Down 21% in Q1, AutoNation Focuses on After-Sale Services
With Used Car Sales Down 21% in Q1, AutoNation Focuses on After-Sale Services
April 20, 2023  |  Economy

Bolstering its service offerings at a time when inventories of new and used vehicles are tight, AutoNation is focusing more on aftermarket tune-ups and tightening...

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CarMax Leans Into Omnichannel, Credit and Digital Self-Service to Steer Tough Course
CarMax Leans Into Omnichannel, Credit and Digital Self-Service to Steer Tough Course
April 11, 2023  |  Earnings

The used car market is seeking stability against ongoing macro headwinds, as seen in the fiscal 2023 fourth-quarter performance of CarMax, the nation’s largest used...

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CerebrumX and BlackBerry Partner to Scale Connected Vehicle Data Offerings
CerebrumX and BlackBerry Partner to Scale Connected Vehicle Data Offerings
April 07, 2023  |  Partnerships

CerebrumX has received a strategic investment from BlackBerry to scale its offering of products based on connected vehicle data. The firm’s artificial intelligence (AI)-based Augmented...

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Walmart Adds Juice to EV Fast Charging Network
Walmart Adds Juice to EV Fast Charging Network
April 06, 2023  |  Walmart

Walmart is expanding its electric vehicle charging capabilities in a bid to promote EV ownership. “By 2030, we intend to build our own EV fast-charging...

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EV Charging Stations May Rev Up Retailers’ Basket Sizes and Sales
EV Charging Stations May Rev Up Retailers’ Basket Sizes and Sales
March 31, 2023  |  Technology

For brick-and-mortar retailers — convenience stores especially — boosting foot traffic is essential. And for some forward-thinking merchants, the way to charge sales and boost...

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AI Is the Glue That Will Bind Voice Assistants, Cars and Commerce
AI Is the Glue That Will Bind Voice Assistants, Cars and Commerce
March 20, 2023  |  Connected Economy

The connections already forged between consumers, their mobile devices, home speakers and voice assistants will forge the connections between conversational AI, cars and commerce conducted...

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Trelleborg Debuts B2B eCommerce Market for Tire Dealers
Trelleborg Debuts B2B eCommerce Market for Tire Dealers
March 14, 2023  |  B2B Payments

Tire manufacturer Trelleborg Wheel Systems has launched a B2B eCommerce marketplace. “My TWS Hub,” which debuted Monday (Mar. 13), is designed to help dealers manage...

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JPMorgan Helps Volvo Enter Indian EV Market
JPMorgan Helps Volvo Enter Indian EV Market
March 08, 2023  |  Digital Payments

J.P. Morgan has assisted Volvo’s entry into the Indian electric vehicle market. The Swedish luxury carmaker’s XC40 Recharge is an exclusive direct-to-consumer (D2C) model powered...

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