Several leading U.S. equipment manufacturers are experiencing rising warranty costs, but are reducing warranty accruals on their financials (less set aside for future claims). However, companies like Paccar report growth in amortized revenue from extended…

Cox Automotive’s latest forecast reveals U.S. auto sales are expected to grow by 2.2% in 2024, reaching 15.8 million units—a clear sign of sustained market momentum. With used-vehicle sales projected to rise another 1% in…

The EV market is undergoing transformative changes that promise to make electric vehicles more accessible to a broader consumer base. GM Energy’s introduction of the PowerBank, a home energy storage solution, showcases how integrating EVs…

On October 30, Siemens announced its acquisition of Altair Engineering for $10 billion, the second-largest deal in the Digital Twin and industrial simulation market. With valuation multiples of 14x revenue and 31x Adjusted EBITDA, this…

The automotive dealership industry is undergoing a significant transformation as technology and AI redefine operations. Supply chain disruptions and fluctuating consumer demand have pushed dealerships to adopt technology-driven tools for smarter inventory management. According to…