Sometimes, hackers try to entry the data illegally and continue to seek out ways to get through even the hardest security measures. That’s why implementing cybersecurity options has become necessary in today’s time. Facebook, now acknowledged as Meta, put a highlight on the Metaverse and is described as the intense new technology 2022. Metaverse is…
How can I find a mechanic I can truly trust?
You’ve heard a funny noise in your car, so you go to the repair shop. But you’ve got a nagging feeling the estimate you’ve gotten is higher than it should be. This week’s In Your Corner attempts to answer the question: “I think my current auto repair shop is bothering me. How can I find…
REE Automotive Announces First Quarter 2023 Financial
TEL AVIV, Israel, May 23, 2023 (GLOBE NEWSWIRE) — REE Automotive Ltd. (NASDAQ: REE) (“REE” or the “Company”), an automotive technology leader and provider of electric vehicle (EV) platforms, today announced its financial results for the first quarter ended March 31, 2023, through a shareholder letter posted on the company’s investor relations website at https://investors.ree.auto….
Used car prices remain stubbornly high as sales increase
Used car sales grew by just over 4 per cent in the first three months of 2023, following three consecutive quarters of falling sales, but there’s little sign yet of high prices easing as more cars change hands. According to the latest figures from the Society of Motor Manufacturers and Traders (SMMT) a total of…
The UK expects a deal on EU ‘rules of origin’ for EVs
The UK and the European Union will “soon” announce a solution on post-Brexit trading rules that automakers warn could lead to factory closures, Business and Trade Secretary Kemi Badenoch said. “This is not a UK problem, it is an EU-UK problem. It works both ways,” Badenoch told Bloomberg on Tuesday on the sidelines of the…
US judge throws out lawsuit against Elon Musk over Twitter
A judge dismissed a proposed class-action lawsuit against Elon Musk that claimed he cheated Twitter shareholders several times last year in the course of buying the social media company for $44 billion. In a decision on Monday, US District Judge Charles Breyer in San Francisco said plaintiff William Heresniak lacked standing to sue because he…
New Car Deals: Is Memorial Day a Good Time to Buy a Car?
Many companies featured on Money advertise with us. Opinions are our own, but compensation and in-depth research determine where and how companies may appear. Learn more about how we make money. Memorial Day weekend is one of several holidays the auto industry celebrates with sales and special marketing, but does that mean it’s actually a…
Plante Moran study: Auto suppliers in dark on EV plans
The study captures North American automaker-supplier relations as parts makers navigate financial pressures stemming from inflation, unstable automaker production schedules, the shortage of microchips and rising interest rates. Those pressures, which began in late 2019 with the onset of COVID-19 and the UAW’s strike at GM, have tested relations between suppliers and their customers. Suppliers…