Technology
Detroit Auto Giants Slash 20,000 Salaried Jobs Amid AI Integration.
May 19, 2026 at 12:30 AM
Major U.S. automakers GM, Ford, and Stellantis have reduced their combined salaried workforce by over 20,000 positions, citing the integration of AI and a shift toward software-defined vehicles.
Business
Melstacorp Subsidiary Named Official BMW Importer and Dealer in Sri Lanka.
May 4, 2026 at 8:23 AM
Melstacorp PLC has announced that its subsidiary, Mels Automobiles, has been appointed as the official importer and dealer for BMW vehicles in Sri Lanka, marking a significant expansion into the premium automotive market.
Business
The Vanishing Mom-and-Pop: How Consolidation is Reshaping the U.S. Automotive Retail Industry.
April 18, 2026 at 12:06 PM
Small, family-owned car dealerships are increasingly being acquired by large retail conglomerates as the automotive industry shifts toward greater consolidation, technological advancement, and higher capital requirements.












