With the automotive industry facing an unprecedented surge in loan fraud, dealerships are finding themselves at the front lines of a growing battle against sophisticated crime syndicates. In the early months of 2023, the creation of manufactured identities allowed fraudsters access to a staggering $1.8 billion in automotive loan credit, a significant leap from $869 million in the same timeframe in 2021. This escalation has not only highlighted the evolving threat landscape but has also prompte
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Emerging technology in the maritime arena is being used for tracking emissions, avoiding collisions and route planning, but lawyers are circling the technology, a recent seminar reported. The rapid expansion of artificial intelligence (AI) faces major stumbling blocks in shipping, where more than 80% of large vessels barely have enough communications capacity to send an email, a seminar heard on 19 September.
The use of problem-solving AI has the potential to cut costs in the coming decades, bu
Many say, "Let the snake grow long, and it'll eventually bite its tail." As it turns out, US auto dealerships do not enjoy full capitalism, especially when it is not in their favor. Franchised dealer groups and associations across ten US states are preparing for a legal battle against direct client sales by many automakers. An idea that many prospective car buyers would champion. Why deal with a pushy salesperson, when you can pick out the model of car and options; direct from the factory. Ac
