GM sales dip in Q1; Toyota, Honda rack up double-digit gains
U.S. light-vehicle sales are projected to rise 4.7 percent to 12 percent in March, and 4.5 to 5.6 percent in the first quarter, based on estimates from forecasters, as market growth slows......»»
Why Honda chose Canada for its $11 billion EV hub
Taking advantage of production subsidies offered by the U.S. may have put the company ahead financially, but Canada’s tax credits came with no uncertainty......»»
Mercedes to stay firm on pricing following Q1 profit drop
Mercedes said model transitions in the top-end segment and supply chain-related costs caused its return on sales to fall to 9.6 percent from 14.9 percent a year earlier, with vehicle sales down 8 percent at 462,978......»»
FCC fines big three carriers $196M for selling users’ real-time location data
FCC finalizes $196M penalties for location-data sales revealed in 2018. Enlarge (credit: Getty Images | SOPA Images ) The Federal Communications Commission today said it fined T-Mobile, AT&T, and Verizon $196 million "fo.....»»
Porsche dealership sales manager took bribes in exchange for high-demand vehicles, lawsuit alleges
The sales manager of a Porsche dealership in South Carolina commanded hundreds of thousands of dollars in "under-the-table" payments from customers hungry for high-demand vehicles......»»
Why Tesla"s Full Self-Driving rollout in China matters
Enabling FSD in China would provide a buffer to Tesla's declining EV sales and allow the automaker to better compete with local rivals in the world's largest auto market where driver assistance and other connected car features are prized......»»
Manager took bribes in exchange for high-demand vehicles, lawsuit alleges
The sales manager of a luxury dealership in South Carolina commanded hundreds of thousands of dollars in "under-the-table" payments from customers hungry for high-demand vehicles......»»
Orion"s erupting star system reveals its secrets
An unusual group of stars in the Orion constellation have revealed their secrets. FU Orionis, a double star system, first caught astronomers' attention in 1936 when the central star suddenly became 1,000 times brighter than usual. This behavior, expe.....»»
Huawei"s smart car tech offers Audi, other automakers route to China sales
Huawei's rapid emergence as a key auto supplier highlights the telecommunications equipment maker's drive for sources of growth after U.S. export controls pursued on national security grounds since 2019 hammered its businesses, especially smartphones.....»»
Putting Microsoft’s cratering Xbox console sales in context
Why declining quarterly numbers might not be awful news for Microsoft's gaming business. Enlarge / Scale is important, especially when talking about relative console sales. (credit: Aurich Lawson | Getty Images) Yesterda.....»»
Genesis" Claudia Marquez: We"re "becoming completely independent" from Hyundai in U.S.
The premium spinoff is becoming more independent from its mainstream counterpart with stronger brand awareness, new products and strong sales......»»
AutoNation Q1 net income falls 34%; company to buy back $1 billion in stock
The dealership group saw continued revenue gains in financial services and service and parts revenue......»»
What do we lose when our old suburbs disappear?
I live on the edge of Parramatta, Australia's fastest-growing city, on the kind of old-fashioned suburban street that has 1950s fibros constructed in the post-war housing boom, double-story brick homes with Greek columns that aspirational migrants bu.....»»
Following a great launch quarter, China iPhone sales are pretty bad so far in 2024
After the second-best iPhone launch quarter Apple has ever had in China, new sales estimates claim that Apple also had the biggest quarterly drop it has ever had.iPhone 15 ProFigures from Counterpoint Research have already claimed that Apple's iPhone.....»»
5 defining moments from Tesla"s Q1 earnings
Industry analysts expected bad news from Tesla's first-quarter earnings report after weak sales. But CEO Elon Musk provided an upbeat narrative by announcing new affordable models for next year......»»
Toyota will spend $1.4 billion to build electric 3-row SUV in Indiana
This is a different new 3-row EV from the one Toyota will build in Kentucky. Enlarge / This Toyota factory in Indiana is getting a $1.4 billion investment so it can assemble a new three-row electric SUV for the automaker. (credit.....»»
Honda to spend $11 billion on four EV factories in North America
The new facilities are in addition to the previously announced EV hub in Ohio. Enlarge / Honda is investing CAD$15 billion (US $11 billion) to expand EV manufacturing in North America with four sites in Ontario, Canada. (credit:.....»»
Toyota invests $1.4 billion in Indiana plant for large EV
The investment will add 340 jobs and a new battery pack assembly line, but details signal that either the Toyota Sienna or Toyota Highlander will become a full EV in 2026......»»
Honda unveils $11B investment for EV assembly, battery output in Canada
The company’s leadership was joined by a wide range of government officials, including Canadian Prime Minister Justin Trudeau and Ontario Premier Doug Ford, for the announcement......»»
Asbury Q1 net income slips 19%; $4.2 billion in revenue sets record
Asbury Automotive Group produced $147.1 million in net income during the first quarter, down 19 percent from a year earlier as falling profit margins offset rising vehicle sales and revenue......»»
Honda spending $11B on EV assembly, battery output in Canada, reports say
The company’s leadership will be joined by a wide range of government officials, including Canadian Prime Minister Justin Trudeau and Ontario Premier Doug Ford, for the announcement......»»