Activision Blizzard settles discrimination lawsuit for a fraction of its yearly earnings
Compensation fund for affected employees is nothing compared to 2020's $8.1 billion revenue. Enlarge / Activision Blizzard's settlement over harassment and discrimination allegations is a drop in the bucket compared to what it made in revenue la.....»»
Lear says Q2 earnings rise on record sales, lowers outlook amid EV uncertainty
Lear reported record sales and a modest gain in second-quarter net income as the company brings more automation technology in-house and adjusts to rapidly changing EV strategies......»»
4 takeaways from Tesla"s Q2 earnings as profit plunges
Automotive gross margin, a key indicator of profitability, fell to just under 15 percent in the second quarter, its lowest level in five years. Tesla's operating margin fell to 6.3 percent from 9.6 percent a year earlier......»»
Stellantis to reduce output, cut prices after earnings plunge on weak U.S. results
Stellantis is counting on lower production, price cuts and new model launches to reverse plunging profits......»»
CEO Makoto Uchida says Nissan U.S. incentive spending nearly erases quarterly profit
Nissan CEO Makoto Uchida says soaring U.S. selling expenses fueled a 99 percent plunge in it’s quarterly operating profit, forcing him to cut the company’s full-year earnings forecast......»»
Ford Q2 earnings: Net income falls 4.5%, but revenue rises on strong commercial vehicle sales
Ford attributed a 6.5 percent revenue increase to strong results from its Ford Pro commercial vehicle unit, which earned $2.6 billion and achieved a 15.1 percent margin......»»
Lawsuit: T-Mobile must pay for breaking lifetime price guarantee
Class action filed over price hikes on plans with Un-contract price guarantee. Enlarge / John Legere, then-CEO of T-Mobile, at an event on March 26, 2013, in New York City. (credit: Getty Images | John Moore ) Angry T-M.....»»
No judge with Tesla stock should handle Elon Musk cases, watchdog argues
Elon Musk does not control X or Tesla, X argued in lawsuit over ad boycott. Enlarge (credit: Bloomberg / Contributor | Bloomberg) Elon Musk's fight against Media Matters for America (MMFA)—a watchdog organization that.....»»
5 risks to watch as Nissan readies key earnings update
Nissan embarks on a new midterm business plan focused on growth. Here are the top risks to watch as CEO Makoto Uchida unveils the first quarterly earnings of the new era......»»
Top five risks to watch as Nissan readies key earnings update
Nissan embarks on a new midterm business plan focused on growth. Here are the top risks to watch as CEO Makoto Uchida unveils the first quarterly earnings of the new era......»»
Mitsubishi pivots to North America as new profit engine as earnings dip
TOKYO — Mitsubishi, one of the smallest mass-market brands in the U.S., is getting bullish about North America with plans to enhance the local lineup with vehicle updates annually through 2030. The Japanese carmaker will introduce these new or u.....»»
Tesla to report Q2 earnings amid falling sales, hopes for a robotaxi future
To counteract falling sales in major markets including the U.S., Tesla has offered a series of price cuts and incentives, including subsidized financing and lease deals that could dig into second-quarter profits, analysts said......»»
New Ally CEO Michael Rhodes says he"ll play to bank"s auto strength
Ally Financial's new CEO Michael Rhodes said during the second-quarter earnings call July 17 that he would continue to prioritize Ally strengths such as its auto business rather than "emerging opportunities.".....»»
iPhone 16 may not see super cycle after all, according to analyst report
Earnings calls from key iPhone suppliers suggest iPhone 16 isn't being ordered in any greater quantity than iPhone 15, bringing the rumored Apple Intelligence spurred super cycle into question.iPhone 16 Analysts have been connecting the dots since WW.....»»
AutoNation, Sonic likely to be hardest hit on Q2 earnings by CDK cyberattack
Both the second- and sixth-largest dealership groups in the U.S. use CDK's dealer management system at all stores......»»
AutoNation, Sonic likely to be hardest hit on Q2 earnings by CDK cyberattacks
Both the second- and sixth-largest dealership groups in the U.S. use CDK's dealer management system at all stores......»»
Q2 earnings: CDK Global shutdown will hit all 6 public auto retailers, analysts predict
Both the second- and sixth-largest dealership groups in the U.S. use CDK's dealer management system at all stores......»»
Meta tells court it won’t sue over Facebook feed-killing tool—yet
Researcher wants legal assurances before releasing his Unfollow Everything tool. Enlarge (credit: SOPA Images / Contributor | LightRocket) This week, Meta asked a US district court in California to toss a lawsuit filed b.....»»
Latinx students studying abroad can face discrimination, according to study
U.S. Latinx students studying Spanish while studying abroad can encounter discrimination and condescending attitudes from their instructors, according to a growing body of evidence......»»
iMessage patent row between Apple and MPH revived with new subpoena
Apple is fighting to make litigation funding firm Omni Bridgeway comply with a subpoena, demanding details about its relationship with MPH, a company Apple is in a patent lawsuit with over iMessage and FaceTime.Messages on an iPhoneBack in 2018, Finn.....»»
Fisker sells remaining EVs for fraction of $70,000 price tag
Fisker Inc. won bankruptcy court permission to sell its remaining electric-vehicle fleet of crossovers after slashing the price on glitchy vehicles sold to some customers for as much as $70,000. Judge Brendan L. Shannon said at a hearing in Delawa.....»»