American Axle revenue, profit climb in first quarter
American Axle & Manufacturing Holdings Inc. increased revenue and profit in the first quarter thanks to steadier production from its customers. The automotive supplier saw year-over-year revenue growth of 7 percent to $1.6 billion during the period,.....»»
BMW electrifies performance in next-gen M5
The 2025 BMW M5 starts at $120,675 and should arrive in stores in the fourth quarter......»»
Ally dealer pass-through, SmartAuction programs boomed in 2023
Ally's pass-through and SmartAuction businesses together generated $161 million in revenue for the major national auto lender last year, and the company expects they'll improve this performance to an approximately $190 million combined in 2024, accor.....»»
Mapping media bias: How AI powers a new media bias detector
Every day, American news outlets collectively publish thousands of articles. In 2016, according to The Atlantic, The Washington Post published 500 pieces of content per day; The New York Times and The Wall Street Journal more than 200......»»
Ford F-150 EV wins Pikes Peak Hill climb despite shutdown
The Ford F-150 Lightning SuperTruck shut down for 26 seconds, but driver Romain Dumas was able to reset it and still log the fastest time......»»
Breaking down the numbers: Q2 2024 cybersecurity funding activity recap
We present a list of selected cybersecurity companies that received funding during the second quarter of 2024 (Q2 2024). Alethea April | $20 million Alethea closed a $20 million Series B funding round led by GV, with participation from Ballistic.....»»
EU says Apple violated app developers’ rights, could be fined 10% of revenue
EU: Apple fees and rules stop devs from steering users to other sales channels. Enlarge (credit: Getty Images | SOPA Images ) The European Commission today said it found that Apple is violating the Digital Markets Act (D.....»»
Auto industry future lies in software, electrification and recycling, EY research finds
EY identified three key value pools to maximize future revenue for a "transitioning" automotive industry......»»
NASA faces $80,000 claim after space debris hit family home
An American family is claiming more than $80,000 from NASA after a small piece of debris fell from space and smashed through the roof of their Florida home, a law firm said Friday......»»
What happened to CDK Global and how long will systems be down?
The dealership management system outage is interrupting thousands of new- and used-vehicle sales, service, parts orders and more as the end of the second quarter approaches......»»
Latin American cattle block road to Paris goals
Dense forest and patchy regulations mean Latin America is struggling to shake off its mantle as the world's leading emitter of greenhouse gas from livestock production......»»
5 things the American-Made Index says about a supply chain in flux
Changes in the annual survey's results show how automakers are quickly rethinking where they source their parts from......»»
Amazon is swapping plastic pillows for paper in its packaging
Plans to transition to paper packaging will see Amazon remove at least 95% of plastic air pillows from North American packages......»»
CarMax"s Q1 net income falls 33% to $152 million, revenue slips 7.5%
The company said it retailed 211,132 used vehicles in its fiscal first quarter, down 3.1 percent. Same-store used-vehicle retail sales fell 3.8 percent......»»
Climate change makes it harder for women to collect water in South American and Southeast Asian regions, study shows
Climate change could increase the amount of time women spend collecting water by up to 30% globally by 2050, according to a new study published in Nature Climate Change. In regions of South America and Southeast Asia, the time spent collecting water.....»»
U.S. factory incentives drive big gains in April EV registrations despite Tesla"s 17% plunge
Electric vehicle registrations rose 14 percent in April after a lackluster first quarter. Legacy automakers and startup Rivian led the gains while EV market leader Tesla saw another drop-off compared with last year's numbers......»»
Longtime Bosch North America president Mike Mansuetti to retire, succeeded by regional mobility chief
Mike Mansuetti, the longtime head of Bosch's North American business, will retire this year and will be succeeded by Paul Thomas, the company's head of mobility in the Americas, the world's largest auto parts supplier said......»»
First conclusive video evidence that a terrestrial leech species can jump
A new study presents video evidence that at least one species of terrestrial leech can jump, behavior that scientists have debated for more than a century. Researchers from the American Museum of Natural History, Fordham University, and City Universi.....»»
Change threatening coastal Native American sites cut from NC bill
A controversial bill that would have allowed developers to build on archaeological sites in some environmentally sensitive coastal areas was overhauled on June 19......»»
Ford updates floorplan assistance program based on dealer input
Ford is changing how it pays dealerships for the cost of carrying inventory, creating the potential for more profit and encouraging vehicles to be turned faster......»»
CarMax to report Q1 earnings as competitors gain steam; used supply, affordability remain concerns
Used-vehicle retailer CarMax Inc. plans to report its fiscal first-quarter earnings on June 21......»»