Asbury Q3 net income down 17% with fewer stores
Asbury Auto Q3 2023 earnings: The car dealership group's third-quarter net income fell 17 percent from a year earlier to $169 million, while revenue dropped 5.2 percent to $3.7 billion. But Asbury had 10 fewer locations than Q3 2022, and it is about.....»»
The best Google Pixel 9 Pro XL cases for 2024
The first shipments of Google Pixel 9 Pro XL cases have arrived. Here are some of our favorite cases for the new smartphone as it becomes available in stores......»»
Asbury vows "vigorous defense" against FTC complaint alleging consumer deception, discriminatory pricing
Asbury CEO David Hult: “We will not allow the FTC to coerce fines from us or subject us to onerous requirements that negatively impact the car-buying experience for our customers.".....»»
Coulter Motor Co. settles vehicle pricing add-ons case with FTC, Arizona for $2.6 million
The owner of dealerships Coulter Cadillac Tempe and Coulter Buick GMC Tempe and a former general manager of the stores have agreed to pay a combined $2.6 million to settle allegations of bait-and-switch advertising, price discrimination and improper.....»»
Asbury Automotive sells Chevy store, Escude Automotive buys two S.C. stores
Publicly held Asbury Automotive Group sold another dealership, while Anderson Automotive Group also shed two stores......»»
FTC files administrative complaint against Asbury, alleges payment packing, discrimination in Texas
The Federal Trade Commission has filed an administrative complaint against Asbury Automotive Group, alleging payment packing, adding F&I products without consumer knowledge and charging Black and Latino customers more than white ones......»»
Polestar to boost U.S. retail network by nearly 75% as new product arrives
The EV brand, which is tripling the size of its lineup this year, plans to add 20 stores in the U.S. by the end of 2025......»»
AutoCanada considers selling U.S. stores, reports data breach and $24 million Q2 loss
AutoCanada is exploring the sale of its U.S. dealerships and other “non-profitable and non-core assets,” as the company swung to a loss for the second quarter amid falling sales, a significant used-vehicle inventory writedown and fallout from the.....»»
Poverty premium on energy costs impacts poorer households
People living in poorer households are more likely to face higher energy costs than those who do not, a study shows. Those in low income households are more likely to pay more for their basic energy tariff and also incur higher costs per unit of ener.....»»
Nissan dealership profits tank amid U.S. sales struggles
The average Nissan dealership earned 70 percent less in the first half of the year than in 2023, with more than a third of stores losing money, according to data obtained by Automotive News......»»
American Axle more than doubles Q2 net income but warns of R&D, product launch costs
American Axle struck deals with European automakers, but it expects increased volatility as it prepares for ramp-up costs......»»
T-Mobile’s Revvl 7 Pro is Being Recalled from Stores
It's unknown as to what's caused the recall, at the moment. The post T-Mobile’s Revvl 7 Pro is Being Recalled from Stores appeared first on Phandroid. In an unfortunate turn of events, it looks like T-Mobile has issued a recall for u.....»»
Cars Commerce Q2 net income drops 88% with accounting adjustment
Cars Commerce lowered its guidance in part because of the impact from the CDK Global cyberattacks in June......»»
Cars Commerce Q2 net income drops 88% after accounting adjustment
Cars Commerce lowered its guidance in part because of the impact from the CDK Global cyberattacks in June......»»
A rare aid success story has brought riches to a hardscrabble corner of the Pacific. Will it last?
There is so much money sloshing around these days in Bougainville, an autonomous region of Papua New Guinea, the stores are running short of goods and some locals are partying until dawn......»»
Google antitrust verdict leaves Apple with “inconvenient alternatives”
A reliable source of billions of dollars in income is at risk for the iPhone maker. Enlarge (credit: Benj Edwards) The landmark antitrust ruling against Google on Monday is shaking up one of the longest-standing partners.....»»
Some subreddits could be paywalled, hints Reddit CEO
Reddit CEO Steve Huffman has hinted that in future some subreddits could be paywalled, as the company seeks to devise new sources of income. Huffman raised the prospect during an earnings call in which he said Reddit would also be testing AI-power.....»»
Adient net income plummets 69% in fiscal Q3 amid delayed launches, Europe troubles
Despite challenges in Europe, the global seating supplier sees promising growth opportunities with Chinese automakers......»»
Asbury Automotive sells Colorado, Georgia Nissan car dealerships
Asbury Automotive Group Inc. sold one Colorado dealership and one Georgia store during the second quarter, the dealership group said in its earnings report Aug. 2. The locations have been renamed Alpine Nissan of Denver and Nissan of Cumming......»»
Nissan Frontier dials up utility with midcycle update
The 2025 Nissan Frontier arrives in stores in early September. Pricing was not disclosed......»»
Sonic Automotive Q2 net income jumps despite CDK outage
Sonic Automotive's net income nearly doubled in the second quarter despite an outage related to the CDK cyberattacks......»»