AutoNation Q4 net income slips 26% while revenue rises 1.7%
AutoNation's new-vehicle retail sales increased 4.3 percent in the quarter compared with the year-earlier period, but used-vehicle retail sales dropped 9.2 percent......»»
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......»»
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......»»
Luminar Q2 net loss narrows to $130.6 million; debt restructuring deal reached
The lidar supplier said revenue grew 2 percent to $16.5 million......»»
Openlane"s vehicle volume up 7%, revenue rises 3.6% in Q2
The CDK outage in June disrupted operations for some of Openlane's clients, which had a "small" impact on the company's second-quarter volume, its CEO said......»»
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......»»
ACV Auctions says Q2 net loss widened to $17M, revenue rises 29%
ACV Auctions said the number of used vehicles sold by dealers and commercial auto companies on its wholesale marketplace platform grew 22 percent year over year......»»
Openlane"s vehicle volume up 7%, revenue rises 4% in Q2
The CDK outage in June disrupted operations for some of Openlane's clients, which had a "small" impact on the company's second-quarter volume, its CEO said......»»
Amazon deforestation rises for the first time in 15 months
Deforestation in Brazil's Amazon rainforest increased in July for the first time in 15 months, according to official data released Wednesday......»»
Rupee slips to record low as pressure from carry trade unwind lingers
Rupee slips to record low as pressure from carry trade unwind lingers.....»»
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.....»»
Honda quarterly profit rises to record high on strong U.S. sales, weak yen
Honda has been cashing in on a surge in demand for hybrids as fading subsidies weigh on sales of battery-electric vehicles globally. The weak yen is helping out, too. .....»»
Rivian Q2 net loss widens to $1.46 billion despite sales gains, cost cutting
Rivian said it ended the second quarter with $5.8 billion in cash and cash equivalents compared with $7.9 billion at the end of the 2023 calendar year. Revenue in the latest quarter was $1.16 billion, a 3.3 percent increase......»»
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......»»
TrueCar"s Q2 net losses decrease thanks to higher dealer franchise revenue
The CDK cyberattacks caused some impact, but the vehicle listings company reduced losses, grew revenue and formally launched its enhanced TrueCar+ pilot......»»
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......»»
Apple reports record Q3 2024 earnings with $85.78 billion in revenue
Apple has revealed its full earnings report for the fiscal third quarter of 2024. The company reported $85.78 billion in revenue during the three-month period, covering April, May, and June. Net profit for the quarter came in at $21.45 billion, and e.....»»
Tim Cook says Apple is spending more to get Apple Intelligence ready for launch this fall
Apple on Thursday announced the results of its third fiscal quarter of 2024, with $85.78 billion in revenue from April to June. The company’s sales grew by 5%, and it seems that its executives have high expectations for the future. That’s because.....»»
AWS revenue growth soars once again as Amazon CEO calls for more AI
Amazon CEO Andy Jassy looks to up AWS capacity for AI even further......»»
CDK outage fuels 86% drop in Asbury Q2 net income
Lost business and one-time costs related to the CDK Global outage contributed to an 86 percent drop in Asbury's net income, though the retailer managed to post record revenue of $4.2 billion......»»