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......»»
Optoelectronic diamond device reveals an unexpected phenomenon reminiscent of lightning in slow motion
Diamond is in many ways the ultimate material. Besides its enduring aesthetic value, diamond is also a highly versatile industrial material. While its claim as the hardest substance known to science has been usurped by ultra-rare minerals and newly d.....»»
Celebrity group"s 4 dealerships sue CDK over cyberattack
Celebrity Motor Car Co.'s four dealerships have all sued CDK Global, accusing it of soliciting business by relating the risks of a dealership breach and the cybersecurity CDK could provide — only to be hacked itself and unavailable to retailers aft.....»»
AutoNation sale of 2 Ford stores may just be start
AutoNation Inc. in August sold two Ford dealerships and it appears it may have more dealerships slated to sell, according to a regulatory filing......»»
This tiny backyard bug does the fastest backflips on Earth
Move over, Sonic. There's a new spin-jumping champion in town—the globular springtail (Dicyrtomina minuta). This diminutive hexapod backflips into the air, spinning to over 60 times its body height in the blink of an eye, and a new study features t.....»»
Daily 5 report for Aug. 27: How dealers adapted during the CDK outage
Reporter Paige Hodder shows how dealers adapted and the lessons they learned from the CDK cyberattack crisis. One big message: Don't get too dependent on technology......»»
Public dealerships" F&I gross profits fall in Q2 but most above $2,000 a vehicle
AutoNation, Lithia, Group 1, Sonic and Asbury all had same-store finance and insurance gross profit per vehicle above $2,000 in the second quarter......»»
Lithia"s captive finance company Driveway Finance turned a Q2 profit
Lithia Motors Q2 2024 earnings: After just a few years of operation, Lithia's relaunched captive finance car loan company Driveway Finance Corp. turned a profit during the second quarter and was on track to stay that way......»»
Microchip Technology manufacturing facilities impacted by cyberattack
American semiconductor manufacturer Microchip Technology Incorporated has had some of its business operations disrupted by a cyberattack. “As a result of the incident, certain of the Company’s manufacturing facilities are operating at less th.....»»
Video dominates mobile app revenue; TikTok coins reward live streamers
Video dominates mobile app revenue, according to a new report. Of the total $3.8B smartphone owners spent on entertainment apps last quarter, three billion of it was spent on streaming and short video apps. The most dramatic growth in earnings was.....»»
Stellantis shareholders sue automaker in U.S. after disappointing earnings
The complaint said Stellantis artificially inflated its stock price for much of 2024 by making "overwhelmingly positive" assessments about inventories, pricing power, new products and operating margin......»»
CDK cyberattacks dampen public dealership groups" Q2 numbers
The June 19 CDK cyberattacks significantly dampened earnings or created noteworthy short-term financial setbacks for five of the six public dealership groups......»»
Sonic executive calls out automakers for inventory pileups
Sonic said its days' supply for some brands is as much as 200 days......»»
What"s Next for Super Micro Computer After Stock"s 20% Post-Earnings Plunge?
What"s Next for Super Micro Computer After Stock"s 20% Post-Earnings Plunge?.....»»
Reddit might start putting some subreddits behind paywalls
Following the announcement of the company’s Q2 results on Tuesday afternoon, Reddit CEO Steve Huffman spoke to shareholders and answered questions in an earnings call. … The post Reddit might start putting some subreddits behind paywalls.....»»
Watch SpaceX Falcon 9 rocket generate sonic boom during landing (video)
Watch SpaceX Falcon 9 rocket generate sonic boom during landing (video).....»»
iPad Pro updates ignite consumer interest, giving a giant boost to sales
Customers are opting for the high-end iPad Pro models, driving an increase in sales and renewed interest in Apple's tablet line.iPad Pro refresh helped Apple beat earnings expectationsIn May 2024, Apple launched new iPad Pro and iPad Air models, feat.....»»
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.....»»
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......»»
EV delays, changing plans dim suppliers" financial outlooks
Suppliers said automakers' rapidly shifting electrification plans will weigh on their future earnings as they make fewer parts for electric vehicles than they were banking on......»»
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......»»