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......»»
Quality woes hurt Ford earnings as GM outlook improves
Ford CEO Jim Farley said the company avoided about 12 recalls on its flagship F-150 by performing extra quality checks, but one Wall Street firm estimates the delay cost $3 billion in revenue......»»
Pretax charges drop Sonic Automotive"s Q1 net income
The company said $7 million in pretax charges contributed to a 12 percent dip in first-quarter net income......»»
GM posts higher Q1 profit, ups 2024 financial guidance
GM said it raised its full-year earnings guidance and set a first-quarter record for North American revenue......»»
Tesla cuts Full Self Driving cost by 1/3 ahead of earnings call
With the Model 2 cancelled, FSD is more important to Tesla than ever. Enlarge / Tesla's "Full Self Driving" system just got a third cheaper. (credit: Edie Leong for The Washington Post via Getty Images) Tesla has dropped.....»»
Tesla"s Elon Musk faces robotaxi skeptics, sales drop in Q1 earnings report; broad price cuts launched
CEO Elon Musk will face tough questions after a Q1 sales decline and reports Tesla stopped work on an affordable EV in favor of a dedicated robotaxi without human controls......»»
Tesla"s Elon Musk faces robotaxi skeptics, sales drop in Q1 earnings report
CEO Elon Musk will face tough questions after a Q1 sales decline and reports Tesla stopped work on an affordable EV in favor of a dedicated robotaxi without human controls......»»
Password crackdown leads to more income for Netflix
Netflix to stop reporting subscriber numbers, prioritizing viewer engagement instead. Enlarge (credit: Bloomberg) Netflix’s crackdown on password sharing helped the streaming service blow past Wall Street’s earnings.....»»
Whistleblower reveals 2023 CareGard cyberattack, says F&I company concealed it from partners
AFG Cos. was unprepared for a ransomware attack last summer, for months had been unsure of the extent of the breach, and as of early this month hadn't alerted automaker partners or the agents selling its coverage to dealerships, a whistleblower alleg.....»»
Netflix Gained More than 9 Million Subscribers for Q1 2024
New data from Netflix's reported earnings show that it gained 9.33 million paid subscribers for Q1 2024 alone. The post Netflix Gained More than 9 Million Subscribers for Q1 2024 appeared first on Phandroid. Netflix is in an interesting sp.....»»
Cyberattack on key parts supplier triggered dispute that cost Stellantis $300M, lawsuit says
The automaker lost more than $300 million in revenue because it was unable to manufacture 6,000 vehicles without parts from Yanfeng, the lawsuit says......»»
5 reasons Elon Musk is cutting jobs at Tesla ahead of Q1 earnings
"About every five years, we need to reorganize and streamline the company for the next phase of growth," CEO Elon Musk said. Tesla reports earnings April 23 after global sales fell 8.5 percent last quarter on weak demand......»»
Supporting the future of Mars exploration with supercomputers
You may have flown a flight simulator in a computer game or at a science museum. Landing without crashing is always the hardest part. But that's nothing compared to the challenge that engineers are facing to develop a flight simulation of the very la.....»»
Internet can achieve quantum speed with light saved as sound
Researchers at the University of Copenhagen's Niels Bohr Institute have developed a new way to create quantum memory: A small drum can store data sent with light in its sonic vibrations, and then forward the data with new light sources when needed ag.....»»
Sonic Dream Team’s next free update adds a new zone and ranking system
Sonic Dream Team is getting a free major update this week as developer Sega Hardlight continues its support for the mobile title following layoffs......»»
Unfortunately, a surprise million-dollar App Store windfall for some developers is a bug
Some developers had an exciting morning, as a bug in App Store Connect misreported millions in earnings from apps in the App Store for a while.App Store ConnectApp Store Connect provides developers with analytics and figures relating to apps submitte.....»»
CarMax"s market share prospects in focus ahead of Q4 earnings
CarMax, of Richmond, Va., reports earnings Thursday for the fiscal quarter and year ended Feb. 29......»»
Horror indie game hit Dredge is getting a surprise film adaptation
The media production company behind the Sonic the Hedgehog movies wants to make 2023 horror indie game hit Dredge into a film......»»
Clocks going forward can catch investors napping: How investors" reactions are affected by sleep disruption
Clocks losing an hour in spring significantly affects how investors respond to companies that reveal unexpected levels of earnings, research shows......»»
Apple now allows retro game emulators on its App Store—but with big caveats
It's probably not the Wild West of game emulation you're hoping for. Here's why. Enlarge / The classic Sega Genesis game Sonic the Hedgehog running on an iPhone—in this case, as a standalone app. (credit: Samuel Axon).....»»
Apple schedules Q2 2024 earnings release for May 2 ahead of WWDC
Apple has just announced that it will release its earnings report for the second quarter of fiscal 2024 on Thursday, May 2. As usual, the company will release its Q2 2024 earnings report and then hold a conference call with investors and analysts to.....»»