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......»»
ALPHV/BlackCat threatens to leak data stolen in Change Healthcare cyberattack
The ALPHV/BlackCat ransomware group has claimed responsibility for the cyberattack that targeted Optum, a subsidiary of UnitedHealth Group (UHG), causing disruption to the Change Healthcare platform and affecting pharmacy transactions across the US......»»
Self-driving sensor maker Luminar"s shares fall as production delay at Volvo hits earnings
Luminar Technologies shares tumbled about 11% Wednesday after the self-driving sensor maker's fourth-quarter results missed estimates on delayed production schedule for Volvo Cars' new EX90 electric crossover......»»
Fisker to report Q4 earnings amid EV slowdown, pivot to franchised dealers
Questions submitted by investors for the earnings call reflected concerns about Fisker's financial stability and problems with its first vehicle, the Ocean, which launched in the U.S. in late June......»»
AgileBlue Sapphire AI streamlines SecOps and SOAR processes
AgileBlue announced the availability of Sapphire AI in its Cerulean XDR|SOAR platform. The advanced AI system reinforces the company’s commitment to customer excellence, serving as the first line of defense against a cyberattack. With cybe.....»»
Rivian, Lucid earnings reports tell a tale of a tough EV market
Rivian and Lucid are burning through cash. Sales are expected to be flat this year. The EV startups, along with Tesla, are trying to move downmarket for growth......»»
GM to include EVs, software, Cruise in salaried employees" bonuses
For 2024, 60 percent of salaried employees' bonuses will come from earnings before interest and taxes and free cash flow, while 40 percent will come from EVs, software and services and Cruise, has learned......»»
Lithia Motors downplays $50B 2025 revenue target, stresses earnings per share growth
Lithia Motors Inc. CEO Bryan DeBoer is downplaying his dealership group's goal to reach $50 billion in revenue by 2025 and is focused more on another benchmark......»»
Lucid says Q4 net losses widen to $654 million, predicts stagnant production
The EV maker said its full-year 2023 net loss was $2.83 billion compared with 2022's net loss of $1.3 billion. Its stock price fell sharply after the disappointing fourth-quarter earnings report......»»
AutoNation naming rights end at Fort Lauderdale soccer stadium
MLS' Inter Miami CF stadium had been named for AutoNation Inc.'s DRV PNK initiative......»»
Visteon Q4 earnings, net income soar amid tax credit
Visteon's earnings soared in the fourth quarter amid a $313 million U.S. tax benefit and a rise in new business ventures......»»
Rivian and Lucid to report Q4 earnings as the once-hot startups face cooling EV demand
Rivian and Lucid cut vehicle prices in February even as both burn through cash. The startups once had higher market valuations than GM or Ford but are now worth a small fraction of their market peaks......»»
5 movies leaving Prime Video in February you have to watch
Fill your watch list for the month with these five movies leaving Prime Video in February 2024, including Sonic the Hedgehog 2 and Jason Momoa's Braven......»»
UAW strike dinged supplier earnings, but worst-case scenarios were dodged, Q4 reports show
Major suppliers were largely able to absorb the financial impact of the UAW strike and avoid the worst-case scenarios many feared in the lead-up to the work stoppage, but challenges persist......»»
Exploring why we all hate to wait
Back in 1981, Tom Petty sang that the waiting is the hardest part. New research from The University of Texas helps to explain why......»»
First state-level look at long COVID reveals the seven hardest-hit states
New England and the Pacific tended to have lower rates of long COVID. Enlarge / A woman with Long COVID who is completely bedridden, requiring the use of a wheelchair to move between rooms of her home. (credit: Getty | Rhiannon.....»»
AutoNation integrating RepairSmith with its used-vehicle stores
The publicly traded dealership group acquired RepairSmith in 2023 and is now integrating it with its standalone AutoNation USA used-car stores......»»
Battery maker Varta halts production after cyberattack
German battery manufacturer Varta was forced to shut down its IT systems and stop production as a result of a cyberattack. The Varta cyberattack The cyberattack occurred on Monday night and affected five of the company’s production plants and t.....»»
Lyft’s CEO says ‘my bad’ on margin error, ‘it was one zero’
Lyft Inc. Chief Executive Officer David Risher’s response to a clerical error that unintentionally inflated the company’s earnings outlook on Tuesday and sent shares soaring: “My bad.”.....»»
Lithia net income down 13%, revenue at record $7.7 billion in Q4
Lithia Motors Inc. Q4 2023 earnings: Car dealership group reached a record $7.7 billion in revenue but saw net income fall to $216 million......»»
Sonic Automotive Q4 net income soars despite EchoPark, powersport segment struggles
The retailer's fourth-quarter revenue was flat compared with a year earlier......»»