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......»»
The best Sega Dreamcast games of all time
The Sega Dreamcast's life was short, but it had some great games, from Sonic Adventure 2 to Resident Evil......»»
Lear says Q2 earnings rise on record sales, lowers outlook amid EV uncertainty
Lear reported record sales and a modest gain in second-quarter net income as the company brings more automation technology in-house and adjusts to rapidly changing EV strategies......»»
4 takeaways from Tesla"s Q2 earnings as profit plunges
Automotive gross margin, a key indicator of profitability, fell to just under 15 percent in the second quarter, its lowest level in five years. Tesla's operating margin fell to 6.3 percent from 9.6 percent a year earlier......»»
Stellantis to reduce output, cut prices after earnings plunge on weak U.S. results
Stellantis is counting on lower production, price cuts and new model launches to reverse plunging profits......»»
CEO Makoto Uchida says Nissan U.S. incentive spending nearly erases quarterly profit
Nissan CEO Makoto Uchida says soaring U.S. selling expenses fueled a 99 percent plunge in it’s quarterly operating profit, forcing him to cut the company’s full-year earnings forecast......»»
Ford Q2 earnings: Net income falls 4.5%, but revenue rises on strong commercial vehicle sales
Ford attributed a 6.5 percent revenue increase to strong results from its Ford Pro commercial vehicle unit, which earned $2.6 billion and achieved a 15.1 percent margin......»»
5 risks to watch as Nissan readies key earnings update
Nissan embarks on a new midterm business plan focused on growth. Here are the top risks to watch as CEO Makoto Uchida unveils the first quarterly earnings of the new era......»»
Top five risks to watch as Nissan readies key earnings update
Nissan embarks on a new midterm business plan focused on growth. Here are the top risks to watch as CEO Makoto Uchida unveils the first quarterly earnings of the new era......»»
Mitsubishi pivots to North America as new profit engine as earnings dip
TOKYO — Mitsubishi, one of the smallest mass-market brands in the U.S., is getting bullish about North America with plans to enhance the local lineup with vehicle updates annually through 2030. The Japanese carmaker will introduce these new or u.....»»
Tesla to report Q2 earnings amid falling sales, hopes for a robotaxi future
To counteract falling sales in major markets including the U.S., Tesla has offered a series of price cuts and incentives, including subsidized financing and lease deals that could dig into second-quarter profits, analysts said......»»
New Ally CEO Michael Rhodes says he"ll play to bank"s auto strength
Ally Financial's new CEO Michael Rhodes said during the second-quarter earnings call July 17 that he would continue to prioritize Ally strengths such as its auto business rather than "emerging opportunities.".....»»
iPhone 16 may not see super cycle after all, according to analyst report
Earnings calls from key iPhone suppliers suggest iPhone 16 isn't being ordered in any greater quantity than iPhone 15, bringing the rumored Apple Intelligence spurred super cycle into question.iPhone 16 Analysts have been connecting the dots since WW.....»»
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......»»
AutoNation, Sonic likely to be hardest hit on Q2 earnings by CDK cyberattacks
Both the second- and sixth-largest dealership groups in the U.S. use CDK's dealer management system at all stores......»»
Q2 earnings: CDK Global shutdown will hit all 6 public auto retailers, analysts predict
Both the second- and sixth-largest dealership groups in the U.S. use CDK's dealer management system at all stores......»»
Dealerships lost $1.02B in business after CDK cyberattack, updated AEG study says
Anderson Economic Group estimated auto dealerships lost 56,200 new-vehicle sales and more than $1 billion between June 19 and July 15 because of the CDK Global cyberattacks and subsequent software outages. .....»»
AutoNation: CDK cyberattack will reduce Q2 2024 earnings by $1.50 per share
AutoNation said this impact would be split about evenly between lost income and guaranteeing commissioned employees' pay......»»
Dealership insurance claims follow CDK cyberattack recovery
Some dealerships have already notified their insurance carrier about the June 19 CDK Global cyberattacks. Others are in wait-and-see mode......»»
Managing cyberattack fallout: Financial and operational damage
In this Help Net Security, Ashley Harrington, Director of Cybersecurity at Aspida, discusses the impact of cyberattack on business operations and financial health. Beyond immediate disruptions and financial burdens, cyber incident can severely damage.....»»
CDK cyberattack and Hurricane Beryl: Texas dealerships weather a double blow
Keating Automotive Group in Texas faced the double disruptions of CDK cyberattacks and Hurricane Beryl. Said owner Bean Keating: "What other choice do you have other than to roll with the punches?".....»»