Carvana says it expects adjusted profit of more than $50M in Q2; shares surge 49%
The announcement sparked a rally for Carvana shares on Wall Street on Thursday. Shares rose 49 percent in afternoon trading......»»
Volvo lowers 2026 profit margin target
Volvo, like other automakers, is seeing slowing demand for EVs due in part to high sticker prices and is also bracing for the effects of extra EU tariffs on EVs made in China......»»
Why do typhoons like to cluster? Researchers identify key weather patterns
This August, Japan and South Korea, particularly Japan, have experienced a dramatic surge in typhoon activity. From August 8 to August 13, within just six days, Typhoons Maria, Son-Tinh, Ampil, and Wukong consecutively formed over the waters east of.....»»
A new iPad mini 7 may be close -- what the rumor mill says is coming
Apple is rumored to be just weeks away from introducing an updated iPad mini. Here's what the rumor mill expects what features it will have, and what it probably wont.iPad mini 6The last update to the iPad mini was in September 2021, making it close.....»»
Q&A: Business expert shares insights from panel formed to examine infant formula crisis
Despite complex regulations for infant formula, contamination in production and supply chain issues at Abbott Nutrition created a dangerous shortage in 2022......»»
Carvana developing ADESA Kansas City into joint vehicle auction and inspection ‘megasite"
ADESA Kansas City, in Belton, Mo., is the third ADESA auto auction at which Carvana is adding its own inspection and reconditioning processes......»»
Polestar posts $242M loss amid EV demand slowdown
The automaker expects the Polestar 3 and 4 will help boost sales in the second half of the year, particularly in the last few months when demand for the two premium crossovers should grow......»»
Guest commentary: Surge in leasing numbers an opportunity for dealers
While leasing as a whole appears to be bouncing back, it is not yet attracting first-time lessees at a rate commensurate to that before the pandemic......»»
Concentric AI unveils AI-based DSPM functionality that monitors user activity risk
Concentric AI announced an AI-based DSPM functionality that monitors user activity risk and remediates user-centric data security issues in on-premises data repositories such as Windows file shares and DELL Isilon environments. With this launch, ente.....»»
F&I revenue still possible as leasing returns
As leasing grows across the country, car dealership finance managers might have a harder time hitting the kind of F&I gross profit per vehicle seen during the inventory shortage. But there's still an opportunity for the finance and insurance office,.....»»
Climate change feedbacks lead to surge in natural methane emissions
Attempts to cut greenhouse gases made tougher by increased emissions. Enlarge / A view of the Pantanal wetlands in Brazil. New research shows a large chunk of global methane emissions are from rotting vegetation in tropical wetla.....»»
Hyundai turns to new hybrid tech to power growth amid "slowdown" in EV demand
Hyundai is leaning heavily into hybrids, citing ‘the recent slowdown’ in EV demand, and expects its sales of the gasoline-electric vehicles to more than double as it rolls out new electrified powertrain technologies and extends them to the Genesi.....»»
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......»»
Half of enterprises suffer breaches despite heavy security investments
Data breaches have become an increasingly severe threat, with recent reports highlighting a surge in their frequency and cost. Understanding the latest trends and statistics surrounding data breaches is essential for developing effective strategies t.....»»
James Gunn shares first look at Skyler Gisondo as Jimmy Olsen in Superman
On the character's comic book anniversary, James Gunn shared the first look at Skyler Gisondo as Jimmy Olsen in Superman......»»
Manganese nanoparticles can more than double availability of world"s potable water, say scientists
Manganese ferrite nanoparticles could lead to a substantial surge in the availability of drinking water globally when used to modify the filtering sheets currently used in water treatment plants, according to scientists......»»
A new malware threat to macOS adds to the data-stealing surge
Mac users face another macOS threat that aims to steal your data and targets x86_64 and Arm architectures......»»
VW scales back plans for battery cell plants in Europe, North America
VW expects to start production next year at a new gigafactory in Germany, but said it may take longer to scale up battery cell capacity at plants in Spain and Canada......»»
FDA Approves New Covid Vaccines Amid Summer Surge
The updated vaccines target the currently circulating KP.2 variant......»»
Dodge"s challenge: Get Hellcat buyers to shell out for EVs
Dodge CEO Matt McAlear expects the upcoming Charger Daytona EV to convert some muscle car owners while drawing in new consumers intrigued by zero-emission technology......»»