Connected cars are supposed to generate lots of revenue. So far, they have not.
The automotive industry is still sorting out the details as it seeks to reap profits from the data generated and gathered through the car......»»
Audi will drop four-ring logo on new China EVs, report says
Electric cars co-developed by Audi and SAIC might have a new logo or just use the Audi name......»»
Lucid to report Q2 earnings amid worries over cash burn, hopes for Gravity crossover
The EV startup, which launched the Air sedan in 2021, delivered a record 2,394 electric cars in the second quarter. But it also boosted sales incentives to $16,537 per car, Motor Intelligence said......»»
CDK outage fuels 86% drop in Asbury Q2 net income
Lost business and one-time costs related to the CDK Global outage contributed to an 86 percent drop in Asbury's net income, though the retailer managed to post record revenue of $4.2 billion......»»
First 3D visualization of an aluminum nanocomposite for the auto industry
Manufacturing cars with strong, lightweight aluminum alloys rather than steel could improve fuel efficiency and extend electric vehicle range, but the material's instability at high temperatures has held the alloys back from widespread adoption......»»
The worrying future of RAM and SSD pricing
There's a growing demand for DRAM and NAND Flash, and this means massive increases in revenue. It could also have a huge impact on pricing......»»
The 10 things car buyers say they want in their next car
The data explains why we keep seeing certain features on many new cars. Enlarge (credit: Getty Images) A wireless charging pad is now the most-desired in-car feature among people intending to buy a new vehicle. Being abl.....»»
Mobileye slashes annual forecasts on uncertain demand; shares fall
Mobileye Global cut its annual revenue and profit forecasts on Thursday, slammed by volatile demand for its driver-assistance chips in China, even as it recovered from a sales slump brought on by a global auto inventory glut......»»
Hybrids, currency windfalls help Toyota extend record profit momentum
Gasoline-electric hybrid cars helped bolster Toyota earnings in the latest quarter because hybrids typically have bigger margins and sell for higher prices......»»
Lithia net income down 28% in Q2 despite record revenue of $9.2B
Lithia Motors Inc. Q2 2024 earnings: Net income fell 28 percent during the second quarter despite the car dealership group generating record revenue for that earnings period......»»
Analysts expect modest growth in today’s AAPL Q3 2024 earnings report
AAPL Q3 2024 earnings will be revealed by the company later today, and Wall Street expects the company to report modest year-on-year sales growth of 2.3%. As is now standard, Apple didn’t offer any official revenue guidance for the quarter, but.....»»
Starliner clears routine preflight checks, but still has no return date
The mission was supposed to last a week, but it's been almost two months since the Starliner spacecraft docked with the International Space Station......»»
Starliner clears routine pre-flight checks but still has no return date
The mission was supposed to last a week but it's been almost two months since the Starliner spacecraft docked with the International Space Station......»»
Carvana Q2 net income swings to $48 million; revenue up 15%
The online used-vehicle retailer said it sold 101,440 used vehicles in the second quarter, up 33 percent from the year-earlier period......»»
“AI toothbrushes” are coming for your teeth—and your data
App-connected toothbrushes bring new privacy concerns to the bathroom. Enlarge / Oclean's X Ultra, released in July, has optional Wi-Fi connectivity. (credit: Oclean) One of the most unlikely passengers on the AI gadgets.....»»
Xbox console sales continue to crater with massive 42% revenue drop
Xbox Series X/S sales seem to have peaked early in 2022. Enlarge / The tumbling continues. Microsoft's revenue from Xbox console sales was down a whopping 42 percent on a year-over-year basis for the quarter ending in J.....»»
How technology and robotics are helping Brazil monitor and control an invasive coral species
When the expanded yellow tentacles of the sun coral began to appear on the Brazilian coastline, alarms rang. This species, also known as Tubastraea, was not supposed to be there. The movement of oil platforms and other shipping near Rio de Janeiro in.....»»
Lawmakers ask FTC to investigate the sale of driver data, alleging ‘flagrant abuse" of privacy
Automakers, which have made lofty revenue projections about the riches to be found in the sale of connected vehicle data, have largely sought to ignore the fact that consumers do not want their data to be sold......»»
AutoNation net income, revenue harmed by CDK cyberattacks
AutoNation Inc. reported a massive drop in net income due in part to lost revenue and hits to vehicle sales stemming from the June 19 CDK Global cyberattacks.....»»
Penske Automotive Q2 net income falls 20% on higher interest costs
Penske Automotive Group net income dropped in the second quarter, though the auto retailer posted record second-quarter revenue of $7.7 billion......»»
AMD raises forecast for AI chip revenue and sees supplies remaining tight
AMD raises forecast for AI chip revenue and sees supplies remaining tight.....»»