Epistar may see profit from Kaistar
LED epitaxial wafer and chip maker Epistar stands a chance of bringing in non-operating profit from its China-based joint venture Kaistar Lighting (Xiamen), a vertically-integrated LED maker focusing on lighting, according to industry sources......»»
Average dealership profit falls again in 2023, report from Presidio and NCM Associates shows
The stark decrease in profit will also likely bring dealership valuations down......»»
Study of car lenders shows AI could mitigate bias and open lending to marginalized customers
Lenders operating in indirect retail channels such as car dealerships could improve their profit margins by over a third by using artificial intelligence to support the retailers' salespeople rather than rely on salespeople alone to price loans at th.....»»
Honda to trim U.S. dealer profit margins
The company is also making some reductions and changes in marketing, advertising and service payments as it adjusts spending for the shift to electric vehicles......»»
Geely profit tops estimates even as price war rages on
Geely's transition toward EVs is showing positive early results, with battery-powered vehicles, including plug-in hybrids, now making up almost 30 percent of its sales......»»
Bentley buyers are splashing out $42,000 on options for each car
Bentley buyers spend $42,000 on options for each car and the manufacturer earned $640 million of operating profit in 2023......»»
Q&A: How Instagram influencers profit from anti-vaccine misinformation
While Instagram might have a reputation for superficiality—a realm of exquisitely filtered images—it is now eclipsing other social media as a news source. The platform is increasingly filled with information, some of it pernicious and distributed.....»»
Never-before-seen Linux malware gets installed using 1-day exploits
Discovery means that NerbianRAT is cross-platform used by for-profit threat group. Enlarge (credit: Getty Images) Researchers have unearthed Linux malware that circulated in the wild for at least two years before being i.....»»
F&I gross profit per vehicle down for 4 of 6 publics in Q4
Same-store finance and insurance gross profit per car sold fell at four of the top six franchised auto dealership groups in the fourth quarter compared with a year earlier. AutoNation was the only major new-vehicle public retailer to grow F&I profit.....»»
Photos: BSidesZagreb 2024
BSidesZagreb is a complimentary, non-profit conference driven by community participation, designed for information security professionals and enthusiasts to gather, exchange ideas, and collaborate. Help Net Security sponsored the 2024 edition that to.....»»
Apple hit with class action lawsuit over iCloud’s 5GB limit and iPhone backup restrictions
A newly-proposed class action lawsuit alleges that Apple has “marked up its iCloud prices to the point where the service is generating almost pure profit.” As reported first by Bloomberg Law, the plaintiffs accuse Apple of “rigging the competit.....»»
Elon Musk Sues OpenAI, Sam Altman for Breaching Firm’s Founding Mission
Musk alleges they breached the firm's founding agreement by putting profit ahead of benefiting humanity. Elon Musk sued OpenAI and its Chief Executive Officer Sam Altman, alleging they violated the artificial intelligence startup&rs.....»»
EV maker Polestar raises $950 million, anticipates improved profit margin
Polestar projects double-digit gross profit margin by year end......»»
VisionDevCamp is a three-day hackathon for Vision Pro Devs
A three-day, low-cost, hackathon will take place in Santa Clara, California, giving developers a chance to team up and create apps for the Apple Vision Pro.VisionDevCamp to be held March 29 through March 31The not-for-profit event will be held from M.....»»
After a decade of stops and starts, Apple kills its electric car project
Report claims Apple leadership worried profit margins simply wouldn't be there. Enlarge / Apple's global headquarters in Cupertino, California. (credit: Sam Hall/Bloomberg via Getty Images) After 10 years of development,.....»»
Court blocks $1 billion copyright ruling that punished ISP for its users’ piracy
"Cox did not profit from its subscribers' acts of infringement," judges rule. Enlarge (credit: Getty Images | OcusFocus) A federal appeals court today overturned a $1 billion piracy verdict that a jury handed down agains.....»»
Flowers grown floating on polluted waterways can help clean up nutrient runoff
Cut-flower farms could be a sustainable option for mitigating water pollution. Enlarge / The cut flowers could pay for themselves and even turn a profit. (credit: Margi Rentis) Flowers grown on inexpensive floating platf.....»»
Q4 new-vehicle gross profits drop for big 6 public auto dealers
High interest rates, more expensive vehicles and a steadier post-pandemic supply chain are reducing new-vehicle gross profit, but it is still higher than pre-pandemic levels. That could change by year end......»»
Analysis: Biden"s drive for EVs collides with Detroit"s profit machines
The Biden administration and automakers are in the final stages of negotiating over ambitious new rules to accelerate the electric-vehicle transition that could cost Detroit's automakers billions and fuel an election-year clash over climate policy......»»
Stellantis profit fell 10% in second half of 2023 due to UAW strikes
Annual profit-sharing payouts to UAW employees in North America will be $13,860, Stellantis said, down from $14,760 last year......»»
Stellantis profit fell 10% in H2 due to N. America strikes
Stellantis is preparing for a difficult year with higher global vehicle output weighing on prices and an unpredictable broader backdrop......»»