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.....»»
Service customer arrested at gunpoint after dealership lost paperwork, suit says
A Kia dealership in California is being sued for reporting a vehicle as stolen after it misplaced the agreement loaning it to a customer who was having repair work done......»»
Service customer arrested at gunpoint after dealership lost paperwork
A Kia dealership in California is being sued for reporting a vehicle as stolen after it misplaced the agreement loaning it to a customer who was having repair work done......»»
The US is one of the world"s least trade-oriented countries—despite laying groundwork for today"s globalized system
Given the spate of news about international trade lately, Americans might be surprised to learn that the U.S. isn't very dependent on it. Indeed, looking at trade as a percentage of gross domestic product—a metric economists sometimes call the "ope.....»»
VinFast founder commits $1 billion as EV maker bleeds cash
Vietnamese billionaire Pham Nhat Vuong pledged to invest at least another $1 billion of his personal wealth into VinFast Auto Ltd., providing the capital needed for expansion of the struggling electric vehicle maker......»»
Asbury Q1 net income slips 19%; $4.2 billion in revenue sets record
Asbury Automotive Group produced $147.1 million in net income during the first quarter, down 19 percent from a year earlier as falling profit margins offset rising vehicle sales and revenue......»»
Hyundai doubles down on hybrids after Q1 profit slips 2.4%
After posting a 2.4 percent drop in quarterly profit, Hyundai said it will continue to expand its electrified model lineups globally by introducing more hybrids and new Ioniq models......»»
Lithia Q1 net income down 28% as "normalization" returns to profit per vehicle
Lithia Motors said it sold 188,119 new and used vehicles, with gross profit per vehicle dropping 22% to $4,346 in the first quarter......»»
Group 1 net income falls nearly 7% in Q1 as company ramps up acquisitions
Group 1's net income fell, while revenue and new- and used-vehicle sales grew......»»
U.S. EV battery upstart, Hyundai-Kia close in on lithium metal battery commercialization
SES AI, a U.S. maker of electric vehicle batteries, aims to bring its next-gen lithium metal batteries to market as early as 2026 and is turbocharging the drive through a new agreement to jointly build and test the technology with South Korea's Hyund.....»»
Ford Q1 net income falls 24% to $1.3 billion; revenue rises despite lower production
Ford cited a strong performance from its commercial vehicle unit, which earned $3 billion before interest and taxes, as the reason revenue increased while shipments declined.....»»
Group 1 net income falls nearly 7% in Q1 as it ramps up acquisitions
Group 1's net income fell, while revenue and new- and used-vehicle sales grew......»»
Group 1 net income falls nearly 7 percent in Q1
Group 1's net income fell, while revenue and new- and used-vehicle sales grew......»»
Tesla profits drop 55% as Elon Musk dodges cheap car questions
Tesla spent $1 billion on GPUs even as its profit margins shrank by half. Enlarge / Tesla shares rose by almost 11 percent in premarket trading despite the disastrous financial results. (credit: CFOTO/Future Publishing via Getty.....»»
Lithia Q1 net income down 28% as margins slip
Lithia Motors said it sold 188,119 new and used vehicles with a gross profit of $4,346 in the first quarter......»»
Tesla Q1 net income drops 55% to $1.1 billion; revenue slides 9% to $21.3 billion
Gross margin fell in the first quarter to 17.4 percent from 19.3 percent in the year-earlier period......»»
Apple Arcade is about fun, not profit, says exec in charge
Apple executive Alex Rofman says Apple Arcade was not set up to make the company money, but also insists that game developers are getting an income.Apple ArcadeApple Arcade launched in 2019, and was then included in the Apple One bundle in 2020. Toda.....»»
GM posts higher Q1 profit, ups 2024 financial guidance
GM said it raised its full-year earnings guidance and set a first-quarter record for North American revenue......»»
The 2024 Porsche Macan EV has character, pace, and the right badge
The new electric Porsche Macan starts at $78,800, deliveries begin later this year. Enlarge / The third-generation Porsche Macan drops the internal combustion engine—this one is only available as a battery electric vehicle. (cr.....»»
Home Assistant has a new foundation and a goal to become a consumer brand
Can a non-profit foundation get Home Assistant to the point of Home Depot boxes? Enlarge (credit: Open Home Foundation) Home Assistant, until recently, has been a wide-ranging and hard-to-define project. The open smart h.....»»
Home Assistant’s new foundation focused on “privacy, choice, and sustainability”
Can a non-profit foundation get Home Assistant to the point of Home Depot boxes? Enlarge (credit: Open Home Foundation) Home Assistant, until recently, has been a wide-ranging and hard-to-define project. The open smart h.....»»