Foxconn expects sales to hit bottom in 2Q23
Hon Hai Precision Industry (Foxconn) expects to post another sequential revenue decline in the second quarter of 2023, hitting the year's low......»»
Chinese automaker BYD seeks further easing of Mexico EV tariffs
BYD launched sales in Mexico last year via imports, and the company has since announced plans to build a local plant to push out up to 500,000 cars a year for the domestic market......»»
September, Q3 sales impacted by ‘calendar quirk," affordability challenges
Analysts observe no new momentum in the quarter and a mostly lackluster sales pace......»»
Is the iPhone 16 in trouble? Early sales data doesn’t look good
The iPhone 16 is a great smartphone, but are people buying it? Early sales data paints a not-so-great picture......»»
Dealerships urge state and federal officials to relax emissions regulations in open letter
The flattening of EV sales growth has left vehicles piling up on their lots, the dealerships wrote......»»
Sony, Ubisoft scandals prompt Calif. ban on deceptive sales of digital goods
New California law reminds us we don't own games and movies. Enlarge (credit: Carol Yepes | Moment) California recently became the first state to ban deceptive sales of so-called "disappearing media." On Tuesday, Governo.....»»
EV sales remain healthy despite online doom and gloom
Battery EVs are expected to account for more than 8 percent. Enlarge (credit: Aurich Lawson | Getty Images) Battery-electric vehicles accounted for 8 percent of new vehicle sales in June and July of this year and should.....»»
Sorry, Microsoft — AI isn’t the reason people are buying new laptops
With all the hype around AI PCs this year, you might think everyone is loving the AI on their laptops -- but the IDC thinks it's irrelevant to sales......»»
VW ID Buzz allocations depend on ID4 sales success, location
The VW ID Buzz is set for a U.S. launch around Thanksgiving. The long-awaited model is set to become VW's most expensive model in the U.S......»»
Masimo CEO Joe Kiani resigns amid legal dispute with Apple
Apple and Masimo have been battling it out in court after the company specializing in health technologies managed to temporarily ban Apple Watch sales in the US due to alleged patent infringement. In the midst of this dispute, Masimo CEO Joe Kiani ha.....»»
CarMax"s Q2 net income rises 12%, revenue falls less than 1%
CarMax said it retailed 211,020 used vehicles in its second fiscal quarter, up 5.1 percent year over year. Same-store used-vehicle retail sales rose 4.3 percent......»»
Daily 5 report for Sept. 25: Another Stellantis challenge: Advertising
When an automaker's sales fall, an advertising agency review is sure to follow......»»
Stellantis reviews U.S. advertising accounts for Dodge, Ram, Chrysler, Alfa and Fiat
The review comes as the automaker is under dealer scrutiny as sales slump. The Jeep brand is not involved in the review......»»
Ransomware outfit claims it stole financial, employee, sales data from AutoCanada
The theft claim follows an IT breach from August. The publicly traded dealership group did not confirm being held for ransom......»»
This espresso machine is $300 off during early Prime Big Deals Days sales
Brew your favorite caffeinated beverages to perfection with the Philips 3200 Series espresso maker, now on sale for $600 when you buy on Amazon......»»
Daily 5 report for Sept. 24: EV realities set in at Automotive News Congress
It's not all doom and gloom despite EV sales not meeting growth expectations, but clearly the time for happy talk has ended......»»
Rivian launches pre-owned vehicle sales, joining Tesla in growing used EV market
Rivian has launched pre-owned sales of R1T and R1S models. Demand for used electric vehicles is solid because steep depreciation makes them a good value compared with gasoline cars, iSeeCars says......»»
EV sales will improve when automakers address affordability, experts say
The big hindrance constraining electric vehicle sales remains affordability, said Dave Katarski, COO of Feldman Automotive Group, during a panel discussion at the Automotive News Congress......»»
VW CEO Oliver Blume expects significant concessions from unions in crunch talks
VW Group CEO Oliver Blume said the automaker's costs in Germany are too high compared to international competition, setting up a clash with unions who have pledged fierce resistance to job cuts and plant closures......»»
Major discount chain is closing a Johnson County location. Sales go until its last day
Major discount chain is closing a Johnson County location. Sales go until its last day.....»»
VW Group trims jobs in China to lower costs, counter sales slump
A consumer slump in China, coupled with the market’s rapid shift toward EVs, has turned the former stronghold for Volkswagen into a weak spot......»»