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Gentex says Q4 net income rose 2.3% while revenue improved 18%

Automotive mirror supplier Gentex said its fourth-quarter net income rose 2.3 percent to $86.2 million as customers improved production from previous quarters......»»

Category: topSource:  autonewsJan 27th, 2023

Scientists show that ancient village adapted to drought, rising seas

Around 6,200 BCE, the climate changed. Global temperatures dropped, sea levels rose and the southern Levant, including modern-day Israel, the Palestinian territories, Jordan, Lebanon, southern Syria and the Sinai desert, entered a period of drought......»»

Category: topSource:  physorgRelated NewsApr 30th, 2024

Lear"s Q1 net income falls as auto supplier goes full bore into automation

Lear Corp. reached a revenue record in the first quarter but saw net income drop 24% as it navigates operational and restructuring challenges related to lower volumes......»»

Category: topSource:  autonewsRelated NewsApr 30th, 2024

Stellantis revenue falls 12% in Q1; North American shipments slip 20% amid transition to new models

Stellantis has been reducing inventories "to reinforce our strong relative pricing ahead of our new or mid-cycle product launches this year in key regions," said CFO Natalie Knight......»»

Category: topSource:  autonewsRelated NewsApr 30th, 2024

Stellantis revenue falls 12% in Q1 on lower shipments amid transition to new models

Stellantis has been reducing inventories "to reinforce our strong relative pricing ahead of our new or mid-cycle product launches this year in key regions," said CFO Natalie Knight......»»

Category: topSource:  autonewsRelated NewsApr 30th, 2024

Stellantis revenue falls 12% in Q1on lower shipments amid transition to new models

Stellantis has been reducing inventories "to reinforce our strong relative pricing ahead of our new or mid-cycle product launches this year in key regions," said CFO Natalie Knight......»»

Category: topSource:  autonewsRelated NewsApr 30th, 2024

Penske Automotive Q1 net income falls 28%

Penske Automotive Group Inc.'s first-quarter retail automotive service and parts revenue grew 9 percent to a quarterly record of $746 million......»»

Category: topSource:  autonewsRelated NewsApr 30th, 2024

Mirror supplier Gentex"s Q1 net income rises 11% to $108 million, revenue reaches record $590 million

CEO Steve Downing credited the strong first quarter with increased take rates of mirrors with advanced features and technology......»»

Category: topSource:  autonewsRelated NewsApr 26th, 2024

AutoNation Q1 net income falls 34%; company to buy back $1 billion in stock

The dealership group saw continued revenue gains in financial services and service and parts revenue......»»

Category: topSource:  autonewsRelated NewsApr 26th, 2024

Quality woes hurt Ford earnings as GM outlook improves

Ford CEO Jim Farley said the company avoided about 12 recalls on its flagship F-150 by performing extra quality checks, but one Wall Street firm estimates the delay cost $3 billion in revenue......»»

Category: topSource:  autonewsRelated NewsApr 26th, 2024

Drinking water in low-income communities is more likely to be contaminated by "forever chemicals," research finds

PFAS, or forever chemicals, are widespread and more likely to be found in public water systems serving low-income communities and communities of color in New Jersey, according to new research from Northeastern University......»»

Category: topSource:  physorgRelated NewsApr 25th, 2024

Tesla"s freshened Model 3 Performance is a crazy fast, 510-hp bargain

Tesla adds adaptive suspension, improved sport seats and carbon-fiber interior accents. The performance trim is also the only Model 3 eligible for the $7,500 EV credit, making it a bargain......»»

Category: topSource:  autonewsRelated NewsApr 25th, 2024

The Asus ROG Ally just got a game-changing update

The most recent update for the Asus ROG Ally adds frame generation to the handheld, which promises vastly improved performance......»»

Category: topSource:  digitaltrendsRelated NewsApr 25th, 2024

Pretax charges drop Sonic Automotive"s Q1 net income

The company said $7 million in pretax charges contributed to a 12 percent dip in first-quarter net income......»»

Category: topSource:  autonewsRelated NewsApr 25th, 2024

Mobileye quarterly loss widens, revenue plunges as chip orders decline

Mobileye Global reported a sharp fall in first-quarter revenue on Thursday, hurt by fewer orders for its driver-assistance chips as clients rein in spending amid an uncertain economy and excess inventory.  .....»»

Category: topSource:  autonewsRelated NewsApr 25th, 2024

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......»»

Category: topSource:  autonewsRelated NewsApr 25th, 2024

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......»»

Category: topSource:  autonewsRelated NewsApr 24th, 2024

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......»»

Category: topSource:  autonewsRelated NewsApr 24th, 2024

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.....»»

Category: topSource:  autonewsRelated NewsApr 24th, 2024

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......»»

Category: topSource:  autonewsRelated NewsApr 24th, 2024

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......»»

Category: topSource:  autonewsRelated NewsApr 24th, 2024