Here are the Detroit 3-UAW profit-sharing amounts and how they"re calculated
The checks, which amount to a yearly bonus tied to the companies' financial performance, are the result of collective bargaining between GM, Ford and Stellantis and the UAW......»»
EU Core Technology Fee for small & non-profit developers pared way back
Responding to criticism that its Core Technology Fee for EU developers could see small App Store developers owing Apple excessive fees, the company has revised its rules for eligibility.European Union flagsAs part of complying with the EU's mandate t.....»»
GM will take top 2 floors at Hudson"s Detroit for new HQ — for now
More details are coming to light about General Motors Co.’s footprint in the Hudson’s Detroit property as it moves its headquarters out of the Renaissance Center. .....»»
Satellite images of plants" fluorescence can predict crop yields
Cornell researchers and collaborators have developed a new framework that allows scientists to predict crop yield without the need for enormous amounts of high-quality data—which is often scarce in developing countries, especially those facing heig.....»»
6 public auto dealership groups challenged by inflation, lower profit per vehicle
Asbury, AutoNation, Group 1, Lithia, Penske and Sonic continue turning to acquisitions or growing service and parts operations for new revenue sources......»»
FCC fines major wireless carriers over illegal location data sharing
The Federal Communications Commission (FCC) fined the nation’s largest wireless carriers for illegally sharing access to customers’ location information without consent and without taking reasonable measures to protect that information against un.....»»
VW Group"s Q1 profit drops 20% on lower volumes, higher costs
The automaker's Porsche brand reported a 14.8 percent operating margin decline on higher model revamp investments and lower demand for premium cars in China......»»
Mercedes to stay firm on pricing following Q1 profit drop
Mercedes said model transitions in the top-end segment and supply chain-related costs caused its return on sales to fall to 9.6 percent from 14.9 percent a year earlier, with vehicle sales down 8 percent at 462,978......»»
Scenes from the 2024 Automotive News PACE Awards
The event in Detroit celebrated the best in supplier innovation......»»
10 best TV shows of 2024 so far, ranked
We're sharing our picks for the 10 best TV shows of 2024 so far, with a few dark horse choices like a great crime drama on HBO and a Disney+ animated series......»»
Tesla"s plan for affordable cars takes page from Detroit rivals
Tesla has said it will use a current platform and production lines to produce what it called "more affordable" models by early next year......»»
New GM North America chief Marissa West has deep ties to automaker
While growing up, General Motors' first female North American president would collect brochures at the Detroit auto show and pretend to run her own dealership......»»
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......»»
GM"s Marissa West looks to connect with retailers as she oversees North American operations
While growing up, General Motors' first female North American president would collect brochures at the Detroit auto show and pretend to run her own dealership......»»
Dropbox announces a number of security and data protection features
Dropbox announced new security, organization, and sharing features to give teams the control, flexibility, and speed to get work done from anywhere. In the modern workplace, teams are spread across locations, time zones, and even different companies,.....»»
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......»»
Deadpool & Wolverine: Everything we know about the film formerly known as Deadpool 3
The film formerly known as Deadpool 3 has a new title: Deadpool and Wolverine. Now, we're sharing everything we know about it, including the first trailer......»»
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.....»»
CEO Mary Barra"s pay declined 3.9% to $27.8 million as GM missed stock targets
After eight consecutive years as the highest-paid Detroit 3 CEO, Barra's compensation trailed the $39 million Stellantis shareholders approved for Carlos Tavares......»»
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......»»