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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......»»

Category: topSource:  autonewsMar 22nd, 2024

Honda doubles EV investment to $64B, fleshes out 7 new models in 0 Series

Honda CEO Toshihiro Mibe outlines the business case for achieving fat electric vehicle margins by the end of the decade as he doubles investment in next-generation EVs......»»

Category: topSource:  autonewsRelated NewsMay 16th, 2024

Honda recalls 187,290 Ridgeline pickups over issue with rearview cameras

Rearview cameras may fail when tailgate is repeatedly opened in the presence of freezing temperatures, salt......»»

Category: topSource:  autonewsRelated NewsMay 14th, 2024

"Free" delivery plans can profit both retailers and customers

In March, Target became the latest mega-retailer to offer "free" delivery—for a price. For $99 a year, subscribers to Target Circle 360 can place unlimited orders without having to worry about shipping costs. Target competes with similar plans offe.....»»

Category: topSource:  physorgRelated NewsMay 14th, 2024

Honda OK to reject store acquisition by poor-performing dealership, court rules

For the third time, a Honda dealership with one of the lowest retail sales effectiveness scores in Ohio has lost a bid to require American Honda Motor Co. to approve its acquisition of another store......»»

Category: topSource:  autonewsRelated NewsMay 13th, 2024

Profit, rules or values: Skills that lead to success on the labor market

There is no specific set of skills that university graduates need in order to be successful professionally. Rather, the required skills vary according to different areas of the labor market and their specific requirements......»»

Category: topSource:  physorgRelated NewsMay 13th, 2024

Toyota dealer adds $2 million satellite for new battery plant workers

Toyota of Greensboro will open a new $2 million delivery and service center exclusively for 5,100 new employees of automaker's new N.C. battery plant......»»

Category: topSource:  autonewsRelated NewsMay 12th, 2024

Acer Swift X 14 review: surprising performance, shocking price

The Acer Swift X 14 doesn't bother much with looking pretty or keeping trim. Instead, it's all about a winning combination of performance and display quality......»»

Category: topSource:  digitaltrendsRelated NewsMay 11th, 2024

Automakers hedge their bets with plug-in hybrids as EV sales slow

Originally regarded as stopgap solutions, hybrids are in it for the long haul. Enlarge (credit: Honda) Global carmakers are stepping up their investment in hybrid technologies as consumers’ growing wariness over fully.....»»

Category: topSource:  informationweekRelated NewsMay 10th, 2024

First Black female Lexus dealer Ellenae Henry-Fairhurst dies

Henry-Fairhurst made her landmark purchase of an Infiniti dealership in 1999......»»

Category: topSource:  autonewsRelated NewsMay 9th, 2024

Accounting change drives down Cars Commerce Q1 net income

Cars Commerce's 2023 acquisition of D2C Media helped promote revenue gains, and price increases helped boost average revenue per dealer......»»

Category: topSource:  autonewsRelated NewsMay 9th, 2024

Apple profits surge as consumers choose pricier iPhone storage options

Amidst plateauing iPhone sales, Apple's enhanced storage upgrade options have emerged as a significant profit driver.Apple profits surge as consumers choose pricier iPhone storage optionsApple has long leveraged the strategy of encouraging iPhone use.....»»

Category: appleSource:  appleinsiderRelated NewsMay 8th, 2024

CEO Koji Sato reloads for long-term growth after leading Toyota to record profit, sales, production

Toyota reports across-the-board record results in its just-ended fiscal-year, but it warns earnings will retreat in the current year......»»

Category: topSource:  autonewsRelated NewsMay 8th, 2024

Toyota CEO Sato leads automaker to record profit, sales, production

Toyota reported record quarterly sales and record profits, but warned earnings will retreat in the current year as it takes a break from hectic expansion and invests in next-generation EVs, software and AI......»»

Category: topSource:  autonewsRelated NewsMay 8th, 2024

F&I gross profit per vehicle down for 5 of 6 public groups in Q1

The retailers pointed to high interest rates again as a major contributor to the declines......»»

Category: topSource:  autonewsRelated NewsMay 7th, 2024

American Axle Q1 revenue, profit climb

American Axle & Manufacturing increased revenue and profit in the first quarter thanks to steadier production from its customers. Net income swung to a $20.5 million gain from a $5.1 million deficit in the same period last year......»»

Category: topSource:  autonewsRelated NewsMay 4th, 2024

Soft EV demand bedevils public dealer groups in Q1

All six public retailers experienced challenges with electric vehicles, but also saw opportunities......»»

Category: topSource:  autonewsRelated NewsMay 4th, 2024

Sony demands PSN accounts for Helldivers 2 PC players, and it’s not going well

A surprise hit, a network with brutal baggage, and the Steam profit paradox. Enlarge / This gear is from the upcoming "Polar Patriots" Premium Warbond in Helldivers 2. It's an upcoming change the developer and publisher likely wi.....»»

Category: topSource:  theglobeandmailRelated NewsMay 4th, 2024

American Axle revenue, profit climb in first quarter

American Axle & Manufacturing Holdings Inc. increased revenue and profit in the first quarter thanks to steadier production from its customers. The automotive supplier saw year-over-year revenue growth of 7 percent to $1.6 billion during the period,.....»»

Category: topSource:  autonewsRelated NewsMay 3rd, 2024

Minority dealer Julie Herrera expands IDEA Auto Group

City Limits Nissan is the first dealership Julie Herrera bought without the backing of her investor partner Cavender Auto Family of San Antonio......»»

Category: topSource:  autonewsRelated NewsMay 3rd, 2024

First look at the Sony Honda EV: More than a PlayStation on wheels

The AFEELA concept previews an EV from the joint venture, due in 2026. Enlarge / Sony Honda Mobility will start taking orders for its AFEELA EV next year. (credit: Peter Nelson) We're living through a period of radically.....»»

Category: topSource:  arstechnicaRelated NewsMay 2nd, 2024