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......»»
First Black female Lexus dealer Ellenae Henry-Fairhurst dies
Henry-Fairhurst made her landmark purchase of an Infiniti dealership in 1999......»»
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......»»
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.....»»
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......»»
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......»»
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......»»
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......»»
Soft EV demand bedevils public dealer groups in Q1
All six public retailers experienced challenges with electric vehicles, but also saw opportunities......»»
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.....»»
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,.....»»
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......»»
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.....»»
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.....»»
Honda plants 85,000 trees outside factories in Ohio
The initiative will increase biodiversity in the region near three of Honda's operations and will help the automaker get closer to its carbon neutrality goal......»»
Toyota sales rise 14%; Honda edges up; Hyundai, Kia slip in April
U.S. light-vehicle sales are expected to drop about 2 percent in April, reflecting one less selling day than a year earlier and weaker fleet shipments, analysts say......»»
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......»»
Why Honda chose Canada for its $11 billion EV hub
Taking advantage of production subsidies offered by the U.S. may have put the company ahead financially, but Canada’s tax credits came with no uncertainty......»»
Lithia: Driveway Finance has $2M loss in Q1, still on track for profitability in 2024
Lithia Q1 2024 earnings: Car dealer Lithia Motors Inc.'s developing captive finance company Driveway Finance Corp. lost $2 million during the first quarter, compared with a $21 million loss a year earlier......»»
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......»»