Lite-On Tech expects continued sales growth for 3Q22
EMS provider Lite-On Technology expects to post another sequential and on-year revenue increase in the third quarter of 2022, thanks to strong demand for automotive and cloud computing applications......»»
Lexus overtakes recall-afflicted BMW in Q3 sales race
Luxury brand deliveries inched 2.4 percent higher in the third quarter to 502,211 vehicles......»»
watchTowr raises $19 million to accelerate global growth
watchTowr announced a $19 million Series A funding round led by Peak XV, formerly known as Sequoia India & Southeast Asia, with repeat participation from Prosus Ventures and Cercano Management. The company will use the funds to capture market leaders.....»»
Weaker China results a drag on BMW, Mercedes Q3 sales
BMW's sales in China fell 30 percent, the steepest drop in more than four years. Mercedes sales declined 13 percent after Chinese buyers held back purchases of expensive models......»»
GM’s sales slide 21% in Q3; electrified vehicles top gasoline models for first time
In the third quarter, GM’s two joint ventures delivered more than 224,000 full electric and plug-in hybrid vehicles, an increase of 61 percent and 53 percent of the company's overall China sales. .....»»
Recall platform BizzyCar raises $15 million led by Dealer Tire
BizzyCar, a technology platform that automates recalls, closed a $15 million growth funding round led by Dealer Tire......»»
GM ditches failed Ultium battery branding as its EV sales soar
GM says it's time to embrace new cell formats and chemistries. General Motors is shaking up its electric vehicle strategy once again. Despite bumper EV sales in 2024, the US autom.....»»
Octopus suckers inspire new tech for gripping objects underwater
New adhesive system could be powerful tool for underwater salvage, rescue operations. Over the last few years, Virginia Tech scientists have been looking to the octopus for inspir.....»»
Industry sees influx of qualified minority dealer candidates, NAMAD president says
Automakers see the most success with minority dealer growth when it's a business directive that comes from the top of the company, said NAMAD President Perry Watson IV......»»
Volvo Deputy CEO Bjorn Annwall to leave amid management shake-up
Bjorn Annwall's departure comes after Volvo lowered its online sales goal and quit the car subscriptions business......»»
The M4 iPad Pro might be in trouble
Sales for this year’s iPad Pro appeared promising at launch in May, but Apple’s expectations for the expensive product are now decreasing......»»
General Motors is ditching Ultium branding for its EV batteries
GM says it's time to embrace new cell formats and chemistries. General Motors is shaking up its electric vehicle strategy once again. Despite bumper EV sales in 2024, the US autom.....»»
Global Mac shipments fell 17.5% ahead of M4 updates
A new market intelligence report indicates that global Mac shipments fell by 17.5% year-on-year in the previous quarter. That’s against a backdrop of roughly flat sales across all laptops and desktops. Technically Q3 saw the global PC market ach.....»»
Kuo: iPhone 16 sales matching expectations so far, no cutbacks anticipated
Apple’s iPhone 16 lineup launched just a few weeks ago. Now is about the time we typically hear supply chain reports that indicate how sales seem to be going. In contrast to a questionable report last week, today Ming-Chi Kuo has reported some good.....»»
Auto auctions in Florida cancel sales days, more dealerships close ahead of Hurricane Milton
Hurricane Milton prompted wholesale auto auction providers to cancel planned sales days at certain storm-warned locations in Florida this week......»»
Garmin may have cool new smartwatch screen tech to show off
Garmin may be about to debut a new kind of smartwatch screen on a its recently introduced Fenix 8 series......»»
The Tech industry"s vulnerabilities exposed by CrowdStrike outage
The Tech industry"s vulnerabilities exposed by CrowdStrike outage.....»»
BYD targets 100,000 EV sales in Mexico in 2025
BYD will announce where it will build its first factory in Mexico by the end of this year......»»
GM expects lower EV losses in 2025, will drop Ultium name
GM executives did not say if EVs will be profitable in 2025. They pointed to the improving trajectory as a sign of progress in GM's EV strategy......»»
GM drops Ultium name for EV platform
General Motors said at an Oct. 8 investor day that it expects to build roughly 200,000 EVs this year as it targets profitability......»»
Nissan revives stair-step plan to drive sales of 3 key models
Nissan dealerships that achieve October sales goals will get bonuses of $200 to $750 on each Rogue, Pathfinder and Frontier sold......»»