Lithia says Q2 net income slipped 11% while new stores lifted revenue 12%
Lithia Motors reported second-quarter revenue of $8.1 billion, up 12 percent from a year earlier, but net income fell 11 percent to $301.1 million......»»
How to install Fortnite on your iPad or iPhone outside of the European Union
Epic Games relaunched Fortnite in the EU a couple days ago, after a 4 year legal battle with Apple over the App Store’s 30% revenue cut. Apple announced changes to app distribution in the EU earlier this year, and Epic is finally taking advantage o.....»»
Coulter Motor Co. settles vehicle pricing add-ons case with FTC, Arizona for $2.6 million
The owner of dealerships Coulter Cadillac Tempe and Coulter Buick GMC Tempe and a former general manager of the stores have agreed to pay a combined $2.6 million to settle allegations of bait-and-switch advertising, price discrimination and improper.....»»
Asbury Automotive sells Chevy store, Escude Automotive buys two S.C. stores
Publicly held Asbury Automotive Group sold another dealership, while Anderson Automotive Group also shed two stores......»»
Video dominates mobile app revenue; TikTok coins reward live streamers
Video dominates mobile app revenue, according to a new report. Of the total $3.8B smartphone owners spent on entertainment apps last quarter, three billion of it was spent on streaming and short video apps. The most dramatic growth in earnings was.....»»
Alibaba sees revenue hit by caution in cloud space
News follows previous results from this quarter suggesting that cloud dominance is still very much a three-horse race......»»
Sonos laying off 6% of employees ‘for long-term success’
Sonos announced layoffs of about 100 employees as the company weathers a continued software meltdown, and a major loss of revenue because of it......»»
Polestar to boost U.S. retail network by nearly 75% as new product arrives
The EV brand, which is tripling the size of its lineup this year, plans to add 20 stores in the U.S. by the end of 2025......»»
AutoCanada considers selling U.S. stores, reports data breach and $24 million Q2 loss
AutoCanada is exploring the sale of its U.S. dealerships and other “non-profitable and non-core assets,” as the company swung to a loss for the second quarter amid falling sales, a significant used-vehicle inventory writedown and fallout from the.....»»
Poverty premium on energy costs impacts poorer households
People living in poorer households are more likely to face higher energy costs than those who do not, a study shows. Those in low income households are more likely to pay more for their basic energy tariff and also incur higher costs per unit of ener.....»»
Nissan dealership profits tank amid U.S. sales struggles
The average Nissan dealership earned 70 percent less in the first half of the year than in 2023, with more than a third of stores losing money, according to data obtained by Automotive News......»»
American Axle more than doubles Q2 net income but warns of R&D, product launch costs
American Axle struck deals with European automakers, but it expects increased volatility as it prepares for ramp-up costs......»»
T-Mobile’s Revvl 7 Pro is Being Recalled from Stores
It's unknown as to what's caused the recall, at the moment. The post T-Mobile’s Revvl 7 Pro is Being Recalled from Stores appeared first on Phandroid. In an unfortunate turn of events, it looks like T-Mobile has issued a recall for u.....»»
Cars Commerce Q2 net income drops 88% with accounting adjustment
Cars Commerce lowered its guidance in part because of the impact from the CDK Global cyberattacks in June......»»
Luminar Q2 net loss narrows to $130.6 million; debt restructuring deal reached
The lidar supplier said revenue grew 2 percent to $16.5 million......»»
Openlane"s vehicle volume up 7%, revenue rises 3.6% in Q2
The CDK outage in June disrupted operations for some of Openlane's clients, which had a "small" impact on the company's second-quarter volume, its CEO said......»»
Cars Commerce Q2 net income drops 88% after accounting adjustment
Cars Commerce lowered its guidance in part because of the impact from the CDK Global cyberattacks in June......»»
A rare aid success story has brought riches to a hardscrabble corner of the Pacific. Will it last?
There is so much money sloshing around these days in Bougainville, an autonomous region of Papua New Guinea, the stores are running short of goods and some locals are partying until dawn......»»
ACV Auctions says Q2 net loss widened to $17M, revenue rises 29%
ACV Auctions said the number of used vehicles sold by dealers and commercial auto companies on its wholesale marketplace platform grew 22 percent year over year......»»
Openlane"s vehicle volume up 7%, revenue rises 4% in Q2
The CDK outage in June disrupted operations for some of Openlane's clients, which had a "small" impact on the company's second-quarter volume, its CEO said......»»
Google antitrust verdict leaves Apple with “inconvenient alternatives”
A reliable source of billions of dollars in income is at risk for the iPhone maker. Enlarge (credit: Benj Edwards) The landmark antitrust ruling against Google on Monday is shaking up one of the longest-standing partners.....»»