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......»»
Some subreddits could be paywalled, hints Reddit CEO
Reddit CEO Steve Huffman has hinted that in future some subreddits could be paywalled, as the company seeks to devise new sources of income. Huffman raised the prospect during an earnings call in which he said Reddit would also be testing AI-power.....»»
Rivian Q2 net loss widens to $1.46 billion despite sales gains, cost cutting
Rivian said it ended the second quarter with $5.8 billion in cash and cash equivalents compared with $7.9 billion at the end of the 2023 calendar year. Revenue in the latest quarter was $1.16 billion, a 3.3 percent increase......»»
Adient net income plummets 69% in fiscal Q3 amid delayed launches, Europe troubles
Despite challenges in Europe, the global seating supplier sees promising growth opportunities with Chinese automakers......»»
TrueCar"s Q2 net losses decrease thanks to higher dealer franchise revenue
The CDK cyberattacks caused some impact, but the vehicle listings company reduced losses, grew revenue and formally launched its enhanced TrueCar+ pilot......»»
NASA likely to significantly delay the launch of Crew 9 due to Starliner issues
The primary reason for the delay is rather surprising. Enlarge / Boeing's Starliner spacecraft is lifted to be placed atop an Atlas V rocket for its first crewed launch. (credit: United Launch Alliance) NASA is planning.....»»
Nissan Frontier dials up utility with midcycle update
The 2025 Nissan Frontier arrives in stores in early September. Pricing was not disclosed......»»
Sonic Automotive Q2 net income jumps despite CDK outage
Sonic Automotive's net income nearly doubled in the second quarter despite an outage related to the CDK cyberattacks......»»
Apple reports record Q3 2024 earnings with $85.78 billion in revenue
Apple has revealed its full earnings report for the fiscal third quarter of 2024. The company reported $85.78 billion in revenue during the three-month period, covering April, May, and June. Net profit for the quarter came in at $21.45 billion, and e.....»»
Tim Cook says Apple is spending more to get Apple Intelligence ready for launch this fall
Apple on Thursday announced the results of its third fiscal quarter of 2024, with $85.78 billion in revenue from April to June. The company’s sales grew by 5%, and it seems that its executives have high expectations for the future. That’s because.....»»
Lithia increases stake in Pinewood DMS company to more than 25%
Lithia Motors Inc. now owns more than a quarter of the U.K. dealership management system provider Pinewood Technologies following purchases of nearly 5 million shares in the months since its initial minority investment......»»
Penske Automotive rebrands UK CarShop business, sells 3 stores
Penske Automotive Group Inc.'s CarShop stores in the United Kingdom now use the Sytner Select name......»»
AWS revenue growth soars once again as Amazon CEO calls for more AI
Amazon CEO Andy Jassy looks to up AWS capacity for AI even further......»»
CDK outage fuels 86% drop in Asbury Q2 net income
Lost business and one-time costs related to the CDK Global outage contributed to an 86 percent drop in Asbury's net income, though the retailer managed to post record revenue of $4.2 billion......»»
Lithia dealership sued after fatal Challenger test-drive crash
The daughters of a Texas motorist killed after her car was struck by a Lithia dealership's Dodge Challenger allegedly traveling at least 100 mph during a test drive have sued the store as well as the driver and salesman allegedly inside the muscle ca.....»»
The worrying future of RAM and SSD pricing
There's a growing demand for DRAM and NAND Flash, and this means massive increases in revenue. It could also have a huge impact on pricing......»»
Aptiv Q2 net income soars
Aptiv also announced the start of a $5 billion share repurchase program......»»
Mobileye slashes annual forecasts on uncertain demand; shares fall
Mobileye Global cut its annual revenue and profit forecasts on Thursday, slammed by volatile demand for its driver-assistance chips in China, even as it recovered from a sales slump brought on by a global auto inventory glut......»»
Lithia Motors promotes Adam Chamberlain to COO, Chris Holzshu still EVP
Lithia Motors promoted Chief Customer Officer Adam Chamberlain to COO and returned COO Chris Holzshu to solely an executive vice president role, the company said Aug. 1......»»
Disparity dynamics: Geographic impact of social transfer programs on income inequality
Social transfer programs have significant geographic differences in spending that help to reduce income gaps between rich and poor regions of the United States, according to new University of Michigan research......»»
Economic prospects brighten for children of low-income Black Americans, study finds
Economic prospects have improved in recent years for Black Americans born poor, according to new research from Opportunity Insights. At the same time, earnings have fallen for white Americans from low-income families......»»