Magna Q4 earnings plummet
The quarterly and annual earnings drops for Magna, the world's fourth-largest supplier by annual sales to automakers, reflect the broader financial struggles parts suppliers have faced during the last year......»»
GM, Magna-backed automotive software marketplace SDVerse opens
SDVerse, open to automakers, suppliers and relevant tech companies, is a marketplace designed to connect developers of automotive software with potential customers......»»
Study finds strong link between childhood opportunities and educational attainment, earnings as a young adult
The number of educational opportunities that children accrue at home, in early education and care, at school, in afterschool programs, and in their communities as they grow up are strongly linked to their educational attainment and earnings in early.....»»
AI use: 3 essential questions every CISO must ask
In July, Wall Street experienced its worst day since 2022, with the tech-focused Nasdaq falling by 3.6%. The downturn was largely triggered by what commentators suggest is the result of underwhelming earnings from some major tech companies. What’s.....»»
Headlamp tech that doesn’t blind oncoming drivers—where is it?
The US is a bit of a backwater for automotive lighting technology. Enlarge / No one likes being dazzled by an oncoming car at night. (credit: Getty Images) Magna provided flights from Washington, DC, to Detroit and a.....»»
As Tesla’s European sales plummet 36% in August, automakers warn EV market now on ‘continual downward trajectory’
As Tesla’s European sales plummet 36% in August, automakers warn EV market now on ‘continual downward trajectory’.....»»
Magna says AI-boosted thermal sensing is more effective, cuts back on false automatic emergency braking activations
Magna is pitching automakers on a new thermal sensing product that processes information with the assistance of artificial intelligence, which it says improves effectiveness and reduces the number of unexpected automatic emergency braking activations.....»»
Daily 5 report for Sept. 10: Magna pumps the brakes on a North American plant
With EV sales growth slowing, Magna says getting an automaker to commit long term is difficult......»»
Magna CEO says North American contract assembly plant unlikely amid heightened uncertainty
Magna is pumping the brakes on a potential North American vehicle assembly plant as the supplier signals a more cautious approach to its contract manufacturing business......»»
Lithia"s captive finance company Driveway Finance turned a Q2 profit
Lithia Motors Q2 2024 earnings: After just a few years of operation, Lithia's relaunched captive finance car loan company Driveway Finance Corp. turned a profit during the second quarter and was on track to stay that way......»»
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.....»»
Stellantis shareholders sue automaker in U.S. after disappointing earnings
The complaint said Stellantis artificially inflated its stock price for much of 2024 by making "overwhelmingly positive" assessments about inventories, pricing power, new products and operating margin......»»
CDK cyberattacks dampen public dealership groups" Q2 numbers
The June 19 CDK cyberattacks significantly dampened earnings or created noteworthy short-term financial setbacks for five of the six public dealership groups......»»
What"s Next for Super Micro Computer After Stock"s 20% Post-Earnings Plunge?
What"s Next for Super Micro Computer After Stock"s 20% Post-Earnings Plunge?.....»»
Reddit might start putting some subreddits behind paywalls
Following the announcement of the company’s Q2 results on Tuesday afternoon, Reddit CEO Steve Huffman spoke to shareholders and answered questions in an earnings call. … The post Reddit might start putting some subreddits behind paywalls.....»»
iPad Pro updates ignite consumer interest, giving a giant boost to sales
Customers are opting for the high-end iPad Pro models, driving an increase in sales and renewed interest in Apple's tablet line.iPad Pro refresh helped Apple beat earnings expectationsIn May 2024, Apple launched new iPad Pro and iPad Air models, feat.....»»
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.....»»
Asbury Automotive sells Colorado, Georgia Nissan car dealerships
Asbury Automotive Group Inc. sold one Colorado dealership and one Georgia store during the second quarter, the dealership group said in its earnings report Aug. 2. The locations have been renamed Alpine Nissan of Denver and Nissan of Cumming......»»
EV delays, changing plans dim suppliers" financial outlooks
Suppliers said automakers' rapidly shifting electrification plans will weigh on their future earnings as they make fewer parts for electric vehicles than they were banking on......»»
Rivian to report Q2 earnings after cutting costs, reaching $5 billion deal with Volkswagen
Rivian's second-quarter sales rose 9 percent to 13,790 despite a factory retooling in April to cut costs and freshen the R1T pickup and R1S crossover for the 2025 model year......»»
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.....»»