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......»»
5 risks to watch as Nissan readies key earnings update
Nissan embarks on a new midterm business plan focused on growth. Here are the top risks to watch as CEO Makoto Uchida unveils the first quarterly earnings of the new era......»»
Top five risks to watch as Nissan readies key earnings update
Nissan embarks on a new midterm business plan focused on growth. Here are the top risks to watch as CEO Makoto Uchida unveils the first quarterly earnings of the new era......»»
Mitsubishi pivots to North America as new profit engine as earnings dip
TOKYO — Mitsubishi, one of the smallest mass-market brands in the U.S., is getting bullish about North America with plans to enhance the local lineup with vehicle updates annually through 2030. The Japanese carmaker will introduce these new or u.....»»
Tesla to report Q2 earnings amid falling sales, hopes for a robotaxi future
To counteract falling sales in major markets including the U.S., Tesla has offered a series of price cuts and incentives, including subsidized financing and lease deals that could dig into second-quarter profits, analysts said......»»
New Ally CEO Michael Rhodes says he"ll play to bank"s auto strength
Ally Financial's new CEO Michael Rhodes said during the second-quarter earnings call July 17 that he would continue to prioritize Ally strengths such as its auto business rather than "emerging opportunities.".....»»
iPhone 16 may not see super cycle after all, according to analyst report
Earnings calls from key iPhone suppliers suggest iPhone 16 isn't being ordered in any greater quantity than iPhone 15, bringing the rumored Apple Intelligence spurred super cycle into question.iPhone 16 Analysts have been connecting the dots since WW.....»»
AutoNation, Sonic likely to be hardest hit on Q2 earnings by CDK cyberattack
Both the second- and sixth-largest dealership groups in the U.S. use CDK's dealer management system at all stores......»»
AutoNation, Sonic likely to be hardest hit on Q2 earnings by CDK cyberattacks
Both the second- and sixth-largest dealership groups in the U.S. use CDK's dealer management system at all stores......»»
Q2 earnings: CDK Global shutdown will hit all 6 public auto retailers, analysts predict
Both the second- and sixth-largest dealership groups in the U.S. use CDK's dealer management system at all stores......»»
Magna"s reconfigurable seats on a swivel unlock EV interior design
Seats developed by Magna can be adjusted to move forward or backward in a more versatile way than standard seats and are able to swivel 180 degrees......»»
AutoNation: CDK cyberattack will reduce Q2 2024 earnings by $1.50 per share
AutoNation said this impact would be split about evenly between lost income and guaranteeing commissioned employees' pay......»»
US Vision Pro sales likely to fall 75% this quarter – IDC
Market intelligence company IDC has been monitoring US Vision Pro sales, and says the current data indicates they will plummet by 75% this quarter. The firm believes the device won’t achieve 500k sales in its first year, and that only the launch.....»»
Apple sets Q3 2024 earnings release and live stream for August 1
Apple has scheduled its fiscal third quarter earnings release for Thursday, August 1. Apple’s Q3 2024 earnings will cover the months of April, May, and June, covering the launch of the new M3 MacBook Air and the new iPad Pro. more….....»»
Sonic cautions Q2 earnings will see hit from CDK cyberattacks
The June 19 cyberattacks led CDK to shut down its dealership management system and related software for more than 15,000 customers......»»
What to expect from Apple"s third quarter 2024 earnings on August 1
Apple will be reporting its third-quarter earnings of 2024 on August 1. Here's what happened in the quarter, and what to expect.Apple CEO Tim CookApple has confirmed it will be holding its regular quarterly financial results release on August 1. It w.....»»
Magna Steyr in talks with Chinese to add Europe output
The contract manufacturer has been contacted by Chinese automakers that “want and need to localize,” Magna Steyr President Roland Prettner said......»»
Magna Steyr, despite Fisker woes, remains bullish on EVs
Magna Steyr remains bullish on electrification, despite slowing consumer demand for electric vehicles and regardless of Fisker’s decision to cease production at the contract manufacturer’s facility in Austria......»»
Swedish EV maker Polestar confirms delay in Q1 earnings report
Swedish EV maker Polestar confirms it is delaying its Q1 earnings report. The company first needs to file its annual report for the year ended December 2023......»»
Linamar"s Q1 earnings an "excellent" start, but CEO warns of delays to EV programs
Canadian auto supplier Linamar recorded double-digit growth on both its top and bottom lines in the first quarter of 2024 as volumes bounced back from a slow comparable period a year earlier......»»
Top 5 stories of the week: Earnings from Rivian, Toyota and Nissan; GM"s fleet strategy
A quick look at the top automotive stories of the week as determined by reader interest......»»