Mobileye Q3 losses narrow, forecast improves
The Israel-based company, whose customers include VW and Porsche, expects operating loss for the year to be between $62 million and $79 million, versus its prior loss view of $98 million to $129 million......»»
Tesla posts Q3 net income of $2.2 billion, forecasts sharply higher 2025 deliveries
Tesla said it expects to launch lower-cost models next year. "Plans for new vehicles, including more affordable models, remain on track for start of production in the first half of 2025.".....»»
Renault beats Q3 forecasts as new launches lift sales
Renault beats Q3 forecasts as new launches lift sales.....»»
Lithia saved $50 million more than planned through Q3, sees another $100 million soon
Lithia Motors Inc. by the end of the third quarter reduced expenses by $50 million more than the group's original target for a cost-cutting initiative launched this year, COO Adam Chamberlain said Oct. 23 on the company's Q3 earnings call......»»
Tesla Q3 net income rises 17% to $2.2 billion; total revenue up 8% to $25.2 billion
Tesla said it expects to launch lower-cost models next year. "Plans for new vehicles, including more affordable models, remain on track for start of production in the first half of 2025.".....»»
GM sees China red ink grow in Q3 amid extended sales slump
GM is working to restructure its struggling business in China, where its market share has fallen amid heightened competition, particularly from domestic brands selling low-priced EVs......»»
Tesla makes $2.2 billion in profit during Q3 2024
Tesla's profit margin is looking healthier than it has in a while. After a rocky first half of the year, Tesla enjoyed a much healthier third quarter in 2024. As we learned earlie.....»»
Report: Apple slashes iPhone 16 orders by 10 million units, but Pro sales look strong
Apple is just a week away from reporting its quarterly earnings, and providing a forecast for the holiday quarter. Today we may have received a preview of what to expect, though. Ming-Chi Kuo reports that iPhone 16 orders have been slashed by 10 mill.....»»
Lithia Q3 net income dinged by acquisition costs; quarterly revenue hits record
Lithia Motors Inc.'s net income fell 16 percent during the third quarter as the company bought three Florida dealerships and a remaining minority stake in Pfaff Automotive Partners......»»
BMW U.S. boss bets on another record sales year despite Q3 slump
A recall-related stop-sale in the third quarter flipped BMW brand's 3.1 percent first-half sales increase into a 0.2 percent decline after nine months......»»
Cofense improves visibility of dangerous email-based threats
Cofense released new AI-driven spam reduction capabilities to its Phishing Detection and Response (PDR) platform. These enhancements reduce workload so SOC analysts can concentrate on genuine threats that could quickly harm an organization’s revenu.....»»
Daily 5 report for Oct. 22: GM"s bullish forecast suggests it handled higher UAW labor costs
UAW President Shawn Fain can either tell GM "I told you so," or he can say "I should have asked for more.".....»»
4 great AI tools to help make your life easier
There are plenty of AI tools out there these days. If you’re looking to narrow down that list, here are some great AI tools to check out. The post 4 great AI tools to help make your life easier appeared first on Phandroid. AI is all the.....»»
GM Financial net income down 11% in Q3
General Motors Financial saw net income fall by more than 10 percent year over year in Q3 2024 earnings as the GM captive finance company grew its financing income but spent more on interest......»»
People around the world are using courts to question whether climate policies are fair
Coal workers suing their government over job losses. Indigenous people using the courts to block wind farms or anti-deforestation policies that violate their cultural rights. What these cases have in common is they challenge the fairness of climate p.....»»
Massive biodiversity data collection improves ecosystem predictions
A team at the University of Córdoba verifies that large biodiversity databases, in which citizens record observations of flora, are capable of calibrating joint species distribution models, even when conducted individually, provided that more than 5.....»»
GM raises 2024 guidance as Q3 revenue climbs 11%; net income flat; shares rise
GM said it earned nearly $4 billion in North America as third-quarter revenue in the region jumped 14 percent to a record $41.2 billion. Shares rose 7.7 percent in morning trading. .....»»
Tesla faces questions on robotaxi service, $25,000 model and flat sales in Q3 earnings report
Wall Street analysts expect a drop in Tesla's third-quarter margins after it boosted incentives to juice sales of its aging core vehicles, the Model Y crossover and Model 3 sedan......»»
GM raises 2024 guidance as Q3 revenue climbs 11%; net income flat
GM said it earned nearly $4 billion in North America as third-quarter revenue in the region jumped 14 percent to a record $41.2 billion......»»
Daily 5 report for Oct. 21: Making sense of Q3 earnings reports beyond "beats" and "misses"
Innumerable disclosures figure into analyzing the overall health of a publicly traded company......»»
Forvia posts slightly lower Q3 sales, but wins new business from Chinese automakers
Forvia said it underperformed the local automotive production in China due to “customer mix evolution and start of productions delayed from 2024 to 2025.”.....»»