OSAT ASEH to see revenue rebound
ASE Technology Holding (ASEH) is expected to see its revenue rebound substantially in March after reaching a low point in February, as the OSAT continues to offload "wafer bank" inventories it has stored for customers, according to market observers......»»
Lamborghini"s revenue rises 14% as switch to hybrid models nears completion
First-half deliveries increased 4 percent, putting Lamborghini on course to beat last year's record......»»
Gentex Q2 net income falls 21% on lower vehicle production
The mirror supplier said net income and revenue declined after a drop in light-vehicle production......»»
Ford Q2 earnings: Net income falls 4.5%, but revenue rises on strong commercial vehicle sales
Ford attributed a 6.5 percent revenue increase to strong results from its Ford Pro commercial vehicle unit, which earned $2.6 billion and achieved a 15.1 percent margin......»»
Tesla"s Q2 net income falls 45% to $1.5 billion, but revenue comes in slightly higher
Tesla reported revenue of $25.5 billion in the second quarter, compared with $24.9 billion a year earlier. Wall Street analysts on average had estimated revenue at $24.8 billion......»»
GM ups guidance after posting 14% higher profit, record Q2 revenue
GM said it set records for global revenue, North American profit and North American revenue in the second quarter, by strong sales of pickups and SUVs......»»
Fleet customers" data could generate revenue if automakers can learn to share
Offerings meant to sweeten the deal for telematics illustrate just how badly automakers want fleet customers to use their data-generating and tracking features......»»
Ally Q2 net income slips 11%; auto income down 19%
Ally Financial's net income fell 11 percent in the second quarter as the bank set aside more money in case of losses, experienced higher expenses and drew less net revenue from financing......»»
Uber Eats eats into Uber ridesharing
When Uber expanded into food delivery, the move was expected to bring additional revenue to the ridesharing company. It certainly did......»»
Penske Automotive buys Bill Brown Ford, the world"s largest Ford dealership
Penske said it estimates the suburban Detroit dealership, founded in 1941 by the Brown family, will add $550 million in annual revenue. The dealership's name will stay the same. .....»»
Bosch sharpens focus on software revenue stream
The supplier expects the amount of software used in vehicles to triple from 2023 to 2030......»»
Elon Musk calls for “criminal prosecution” of X ad boycott perpetrators
Congress accused advertisers group of colluding to tank X's revenue. Enlarge (credit: Apu Gomes / Stringer | Getty Images News) After the House of Representatives Committee on the Judiciary released a report accusing the.....»»
Interim St. Cloud State president says full rebound is unlikely, announces demolitions
Interim St. Cloud State president says full rebound is unlikely, announces demolitions.....»»
Connected cars are supposed to generate lots of revenue. So far, they have not.
The automotive industry is still sorting out the details as it seeks to reap profits from the data generated and gathered through the car......»»
New discovery boosts bioethanol production efficiency and profits
A new technique to monitor contamination in bioethanol production could increase revenue by more than $1.6 billion USD and reduce CO2 emissions by 2 million tons......»»
Google wants to cut its reliance on Apple for search revenue
Facing a potential court ruling that would force Google to stop paying to be the iPhone's default engine, the company is increasingly trying to lessen its dependence on Apple.Google pays Apple a cut of its revenue for searches made through the Safari.....»»
GM has "solid plan" for plug-in hybrids in 2027
GM CEO Mary Barra said at an investor conference that the automaker also is focusing on making sure vehicle software works consistently and creates additional revenue opportunities......»»
iPhone discounts led to a 52% rebound in Chinese sales
Falling sales led Apple to offer significant official iPhone discounts in China, and a new report today suggests that this tactic is paying off. Official government data indicates that Apple successfully turned around its declining sales in the co.....»»
Struggling Our Next Energy taps consultant to help battery maker raise funds
Electric vehicle battery startup Our Next Energy Inc. hired a Chicago-based financial consultant specializing in distressed businesses in its quest to rebound from a failed Series C fundraising round. The suburban Detroit battery manufacturer rece.....»»
CarGurus reports net income jump, more digital wholesale losses
The vehicle listings company said its marketplace revenue grew by double digits and work to overhaul its wholesale business is continuing......»»
ACV reports Q1 net loss of $20M; revenue up 22%
ACV also said the number of used vehicles transacted by dealers and commercial auto companies on its wholesale marketplace platform grew 15 percent year over year......»»