Pegatron expects seasonality to drag down 1Q21 revenue
Pegatron expects a seasonal slowdown in end-market demand to drag down its revenues during the first quarter of 2021......»»
Lawmakers ask FTC to investigate the sale of driver data, alleging ‘flagrant abuse" of privacy
Automakers, which have made lofty revenue projections about the riches to be found in the sale of connected vehicle data, have largely sought to ignore the fact that consumers do not want their data to be sold......»»
AutoNation net income, revenue harmed by CDK cyberattacks
AutoNation Inc. reported a massive drop in net income due in part to lost revenue and hits to vehicle sales stemming from the June 19 CDK Global cyberattacks.....»»
Penske Automotive Q2 net income falls 20% on higher interest costs
Penske Automotive Group net income dropped in the second quarter, though the auto retailer posted record second-quarter revenue of $7.7 billion......»»
AMD raises forecast for AI chip revenue and sees supplies remaining tight
AMD raises forecast for AI chip revenue and sees supplies remaining tight.....»»
AI search engine accused of plagiarism announces publisher revenue-sharing plan
Perplexity says WordPress.com, TIME, Der Spiegel, and Fortune have already signed up. Enlarge (credit: Moor Studio via Getty Images) On Tuesday, AI-powered search engine Perplexity unveiled a new revenue-sharing program.....»»
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......»»
U.S. to issue proposed rules limiting Chinese vehicle software in August
The U.S. Commerce Department plans to issue proposed rules on connected vehicles next month and expects to impose limits on some software made in China and other countries deemed adversaries, a senior official said Tuesday. "We're looking at a f.....»»
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......»»
Why American Honda expects to grow faster in the U.S. than the industry this year
The Japanese automaker expects U.S. growth on returning brand loyalists and consumers sidelined during the pandemic......»»
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. .....»»
Elon Musk signals delays to robotaxi unveiling for key design change
Musk had said in 2022 Tesla expects to mass-produce a robotaxi with no steering wheel or pedal by 2024, after missing his targets for self-driving vehicles multiple times......»»
Coastal dealers talk insurance costs, hurricane preparation know-how
NOAA expects a more active Atlantic hurricane season. Dealers, already wary of higher insurance cost,s are monitoring it......»»
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.....»»