SK Hynix sees revenue and profit decrease in 3Q22
Memory chipmaker SK Hynix has reported sequential declines in revenue and operating profits for the third quarter of 20% and 61%, respectively......»»
VinFast Q2 loss widens on impairment charge, higher overseas outlays
Revenue jumped 33 percent quarter-on-quarter to $357 million but the deeper loss underscores the risks of VinFast's aggressive expansion strategy ......»»
Landmark AI deal sees Hollywood giant Lionsgate provide library for AI training
Runway deal will create a Lionsgate AI video generator, but not everyone is happy. Enlarge (credit: Benj Edwards / Malte Mueller via Getty Images) On Wednesday, AI video synthesis firm Runway and entertainment company Li.....»»
"Fight is coming": UAW, VW brace for start of bargaining
Profit sharing, COLA, retirement security, affordable health care and the elimination of tiers appear to be the UAW's focus points for bargaining with VW......»»
"Fight is coming:" UAW, VW brace for start of bargaining
Profit sharing, COLA, retirement security, affordable health care and the elimination of tiers appear to be the UAW's focus points for bargaining with VW......»»
Ford Pro CEO Ted Cannis to retire
Cannis has the commercial vehicle unit Ford created in 2021 on pace for $70 billion in revenue this year. Ford Blue CEO Andrew Frick will take over on an interim basis......»»
Lithia Motors enters north Florida, buys 3 dealerships
Lithia expects the stores to add more than $200 million in annual revenue......»»
Neutral news sources could exploit today"s polarized mediascape to boost revenue—why they may choose not to
Even news outlets perceived as politically neutral can benefit from today's polarized media environment......»»
BMW explains why it will sell hydrogen fuel cells in 2028
BMW sees hydrogen as complementary to battery EVs on a region-by-region basis. Enlarge / BMW has had some hydrogen fuel cell-powered iX5s in testing for a while, and for Art Basel 2024 this one got a new look courtesy of Es Devli.....»»
Volvo lowers 2026 profit margin target
Volvo, like other automakers, is seeing slowing demand for EVs due in part to high sticker prices and is also bracing for the effects of extra EU tariffs on EVs made in China......»»
South Korea sees highest average summer temperature on record
South Korea experienced its highest average summertime temperature since such records began half a century ago, nearly two degrees higher than the historic average, the weather agency said Thursday......»»
Scientists uncover hidden source of snow melt: Dark brown carbon
Wildfires leave potent climate heaters behind in their wake, particles that enhance the absorption of sunlight and warm the atmosphere. Dropped on snow like a wool poncho, these aerosols darken and decrease the surface reflectance of snowy places......»»
Study links gentrification to reduced crime, but downsides of gentrification can"t be ignored
Neighborhood gentrification in Buffalo between 2011 and 2019 was associated with a decrease in property crime, independent of a general decrease in similar crime city-wide during those same years, according to a University at Buffalo study......»»
Vinnie Johnson"s Piston Group wins scathing verdict in longtime minority certification fight
The verdict ends a legal feud that’s been stewing since early 2021. At stake was a lucrative minority certification that helped the auto supplier win business from automakers. The fast-growing supplier has topped $3 billion in revenue and employs 1.....»»
Chevrolet sees opportunity in industry"s biggest segment with redesigned Equinox
The compact crossover's fourth generation packs more technology into a truck-like profile, with an entry model that starts below $30,000 with shipping......»»
F&I revenue still possible as leasing returns
As leasing grows across the country, car dealership finance managers might have a harder time hitting the kind of F&I gross profit per vehicle seen during the inventory shortage. But there's still an opportunity for the finance and insurance office,.....»»
iPhone 16 will lead Apple to record high $400 billion revenues in 2024
Apple is now expected to exceed $400 billion in annual revenue in 2024, with this record high driven by all of its hardware such as the iPhone, plus another record high for Services.Renders of the iPhone 16 rangeIt's estimated that when Apple was inc.....»»
AT&T 911 outage sees company fined $950k; yesterday’s outage now fixed
An AT&T 911 outage back in 2023 has seen the company fined almost a million dollars. The Federal Communications Commission (FCC) says that the carrier not only failed to provide adequate backup coverage, but also didn’t let 911 centers know what h.....»»
Public dealerships" F&I gross profits fall in Q2 but most above $2,000 a vehicle
AutoNation, Lithia, Group 1, Sonic and Asbury all had same-store finance and insurance gross profit per vehicle above $2,000 in the second quarter......»»
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......»»
Zoom calls aren"t going anywhere yet - and could soon get even more AI
Pandemic success and staying on trend when it comes to AI has kept Zoom’s revenue heading upward......»»