Stellantis shareholders sue automaker in U.S. after disappointing earnings
The complaint said Stellantis artificially inflated its stock price for much of 2024 by making "overwhelmingly positive" assessments about inventories, pricing power, new products and operating margin......»»
Tim Fallon becomes Stellantis" North America manufacturing chief after 2 years at Rivian
Fallon will bring EV manufacturing expertise to Stellantis at a time when the automaker is preparing to launch several electric vehicles......»»
UAW president uses DNC speech to threaten Stellantis, praise Harris
The union leader wore a shirt calling former President Donald Trump a scab and said workers will take action against Stellantis if it doesn't follow through on promises it made in last year's labor agreement......»»
UAW threatens to strike Stellantis if it backtracks on reopening Ill. plant
The union says at least seven locals are prepared to file grievances against Stellantis if the automaker reneges on commitments it made in its 2023 labor agreement......»»
Stellantis idles Michigan engine plant for a week
The Trenton Engine Complex, which makes V-6 engines for the Jeep Wrangler and Ram 1500 Classic, is shutting down for a week to balance supply with demand, Stellantis said......»»
Video dominates mobile app revenue; TikTok coins reward live streamers
Video dominates mobile app revenue, according to a new report. Of the total $3.8B smartphone owners spent on entertainment apps last quarter, three billion of it was spent on streaming and short video apps. The most dramatic growth in earnings was.....»»
Stellantis shareholders sue automaker in U.S. after disappointing earnings
The complaint said Stellantis artificially inflated its stock price for much of 2024 by making "overwhelmingly positive" assessments about inventories, pricing power, new products and operating margin......»»
Lawsuit accuses Stellantis, Maserati of blocking sale of N.Y. dealerships
Dualed Alfa Romeo and Maserati dealerships in Great Neck, N.Y., have sued Stellantis and Maserati North America for denying an application to transfer the franchises......»»
How McLaren aims to match Ferrari, Lamborghini on profitability
CEO Michael Leiters, who joined the British automaker from Ferrari in 2022, says focusing on value over volume will help turn around McLaren, as will adding a partner to help reduce costs for platforms and new tech......»»
Stellantis laying off up to 2,450 workers at Mich. truck plant
The end of Ram 1500 Classic production at Stellantis' Warren Truck Assembly Plant near Detroit will result in layoffs starting as soon as Oct. 8......»»
At 100, Ford"s Chicago plant has withstood recessions and a pandemic. Can it survive what"s next?
Despite the automaker's on-again, off-again plans for EV development, major changes are coming to the way Americans drive. And that shift raises high-stakes questions for one the key manufacturing assets in Illinois......»»
Stellantis to help fund Archer Aviation"s air-taxi production costs
Stellantis CEO Carlos Tavares has said that the idea of inexpensive air taxis fit with the automaker's goal of "finding innovative solutions for accessible mobility.".....»»
CDK cyberattacks dampen public dealership groups" Q2 numbers
The June 19 CDK cyberattacks significantly dampened earnings or created noteworthy short-term financial setbacks for five of the six public dealership groups......»»
What"s Next for Super Micro Computer After Stock"s 20% Post-Earnings Plunge?
What"s Next for Super Micro Computer After Stock"s 20% Post-Earnings Plunge?.....»»
Intel shareholders sue chipmaker after job, dividend cuts cause stock plunge
Intel shareholders sue chipmaker after job, dividend cuts cause stock plunge.....»»
Reddit might start putting some subreddits behind paywalls
Following the announcement of the company’s Q2 results on Tuesday afternoon, Reddit CEO Steve Huffman spoke to shareholders and answered questions in an earnings call. … The post Reddit might start putting some subreddits behind paywalls.....»»
iPad Pro updates ignite consumer interest, giving a giant boost to sales
Customers are opting for the high-end iPad Pro models, driving an increase in sales and renewed interest in Apple's tablet line.iPad Pro refresh helped Apple beat earnings expectationsIn May 2024, Apple launched new iPad Pro and iPad Air models, feat.....»»
GM invests in agile manufacturing strategy, building EVs alongside gas vehicles
The automaker has set up a flexible manufacturing strategy, with dedicated plants that build gasoline vehicles and EVs as well as plants that build both......»»
Some subreddits could be paywalled, hints Reddit CEO
Reddit CEO Steve Huffman has hinted that in future some subreddits could be paywalled, as the company seeks to devise new sources of income. Huffman raised the prospect during an earnings call in which he said Reddit would also be testing AI-power.....»»
Asbury Automotive sells Colorado, Georgia Nissan car dealerships
Asbury Automotive Group Inc. sold one Colorado dealership and one Georgia store during the second quarter, the dealership group said in its earnings report Aug. 2. The locations have been renamed Alpine Nissan of Denver and Nissan of Cumming......»»
House of the Dragon forgot what made Game of Thrones’ season 2 so great
House of the Dragon just wrapped its disappointing second season, and it's clear it forgot what made Game of Thrones' second season so great......»»