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......»»
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......»»
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.....»»
Stellantis to road test EV fleet with solid-state batteries
Stellantis NV plans to operate a test fleet of electric vehicles powered with solid-state batteries in two years’ time, taking a step toward potential commercialization of a technology that’s aimed at improving EV performance. The automaker wi.....»»
Cracked skull, fractured bones show dangers at Rivian"s factory
Rivian has only one plant, yet has racked up more U.S. safety violations initially deemed “serious” than any other automaker since the start of last year. .....»»
2025 Toyota GR Corolla gets an optional $2,000 automatic transmission
Toyota added an optional eight-speed automatic to its GR Corolla hot hatch for 2025, though the automaker expects that just 22 percent of consumers will choose the $2,000 option......»»
VW China marketing chief Jochen Sengpiehl deported after drug test, reports say
Veteran marketing executive Jochen Sengpiehl's future at VW is uncertain. The automaker has launched an internal investigation after he was deported to Germany from China......»»
VW China marketing chief Jochen Sengpiehl deported after drug test
Veteran marketing executive Jochen Sengpiehl's future at VW is uncertain. The automaker has launched an internal investigation after he was deported to Germany from China......»»
VW China marketing chief Jochen Sengpiehl deported after drugs test
Veteran marketing executive Jochen Sengpiehl's future at VW is uncertain. The automaker has launched an internal investigation after he was deported to Germany from China......»»
Meta Quest 3S is a disappointing half-step to Carmack’s low-cost VR vision
Significant visual and comfort compromises make last year's Quest 3 a better VR investment. It's been just over two years now since soon-to-depart CTO John Carmack told a Meta Con.....»»
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......»»
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......»»
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......»»
As Fiat stalls as part of Stellantis, Italy"s Turin struggles to stave off decline
Turin's Mirafiori plant — once the symbol of Fiat's might, employing about 60,000 — has shriveled to a shadow of its former self under Stellantis ownership......»»
Daily 5 report for Oct. 18: Bosch and Rivian"s court fight isn"t the typical supplier vs. automaker dispute
These kinds of disputes happen often in the supply chain, but rarely lead to litigation because neither side is angry enough to air its dirty laundry in public......»»
Stellantis lays off 1,100 at Michigan plant, will close Arizona proving grounds
Stellantis warned in August that as many as 2,450 workers at the Warren Truck plant would be laid off, but the actual number is less than half as many......»»
Top 5 stories of the week: Stellantis walks back work-from-home push; GM eyes virtual vehicle development
A quick look at the top automotive stories of the week as determined by reader interest......»»
Netflix Shares Surge 10% After Q3 Earnings Beat Expectations, Subscriber Growth Continues
Netflix Shares Surge 10% After Q3 Earnings Beat Expectations, Subscriber Growth Continues.....»»
iPhone 16 sales in China are surprisingly great, despite Apple Intelligence uncertainty
Ahead of Apple’s quarterly earnings later this month, we’re getting a better picture of how the iPhone 16 line is selling—and it looks very good. The latest evidence is a report on sales in China, where Apple is seeing big launch numbers despit.....»»
Stellantis dealers regain optimism after executive shake-up
Stellantis' dealer council met with new North America COO Antonio Filosa this week after criticizing the company's leadership over stagnant sales and bloated inventory......»»
Ally Q3 earnings: net income up 20% despite weak auto finance quarter
Ally Financial's net income rose by more than 20 percent during the third quarter, supported in part by the tax credits it captured from a new emphasis on writing car leases. But Ally's Q3 2024 earnings were hindered by a more than 50 percent decline.....»»