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......»»
Analysts expect modest growth in today’s AAPL Q3 2024 earnings report
AAPL Q3 2024 earnings will be revealed by the company later today, and Wall Street expects the company to report modest year-on-year sales growth of 2.3%. As is now standard, Apple didn’t offer any official revenue guidance for the quarter, but.....»»
Stellantis says it will keep Maserati despite the brand"s heavy losses
Stellantis said it has an 'unwavering commitment' to Maserati despite a warning from the group's CEO Carlos Tavares that if the company's brands "don't make money, we'll shut them down.".....»»
To cut costs and keep vehicle prices down, Stellantis makes buyout offers to US white-collar workers
To cut costs and keep vehicle prices down, Stellantis makes buyout offers to US white-collar workers.....»»
Goodyear hires former Stellantis executives Mamatha Chamarthi, Will Roland
Goodyear CEO Mark Stewart, formerly Stellantis COO for North America, is bringing two former colleagues to senior executive posts at Goodyear. .....»»
Stellantis offers broad voluntary buyout packages to U.S. salaried employees
Stellantis says involuntary job cuts may be necessary if it doesn't meet its objectives through voluntary means......»»
Stellantis sues dealership to avoid spending $180 million to buy back fleet vehicles
Stellantis has taken a North Carolina dealership to court to avoid having to repurchase several thousand unsold fleet vehicles at a cost of about $180 million......»»
What to expect from Apple"s Q3 2024 earnings on August 1
Apple will be releasing its earnings for the third quarter of 2024 on Thursday, August 1. Here's what predicted for Apple's quarter, and how it is expected to compare against previous reporting periods.Apple CEO Tim Cook at Apple ParkApple will be re.....»»
From scandals to slowdown, Toyota"s top 5 challenges in key earnings report
Toyota, after record financial results in the previous fiscal year, faces strong headwinds as it readies this week's key first-quarter earnings report. From safety scandals and production suspensions to wobbly China sales, here are the top 5 issues t.....»»
Research shows gig workers can boost earnings by building social skills
More than 50 million workers in the United States are part of the gig economy, either to supplement their main income or as their full-time job. New research by University of Alabama at Birmingham Collat School of Business professors Paul M. Di Gangi.....»»
Top 5 stories of the week: Toyota engine recall; Stellantis CEO calls out U.S. plants
A quick look at the top automotive stories of the week as determined by reader interest......»»
Detroit 3 financials ‘disappointing" as challenges mount
Second-quarter results for GM, Ford and Stellantis reflect a bumpy road as they juggle costly EV plans while managing profits on gasoline and hybrid models in an uncertain market environment......»»
Toyota to replace 100,000-plus engines in recalled Tundra, Lexus LX
The Japanese automaker will notify customers this month of the fix, which involves uncleaned debris from potentially damaging the engine......»»
Kia Tasman pickup unlikely to be available in the U.S.
The automaker released video of the off-road capable truck simulating testing in California, but its target markets are overseas......»»
Lear says Q2 earnings rise on record sales, lowers outlook amid EV uncertainty
Lear reported record sales and a modest gain in second-quarter net income as the company brings more automation technology in-house and adjusts to rapidly changing EV strategies......»»
Most automakers predict missed EV sales goals, slower transition in Kerrigan survey
The majority of automaker executives who participated in the 2024 Kerrigan OEM Survey said the transition to EVs will be slower than initially projected in the U.S......»»
Stellantis CEO Tavares: U.S. plants building too many vehicles that need rework
Shipments of the Ram 1500 and other vehicles have been slowed by problems that need to be repaired after they come off the assembly line......»»
4 takeaways from Tesla"s Q2 earnings as profit plunges
Automotive gross margin, a key indicator of profitability, fell to just under 15 percent in the second quarter, its lowest level in five years. Tesla's operating margin fell to 6.3 percent from 9.6 percent a year earlier......»»
Stellantis to reduce output, cut prices after earnings plunge on weak U.S. results
Stellantis is counting on lower production, price cuts and new model launches to reverse plunging profits......»»
CEO Makoto Uchida says Nissan U.S. incentive spending nearly erases quarterly profit
Nissan CEO Makoto Uchida says soaring U.S. selling expenses fueled a 99 percent plunge in it’s quarterly operating profit, forcing him to cut the company’s full-year earnings forecast......»»
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......»»