Subaru lifts profit outlook as sales, earnings surge
Subaru profits surge in the latest quarter as U.S. sales climb, helping fill the Japanese automaker’s coffers for investment in electrification and other next-generation technologies......»»
Genesis" Claudia Marquez: We"re "becoming completely independent" from Hyundai in U.S.
The premium spinoff is becoming more independent from its mainstream counterpart with stronger brand awareness, new products and strong sales......»»
Top 5 stories of the week: GM, Ford and Tesla earnings; lowest-cost EVs
A quick look at the week's top automotive stories.....»»
Following a great launch quarter, China iPhone sales are pretty bad so far in 2024
After the second-best iPhone launch quarter Apple has ever had in China, new sales estimates claim that Apple also had the biggest quarterly drop it has ever had.iPhone 15 ProFigures from Counterpoint Research have already claimed that Apple's iPhone.....»»
5 defining moments from Tesla"s Q1 earnings
Industry analysts expected bad news from Tesla's first-quarter earnings report after weak sales. But CEO Elon Musk provided an upbeat narrative by announcing new affordable models for next year......»»
Quality woes hurt Ford earnings as GM outlook improves
Ford CEO Jim Farley said the company avoided about 12 recalls on its flagship F-150 by performing extra quality checks, but one Wall Street firm estimates the delay cost $3 billion in revenue......»»
What AI can tell organizations about their M&A risk
Following the past few years of economic turbulence, merger and acquisition (M&A) activity is on the rise in 2024, with several acquisition deals being announced in the first few months of the year valued at billions of dollars. With the surge of AI.....»»
Asbury Q1 net income slips 19%; $4.2 billion in revenue sets record
Asbury Automotive Group produced $147.1 million in net income during the first quarter, down 19 percent from a year earlier as falling profit margins offset rising vehicle sales and revenue......»»
Hyundai doubles down on hybrids after Q1 profit slips 2.4%
After posting a 2.4 percent drop in quarterly profit, Hyundai said it will continue to expand its electrified model lineups globally by introducing more hybrids and new Ioniq models......»»
Lithia Q1 net income down 28% as "normalization" returns to profit per vehicle
Lithia Motors said it sold 188,119 new and used vehicles, with gross profit per vehicle dropping 22% to $4,346 in the first quarter......»»
Group 1 net income falls nearly 7% in Q1 as company ramps up acquisitions
Group 1's net income fell, while revenue and new- and used-vehicle sales grew......»»
Spring iPhone sales slip to lowest activation share in years
The iPhone's slice of the smartphone activation pie has shrunk to its smallest size in six years, marking a concerning trend for Apple as it grapples with the longest gap yet between its iPhone releases.iPhone sales slip to lowest activation share in.....»»
Elite: Dangerous’s real-money ship sales spark “pay-to-win” outrage
In 2019, dev promised purchases would "only be used to buy cosmetic Game Extras." Enlarge / Players will be able to throw down a few bucks to get the Python Mk 2 starting next month. (credit: Frontier Developments) Elite.....»»
Group 1 net income falls nearly 7% in Q1 as it ramps up acquisitions
Group 1's net income fell, while revenue and new- and used-vehicle sales grew......»»
Group 1 net income falls nearly 7 percent in Q1
Group 1's net income fell, while revenue and new- and used-vehicle sales grew......»»
Tesla profits drop 55% as Elon Musk dodges cheap car questions
Tesla spent $1 billion on GPUs even as its profit margins shrank by half. Enlarge / Tesla shares rose by almost 11 percent in premarket trading despite the disastrous financial results. (credit: CFOTO/Future Publishing via Getty.....»»
Lithia Q1 net income down 28% as margins slip
Lithia Motors said it sold 188,119 new and used vehicles with a gross profit of $4,346 in the first quarter......»»
Deals: save up to $450 on Microsoft 365, Office, Adobe Creative Cloud & more
This week's top software sales offer discounts of up to $450 off standalone licenses and subscriptions for popular tools, including Microsoft 365, Office, Adobe Creative Cloud and more.Save up to $450 on software this week. Continue Reading on AppleI.....»»
2025 Subaru Legacy to mark end of brand"s midsize sedan
The midsize Legacy will be dropped after the 2025 model year, as U.S. consumers continue to shift away from sedans, making room for Subaru to build future EVs......»»
Veoneer names longtime Forvia executive Nik Endrud CEO following sale
Veoneer appointed longtime Forvia executive Nik Endrud as its CEO, less than two months after being acquired by a New York private equity firm and after two other major sales of its business units......»»
Plant-Based Meat Boomed. Here Comes the Bust
Sales of vegan meat are trending downward in the US, with companies scrambling to win back customers......»»