Used-vehicle retailers shifted Q1 goals to profit over volume
Retailers grappled in their latest quarters with many factors impacting used-vehicle businesses: tighter availability of late-model used-vehicle inventory, heavier acquisition activity at wholesale auctions by rental car companies and increased consu.....»»
Used-vehicle wholesale prices down in April, Cox Automotive says
Customers appear to be holding out for more affordable used-vehicle prices and hoping for lower interest rates, Cox Automotive says......»»
At a crossroads to the future of computing: choosing between Apple Vision Pro and iPad Pro
Spatial computing represents Apple's long-term goals while iPad Pro lives in the post-PC present, but choosing one over the other may not be easy for those seeking to live on the cutting edge.iPad Pro versus Apple Vision ProAfter iPad was introduced.....»»
Despite Nissan"s missed targets, CEO Makoto Uchida gives himself a B, shifts to volume mode
CEO Makoto Uchida says Nissan has strengthened its business significantly over the course of his first midterm business plan but still must "work harder" to boost global volume. Here's a score card......»»
Nissan has a new plan to spur sales — and it wants retailers to fund it
With a nearly triple-digit days' supply, Nissan is allowing dealers to advertise 2024 model year vehicles below invoice......»»
Affordability to affect new-vehicle purchases, study says
An Urban Science and Harris Poll study found 55 percent of consumers said they're likely to change their vehicle purchase or lease plans due to economic concerns in the near future, lower than dealers' expectations......»»
Hyundai Motor plans to add hybrids to U.S. plant within current investment
Hyundai Motor Co. plans to use the investment it has already lined up for the United States to produce hybrid vehicles at its electric vehicle plant there......»»
Deals: Apple Watch Series 9 models $100 off today, plus AirTags, AirPods, and more
While pre-orders are now live at major online retailers for Apple’s new M4 iPad Pro, iPad Air, and Apple Pencil Pro, the deals are still rolling elsewhere this afternoon. Firstly, we are tracking straight up $100 price drops on Midnight, Silver, an.....»»
Apple profits surge as consumers choose pricier iPhone storage options
Amidst plateauing iPhone sales, Apple's enhanced storage upgrade options have emerged as a significant profit driver.Apple profits surge as consumers choose pricier iPhone storage optionsApple has long leveraged the strategy of encouraging iPhone use.....»»
CEO Koji Sato reloads for long-term growth after leading Toyota to record profit, sales, production
Toyota reports across-the-board record results in its just-ended fiscal-year, but it warns earnings will retreat in the current year......»»
Daimler Truck unveils its first autonomous, battery electric eCascadia
Daimler Truck North America executives showcased the company's new autonomous and battery-electric demonstration vehicle Wednesday, ahead of the ACT Expo later this month......»»
Toyota CEO Sato leads automaker to record profit, sales, production
Toyota reported record quarterly sales and record profits, but warned earnings will retreat in the current year as it takes a break from hectic expansion and invests in next-generation EVs, software and AI......»»
GM tries to lure Tesla’s jilted interns during mass downsizing
General Motors Co. hopes to take advantage of Tesla Inc.’s downsizing, with a company recruiter reaching out to former interns who were sent packing by the electric-vehicle maker......»»
Nintendo vs. Garry’s Mod: Dissecting the ‘Fake’ Domain Behind All the Chaos
Facepunch Studios has confirmed that years of Nintendo-related uploads are being deleted from Steam Workshop in response to takedown notices linked to Garry's Mod. What began as rumors of a Nintendo DMCA takedown campaign, suddenly shifted towards a.....»»
Apple in talks with Rivian, likely over Apple Car revival
Apple is said to be investigating a partnership with a US electric vehicle firm, believed to be Rivian, in a move that could mean reviving the Apple Car.Rivian R1TThe whole Apple Car project was reportedly scrapped in February 2024, with its team red.....»»
F&I gross profit per vehicle down for 5 of 6 public groups in Q1
The retailers pointed to high interest rates again as a major contributor to the declines......»»
Apple Car may not be completely dead -- Apple is discussing a partnership with Rivian
Apple is said to be investigating a partnership with a US electric vehicle firm, believed to be Rivian, in a move that could mean reviving the Apple Car.Rivian R1TThe whole Apple Car project was reportedly scrapped in February 2024, with its team red.....»»
Penske plans paint factory for special edition Ford Mustangs, Broncos
In addition to low-volume paint operations, the space may also be used for customizing show cars, modifying EV products, addressing quality holds, vehicle retrofit and prototype assembly......»»
Report: Apple mulling potential partnership with Rivian
Earlier this year, Apple canceled its decade-long Project Titan electric car initiative, but a new report from DigiTimes says that Apple’s electric vehicle ambitions might not be over. According to the story, Apple is “assessing the possibility o.....»»
Openlane Q1 earnings: Net income rises 46%; revenue down 1%
Openlane said wholesale used-vehicle sales facilitated through its online marketplace rose 13 percent in the first quarter......»»
Tesla lays off more staff in software, service teams
Electric-vehicle maker Tesla has launched another round of layoffs including staff from the software, service and engineering departments, Electrek reported Monday, citing emails and sources familiar with the matter......»»