Vroom trims losses as revenue, volume decline in Q3
The online used-vehicle retailer reported a net loss of $51.1 million for the quarter ended Sept. 30, a period in which it trimmed jobs and slimmed down its logistics network......»»
Scientists use generative AI to answer complex questions in physics
When water freezes, it transitions from a liquid phase to a solid phase, resulting in a drastic change in properties like density and volume. Phase transitions in water are so common most of us probably don't even think about them, but phase transiti.....»»
Volvo"s Q1 EV sales plunge: A momentary blip or a sign its 2030 plan is in jeopardy?
Volvo EV sales in the U.S. plummeted 65 percent in the first quarter. According to Cox Automotive estimates, it was the largest year-over-year percentage decline in the luxury segment......»»
New methodologies to prevent fraud in the determination of geographical origin of hazelnuts
Food fraud concerning the geographical origin of hazelnuts intended for consumption is a problem that damages the agri-food sector and generates economic losses and consumer distrust......»»
Volume 89 Retro Playlist
When I was working on Make: Volume 89 — our retro issue — the topics of chiptune, tracker modules, and video game soundtracks kept coming up. This gave me an idea: what if we put together a playlist to go along with the retro section, filled wit.....»»
Weaker ocean currents lead to decline in nutrients for North Atlantic ocean life during prehistoric climate change
Researchers at Georgia Institute of Technology have finished investigating how the prehistoric weakening of a major ocean current led to a decline in ocean nutrients and negative impacts on North Atlantic ocean life. The results support predictions a.....»»
CarGurus reports net income jump, more digital wholesale losses
The vehicle listings company said its marketplace revenue grew by double digits and work to overhaul its wholesale business is continuing......»»
Study finds consistent decline in nitrogen oxides emissions from human activities in China since 2020
Nitrogen oxides (NOx) form aerosols and ozone in the atmosphere and are significant contributors to air pollution and climate change. China is the largest emitter, yet accurate and timely information on NOx emissions in China has been lacking since 2.....»»
ACV reports Q1 net loss of $20M; revenue up 22%
ACV also said the number of used vehicles transacted by dealers and commercial auto companies on its wholesale marketplace platform grew 15 percent year over year......»»
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......»»
Accounting change drives down Cars Commerce Q1 net income
Cars Commerce's 2023 acquisition of D2C Media helped promote revenue gains, and price increases helped boost average revenue per dealer......»»
Rivian"s Q1 net loss widens to $1.45 billion as revenue nearly doubles to $1.2 billion
Rivian's first-quarter deliveries surged 71 percent to 13,588 while production rose 48 percent to 13,980. Rivian expects to build 57,000 vehicles this year, about the same as last year......»»
Replacing curbside carparking with bike lanes: A "Robin Hood planning" idea
Turning curbside carparks into cycling lanes could improve city accessibility and livability without affecting business revenue, University of Queensland research has found......»»
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......»»
Lucid reports Q1 net loss of $685 million and revenue of $173 million as cash burn continues
Lucid's net loss was an improvement over the $780 million loss in the first quarter of 2023, but the company's stock price sank 7.5 percent in after-hours trading Monday to $2.82 per share......»»
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......»»
Foxconn saw best-ever April revenues partly because of better than expected iPhone demand
Apple's largest iPhone manufacturer has reported almost a fifth higher revenue for April 2024 compared to the same month in 2023, in part because of diversification.Workers in a Foxconn factoryIn March 2024, Foxconn's parent company Hon Hai Precision.....»»
American Axle Q1 revenue, profit climb
American Axle & Manufacturing increased revenue and profit in the first quarter thanks to steadier production from its customers. Net income swung to a $20.5 million gain from a $5.1 million deficit in the same period last year......»»
Magna expects $400 million revenue loss from Fisker production halt
Magna builds the Ocean EV for Fisker. Magna said it is monitoring the situation and "will evaluate opportunities to further mitigate impact on our business.”.....»»
American Axle revenue, profit climb in first quarter
American Axle & Manufacturing Holdings Inc. increased revenue and profit in the first quarter thanks to steadier production from its customers. The automotive supplier saw year-over-year revenue growth of 7 percent to $1.6 billion during the period,.....»»
Carvana set to dig back into used-car market after latest quarter, analysts say
Analysts bullish on Carvana said its Q1 results are a sign it has recovered from a two-year period of losses and cash burn that forced new focus on profitability......»»