Mobileye slashes annual forecasts on uncertain demand; shares fall

1August 2024

Mobileye slashes annual forecasts on uncertain demand; shares fall

Mobileye Global cut its annual revenue and profit forecasts on Thursday, slammed by volatile demand...

1August 2024

Lithia Motors promotes Adam Chamberlain to COO, Chris Holzshu still EVP

Lithia Motors promoted Chief Customer Officer Adam Chamberlain to COO and returned COO Chris Holzshu...

1August 2024

Dealerships warned about phishing scams tied to global cyber event

Two cybersecurity consulting firms are warning dealerships about scams relating to CrowdStrike’s catastrophic software update...

1August 2024

VW Group profit falls on restructuring charges, lower deliveries

At VW’s so-called core group, which consists of the VW, Skoda and Seat brands, profitability...

1August 2024

Credit Acceptance posts Q2 net loss of $47.1 million as auto lender revamps cash flow forecasting

The average Credit Acceptance second-quarter auto loan financed $26,816 in principal and interest, paid the...

1August 2024

Russia releases former BorgWarner exec Paul Whelan and Wall Street Journal reporter in prisoner swap, report says

Whelan, a former Marine and BorgWarner manager, was arrested in Moscow in December 2018. He...

1August 2024

Lithia net income down 28% in Q2 despite record revenue of $9.2B

Lithia Motors Inc. Q2 2024 earnings: Net income fell 28 percent during the second quarter...

1August 2024

Ferrari raises guidance as limited-edition models boost demand

Ferrari’s second-quarter profit rose 14 percent on more expensive models and increased demand for personal...

1August 2024

New Japanese EV alliance emerges between Nissan, Honda, Mitsubishi

Nissan and Honda will research a joint software operating system for autos over the next...

1August 2024

Why Ford is expanding Maverick pickup line with Lobo street truck

Maverick Lobo is the latest example of Ford creating subbrands for popular nameplates that include...

1August 2024

Hyundai gains 4%, Kia slips 10% in July; overall market expected to rise

The U.S. light-vehicle market rose 1 to 3 percent in July, analysts said, as many...

1August 2024

New Japanese EV alliance emerges between Nissan, Honda, Mitsubishi

Nissan and Honda are a step closer to forming a new Japanese alliance with Mitsubishi...

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