Kia hit with $842 million tariff loss as Q3 profit sinks nearly 50%
On the Dash:
U.S. tariffs cost Kia $842 million in Q3, driving a 49% decline in profit despite record revenue.
The company expects a similar hit in Q4 but anticipates...
TSLA378.390-8.08%
GM76.8100.7%
F11.880-0.02%
RIVN12.032-0.4281%
CYD23.650-1.84%
HMC34.6300.66%
TM198.5003.64%
CVNA58.835-0.355%
PAG212.1250.075%
LAD287.31518.185%
AN159.4206.41%
GPI242.34017.49%
ABG172.4008.35%
SAH63.1702.49%
TSLA378.390-8.08%
GM76.8100.7%
F11.880-0.02%
RIVN12.032-0.4281%
CYD23.650-1.84%
HMC34.6300.66%
TM198.5003.64%
CVNA58.835-0.355%
PAG212.1250.075%
LAD287.31518.185%
AN159.4206.41%
GPI242.34017.49%
ABG172.4008.35%
SAH63.1702.49%
TSLA378.390-8.08%
GM76.8100.7%
F11.880-0.02%
RIVN12.032-0.4281%
CYD23.650-1.84%
HMC34.6300.66%
TM198.5003.64%
CVNA58.835-0.355%
PAG212.1250.075%
LAD287.31518.185%
AN159.4206.41%
GPI242.34017.49%
ABG172.4008.35%
SAH63.1702.49%
Auto News
Weekly roundup: Fed cuts rates to 3.75%-4%, Toyota sales climb 3% on hybrids, EV sales plunge 60%
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Ford issues multiple recalls, IRS eases auto loan interest, iSeeCars reports luxury cars lead 1-year resale
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Carvana posts $5.8 billion in Q3 revenue as stock tumbles
On the Dash:
Carvana achieved record Q3 sales of 156,000 vehicles and $5.6 billion in revenue, with retail operations now driving profits.
Investor concerns about subprime lending risk triggered an...
Actor Adam Scott teams up with Volvo Cars for cinematic docuseries on Prime Video
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The Fed cuts interest rates, GM cuts EV production amid weak demand, Stellantis posts increase in Q3 revenue
Top Stories
Federal Reserve cuts interest rates to 3.75%-4% amid economic uncertainty. Read More
GM temporarily lays off 5,500 workers amid EV market slowdown. Read More
Stellantis posts Q3 revenue gain but outlook...
Federal Reserve cuts interest rates to 3.75%-4% amid economic uncertainty
On the Dash:
The 0.25-point Fed cut could lower indirect lending rates, making financing slightly more affordable for new and used-vehicle buyers.
Dealer lenders have historically responded quickly to Fed...
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