Group 1 Automotive revenue soars in Q1
Group 1 Automotive, Inc. released its financial results on Wednesday, which showed the international auto retailer posted record numbers for the first quarter. Net income for the quarter reached $202.9...
TSLA393.0300.53%
GM80.8900.35%
F12.9800.11%
RIVN17.3920.472%
CYD43.822-0.348%
HMC25.260-0.1%
TM206.510-8.74%
CVNA411.3859.395%
PAG162.9500.13%
LAD289.3900.63%
AN210.4000.87%
GPI349.500-1.71%
ABG210.280-2.43%
SAH71.660-0.12%
TSLA393.0300.53%
GM80.8900.35%
F12.9800.11%
RIVN17.3920.472%
CYD43.822-0.348%
HMC25.260-0.1%
TM206.510-8.74%
CVNA411.3859.395%
PAG162.9500.13%
LAD289.3900.63%
AN210.4000.87%
GPI349.500-1.71%
ABG210.280-2.43%
SAH71.660-0.12%
TSLA393.0300.53%
GM80.8900.35%
F12.9800.11%
RIVN17.3920.472%
CYD43.822-0.348%
HMC25.260-0.1%
TM206.510-8.74%
CVNA411.3859.395%
PAG162.9500.13%
LAD289.3900.63%
AN210.4000.87%
GPI349.500-1.71%
ABG210.280-2.43%
SAH71.660-0.12%
Automakers
LMC Automotive and J.D. Power predict decline in new car sales throughout April
LMC Automotive and J.D. Power said in a report on Wednesday that they are predicting a drop in new vehicle sales in the U.S. for the month of April. Analysts...
Lotte Chemical, Soelect join forces to expand electric car battery production in U.S.
On Tuesday, South Korea’s Lotte Chemical and North Carolina-based electric vehicle battery maker Soelect announced they had signed a memorandum of understanding indicating a $200 million joint venture to create...
Hertz Partners with Amazon Web Services to boost mobility
In a press release this week, Hertz said it will be partnering with Amazon Web Services (AWS) to “modernize and digitize the Hertz customer experience and key components of its new mobility...
First-quarter Kia sales drop 0.6%, operating profit climbs
On Monday, South Korea-based Kia Corp released its first-quarter results and reported a slight drop in net profit and sales. Net profit ended at approximately $825 million (1.032 trillion won ₩). In...
Hyundai releases Q1 results, sees a 19% increase in net profit
Hyundai released its first-quarter results on Monday, which showed a 19% hike in net profit despite sales decreasing by almost ten percent. The automaker said various factors played a role in the...
Nissan and Toyota join European automakers in the metaverse
Various European automakers have announced they have been tapping into the metaverse. Japan-based Nissan Motor Co. and Toyota Motor Corporation are the latest automakers to announce they are exploring options in...
Audi and Navistar to increase advanced safety features for school buses, emergency vehicles
Audi and commercial vehicle developer Navistar have announced they will be partnering to expand the development of their C-V2X technology that will be used in Audi vehicles, school buses, and various emergency...
Cox Automotive study shows many buyers unhappy with OEM subscription fees
Monthly and annual subscription services aren't brand new to the auto world (e.g., SiriusXM radio), but automakers have gradually been expanding vehicle-specific subscriptions for safety, performance, and comfort features. A recent...
Renault releases Q1 results, says IPO still possible next year
Electric vehicle maker Renault said Friday that although revenue had dropped to $10.6 billion throughout the first quarter, the decrease was not as significant as analysts projected. The automaker previously announced it...
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