CDK cyberattacks dampen public dealership groups' Q2 numbers
The June 19 CDK cyberattacks significantly dampened earnings or created noteworthy short-term financial setbacks for five of the six public dealership groups.
Luminar Q2 net loss narrows to $130.6 million; debt restructuring deal reached
The lidar supplier said revenue grew 2 percent to $16.5 million.
Losses continue to pile up at Rivian and Lucid in Q2
Both EV makers have received large cash infusions to help stem cash burn and pay for continued operations.
Volvo ups sticker price on new EX90 EV by $3,300 despite missing features
One Volvo dealer said 40 percent of his EX90 reservations were canceled because the EV will be missing several safety and entertainment features at launch.
Column: From atop the Mitten, suppliers' world looks challenging in 2024
Shifting customer plans, high interest rates and tight labor markets make it a tough world for suppliers.