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Earnings and Financials

Toyota Earnings Hit by Sales, Quality, Production Issues

Toyota Earnings Hit by Sales, Quality, Production Issues

In a rare and unexpected setback, Toyota suffered a 20% dip in its operating profit for the most recent quarter, the automaker hit by a variety of problems including recalls and quality snags that delayed the launch of the new 4Runner. But a senior U.S. official said the Japanese giant expects to get back on track in months ahead.

Scout’s Direct-to-Buyer Sales Plan Sets Off Dealer Backlash

Scout’s Direct-to-Buyer Sales Plan Sets Off Dealer Backlash

Auto dealers are ready to go to war with Scout Motors over the new brand’s plan to sell directly to customers without using franchised retailers. Scout is also planning to build separate service centers, which are emerging a key part of the EV landscape.

GM Reports Rise in Q3 Revenue, Exceeds Analysts’ Expectations

GM Reports Rise in Q3 Revenue, Exceeds Analysts’ Expectations

General Motors brought in more money during the third quarter compared to a year ago, but those additional funds didn’t translate to bigger profits. However, the numbers did give the company reason to revise its earnings upward. Find out more at Headlight.News.

As Musk Preps to Debut Tesla RoboTaxi Automaker Struggles with Flood of Exec Departures

As Musk Preps to Debut Tesla RoboTaxi Automaker Struggles with Flood of Exec Departures

It’s a put-up-or-shut-up-day for Elon Musk as Tesla prepares to reveal its long-promised Cybercab, but the company has plenty of other challenges facing it right now, starting with the departure of four top-level executives leading an exodus of talent as insiders balk at the CEO’s increasingly erratic behavior.