Carvana cuts 2,500 jobs, execs to forego pay for severance
DETROIT (AP) _ Online automotive retailer Carvana Co. says it's letting go about 2,500 workers, roughly 12% of its workforce, as it tries to bring staffing and expenses in line with sales.
Cars.com: Q1 Earnings Snapshot
CHICAGO (AP) _ Cars.com Inc. (CARS) on Thursday reported first-quarter profit of $4.3 million.
The Chicago-based company said it had net income of 6 cents per share.
Carmaker Stellantis says 1Q revenues rose, low Russia risk
MILAN (AP) _ Carmaker Stellantis on Thursday reported higher first-quarter revenues despite lower deliveries, with no significant impact from the closure of its Russian plant due to sanctions.
Stellantis,...
Ferrari: Q1 Earnings Snapshot
MARANELLO, Italy (AP) _ Ferrari NV (RACE) on Wednesday reported first-quarter profit of $268.2 million.
On a per-share basis, the Maranello, Italy-based company said it had profit of $1.45.
Lear: Q1 Earnings Snapshot
SOUTHFIELD, Mich. (AP) _ Lear Corp. (LEA) on Tuesday reported first-quarter net income of $49.4 million.
The Southfield, Michigan-based company said it had net income of 82 cents per...
Asbury Automotive: Q1 Earnings Snapshot
DULUTH, Ga. (AP) _ Asbury Automotive Group Inc. (ABG) on Thursday reported first-quarter net income of $237.7 million.
The Duluth, Georgia-based company said it had profit of $10.38 per share. Earnings,...
Sonic Automotive: Q1 Earnings Snapshot
CHARLOTTE, N.C. (AP) _ Sonic Automotive Inc. (SAH) on Thursday reported first-quarter net income of $97.3 million.
The Charlotte, North Carolina-based company said it had net income of $2.33 per share.
Ford loses $3.1 billion, hit by investment and chip shortage
By DAVID KOENIGAP Business Writer
DALLAS (AP) _ Ford Motor Co. reported Wednesday that it lost $3.1 billion in the first quarter, weighed down by its investment in an electric-vehicle startup,...
O’Reilly Automotive: Q1 Earnings Snapshot
SPRINGFIELD, Mo. (AP) _ O'Reilly Automotive Inc. (ORLY) on Wednesday reported first-quarter profit of $481.9 million.
On a per-share basis, the Springfield, Missouri-based company said it had profit of $7.17.
Penske: Q1 Earnings Snapshot
BLOOMFIELD HILLS, Mich. (AP) _ Penske Automotive Group Inc. (PAG) on Wednesday reported first-quarter profit of $367.9 million.
The Bloomfield Hills, Michigan-based company said it had net income of $4.76 per...