• Tue, December 10, 2024

by: WPRI 12

Satellite offers potential clues about what went wrong with the Washington Bridge

Data from the European Space Agency shows unusual movement on the westbound bridge in the period before its sudden closure.

by: Reuters

AutoZone misses first-quarter profit, revenue estimates

Automotive parts retailer AutoZone missed estimates for first-quarter profit and revenue on Tuesday, hurt by higher raw material prices and a stronger dollar.

by: The New York Times

G.M. Will Stop Developing Self-Driving Taxis

Cruise suspended a self-driving taxi service in San Francisco last year after one of its cars hit and dragged a pedestrian, causing severe injuries. In July, G.M. said Cruise would restart testing of self-driving cars with humans behind the wheel.

by: USA Today

GM dumps Cruise robotaxi plans; shifts autonomy work to personal cars

GM said it sees a better business case in developing autonomous technology for personal cars rather than to develop robotaxis for Cruise.

by: MSN

The Best Car Anti-theft Devices of 2024

We've installed steering wheel locks, gps trackers, and remote battery kill switches to find the best ways to protect your car. The post The Best Car Anti-theft Devices of 2024 appeared first on GearJunkie.

by: Bloomberg L.P.

A Boom in Earnings for Car-Carrying Ships Is Starting to Fade

Since the pandemic, earnings for ships that move cars across the oceans have soared to record levels, fueled by booming global trade in vehicles. The rally is starting to fade.

by: Seeking Alpha

Auto 2025: These stocks may outperform despite industry speed bumps

Morgan Stanley's 2025 preview of the automobile sector highlights potential stock picks and market trends amidst EV policies, tariffs, and inflation.

by: Forbes

Rare Earth Ban Fuels Doubt About The Viability Of The US Auto Industry

The transition to electric vehicles will happen far faster than is commonly understood. The Chinese bans on rare earth adds headwinds for US EV manufacturers.

by: Crain's Detroit

Cruise dropping robotaxi effort as GM shifts focus to driver-assist tech

General Motors' Cruise unit is abandoning its effort to develop robotaxis, and the automaker instead will use the self-driving technology unit to work on advanced driver-assistance features that eventually may lead to fully autonomous personal vehicles.

by: TechCrunch

San Francisco is the most prepared city for new transportation tech

San Francisco is the most prepared city for new transportation technologies like AI, autonomous vehicles, and air taxis, according to an new urban

by: JD Supra

Road Notes - Takeaways from Used Car Week 2024

Used Car Week recently took place in Scottsdale, Arizona. This multi-track conference highlights trends in the automotive

by: Slate

Giant Cars Are Going Global

A number of factors can explain why car bloat emerged first in the U.S. One is wealth: Bigger cars are more expensive to purchase and fuel, and comparatively affluent Americans could better afford them.

by: Electronic Design

High-Precision Current Sensors Target Automotive, Industrial Busbars

Molex's packaging design, which minimizes size and weight, make the sensors well-suited for plug-and-play applications.

by: MSN

3M Company Rises 29.8% in 6 Months: What Should Investors Do?

M Company's MMM investors have been witnessing some short-term gains from the stock of late. The conglomerate giant's shares have gained 29.8% in the past six months, outpacing the S&P 500 composite's growth of 13.
  • Wed, December 11, 2024

by: Repairer Driven News

FCC adopts final rules for cellular-vehicle-to-everything technology

The Federal Communications Commission (FCC) unanimously adopted final rules for cellular-vehicle-to-everything (C-V2X) technology in a second report and order late last month. The C-V2X

by: TopSpeed

From Fuel Economy To Longevity: Why Compact Cars And SUVs Are Making a Comeback

Rising fuel costs, urban living trends, and technological advancements have made compact cars and SUVs more appealing than ever.

by: The Independent Singapore

45% employers plan to hire more staff in Q1 2025, but 20% plan to reduce hiring efforts

The survey, which gathered responses from 525 local employers, revealed that 45% of employers plan to increase hiring during Q1, 20% expect to reduce hiring, and 34% anticipate no changes in their staffing levels.

by: CNBC

Best Auto Loans and Financing of December 2024

A car is an expensive purchase, but choosing the right lender can save you thousands of dollars in interest charges and fees. Plus, you want your car shopping experience to be easy and transparent ...

by: Beatrice Daily Sun

Only about 2 in 10 Americans approve of Biden's pardon of his son Hunter, poll finds

About 2 in 10 Americans approve of President Joe Biden's decision to pardon his son Hunter after promising he would do no such thing, according to a poll.

by: CalMatters

Polluted communities hold their breath as companies struggle with California's diesel truck ban

California has an aggressive mandate for zero-emission trucks. But companies face big obstacles and people are still breathing dangerous exhaust.

by: Reuters

Wall Street mostly upbeat on GM's decision to pull the plug on Cruise

General Motors needed to exit its Cruise robotaxi business, most Wall Street analysts agreed on Wednesday, but the automaker's decision to do so was still a disappointing end for an operation that GM had touted as a potential $50 billion revenue generator by 2030.

by: Los Angeles Times

Why Newsom's electric vehicle mandate is in trouble

EV sales have stalled, clouding California's ambitious plans for all new cars sold in California to be zero-emission vehicles by 2035.

by: The New Indian Express

Wide berth to protected monuments in Ahmedabad rly station redevelopment plan

We want development in line with the heritage. We have ensured there will be no construction around the prohibited area of the bricks minarets. It will be developed as a pedestrian plaza where people can come and go.

by: USA Today

MichAuto panel talks state of industry with rise of China, electric vehicles, tariffs

Panelists debated the state of the auto industry and MichAuto released a new study on Michigan's mobility industry.

by: Stoneham Independent

EU conservatives seek to stall 2035 combustion engine ban

The largest group in the European Parliament, the conservative EPP, joined calls Wednesday to "reverse" a ban on combustion engine vehicles starting in 2035, citing the struggles of the automotive

by: Bradford Era

Resources for older drivers to remain active, connected

The administration worked during Older Driver Safety Awareness Week to emphasize the resources available in Pennsylvania to provide accessible and flexible transportation alternatives to older adults.

by: Detroit News

Top auto lobby warns states of 'unachievable' California emissions rules

The trade group is urging states to reconsider their emission commitments, while environmental groups have said the concerns are overblown.

by: The Royal Gazette

Car sales and service spike for first ten months of year

New registrations for motor cars and trucks coming on to the road have shot up 7 per cent this year, with 124 more units during the first ten months, than during the same period in 2023. But auto

by: The Verge

The end of Cruise is the beginning of a risky new phase for autonomous vehicles

Instead, Cruise never made it to the end of 2024. It all culminated in an incident on October 7th, 2023, when a Cruise vehicle in San Francisco struck and dragged a pedestrian over 20 feet, seriously injuring her. The victim was initially struck by a hit-and-run driver, which launched her into the path of the Cruise car.

by: Cars

10 Biggest News Stories of the Week: Mercedes-Benz GLC350e Pulls Plug on Chevrolet Traverse

by: Community Impact Newspaper

Northwest ISD CTE program to expand with construction, transportation academies

Northwest ISD will expand its award-winning career and technical education academies in the coming years. The district's Construction Academy will open in August 2025 followed by the Transportation, Automation & Logistics Academy's opening in 2027.

by: Yahoo Finance

MotorTrend CEO on why the Ram 1500 won 'Truck of the Year' and what tariffs would mean for US buyers

The MotorTrend Truck of the Year wasn't an EV like the Rivian R1T or Ford F-150 Lightning. A gas-powered truck won top honors.

by: Forbes

Cybersecurity Confusion In Auto Industry: Disproving A Future Negative

There's a whole bunch of confusion about certifying a company as cybersecure, which is becoming increasing relevant to both revenues and costs for automakers.

by: Associated Press

EPA awards $135 million to California to phase out big diesel trucks

The Environmental Protection Agency is awarding $135 million in grants to fund 13 projects in California to help the state phase out big rigs that run on diesel.

by: Wall Street Journal

General Motors Scraps Cruise Robotaxi Program

Carmaker cites competition, time and costs needed to scale the business.

by: Houston Public Media

General Motors reportedly scraps autonomous vehicles months after Houston relaunch of Cruise

The move comes just months after Cruise announced it would restart testing operations in Houston after a staffing shakeup followed the launch of several federal safety investigations into the vehicles.

by: The Franklin News Post

FBI Director Wray says he intends to resign at end of Biden's term in January

The announcement comes a week and a half after President-elect Donald Trump announced his intention to nominate loyalist Kash Patel for the position.

by: Businessworld

Fuel And Road Costs Can Reduce Logistics To 9%: Nitin Gadkari

Union Minister for Road Transport and Highways, Nitin Gadkari on Tuesday said that changes in the cost of fuel and road can bring the logistics cost to nine per cent.Speaking at three day Rising Rajasthan Global Investment Summit 2024 in Jaipur,

by: YAHOO!News

What are the best, worst times to travel for Christmas, New Year's? AAA predicts crowded roads

If you're throwing the family in the car this holiday season, here are the best times to hit the road according to transportation experts.

by: MSN

Wrong-way driver brought to a halt after DPS trooper crashed into him on Loop 101

The driver, 26-year-old Nicholas Chavez, was arrested on charges including aggravated DUI driving wrong way, a Class 4 felony.

by: Yahoo Finance

ECD Auto Design Announces Receipt of Nasdaq Delisting Notice

ECD Automotive Design, Inc. (Nasdaq: ECDA) ("ECA Auto Design" or the "Company"), an industry leader in delivering restored, modified and electrified Land Rover Defenders, Jaguars, Ford Mustangs, and Toyota FJs,

by: Yahoo

Which state is rivaling California on EV leadership? Colorado

California has long led the way on electric vehicles, but another Western state is challenging the Golden State's top spot. Between July and September, nearly 25 percent of the vehicles registered in Colorado were electric or plug-in hybrids.

by: Beatrice Daily Sun

House approves $895B defense bill with military pay raise, ban on transgender care for minors

The bill passed by a vote of 281-140 and next moves to the Senate, where lawmakers sought a bigger boost in defense spending.

by: Associated Press

EPA awards $144 million to California to phase out big diesel trucks

The Environmental Protection Agency is awarding $144 million in grants to fund 13 projects in California to help the state phase out big rigs that run on diesel.

by: Yahoo

US car giant axes $10bn self-driving taxi business amid safety issues

American car giant General Motors (GM) has abandoned plans for its self-driving taxi venture in the wake of a string of safety failures.

by: MSN

Here's what to know about Chick-fil-A's incoming distribution center in Kentucky

The popular chicken chain Chick-fil-A is building a distribution center in Elsmere, Kentucky, to support 150 regional restaurants.

by: MSN

The Best Socket Sets for Tested

The best socket set for your needs depends on the jobs they're intended for. See how these top-quality sets performed in different maintenance tasks.

by: MSN

The major projects Indiana is spending federal infrastructure funding on

Truck Parking Club used White House data to analyze how Indiana is spending federal infrastructure dollars to invest in its communities.

AutoZone misses first-quarter profit, revenue estimates

Automotive parts retailer AutoZone missed estimates for first-quarter profit and revenue on Tuesday, hurt by higher raw material prices and a stronger dollar.
AutoZone Inc. reported lower-than-expected quarterly profit and revenue for the first quarter ending November 18, 2023, due to a combination of factors including a mild winter reducing demand for auto parts, and increased competition from both traditional rivals and new entrants in the automotive aftermarket sector. The company's net income rose to $593.5 million, or $30.98 per share, from $569.2 million, or $27.45 per share, a year earlier, but this still fell short of Wall Street expectations of $31.07 per share. Revenue increased by 5.1% to $4.23 billion, yet it did not meet the anticipated $4.25 billion. AutoZone also noted a slight decrease in same-store sales, attributing it to cautious consumer spending and a shift towards electric vehicles which require fewer traditional maintenance parts.

Read the Full Reuters Article at:
https://www.reuters.com/business/autos-transportation/autozone-misses-first-quarter-profit-revenue-estimates-2024-12-10/

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