AMC warns of Q2 2024 earnings ‘weakness’

AMC warns of Q2 2024 earnings ‘weakness’

The AMC 25 Theatres in Times Square in New York is seen on Tuesday, July 8, 2014. Richard Levine | Corbis News | Getty Images AMC Entertainment on Wednesday warned investors of declines in key metrics during the second quarter, sending its shares down more than 7%. The company blamed last year’s actors and writers … Read more

GM Q2 2024 auto sales: Best since 2020

GM Q2 2024 auto sales: Best since 2020

Vehicles are offered for sale at a GM dealership on June 20, 2024 in Lincolnwood, Illinois.  Scott Olson | Getty Images DETROIT – General Motors reported its best quarterly sales in more than three years, including notable increases in full-size pickup trucks and all-electric vehicles. The Detroit automaker on Tuesday reported sales of 696,086 for … Read more

Amazon car-buying seeks to reshape dealerships

Amazon car-buying seeks to reshape dealerships

The total addressable market for new and used car sales in the U.S. is estimated to be somewhere between $2.5 trillion and $3 trillion, according to the National Automobile Dealers Association. And e-commerce behemoth Amazon is attempting to do what insiders say no one has been able to do yet: bring a seamless online shopping … Read more