Tag Archives: Killing

Inflated New Car Inventory Could Be Killing Used Car Prices

Good morning! Welcome to The Morning Shift, your roundup of the auto news you crave, all in one place every weekday morning. Here are the important stories you need to know. 1st Gear: Inflated New Car Inventory Could Be Killing Used Car Prices Analysts have long suspected that high volumes of lease turn-ins would kill used car prices, but that’s ... Read More »

Samsung Cuts Profit by $2.3 Billion After Killing Galaxy Note 7

Samsung Electronics Co. cut its third-quarter operating profit outlook by $2.3 billion (roughly Rs. 15,375 crores) after ending production of its fire-prone Galaxy Note 7 smartphones, the first sign of how much the crisis will cost South Korea’s largest company. Profit will be KRW 5.2 trillion ($4.63 billion or roughly Rs. 30,953 crores) instead of KRW 7.8 trillion in the ... Read More »