Buffett"s Berkshire dumps stake in General Motors as it builds cash
In a regulatory filing detailing its U.S.-listed stock holdings as of Sept. 30, Berkshire reported no holdings in GM after reporting a stake of $848 million in June......»»
Magna expects $400 million revenue loss from Fisker production halt
Magna builds the Ocean EV for Fisker. Magna said it is monitoring the situation and "will evaluate opportunities to further mitigate impact on our business.”.....»»
2024 Acura ZDX born from ‘good collaboration" with General Motors, chief engineer says
Acura worked closely with General Motors to ensure that the co-developed ZDX midsize crossover hit the import brand's performance goals......»»
Carvana set to dig back into used-car market after latest quarter, analysts say
Analysts bullish on Carvana said its Q1 results are a sign it has recovered from a two-year period of losses and cash burn that forced new focus on profitability......»»
Lucid to report Q1 earnings amid cash burn, waning EV growth
The startup produced 1,728 Air sedans in the first quarter, running behind its 2024 forecast of 9,000 vehicles. Lucid plans to launch a second model, the Gravity crossover, this year......»»
Two seconds of hope for fusion power
A fusion reactor in San Diego surpasses a limit on plasma density. Enlarge / The interior or the DIII-D tokamak. (credit: General Atomics) Using nuclear fusion, the process that powers the stars, to produce electricity o.....»»
NASA says Artemis II report by its inspector general is unhelpful and redundant
"The redundancy in the above recommendations does not help." Enlarge / Orion, the Moon, and Earth in one photo in December 2022. (credit: NASA) NASA's acting inspector general, George A. Scott, released a report Wednesd.....»»
NASA seems unhappy to be questioned about its Artemis II readiness
"The redundancy in the above recommendations does not help." Enlarge / Orion, the Moon, and Earth in one photo in December 2022. (credit: NASA) NASA's acting inspector general, George A. Scott, released a report Wednesd.....»»
GM will take top 2 floors at Hudson"s Detroit for new HQ — for now
More details are coming to light about General Motors Co.’s footprint in the Hudson’s Detroit property as it moves its headquarters out of the Renaissance Center. .....»»
Lithia trims U.K. car dealership network after Pendragon deal
Lithia Motors is paring its U.K. auto retail footprint with cuts to the Pendragon network after entering and expanding throughout the country in the past 13 months. It's dropping 16 used-car CarStore locations and rebranding 11 others......»»
Goldman in talks with Barclays on GM Credit Card deal, WSJ Says
Goldman Sachs Group Inc. is in discussions to transfer its General Motors Co. credit-card business to Barclays Plc. The British lender is the lead candidate to take over the credit card portfolio with about $2 billion in outstanding balances,.....»»
An inside look at General Motors’ massive gamble in ditching CarPlay
A little over a year ago, General Motors made what may well turn out to be one of its biggest gambles in many years: dropping support for CarPlay for all future EVs. To most of us, the decision seemed insane, likely to result in a huge number of l.....»»
Here’s your chance to own a decommissioned US government supercomputer
145,152-core Cheyenne supercomputer was 20th most powerful in the world in 2016. Enlarge / A photo of the Cheyenne supercomputer, which is now up for auction. (credit: US General Services Administration) On Tuesday, the.....»»
Apple issues its fourth round of developer betas
The fourth round of developer betas for Apple's current operating systems has arrived, with new builds of iOS 17.5 and others now available for testing.iOS 17Developers taking part in Apple's beta program can get the latest builds from the Apple Deve.....»»
Lithia: Driveway Finance has $2M loss in Q1, still on track for profitability in 2024
Lithia Q1 2024 earnings: Car dealer Lithia Motors Inc.'s developing captive finance company Driveway Finance Corp. lost $2 million during the first quarter, compared with a $21 million loss a year earlier......»»
More efficient molecular motor widens potential applications
Light-driven molecular motors were first developed nearly 25 years ago at the University of Groningen, the Netherlands. This resulted in a shared Nobel Prize for Chemistry for Professor Ben Feringa in 2016. However, making these motors do actual work.....»»
Android 15 Beta Problems: What Pixel Users Need to Know
Google’s released the Android 15 beta giving Pixel users a chance to try the operating system before it’s released to the general public. As expected, the software is plagued with issues. Downloading the beta might be tempting, but this i.....»»
Apple Card promotion offers users 10% cash back on Nike purchases
Apple and Nike have released a new promotional offer, which will give Apple Card holders 10% cash back on Nike purchases made through Apple Pay.Apple Card holders are eligible for 10% cashback on NIke purchasesWith Nike's limited-time offer, Apple Ca.....»»
Apple Card teams up with Nike for 10% cash back
Apple Card has shared its latest promotion for customers – 10% Daily Cash up to $50 back on purchases at Nike. Here are the details… more….....»»
New GM North America chief Marissa West has deep ties to automaker
While growing up, General Motors' first female North American president would collect brochures at the Detroit auto show and pretend to run her own dealership......»»
VinFast founder commits $1 billion as EV maker bleeds cash
Vietnamese billionaire Pham Nhat Vuong pledged to invest at least another $1 billion of his personal wealth into VinFast Auto Ltd., providing the capital needed for expansion of the struggling electric vehicle maker......»»