American Axle profit dips, sales increase in Q2
American Axle & Manufacturing Holdings Inc.'s second-quarter net income fell because of supply chain challenges and other cost inefficiencies, while revenue rose marginally. The supplier, based in Detroit, said net income fell 65 percent to $8 mil.....»»
Automakers hedge their bets with plug-in hybrids as EV sales slow
Originally regarded as stopgap solutions, hybrids are in it for the long haul. Enlarge (credit: Honda) Global carmakers are stepping up their investment in hybrid technologies as consumers’ growing wariness over fully.....»»
China"s vehicle exports hit record high in April as domestic sales fall
Facing trade threats in Europe, Chinese automakers have been actively exploring South America, Australia and ASEAN markets for exports......»»
Rocket Report: German launch from Australia; Neutron delayed until 2025
"The planned increase in flight cadence for our mothership Eve is a game changer." Enlarge / HyImpulse's single-stage rocket, SR75, lifts off from Australia. (credit: HyImpulse) Welcome to Edition 6.43 of the Rocket Rep.....»»
The Volvo VNL, a heavy truck purpose-designed for North American roads
Blindspot cameras and radars, a more efficient engine, and lower-drag cab all help. Enlarge / America sends five times more freight by truck than rail, so it's important to start making those trucks more fuel efficient and safer......»»
Costa Rica to ration electricity as drought bites
Costa Rica has become the latest Latin American country to introduce rationing due to drought, announcing Thursday it will limit access to electricity for which it relies heavily on hydro-generation......»»
Researchers demonstrate enhanced radiative heat transfer for nanodevices
Researchers from Japan have been working hard to keep their cool—or at least—keep their nanodevices from overheating. By adding a tiny coating of silicon dioxide to micro-sized silicon structures, they were able to show a significant increase in.....»»
Apple maintains US market share as smartphone demand continues to weaken
New research claims that US smartphone shipments have declined 8% year over year, yet Apple's iPhone has stayed steady at 52% of the market.Delays over Apple's iPhone 14 saw its sales boost come late, which has now affected yearly comparisonsEven if.....»»
5 key takeaways from Toyota"s record earnings report
Under first-year CEO Koji Sato, Toyota reported a blockbuster fiscal year of records, from sales to profits. Here are five top takeaways from the automaker's earnings conference......»»
Nissan has a new plan to spur sales — and it wants retailers to fund it
With a nearly triple-digit days' supply, Nissan is allowing dealers to advertise 2024 model year vehicles below invoice......»»
Hyundai, Kia unit settles U.S. charges it repossessed service members" vehicles
Hyundai's and Kia's American financing arm will pay $334,941 to settle charges it illegally repossessed vehicles belonging to military service members, the U.S. Department of Justice said on Wednesday......»»
High hopes for carbon capture, underground storage
Capturing carbon dioxide (CO2) from the atmosphere to store underground "sounds too good to be true", a climate expert told AFP, yet the technology to increase its capacity tenfold is already being tested......»»
Global warming may boost mosquito habitats, study finds
A research team at Los Alamos National Laboratory is using computer models to simulate how climate change could expand the geographical range in which mosquitoes live, which may cause an increase in mosquito-borne illness. The study was recently publ.....»»
Apple profits surge as consumers choose pricier iPhone storage options
Amidst plateauing iPhone sales, Apple's enhanced storage upgrade options have emerged as a significant profit driver.Apple profits surge as consumers choose pricier iPhone storage optionsApple has long leveraged the strategy of encouraging iPhone use.....»»
New 13-inch iPad Air will eat into iPad Pro sales
A new report predicts that sales of the new iPad Pro will be affected both by its higher price than before, and by the appeal for consumers of the lower-cost 13-inch iPad Air.New iPad Pro (source: Apple)Trendforce has previously and rather obviously.....»»
Marine bacteria team up to produce a vital vitamin
A German-American research team led by microbiologist Dr. Gerrit Wienhausen from the University of Oldenburg (Germany) has come an important step closer to a better understanding of highly complex interactions between marine microorganisms. The resea.....»»
GM takes new approach, new name with fleet business
GM is seeing significant growth in sales of vehicles and accompanying services by creating a new one-stop fleet unit aimed at helping business customers operate more efficiently......»»
MITRE and NVIDIA build AI supercomputer for federal agency use
MITRE is building a new capability intended to give its AI researchers and developers access to a massive increase in computing power. The new capability, MITRE Federal AI Sandbox, will provide better experimentation of next generation AI-enabled app.....»»
CEO Koji Sato reloads for long-term growth after leading Toyota to record profit, sales, production
Toyota reports across-the-board record results in its just-ended fiscal-year, but it warns earnings will retreat in the current year......»»
Toyota CEO Sato leads automaker to record profit, sales, production
Toyota reported record quarterly sales and record profits, but warned earnings will retreat in the current year as it takes a break from hectic expansion and invests in next-generation EVs, software and AI......»»
Rivian"s Q1 net loss widens to $1.45B as Illinois plant retools for lower-cost EVs
CEO RJ Scaringe said Rivian had successfully retooled its Normal factory with new robots and new parts suppliers to cut costs and increase line speed. He declined to comment on reported talks with Apple Inc......»»