Asbury gives itself flexibility with relaxed 2025 revenue goal
Asbury CEO David Hult told the more flexible goals are meant to avoid the company focusing on too specific a target to the point of detrimental business decision-making......»»
Apple allegedly planning foldable 20.3-inch hybrid for 2025, foldable iPhone in 2026
Apple is ramping up its work on foldable devices, according to a new investor note seen by 9to5Mac. The report, from Haitong International Securities analyst Jeff Pu, says that Apple will begin mass production of a 20.3-inch foldable device in late 2.....»»
Foxconn saw best-ever April revenues partly because of better than expected iPhone demand
Apple's largest iPhone manufacturer has reported almost a fifth higher revenue for April 2024 compared to the same month in 2023, in part because of diversification.Workers in a Foxconn factoryIn March 2024, Foxconn's parent company Hon Hai Precision.....»»
American Axle Q1 revenue, profit climb
American Axle & Manufacturing increased revenue and profit in the first quarter thanks to steadier production from its customers. Net income swung to a $20.5 million gain from a $5.1 million deficit in the same period last year......»»
Five-day work week builds work–life balance in construction
Construction workers typically work six days a week but research tracking a five-day work week in the industry shows flexibility is key to improving worker well-being, with minimal perceived impact on productivity......»»
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.”.....»»
Top 5 stories of the week: Asbury looks to sell dealerships; UAW threatens Stellantis stamping plant
A quick look at the top automotive stories of the week as determined by reader interest......»»
American Axle revenue, profit climb in first quarter
American Axle & Manufacturing Holdings Inc. increased revenue and profit in the first quarter thanks to steadier production from its customers. The automotive supplier saw year-over-year revenue growth of 7 percent to $1.6 billion during the period,.....»»
Here’s how Jaguar will relaunch as an all-EV brand
In 2021, it canceled an EV months before production—now it's preparing for 2025. Enlarge / Its unlikely the next electric Jaguar will look much like these extreme coupés, designed by the brand for Gran Turismo. (credit: Jaguar.....»»
Jaguar wins 1-2 in Monaco as it prepares its rebirth as EV-only brand
In 2021, it cancelled an EV months before production—now it's preparing for 2025. Enlarge / Its unlikely the next electric Jaguar will look much like these extreme coupés, designed by the brand for Gran Turismo. (credit: Jagua.....»»
New Nevada experiments aim to improve monitoring of nuclear explosions
On an October morning in 2023, a chemical explosion detonated in a tunnel under the Nevada desert was the launch of the next set of experiments by the National Nuclear Security Administration, with the goal to improve detection of low-yield nuclear e.....»»
Apple Q2 2024 earnings brought to life by Six Colors, with video too
Yesterday saw the announcement of the Apple Q2 2024 earnings report, which were pretty much exactly as expected – revenue coming in at $90.75B against Wall Street expectations of $90.1B. As usual, Six Colors has brought the numbers to life with.....»»
What did we learn from Tim Cook’s comments yesterday?
There were no surprises in Apple’s earnings report yesterday, with the company reporting close to the $5B year-on-year fall in revenue it had warned us to expect. Analysts got their usual chance to question CEO Tim Cook and chief financial offic.....»»
Jeep Gladiator 4xe plug-in hybrid coming in 2025
Jeep, which has dominated the plug-in hybrid market, is adding a third nameplate to its 4xe line in 2025......»»
Tim Cook says DOJ antitrust lawsuit against Apple is ‘misguided’
Apple on Thursday announced its earnings for the second fiscal quarter of 2024, slightly beating expectations with $90.75 billion in revenue. During an interview, Cook also took a moment to talk about the US Department of Justice’s (DOJ) antitrust.....»»
Apple’s Q2 2024 earnings reveal a drop in iPhone, iPad sales
Services growth looked rosy as Apple's hardware revenue in China slowed. Enlarge / The Apple Park campus in Cupertino, California. (credit: Anadolu Agency | Getty) Apple's earnings report for the second quarter of the co.....»»
Apple announces Q2 2024 earnings, slightly beating expectations with $90.75 billion revenue
Apple has disclosed its fiscal year 2024 Q2 earnings results. The company reports $90.75 billion in revenue during the three-month period, dropping 4.31% year over year. Analysts expected revenue around $90.33 billion. Apple netted $23.64 billion i.....»»
BorgWarner generates higher revenue, earnings as demand grows for hybrids
Detroit automakers such as GM have plans to bring back hybrids to the market, feeding customer demand for a bridge to all-electric powertrains. BorgWarner's CEO kept details around hybrid quoting activity close to the vest......»»
Honda plants 85,000 trees outside factories in Ohio
The initiative will increase biodiversity in the region near three of Honda's operations and will help the automaker get closer to its carbon neutrality goal......»»
Cadillac could keep selling gas vehicles past 2030 all-EV goal
GM's luxury brand has said it aims to have an all-EV portfolio by the end of the decade, but Cadillac's global vice president said electric and gasoline models "will coexist for a number of years.".....»»
Tomorrow’s AAPL Q2 earnings likely to be $5B down
AAPL Q2 earnings are set to be announced tomorrow, and the company had already warned that we should expect a year-on-year revenue drop of around $5B. Analysts expect the same thing, and the outlook for Q3 isn’t expected to be any better, so in.....»»