Asustek sees inventory swell to over NT$200 billion
Asustek Computer held over NT$200 billion (US$6.67 billion) worth of inventory in the second quarter of 2022, when its net profits fell over 80% sequentially, according to the PC and motherboard vendor......»»
BMW to invest another $2.76 billion in China
BMW said Friday it planned to invest an additional 20 billion yuan ($2.76 billion) in its Shenyang production base in China, in a sign of the premium carmaker's "unwavering commitment to the Chinese market"......»»
Message-scraping, user-tracking service Spy Pet shut down by Discord
Bot-driven service was also connected to targeted harassment site Kiwi Farms. Enlarge (credit: Discord) Spy Pet, a service that sold access to a rich database of allegedly more than 3 billion Discord messages and details.....»»
BMW to invest a further $2.76 billion in key market China
BMW said Friday it planned to invest an additional 20 billion yuan ($2.76 billion) in its Shenyang production base in China, in a sign of the premium carmaker's "unwavering commitment to the Chinese market"......»»
AutoNation Q1 net income falls 34%; company to buy back $1 billion in stock
The dealership group saw continued revenue gains in financial services and service and parts revenue......»»
Quality woes hurt Ford earnings as GM outlook improves
Ford CEO Jim Farley said the company avoided about 12 recalls on its flagship F-150 by performing extra quality checks, but one Wall Street firm estimates the delay cost $3 billion in revenue......»»
Toyota will spend $1.4 billion to build electric 3-row SUV in Indiana
This is a different new 3-row EV from the one Toyota will build in Kentucky. Enlarge / This Toyota factory in Indiana is getting a $1.4 billion investment so it can assemble a new three-row electric SUV for the automaker. (credit.....»»
Honda to spend $11 billion on four EV factories in North America
The new facilities are in addition to the previously announced EV hub in Ohio. Enlarge / Honda is investing CAD$15 billion (US $11 billion) to expand EV manufacturing in North America with four sites in Ontario, Canada. (credit:.....»»
The Mars Sample Return mission has a shaky future, and NASA is calling on private companies for backup
A critical NASA mission in the search for life beyond Earth, Mars Sample Return, is in trouble. Its budget has ballooned from US$5 billion to over $11 billion, and the sample return date may slip from the end of this decade to 2040......»»
Toyota invests $1.4 billion in Indiana plant for large EV
The investment will add 340 jobs and a new battery pack assembly line, but details signal that either the Toyota Sienna or Toyota Highlander will become a full EV in 2026......»»
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......»»
Mobileye quarterly loss widens, revenue plunges as chip orders decline
Mobileye Global reported a sharp fall in first-quarter revenue on Thursday, hurt by fewer orders for its driver-assistance chips as clients rein in spending amid an uncertain economy and excess inventory. .....»»
Asbury Q1 net income slips 19%; $4.2 billion in revenue sets record
Asbury Automotive Group produced $147.1 million in net income during the first quarter, down 19 percent from a year earlier as falling profit margins offset rising vehicle sales and revenue......»»
IBM acquires HashiCorp in multi-billion dollar deal to boost cloud reach
HashiCorp agrees to $6.4 billion takeover deal by IBM as the companies look to take on more of the market......»»
IBM to buy HashiCorp in $6.4 billion cash deal, expanding cloud portfolio
IBM and HashiCorp have entered into a definitive agreement under which IBM will acquire HashiCorp for $35 per share in cash, representing an enterprise value of $6.4 billion. HashiCorp’s suite of products provides enterprises with extensive Inf.....»»
Blowout deals: grab a 24-inch iMac for $799 while supplies last
Apple resellers are clearing out iMac inventory this week, with staggering discounts on the M1 24-inch iMac that knock up to $700 off.Kicking off the sale, Amazon-owned Woot has the standard model with a 7-core GPU, 8GB of unified memory and a 256GB.....»»
Sugar in baby food: Why Nestlé needs to be held to account in Africa
Nestlé has been criticized for adding sugar and honey to infant milk and cereal products sold in many poorer countries. The Swiss food giant controls 20% of the baby-food market, valued at nearly US$70 billion......»»
Anker sale: up to 40% off portable chargers, cable, and more
Anker's Earth-Day sale sees a ton of excellent deals with up to 40% off, so be sure to check everything available to snag yourself some of the best products......»»
Spotify not adopting new App Store terms in the EU, submits app update with pricing info instead
Apple was hit with a $2 billion fine in the European Union last month for “abusive” App Store rules for music streaming services. In addition to the fine, the European Commission also said Apple must relax its anti-steering rules. As reported.....»»
iMazing 3 launches for Mac and PC with all-new design, fresh features, dark mode, more
iMazing has been a go-to tool for Apple power users and IT admins for almost 20 years, now developer DigiDNA is out with iMazing 3. The major release sees a re-engineering of the whole app that brings a new UI and features, and even Vision Pro compat.....»»
Ford Q1 net income falls 24% to $1.3 billion; revenue rises despite lower production
Ford cited a strong performance from its commercial vehicle unit, which earned $3 billion before interest and taxes, as the reason revenue increased while shipments declined.....»»