BizLink expects synergy from acquiring LEONI"s INBG
Connecting cable and wiring system maker BizLink Holding has finished acquisition of a 100% stake in Industrial Solutions Business Group (INBG) under Germany-based cable maker LEONI at Euro 451 million (US$507 million), and expects the acquisition to.....»»
Analyst: iPhone 15 to enter mass production in August, expect Apple to increase prices on Pro Max model
Jeff Pu of Haitong Intl Tech Research today said that he expects the iPhone 15 series to enter mass production in August, on track to build around 84 million made for the second half of 2023. This is up about 12% compared to the iPhone 14 builds las.....»»
Porsche said to rethink plan to ditch Macan ICE sales in U.S. by mid-decade
Porsche told dealers it expects U.S. sales to hit 80,000 next year......»»
Engwe M20 ebike review: Fewer adjustment capabilities with solid motor power
The Engwe M20 electric bike is a fun ride, but the limited options for customization may not make it the perfect fit for everyone.Engwe M20While usually expensive, acquiring an e-bike has many benefits — especially if you live in the city or near a.....»»
Fisker expects to launch China output as early as 2024
In a recent visit to China, Fisker’s leadership team held talks with officials and business leaders in Shanghai about supply chains, logistics, warehousing and future product development......»»
BorgWarner acquires EV charging business in Italy for about $80 million
The acquisition target is expected to generate about $27 million in revenue this year, and BorgWarner expects to grow sales to $273 million by 2027......»»
Rivian’s SUV production is outpacing pickup truck volume
The Irvine, California-based EV maker has faced manufacturing setbacks with its debut models, but expects to build some 50,000 vehicles this year, double its production volume in 2022......»»
BorgWarner sets July completion date for aftermarket spinoff
BorgWarner said it expects to complete the planned spinoff of its aftermarket and fuel parts business into Phinia by July 3. The transaction is part of an overarching strategy to prepare for an electrified future......»»
Star Wars’ return to theaters finally starts to take shape
Shortly after acquiring Lucasfilm in 2012, Disney immediately got to work on bringing Star Wars back to movie theaters. Disney ended up releasing five movies … The post Star Wars’ return to theaters finally starts to take shape appeared f.....»»
JMC expects modest revenue growth in 2Q23
JMC Electronics, a supplier of chip-on-film (COF) substrates, reported an 8.2% month-over-month revenue increase in May and anticipates modest sequential revenue growth in the second quarter......»»
Ichia expects over 20% revenue growth in 2023
Ichia Technologies, a flexible PCB (FPCB) and mechanism integration component supplier, expects to post a more than 20% revenue surge in 2023, buoyed by a ramp-up in shipments for automotive displays......»»
Carvana says it expects adjusted profit of more than $50M in Q2; shares surge 56%
The announcement sparked a rally for Carvana shares on Wall Street on Thursday. Shares skyrocketed 56 percent......»»
Carvana says it expects adjusted profit of more than $50M in Q2; shares surge 49%
The announcement sparked a rally for Carvana shares on Wall Street on Thursday. Shares rose 49 percent in afternoon trading......»»
LED maker Tyntek expects loss to narrow in 2Q23
Tyntek, a manufacturer of LED chips and Si-based sensors, is expected to see the losses of its core business narrow in the second quarter, even though it has adjusted lower the prices for some items to maintain market share amid sluggish demand, acco.....»»
Edom sees inventory return to normalcy as early as 3Q23
IC distributor Edom Technology expects its inventory to revert to normal levels as early as the third quarter of 2023......»»
Canada"s Quebec expects thousands more to flee wildfires
Canada's Quebec province, now the epicenter of a devastating wildfire season that has ravaged the country, expects thousands more people to be forced to flee advancing fires, its leader said Wednesday......»»
GM aims to build EVs within existing factory footprint
GM's top manufacturing executive says the automaker expects to meet its production needs by converting some plants to build only EVs and others to build electric and gasoline vehicles together......»»
Detroit auto show says it expects more brands to show up in 2023
The Detroit Auto Dealers Association, which runs the show, said Wednesday that it expects more than double the 13 brands that participated in last year's show......»»
Detroit auto show says it expects more auto brands to show up in 2023
The Detroit Auto Dealers Association, which runs the show, said Wednesday that it expects more than double the 13 brands that participated in last year's show......»»
Automotive supplier BorgWarner expects electric product sales to reach 50% by 2027
US-based automotive supplier BorgWarner announced its latest electrification strategy on June 6. The company aims to reach more than US$10 billion in eProduct sales by 2027. Its eProudcts supporting battery and hybrid EVs will generate half of the ov.....»»
Memory contract and spot prices to improve in 3Q22, says Apacer president
Taiwan-based memory module maker Apacer expects the memory spot price to rise and the contract price to stabilize in the third quarter of 2023, while memory demand is expected to recover quarter by quarter in the second half, but is unlikely to enjoy.....»»