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.....»»
Ford battery partner SK On sees strong EV growth beyond 2024
Ford Motor Co.’s South Korean electric-car battery partner SK On Co., which furloughed some U.S. workers last year amid waning EV demand, expects EV sales to be sluggish in 2024 but remains bullish in the long term......»»
Third investment firm downgrades Apple, but expects iPhone demand to improve
Investment firm Redburn Atlantic has become the latest to downgrade Apple, although its analyst is keeping its $200 price target.Apple's iPhone 15Following Barclays' expectation that the iPhone 16 will have no compelling features, Piper Sandler also.....»»
Foxconn expects Q1 revenue drop as iPhone demand falls
Apple's largest manufacturer says that Q4 2023 revenues for all of its business, including the iPhone, declined 5.4% year on year, and that it believes a slowing demand will also impact Q1 2024.Back in August 2023, Foxconn reported that its profits c.....»»
Chevy trio of EVs offers options
In 2024, Chevrolet expects greater EV availability as more trim levels of the Silverado and Blazer go into production and the Equinox arrives......»»
GM, Ford vehicles to lose U.S. EV tax credits Jan. 1
GM said it expects the Lyriq and Blazer EV will regain eligibility in early 2024. Ford Motor said its E-Transit will lose the $3,750 tax credit on Jan. 1, as will the Mach-E and Lincoln Aviator Grand Touring plug-in hybrid......»»
GM, Ford vehicles to lose US EV tax credits Jan. 1
GM said it expects the Lyriq and Blazer EV will regain eligibility in early 2024. Ford Motor said its E-Transit will lose the $3,750 tax credit on Jan. 1, as will the Mach-E and Lincoln Aviator Grand Touring plug-in hybrid......»»
Rivian lands pilot deal to supply EVs to AT&T
AT&T said it expects to start adding Rivian electric commercial vans, R1T pickup trucks, and R1S SUVs in its fleet in early 2024. The companies did not disclose details or financial terms......»»
Unproven AI face scans may estimate age for porn access in UK
UK expects to finalize its latest plan to age-gate the Internet in early 2025. Enlarge (credit: Aurich Lawson | Getty Images) AI face detection now counts among the tools that could be used to help adult sites effectivel.....»»
iPhone assembler Foxconn expects strong sales for the holiday quarter
iPhone assembler Foxconn had already predicted “significant growth” during the holiday quarter, but now says that October and November have been even stronger than expected. The company told investors that its November revenue hit T$650 billio.....»»
Hearst’s unexpected video game acquisition is great news for Wordle fans
Hearst Newspapers is taking a bite out of the New York Times' puzzle pie by acquiring its best competitor, Puzzmo......»»
IBM releases 1,000+ qubit processor, roadmap to error correction
Company now expects useful error-corrected qubits by the end of the decade. Enlarge / The family portrait of IBM's quantum processors, with the two new arrivals (Heron and Condor) at right. (credit: IBM) On Monday, IBM a.....»»
IBM adds error correction to updated quantum computing roadmap
Company now expects useful error-corrected qubits by the end of the decade. Enlarge / The family portrait of IBM's quantum processors, with the two new arrivals (Heron and Condor) at right. (credit: IBM) On Monday, IBM a.....»»
GM says EVs won"t be losing money for long
General Motors expects its EVs to bring in more money than they cost to build by late 2024 and have mid-single-digit EV margins in 2025, including the benefit of federal tax credits, CFO Paul Jacobson said......»»
Nvidia CEO: US chip independence may take 20 years to achieve
US may take twice as long as Biden expects to build its own chip supply chain. Enlarge / Founder and CEO of NVIDIA Jensen Huang speaks during the New York Times annual DealBook summit on November 29, 2023, in New York City. (cred.....»»
Polestar trims delivery forecast, halves margin target
Polestar expects to achieve a gross margin of 2 percent in 2023, down from its prior 4 percent forecast......»»
Apple admits third-party App Stores in Europe are inevitable
Apple's latest financial filings show that the company expects to be forced into allowing third-party App Store across Europe, starting in 2024.Following the passing into law of its Digital Markets Act, the European Union has previously told Apple th.....»»
Mazda targets U.S. sales record as profits surge
Mazda expects high-margin crossovers such as the CX-50 and CX-90 to power it to record profits this fiscal year and all-time high sales in the U.S......»»
Apple expects strong Mac growth but wearable deceleration in the holiday quarter
Economic conditions and product release schedules caused the 34% Mac revenue decline year-over-year, but similar effects are expected to cause strong Mac growth in the holiday quarter.Mac expected to see growthSupply chain issues in 2022 led to a Mac.....»»
Bloomberg’s latest expectations of Apple’s Scary Fast event
With just the weekend to go before Apple’s Scary Fast event, Mark Gurman has provided a final (?) roundup of everything he expects to be announced. The headline news, of course, is expected to be new MacBook Pro models with M3 Pro and M3 Max chi.....»»
Acquiring green firms can be healthy for a firm"s bottom line, says new research
There is some good news for companies looking to add to their green credentials. According to a new Concordia-led study, when firms acquire businesses specializing in green technologies or green brands, the buyer usually sees positive stock market re.....»»