BorgWarner Q1 profits take a hit from electrification R&D, inflation
BorgWarner Inc. executives are expecting a boom in the electrification business but not before e-products put some strain on its profitability. The supplier saw first-quarter sales of $4.2 billion, up 8 percent from a year ago, and net earnings of.....»»
Mercedes’ electric eSprinter isn’t just greener, it’s better
Mercedes' latest cargo van proves that electrification isn't just for cars......»»
NADA"s outgoing chairman takes issue with federal regulations, potential impact of Chinese EV brands
Geoffrey Pohanka, outgoing chairman of the National Automobile Dealers Association, said he is very concerned about the industry's rapid transaction to electrification......»»
Mitsubishi seeks products from partners as profits fall on incentives
Mitsubishi says it wants to tap alliance partners to source new vehicles to flesh out its North American lineup as the Japanese carmaker books falling profit on higher incentives......»»
Google earnings: 100 million Google One subscribers, Google Cloud profits
We highlight the interesting numbers from Google's earnings call. Alphabet's earnings call was yesterday, and as usual, the company took in a lot of money ($86.31 billion), thanks mostly to ad click-through rates being at a certain.....»»
Aptiv Q4 profits soar to $905M amid increased production; Company will stop funding AV startup
The company posted revenue of $4.9 billion and net income of $905 million in its fourth-quarter earnings report amid easing supply side constraints and increased vehicle production......»»
Federal Reserve leaves interest rates unchanged, says more "confidence" needed in inflation slowdown before cuts
For the auto industry, interest rates remain top of mind for franchised dealerships......»»
Tesla profits, margins slip in Q4 as revenue inches higher
The company reported a gross margin of 17.6 percent for the three months ended December, compared with 23.8 percent a year earlier......»»
Tesla"s Q4 earnings to focus on profits, pricing, future product and Musk"s CEO compensation
The EV maker is coming off record fourth-quarter sales after deep price cuts. But investors worry about falling margins, delays in new products and Musk's desire for a bigger stake in the company......»»
Employers should use skill-based hiring to find hidden talent, address labor challenges
A concerning trend known as qualification inflation has been plaguing hiring practices for years. Qualification inflation—also known as degree inflation—refers to the growing number of employers requiring degrees and extensive experience for jobs.....»»
Automakers ask Treasury for leniency in EV tax credit"s battery sourcing rules
In public comments submitted Thursday, the Alliance for Automotive Innovation urged the Treasury to make permanent certain leeways aimed at easing the industry's compliance with an Inflation Reduction Act provision that blocks an up-to-$7,500 consume.....»»
Bosch to cut 1,200 jobs in software unit on self-driving lag
Bosch said a weak economy and high inflation, caused among other things by increased energy and commodity costs, are currently slowing down the transition to autonomous driving......»»
Stellantis N.A. COO Mark Stewart named CEO of Goodyear Tire
Mark Stewart oversaw record profits for Stellantis’ North American business in 2022. Stellantis announced his departure early Tuesday. .....»»
Stellantis N.A. COO Mark Stewart to be named CEO of Goodyear, report says
Stewart, a native of Alabama, oversaw record profits for the company’s North American business in 2022. Stellantis announced his departure early Tuesday. .....»»
What"s stopping US climate policies from working effectively?
In an effort to reduce greenhouse gas emissions and curb global warming, the U.S. has enacted several ambitious federal laws, such as the Inflation Reduction Act (IRA) passed in 2022 and the Infrastructure Investment and Jobs Act (IIJA) of 2021......»»
Apple profits rise 550% in South Korea
Apple generated over five times more profit from South Korea in its fiscal year ending September 2023 than it did the year before, from roughly the same net sales as the last two years.National Assembly of the Republic of South KoreaAscribing the inc.....»»
Child abusers are covering their tracks with better use of crypto
“Mixers” and “privacy coins” like Monero enable them to launder profits, stay online. Enlarge (credit: Naufal MQ via Getty Images) For those who trade in child sexual exploitation images and videos in the darkest.....»»
Subaru plans to leapfrog ahead in EV race with new R&D and design center
Subaru is readying a massive shift to EVs in four years and is betting on this newly opened, state-of-the-art global R&D and design center to slash costs and lead times in its quest to leapfrog ahead in the global electrification race......»»
Many SMBs are still struggling with inflation costs
Digital health is pretty poor in the UK, but businesses are still struggling with inflation when it comes to digital spend......»»
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.....»»
Novel electrification strategy enhances low-temperature NOx removal
Prof. Zhang Jian's group from the Ningbo Institute of Materials Technology and Engineering of the Chinese Academy of Sciences, cooperating with Prof. Zhang Zhaoliang's group from University of Jinan, has developed a novel electrification strategy to.....»»