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.....»»
Suppliers to pitch electrification, software capabilities at CES
Parts makers at CES this year plan to exhibit their progress in becoming automakers' suppliers of choice in the growing fields of electrification and vehicle software......»»
Christmas consumption: What would the great economic philosophers think?
Even during a cost of living crisis, with interest rates and inflation high, the average spending per person for Christmas 2023 in the U.K. is expected to reach as much as £974. Retailers, advertisers and a sense of tradition continue to encourage u.....»»
Inflation Reduction Act in 2023: A year of crucial guidance for automakers, car dealers, EV stakeholders
Here's a timeline of some of the biggest moments from 2023......»»
Study unveils hidden driver of economic volatility: Central bank discretion
In the last article of his prolific career, the late Marvin Goodfriend, who held the Allan H. Meltzer Professorship of Political Economy at Carnegie Mellon's Tepper School of Business and was a lifelong student of inflation and central bank policy, i.....»»
Forvia details EV parts strategy amid inflation, sales murkiness
Forvia is looking to design innovative parts that make vehicles greener while keeping costs contained and making the right investments globally. It's a tricky balancing act to pull off......»»
Apple faces antitrust criticism for blocking Beeper Mini: ‘Protecting profits by squashing competitors’
Last week, Beeper Mini debuted as a way to bring iMessage to Android, without having to hand over your Apple ID credentials. A few days later, Apple made a change that stopped Beeper Mini from working – and it promised to continue doing so. App.....»»
Mazda not ready to bet on EVs but says more plug-ins for the US market
Mazda is planning 7 or 8 new EVs, but not until the end of the decade. Enlarge (credit: Mazda) Electrification is a big challenge if you're a small automaker. And Mazda is a small automaker, one that's in danger of bein.....»»
Can tax credit rules drive EV adoption and spur U.S. battery supply chain?
Strict eligibility requirements in the Inflation Reduction Act's tax credit for new-EV purchases seek to encourage a transition to EVs and build up a domestic battery supply chain. But achieving one goal could hinder the other......»»
Ransomware in 2024: Anticipated impact, targets, and landscape shift
As ransomware continues to be on the rise, we can expect groups to continue to evolve their attacks and operate at a larger scale for bigger profits. This will put organizations at higher risk if they don’t adopt a more aggressive security strategy.....»»
The Morgan XP-1 is an extremely eccentric English electric vehicle
The three-wheel convertible EV weighs little so should actually be quite efficient. Enlarge / The British car company Morgan is unashamedly throwback in many regards, but it hasn't forgotten about electrification. (credit: Morgan.....»»
BorgWarner CFO Kevin Nowlan to retire; Craig Aaron up next
Craig Aaron, BorgWarner's vice president and controller, will succeed Kevin Nowlan, effective March 1. Nowlan will remain with the company in an advisory capacity through April 1......»»
Ford says UAW strike cut profits by $1.7B; new contract to cost $8.8B
Ford said the UAW's new contract would increase labor costs by $8.8 billion, or an average of $900 per vehicle in 2028......»»
Toyota reaps $2 billion from Denso sale to fund new technology
Toyota’s planned $2 billion sale of shares in its top supplier Denso cheers investors but also gives the automaker funds to develop an array of next-gen electrification and software tech......»»
Car dealers say they can’t sell EVs, tell Biden to slow their rollout
The US already lags far behind China and Europe, but we're going too fast, dealers say. Enlarge (credit: Aurich Lawson | Getty Images) Pity the poor car dealers. After making record profits in the wake of the pandemic an.....»»
The echoes from inflation could still be shaking the cosmos today
In the very early universe, physics were weird. A process known as inflation, during which the universe went from a single infinitesimal point to everything we see today, was one such instance of those weird physics. Now, scientists from the Chinese.....»»
Hyundai will sell vehicles on Amazon in 2024
Hyundai Motor CEO Jaehoon Chang said the partnership "unlocks incredible opportunities" for the automaker as it expands its lineup, grows the sales network and transitions to electrification......»»
Boosting profits for technology holders and licensees through game theory
Patents and licenses safeguard the intellectual property of the rights holder from being copied or sold without their permission. Companies and individuals who want to make use of the patented or licensed invention must make a formal request to do so.....»»
Honda lifts full-year earnings forecast on good foreign exchange, higher U.S. sales, better pricing
Honda's Executive Vice President Shinji Aoyama says a free-flowing supply of semiconductors is fueling production and sales while boosting profits......»»
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......»»
Low-income families "terrified for winter" as inflation stays high, according to research
Low-income families continue to be hardest hit by the cost of living crisis as inflation stays high, according to new research from the University of York......»»