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.....»»
Toyota downgrades EV forecast in quest of record profits; quarterly net income nearly triples
Riding an upswing in all-time-high quarterly earnings, Toyota downgraded its outlook for EV sales but lifted its forecast for record earnings in the full fiscal year, expanding on an earlier outlook that already called for record-level profits......»»
Sonic Automotive Q3 net income drops 22% amid record revenue
Sonic's third-quarter net income fell amid softer average gross profits on new- and used-vehicle sales and as losses continued for its EchoPark used-vehicle-only brand, though the auto retailer posted record third-quarter revenue......»»
The true costs of corn
A model examines farmers' profits and the health and environmental costs of growing corn in the US Midwest, where about 20% of the world's corn is grown. Corn farming involves applying fertilizer or manure to provide the crop with nitrogen, a vital n.....»»
Nissan considers electrification to spark its pickup fortunes
Nissan is said to be exploring a lightweight electric pickup that could come to market at the start of the next decade......»»
Mazda riding a wave in pursuit of 500,000 sales
Mazda is reaping the benefits of a major brand transformation it started in 2016, including new dealer facilities, hot products, a dedicated captive and reasonable plans for electrification......»»
iPhone 15 fails to save TSMC from lowest profits in five years
Apple's iPhone processor manufacturer TSMC has posted its greatest drop in profits since 2019, despite the quarter ending with the release of the iPhone 15 range.Ahead of its July 2023 earnings report, analysts had correctly predicted that TSMC's pro.....»»
Tribotronics: Promising prospects in the development of new functional devices and self-powered microsystems
Formed by the coupling effect of contact electrification and electrostatic induction, triboelectric nanogenerators (TENG) effectively convert the most widely distributed micro-nano energy in our environment, including human motion, breeze, vibration,.....»»
“Netflix effect” is back as studios license old shows to competitors again
New audiences for Suits and Ballers, but licensing costs may squeeze profits. Enlarge (credit: Getty Images | Rene Wassenbergh | EyeEm) Some of Netflix’s competitors are reversing a streaming war tactic by licensing t.....»»
UAW strike could upend GM, Ford financial strategies as Q3 reports loom
GM will report third-quarter results Oct. 24, with Ford following on Oct. 26. GM has already telegraphed a $200 million hit to third quarter profits from strike-related costs......»»
How do you crash-test an EV with an 871-pound battery? Mercedes showed us
Mercedes-Benz staged a public crash test with two EVs to show that electrification isn't compromising safety......»»
Gotion inks real estate deal for Illinois plant, but hurdles remain
Project will benefit from provisions in the Inflation Reduction Act and other rules the U.S. has promulgated to incentivize local lithium battery production, Gotion said in a statement......»»
Google search payment makes up 14-16% of Apple’s profits; if that’s banned, what then?
The Google search payment – the annual amount Google pays to Apple in return for being the default search engine in Safari – reportedly makes up 14-16% of the Cupertino company’s total profits. With that payment now threatened by the antitru.....»»
Inflation barely dents spending of US teens; iPhone and Apple Watch still a priority
A new report says that the impact of inflation made only a tiny dent in the spending of US teens, but that an iPhone and Apple Watch remain top priorities. Investment banking giant Piper Sandler has shared the results of its latest large-scale sur.....»»
Gotion inks real estate deal for Illinois plant but hurdles remain
Project will benefit from provisions in the Inflation Reduction Act and other rules the U.S. has promulgated to incentivize local lithium battery production, Gotion said in a statement......»»
With bid for Vitesco, Schaeffler confronts EV transition
Schaeffler, already the main shareholder in Vitesco and Continental, will add electrification expertise and more scale to manage its declining combustion-engine business......»»
“€25m Profit” Pirate IPTV Group Dismantled, 10 Arrested, 12 Vehicles Seized
Greek police say they have dismantled a criminal organization behind an illegal IPTV operation that caused broadcasters over €100m in losses. Over eight years it's alleged the operators generated over €25 million in profits, laundered money throu.....»»
Too much of a good thing? Banks enjoying high returns in favorable times could be "warning sign"
Banks reporting high profits in good times could be taking greater risks with their portfolios that lead to bigger trouble in a future downturn, according to a study co-authored by a University of Michigan researcher and others with past affiliations.....»»
Cybersecurity budgets show moderate growth
Despite the economic uncertainty and inflation, security budgets generally continued to rise but at a lower rate than prior years, according to new research from IANS and Artico Search. Security budgets increase by 6% in 2023 Respondents reported an.....»»
UK cost-of-living crisis set to increase early deaths: study
The UK's inflation-fueled cost-of-living crisis is set to "cut lives short" and "significantly widen the wealth-health gap", according to a study published by open access journal BMJ Public Health on Monday......»»
Mercedes applies for tax relief for projects at two U.S. plants
German carmaker Mercedes-Benz MB has applied for tax breaks for potential projects at two of its U.S. plants under the Inflation Reduction Act (IRA), a company spokesperson said Monday......»»