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.....»»
Justin Trudeau blasts Facebook for blocking news as Canada"s wildfires rage
Canadian Prime Minister Justin Trudeau blasted Facebook for "putting corporate profits ahead of people's safety" as the social media platform continues to block news content while wildfires rage in Canada's Northwest Territories and British Columbia......»»
Foxconn predicts decline in iPhone demand
Foxconn's parent company Hon Hai says it expects iPhone and other smartphone sales to contract overall in 2023, following its latest earnings report.A Foxconn facilityWhile Foxconn most recently reported its biggest quarterly fall in profits in three.....»»
Volvo, Polestar go all-in on EVs; JLR mixes it up
JLR will invest $19 billion in the next five years, primarily in electrification......»»
Aptiv expects semiconductor prices to remain high
While supply-chain challenges are easing, Aptiv is still concerned that high prices of certain parts will decrease profits......»»
Honda profits surge in latest quarter on booming U.S. sales
Honda's U.S. deliveries jumped 45 percent to 347,000 vehicles in the last quarter, but demand in China was down 5 percent to 309,000 units, while sales in Europe declined 13 percent to 20,000 vehicles......»»
Lucid Motors slashes price of Air sedan
Rising interest rates to curb inflation and fears of recession have dampened consumer demand, prompting market leader Tesla to slash prices this year......»»
Crucial role of hobbyists in keeping bee industry buzzing
The interactions between hobbyist and commercial beekeepers can enhance "honey value add," industry profits and knowledge around beekeeping in Western Australia......»»
Lucid Motors slashes price of Air sedan as EV price war grows
Rising interest rates to curb inflation and fears of recession have dampened consumer demand, prompting market leader Tesla to slash prices this year......»»
The Fungi Economy, Part 1: Just Like Us, Trees Are Experiencing Inflation
Like us, plants and fungi have complex economies. By burning fossil fuels, we’ve been devaluing their currency......»»
BorgWarner Q2 revenue rises amid spinoff, acquisitions
BorgWarner's net earnings fell 5.5 percent to $204 million, but operating income surged 40 percent to $383 million from last year......»»
Q2 new-car gross profits drop for 6 public auto dealers
Five of the six major publicly traded franchised dealership groups described double-digit percentage declines on new-car gross profits in the second quarter as inventories grew and rising interest rates cut into shoppers' buying power......»»
Detroit 3"s EV growing pains temper big Q2 profits
While GM, Ford and Stellantis continue to make billions from gasoline-powered trucks and SUVs, their electrification goals are proving harder than expected to reach......»»
Gentex profits surge in Q2 as component shortages ease
Gentex's earnings are generally considered a quarterly predictor for other suppliers' results......»»
Dana sees strong Q2 profits
Auto supplier Dana Inc. said net income rose strongly in the second quarter, offset somewhat by currency headwinds, customer demand volatility and supply chain disruptions......»»
Billions in conservation spending fail to improve wild fish stocks in Columbia Basin
Four decades of conservation spending totaling more than $9 billion in inflation-adjusted tax dollars has failed to improve stocks of wild salmon and steelhead in the Columbia River Basin, according to Oregon State University research......»»
Food crisis in Africa: The high cost of imported fertilizers is adding to the problem
Global fertilizer suppliers have made incredibly high profits in 2022/23 on the back of price spikes attributed to the Russia-Ukraine war. The profits of the world's top nine producers trebled in 2022 from two years previously......»»
Stellantis" first-half profits and revenue rise as supply issues ease
Stellantis will have to accelerate cost cuts to keep profitability strong in a more challenging pricing environment, CEO Carlos Tavares said......»»
Scientists develop tool to predict dam removal costs by analyzing 55 years of past removals
Scientists have analyzed more than 650 dam removal projects over 55 years in the United States totaling $1.52 billion inflation-adjusted dollars to develop a tool to better estimate the cost of future dam removals......»»
Plastic Omnium reports strong first-half growth, but profits fall 4%
Plastic Omnium said revenue increased 35 percent through June, as the supplier anticipates price battles among automakers as they deal with a slowdown in EV orders, particularly in Europe. Net income fell 4 percent......»»
Fad food products: Good for profits, not necessarily health
The search for healthier food options combined with an increase in nutrition-related diseases has given rise to nutrition fads such as eating gluten-free, taking supplements and adopting restrictive diets. This, in turn, has produced fad products tha.....»»