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.....»»
Design products that make an impact
Look beyond the bottom line to marry company and consumer values. Profits follow purpose.Read Full Story.....»»
Spotify raising premium plan prices in US to try to stay profitable
After years of on-again off-again profits and losses, Spotify is raising its subscription price for U.S. subscribers by $1 in hopes of staying in the black.Credit: SpotifyWhile the change hasn't been announced yet, the cost of Spotify's ad-free premi.....»»
Does a ‘just right" scenario for an EV transition exist?
The head of the Alliance for Automotive Innovation said moving too fast or too slow on electrification risks handing China an advantage. Other EV stakeholders and climate advocates aren't so convinced......»»
TSMC profits fall but the iPhone 15 will help it rebound
Apple supplier TSMC is expected to report a drop in profits soon, but business will recover in the third quarter because the company is producing the iPhone 15.TSMC profits are expected to decline year-over-yearOn Thursday, Taiwan Semiconductor Manuf.....»»
Musk admits advertisers haven’t returned to Twitter, ad revenue down 50%
Twitter has negative cash flow despite Musk predicting profits last quarter. Enlarge (credit: Getty Images | NurPhoto ) Twitter-owner Elon Musk says the company is still losing money because advertising revenue is down 5.....»»
When charities engage in "brand activism", research shows they must demonstrate bravery to attract donations
Charities often rely on "warm and fuzzy" images and "poverty porn" tactics to attract donations. But in recent years, some UK not-for-profits have shifted towards activism-driven campaigns......»»
Ransomware attacks have spiked massively. Here’s how to stay safe
Criminal gangs are raking in huge profits from ransomware attacks compared to 2022, but other methods have seen precipitous drops in revenue. What’s going on?.....»»
BorgWarner spinoff Phinia sees growth in ICE, alternative fuels
While the legacy company has eyes only for electric, the newly independent suburban Detroit supplier of fuel systems and aftermarket parts is unapologetically all in on gasoline and alternative fuels......»»
The true cost of food: High grocery prices are not the root issue, say researchers
Inflation and skyrocketing grocery bills are highlighting how the cost of food is impacting our wallets. Higher prices cost everyone more, but they make it most difficult for those with low incomes to meet their basic needs......»»
Dave the Diver: how to use Auto Supply
Don't let your valuable fish go to waste at the end of the night. Use Auto Supply to maximize profits without any waste in Dave the Diver......»»
Sentiment rises with debt ceiling resolution and slowing inflation, find surveys
Consumer sentiment lifted 9% in June, reaching its highest level in four months, a sign of greater optimism as inflation eased and policymakers resolved the debt ceiling crisis......»»
Climate Law Will Slash Emissions--Maybe Halving Them by 2035
Major climate models agree that the Inflation Reduction Act was a “huge step forward” in cutting U.S. emissions.....»»
Passage of Inflation Reduction Act of 2022 already found to be lowering US greenhouse gas emissions
A large team made up of academics and professionals in the private sector from across the U.S. has found that just a year after passage of the Inflation Reduction Act of 2022 (IRA), measurable drops in greenhouse gas emissions have occurred in the Un.....»»
Plex hit with layoffs as ad-supported streaming service fails to deliver profits for media server company
It’s been a tough week at Plex where the company has decided to let go of 20% of its workforce. Plex CEO Keith Valory blamed an unpredictable advertising market for the need to downsize. more… The post Plex hit with layoffs as ad-supported stre.....»»
2024 Mercedes-AMG S63 E Performance first drive review: high-performance plug-in
This 791-hp luxury sedan uses electrification to extend the life of the internal-combustion engine......»»
Eaton to invest $22.5M in Michigan electrification research lab
The 10,000-square-foot lab for testing of powered electronics and high-speed dynamometers represents another injection of jobs in Marshall, Mich., as Ford plans a $3.5 billion battery plant and create 2,500 jobs in the community......»»
VW maps out profit push with brands getting more autonomy
To increase margins in the face of growing competition and a costly electrification shift, VW Group will give its brands "performance programs," with management incentives tied to meeting targets......»»
BorgWarner acquires EV charging business in Italy for about $80 million
The acquisition target is expected to generate about $27 million in revenue this year, and BorgWarner expects to grow sales to $273 million by 2027......»»
Climb in consumer food spending signals continued inflationary pressure
Reported food spending has increased to its highest level since the Consumer Food Insights Report began surveying in January 2022, possibly leaving consumers feeling little relief from inflation......»»
Fed holds rates steady but sees two small hikes by end of year
The higher rate outlook coincides with an improved view of the economy and, consequently, slower progress in returning inflation to the central bank's 2 percent target......»»