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.....»»
Cosmic microwave background experiments could probe connection between cosmic inflation, particle physics
Various large-scale astrophysical research projects are set to take place over the next decade, several of which are so-called cosmic microwave background (CMB) experiments. These are large-scale scientific efforts aimed at detecting and studying CMB.....»»
Russia releases former BorgWarner exec Paul Whelan and Wall Street Journal reporter in multinational prisoner swap
Whelan, a former Marine and BorgWarner manager, was arrested in Moscow in December 2018. He was found guilty of spying in 2020 and sentenced to 16 years in prison in 2020. .....»»
Russia agrees to release former BorgWarner exec Paul Whelan and Wall Street Journal reporter in prisoner swap, report says
Whelan, a former Marine and BorgWarner manager, was arrested in Moscow in December 2018. He was found guilty of spying in 2020 and sentenced to 16 years in prison in 2020. .....»»
Russia releases former BorgWarner exec Paul Whelan and Wall Street Journal reporter in prisoner swap, report says
Whelan, a former Marine and BorgWarner manager, was arrested in Moscow in December 2018. He was found guilty of spying in 2020 and sentenced to 16 years in prison in 2020. .....»»
BorgWarner looks to save $100M in EV restructuring
BorgWarner Inc. is aiming to save $100 million over the next couple of years as it cuts head count and spending for its e-products division in response to weak market demand......»»
Federal Reserve leaves interest rates unchanged again
The Federal Reserve opted against changing its benchmark rate during its July meeting, attempting to restrict future inflation for consumers but leaving them receiving higher interest rates than they might like on financed purchases like vehicles......»»
Microsoft employees are set for a tasty bonus following record profits
Token gesture following an excellent performing quarter shows a company on the back foot following its latest round of layoffs in June......»»
Sports partnerships with not-for-profits show lackluster results, study finds
Partnerships between professional sports teams and not-for-profit organizations (NPOs) are often weakened by power imbalances, informality and a lack of strategic intent, according to new research led by RMIT University......»»
Detroit 3 financials ‘disappointing" as challenges mount
Second-quarter results for GM, Ford and Stellantis reflect a bumpy road as they juggle costly EV plans while managing profits on gasoline and hybrid models in an uncertain market environment......»»
Threat of slimmer used-car profits, supply allows for little slack in 2024, dealers say
Franchised dealership and auto retail group leaders spoke with Automotive News in June and July about used-car market certainties and uncertainties in 2024......»»
Stellantis to reduce output, cut prices after earnings plunge on weak U.S. results
Stellantis is counting on lower production, price cuts and new model launches to reverse plunging profits......»»
Tesla to report Q2 earnings amid falling sales, hopes for a robotaxi future
To counteract falling sales in major markets including the U.S., Tesla has offered a series of price cuts and incentives, including subsidized financing and lease deals that could dig into second-quarter profits, analysts said......»»
Auto repossessions surge 23% in U.S. during first half of 2024 as Americans fall behind on payments
With high interest rates and inflation hitting household budgets, the spike in seizures provides a window into the average consumer’s financial health at a key time for policymakers......»»
Why Suzuki is leaning on partner Toyota for hybrids, software
Suzuki will lean on partner Toyota for electrification and software technology as the small-car specialist rolls out a strategy for smaller, lighter and less costly vehicles......»»
Research evaluates strategy for supply chains under pressure
Recent upheavals in the global market have put supply chains under immense pressure, and the logistics and road transportation sectors are struggling to keep pace with geopolitical tensions, rampant inflation, and the rising demand for sustainability.....»»
Service departments weigh benefits, drawbacks of recouping credit card fees from customers
As dealer profits fallfrom pandemic highs, a growing number of retailers are considering a controversial tactic to help offset one of their top monthly costs: surcharges on credit card transactions in the service lane......»»
Connected cars are supposed to generate lots of revenue. So far, they have not.
The automotive industry is still sorting out the details as it seeks to reap profits from the data generated and gathered through the car......»»
New discovery boosts bioethanol production efficiency and profits
A new technique to monitor contamination in bioethanol production could increase revenue by more than $1.6 billion USD and reduce CO2 emissions by 2 million tons......»»
BorgWarner names new COO, restructures business units
BorgWarner Inc. has named a new COO and plans a restructuring of its business units, both of which take effect on July 1......»»
Nissan"s Jeremie Papin to retailers: Throughput is on the way
Nissan Americas Chairperson Jeremie Papin says redesigned sheet metal, product-focused advertising and a supply better aligned with demand will drive foot traffic and profits to dealerships......»»