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.....»»
Google accused of secretly tracking drivers with disabilities
Google recklessly violated privacy laws to spike ad profits, lawsuit says. Enlarge (credit: Jose A. Bernat Bacete | Moment) Google needs to pump the brakes when it comes to tracking sensitive information shared with DMV.....»»
I’m an Economist: Here Are My Predictions for Inflation If Trump Wins
I’m an Economist: Here Are My Predictions for Inflation If Trump Wins.....»»
I’m an Economist: Here Are My Predictions for Inflation If Biden Wins Again
I’m an Economist: Here Are My Predictions for Inflation If Biden Wins Again.....»»
New study challenges conventional wisdom that Americans are "pocketbook voters"
A new study that examined voting in the 2022 United States congressional elections shows that views on abortion were central to shifting votes in the midterm elections. Despite severe inflation and grave concerns about deteriorating economic conditio.....»»
Magna Steyr, despite Fisker woes, remains bullish on EVs
Magna Steyr remains bullish on electrification, despite slowing consumer demand for electric vehicles and regardless of Fisker’s decision to cease production at the contract manufacturer’s facility in Austria......»»
Fired dealership group VP says in lawsuit he wasn"t paid promised $80,000 monthly salary
A fired Southern California dealership group vice president has sued Dalia Auto Group and its CEO Alam Khan, alleging he was not paid his $80,000 monthly salary plus 25 percent of the company's net profits......»»
Toyota tops supplier scorecard
Five of six automakers tracked by Plante Moran in its annual supplier Working Relations Index study improved their scores, even as changes in electrification plans and tensions over pricing continue to be a pain point......»»
Some EV startups have gone bankrupt. More are likely to follow suit
EV startups are dealing with bankruptcies, phenomenal cash burns and an uncertain path to profits......»»
Bankruptcies, cash burn and uncertainty mark latest phase for EV startups
EV startups are dealing with bankruptcies, phenomenal cash burns and an uncertain path to profits......»»
Mazda profits zoom to records on CX-90, hybrid uptake, foreign exchange rates
Mazda reaches record profits thanks to the popularity of its large platform CX-90 crossover and uptake of hybrids, but the Japanese carmaker is bracing for headwinds this year......»»
No Price Hikes: Dish guarantees your cable price for 2 years
Dish is the most inflation-proof entertainment system with two years of guaranteed price lock in......»»
NADA Academy preps future dealership owners, staff for changing times
Through in-person and online classes, the National Automobile Dealers Association trains dealership staff and future owners to face an industry challenged by consolidation, inflation and the perils of new technology......»»
5 key takeaways from Toyota"s record earnings report
Under first-year CEO Koji Sato, Toyota reported a blockbuster fiscal year of records, from sales to profits. Here are five top takeaways from the automaker's earnings conference......»»
Earnings at Continental, Vitesco slump in Q1, mirroring broader auto declines
Continental swung to a loss amid delays in new programs, lower production volumes in Europe, and salary and wage inflation......»»
Apple profits surge as consumers choose pricier iPhone storage options
Amidst plateauing iPhone sales, Apple's enhanced storage upgrade options have emerged as a significant profit driver.Apple profits surge as consumers choose pricier iPhone storage optionsApple has long leveraged the strategy of encouraging iPhone use.....»»
Toyota CEO Sato leads automaker to record profit, sales, production
Toyota reported record quarterly sales and record profits, but warned earnings will retreat in the current year as it takes a break from hectic expansion and invests in next-generation EVs, software and AI......»»
From scandals to slowdown, Toyota faces these top five challenges as it pursues record profits
Toyota expects stellar results in its fiscal-year earnings announcement on May 8, from record sales to record profits. But there could still be some wobbles in the final report, including guidance on whether it can keep up its red-hot pace......»»
Amid electrification shift, Aston Martin redesigns V-12 engine
The British brand said the redesigned engine will first appear in an unnamed new flagship model that is set to debut in 2024......»»
BorgWarner generates higher revenue, earnings as demand grows for hybrids
Detroit automakers such as GM have plans to bring back hybrids to the market, feeding customer demand for a bridge to all-electric powertrains. BorgWarner's CEO kept details around hybrid quoting activity close to the vest......»»
Scientists" new approach in fight against counterfeit alcohol spirits
In the shadowy world of counterfeit alcoholic spirit production, where profits soar and brands are exploited, the true extent of this illegal market remains shrouded......»»