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.....»»
Fed holds rates steady, flags "lack of further progress" on inflation
The Federal Reserve said it "does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably towards 2%.".....»»
6 public auto dealership groups challenged by inflation, lower profit per vehicle
Asbury, AutoNation, Group 1, Lithia, Penske and Sonic continue turning to acquisitions or growing service and parts operations for new revenue sources......»»
Does fighting inflation always lead to recession? What 60 years of NZ data can tell us
There is an ongoing global debate over whether the high inflation seen in the aftermath of the COVID-19 pandemic can be lowered without a recession......»»
Tesla profits drop 55% as Elon Musk dodges cheap car questions
Tesla spent $1 billion on GPUs even as its profit margins shrank by half. Enlarge / Tesla shares rose by almost 11 percent in premarket trading despite the disastrous financial results. (credit: CFOTO/Future Publishing via Getty.....»»
Researchers realize hydrogen formation by contact electrification of water microdroplets and its regulation
Direct utilization of water as a source of hydrogen atoms and molecules is fundamental to the evolution of the ecosystem and industry. However, liquid water is an unfavorable electron donor for forming these hydrogen species due to its redox inertnes.....»»
Solero Technologies, former BorgWarner controls unit, expands into Europe, EVs with acquisition
The acquisition of Kendrion's automotive business will double the company's annual revenue to about $500 million and open up new markets for the supplier......»»
Toyota"s building boom: Lexus R&D center, test tracks, a basketball arena and a headquarters tower
Toyota is undergoing a building boom in Japan, investing billions in new facilities that will arm the world's biggest auto manufacturer with new technologies and better facilities to compete in the age of electrification, software defined vehicles an.....»»
In the Face of U.S. Ban Threats, TikTok’s Parent Company is More Profitable Than Ever
The Chinese tech giant continues to rake in billions in profits. But a potential U.S. TikTok ban looms. While TikTok faces an uncertain future in the U.S., its Chinese parent company continues to rake in cash. On Wednesday, Bloombe.....»»
Toyota to pay its Japanese dealers support for every employee
Starting this month, Toyota will tap into its record profits to pay dealers in Japan a monthly stipend for every person they employ......»»
Will industry learn lesson from lean inventories?
Automakers pledged to maintain lower inventories for higher profits when the production crisis abated. As the industry approaches 3 million unsold vehicles, will the lessons from that time take root? Or be ignored?.....»»
Hyundai plans $51 billion investment in EVs, software-defined vehicles over 3 years
Hyundai is adding 80,000 new employees, including 44,000 new hires in electrification, SDVs and carbon neutrality......»»
Food prices will climb everywhere as temperatures rise due to climate change
Climate change, and specifically rising temperatures, may cause food prices to increase by 3.2% per year, according to a new study by researchers in Germany. As climate change continues to worsen, this price inflation will mean more and more people a.....»»
The top 5 stories of the week: Nissan"s wholesale push; EVs not turning profits
Here's a quick look at the top automotive stories of the week......»»
Higher temperatures mean higher food and other prices. A new study links climate shocks to inflation
Food prices and overall inflation will rise as temperatures climb with climate change, a new study by an environmental scientist and the European Central Bank found......»»
The more, the better? Why market share often has little impact on profits
How are profitability, market share, and the digitalization of a company connected? To get to the bottom of this question, the researchers developed a new profitability model based on over 6,000 cases from around 800 US companies from the last 25 yea.....»»
Farley, top Ford execs hit road to hear dealers" concerns
The tour comes as dealer trust levels within Ford have plummeted as the company faces continued quality woes and questions over its electrification strategy......»»
Cox: Dealers feel falling profits amid inventory growth, weaker market
Franchised dealers polled by Cox Automotive perceived their markets weren't improving — but weren't worsening — continuing to show the sourest sentiment since the heart of the COVID-19 pandemic in the U.S......»»
Climate change matters to more and more people, and could be a deciding factor in the 2024 election
If you ask American voters what their top issues are, most will point to kitchen-table issues like the economy, inflation, crime, health care or education......»»
Ten reasons why Canadians are still dissatisfied with the economy, despite the upswing
The COVID-19 pandemic is no longer a global emergency, Canada's GDP outperformed expectations in 2023, the economy seems to be heading for soft landing after a period of stagnation, inflation is winding down and unemployment has decreased to 5.7% in.....»»
7 Unique Strategies for Business Success in 2024
The wider economic landscape presents numerous challenges for all forms of business and industry. Currently, there are higher-than-normal levels of inflation in many developed and developing countries. This can create a situation where material and c.....»»