Ennostar expects 4Q21 revenues to slip by less than 10%
Ennostar expects fourth-quarter 2021 consolidated revenues to drop by less than 10% mainly because robust demand for mini LED backlighting and car-use LED devices remains, despite the period being a traditional off season, according to the company......»»
Lithia Motors enters north Florida, buys 3 dealerships
Lithia expects the stores to add more than $200 million in annual revenue......»»
Kuo: iPhone 16 sales demand expected to be mostly flat compared to iPhone 15
Supply-chain analyst Ming-Chi Kuo this morning posted his latest estimates for iPhone 16 shipments, ahead of Apple’s event later today where the new iPhone 16 lineup will be finally unveiled. Kuo expects iPhone 16 shipments for 2024 to be about.....»»
Now an established luxury brand, Genesis is refining strategy to win loyal customers
Hyundai's premium brand expects more growth on strong product, new dedicated dealerships and a focus on loyalty......»»
A new iPad mini 7 may be close -- what the rumor mill says is coming
Apple is rumored to be just weeks away from introducing an updated iPad mini. Here's what the rumor mill expects what features it will have, and what it probably wont.iPad mini 6The last update to the iPad mini was in September 2021, making it close.....»»
Polestar posts $242M loss amid EV demand slowdown
The automaker expects the Polestar 3 and 4 will help boost sales in the second half of the year, particularly in the last few months when demand for the two premium crossovers should grow......»»
iPhone 16 will lead Apple to record high $400 billion revenues in 2024
Apple is now expected to exceed $400 billion in annual revenue in 2024, with this record high driven by all of its hardware such as the iPhone, plus another record high for Services.Renders of the iPhone 16 rangeIt's estimated that when Apple was inc.....»»
Hyundai turns to new hybrid tech to power growth amid "slowdown" in EV demand
Hyundai is leaning heavily into hybrids, citing ‘the recent slowdown’ in EV demand, and expects its sales of the gasoline-electric vehicles to more than double as it rolls out new electrified powertrain technologies and extends them to the Genesi.....»»
VW scales back plans for battery cell plants in Europe, North America
VW expects to start production next year at a new gigafactory in Germany, but said it may take longer to scale up battery cell capacity at plants in Spain and Canada......»»
Dodge"s challenge: Get Hellcat buyers to shell out for EVs
Dodge CEO Matt McAlear expects the upcoming Charger Daytona EV to convert some muscle car owners while drawing in new consumers intrigued by zero-emission technology......»»
Ford recalls more than 90,000 police Explorers over engine fire risks
Immediate cause of failures remains unclear; Ford expects to have remedy parts by 2025......»»
Rivian pauses output of Amazon’s EV delivery van on parts shortage
The temporary stoppage began earlier this month at its factory in Normal, Ill., Rivian said. The EV maker declined to specify which components were in short supply, but said it expects to recover all missed production. .....»»
Cisco confirms major job cuts as revenues fall
Major cuts are the second such action for Cisco in 2024......»»
Google abruptly shuts down AdSense in Russia as tensions with Kremlin escalate
Russia-based YouTubers, in particular, will likely lose significant revenues. Enlarge (credit: Gary Hershorn / Contributor | Corbis News) Google announced Monday that it's shutting down all AdSense accounts in Russia due.....»»
American Axle more than doubles Q2 net income but warns of R&D, product launch costs
American Axle struck deals with European automakers, but it expects increased volatility as it prepares for ramp-up costs......»»
15,000 Intel job cuts announced, with Apple and Microsoft key factors in the decline
Some 15,000 Intel job cuts have been announced by the company, as it implements a $10B cost-reduction program to try to resolve its financial difficulties. Intel CEO Pat Gelsinger told employees that revenues have not grown in the way the company.....»»
Seating supplier to cut jobs in Detroit after truck discontinuation
Bridgewater Interiors LLC is planning to lay off 63 employees at its Detroit plant after Stellantis NV discontinues the Ram 1500 Classic. The seating supplier said it expects to make the permanent cuts by the end of September, according to a WARN.....»»
Apple reports record revenues despite stagnant iPhone sales
CEO Tim Cook spent much of the earnings call hyping Apple Intelligence. Enlarge / Apple CEO Tim Cook. (credit: Lionel Hahn/Getty Images) Apple reported its earnings results for the third quarter of the 2024 fiscal year,.....»»
Meta’s next AI model to require nearly 10 times the power to train
Mark Zuckerberg expects the compute requirements for next year's Llama 4 to be "10 times" that of last month's Llama 3......»»
Hyundai gains 4% while Toyota, Kia slip in July; overall market expected to rise
The U.S. light-vehicle market rose 1 to 3 percent in July, analysts said, as many dealers recovered from the CDK cyberattacks that knocked new-car sales offline in late June......»»
Analysts expect modest growth in today’s AAPL Q3 2024 earnings report
AAPL Q3 2024 earnings will be revealed by the company later today, and Wall Street expects the company to report modest year-on-year sales growth of 2.3%. As is now standard, Apple didn’t offer any official revenue guidance for the quarter, but.....»»