FCCL maker Taiflex to invest over NT$2 billion in capacity expansion
Taiwan's FCCL specialist Taiflex Scientific has disclosed plans to invest more than NT$2 billion (US$72 million) in expanding production capacities at its plants in China and Taiwan over the next two years......»»
CarNow eyes expansion, possible acquisitions after debt financing
CarNow, maker of digital retailing platforms for dealerships, plans to use $40 million in new debt financing to accelerate product development and pursue further market expansion......»»
Toyota will spend $1.4 billion to build electric 3-row SUV in Indiana
This is a different new 3-row EV from the one Toyota will build in Kentucky. Enlarge / This Toyota factory in Indiana is getting a $1.4 billion investment so it can assemble a new three-row electric SUV for the automaker. (credit.....»»
Honda to spend $11 billion on four EV factories in North America
The new facilities are in addition to the previously announced EV hub in Ohio. Enlarge / Honda is investing CAD$15 billion (US $11 billion) to expand EV manufacturing in North America with four sites in Ontario, Canada. (credit:.....»»
The Mars Sample Return mission has a shaky future, and NASA is calling on private companies for backup
A critical NASA mission in the search for life beyond Earth, Mars Sample Return, is in trouble. Its budget has ballooned from US$5 billion to over $11 billion, and the sample return date may slip from the end of this decade to 2040......»»
Toyota invests $1.4 billion in Indiana plant for large EV
The investment will add 340 jobs and a new battery pack assembly line, but details signal that either the Toyota Sienna or Toyota Highlander will become a full EV in 2026......»»
VinFast founder commits $1 billion as EV maker bleeds cash
Vietnamese billionaire Pham Nhat Vuong pledged to invest at least another $1 billion of his personal wealth into VinFast Auto Ltd., providing the capital needed for expansion of the struggling electric vehicle maker......»»
Asbury Q1 net income slips 19%; $4.2 billion in revenue sets record
Asbury Automotive Group produced $147.1 million in net income during the first quarter, down 19 percent from a year earlier as falling profit margins offset rising vehicle sales and revenue......»»
IBM acquires HashiCorp in multi-billion dollar deal to boost cloud reach
HashiCorp agrees to $6.4 billion takeover deal by IBM as the companies look to take on more of the market......»»
IBM to buy HashiCorp in $6.4 billion cash deal, expanding cloud portfolio
IBM and HashiCorp have entered into a definitive agreement under which IBM will acquire HashiCorp for $35 per share in cash, representing an enterprise value of $6.4 billion. HashiCorp’s suite of products provides enterprises with extensive Inf.....»»
Congo demands that Apple prove iPhone doesn"t use conflict materials
The Democratic Republic of Congo has told Apple it believes the iPhone maker's supply chain is using materials linked to militia groups.Apple has been asked to verify that it doesn't use "conflict minerals" in the iPhoneApple and at least most Big Te.....»»
25 cybersecurity AI stats you should know
In this article, you will find excerpts from reports we recently covered, which offer stats and insights into the challenges and cybersecurity issues arising from the expansion of AI. Security pros are cautiously optimistic about AI Cloud Security Al.....»»
Sugar in baby food: Why Nestlé needs to be held to account in Africa
Nestlé has been criticized for adding sugar and honey to infant milk and cereal products sold in many poorer countries. The Swiss food giant controls 20% of the baby-food market, valued at nearly US$70 billion......»»
Spotify not adopting new App Store terms in the EU, submits app update with pricing info instead
Apple was hit with a $2 billion fine in the European Union last month for “abusive” App Store rules for music streaming services. In addition to the fine, the European Commission also said Apple must relax its anti-steering rules. As reported.....»»
U.S. EV battery upstart, Hyundai-Kia close in on lithium metal battery commercialization
SES AI, a U.S. maker of electric vehicle batteries, aims to bring its next-gen lithium metal batteries to market as early as 2026 and is turbocharging the drive through a new agreement to jointly build and test the technology with South Korea's Hyund.....»»
Ford Q1 net income falls 24% to $1.3 billion; revenue rises despite lower production
Ford cited a strong performance from its commercial vehicle unit, which earned $3 billion before interest and taxes, as the reason revenue increased while shipments declined.....»»
Mantle heat may have boosted Earth"s crust 3 billion years ago
Little is known about the nature and evolution of Earth's continental crust before a few billion years ago because cratons, or stable swaths of the lithosphere more than 2–3 billion years old, are relatively rare......»»
How NASA Repaired Voyager 1 From 15 Billion Miles Away
The far-traveled space probe is once again transmitting usable data, after a glitch caused months of gibberish......»»
Updating California’s grid for EVs may cost up to $20 billion
Charging electric vehicles at home will exceed most power lines' capacity. Enlarge (credit: boonchai wedmakawand) California's electric grid, with its massive solar production and booming battery installations, is alread.....»»
Some cannabis rolling papers may contain unhealthy levels of heavy metals
A team of chemists at Lake Superior State University, working with colleagues from Wayne State University, both in Michigan, and two representatives from JEOL U.S., a lab equipment maker, has found that some cannabis rolling papers contain high level.....»»
Vast DNA tree of life for plants revealed by global science team using 1.8 billion letters of genetic code
A new paper published today (April 24) in the journal Nature by an international team of 279 scientists led by the Royal Botanic Gardens, Kew presents the most up-to-date understanding of the flowering plant tree of life......»»