Ford recall of 3 million vehicles to cost $610 million
NHTSA this week ordered the automaker to issue a recall for the late-model vehicles due to potentially defective Takata airbag inflators. Ford separately disclosed it expects to record a pretax remeasurement loss of $1.5 billion in the fourth quarter.....»»
Stellar Cyber and Acronis team up to provide optimized threat detection solutions for MSPs
Stellar Cyber has revealed a new partnership with Acronis, to deliver an optimized threat detection and response solution enabling MSPs to protect on-premises, cloud, hybrid, and IT/OT environments most cost-effectively and efficiently possible. Thro.....»»
Mercedes warms to ICE vehicles as EV growth cools in the U.S.
Mercedes expects to sell about 50,000 more coupes, sedans, crossovers and SUVs in the U.S. in 2024 compared with last year......»»
Continental fined $107M over role in diesel-emissions scam
German prosecutors issued the fine over the company’s participation in the scam via selling more than 12 million engine control units that automakers, including Volkswagen Group, used to manipulate emissions......»»
Honda spending $11B on EV assembly, battery output in Canada, reports say
The company’s leadership will be joined by a wide range of government officials, including Canadian Prime Minister Justin Trudeau and Ontario Premier Doug Ford, for the announcement......»»
BforeAI raises $15 million to stop attacks before they occur
BforeAI has secured $15 million in Series A funding led by SYN Ventures, with renewed participation from early investors Karma Ventures, Karista, Addendum Capital, and a new investment from the Partnership Fund for New York City. BforeAI autonomously.....»»
Nagomi Security raises $30 million to help security teams improve their level of protection
Nagomi Security emerged from stealth with $30 million in funding to fundamentally redefine how security teams optimize effectiveness and drive efficiency from their existing security tools. The company operated in stealth mode with Seed funding from.....»»
Anatomy IT’s new Security Suite targets healthcare cybersecurity threats, improves incident response
Anatomy IT has announced the launch of an expanded end-to-end cybersecurity product suite designed to safeguard healthcare delivery organizations from evolving and growing IT system threats. A record 133 million individuals were affected by healthcar.....»»
Nissan EVs go bold with diagonal front lighting at Beijing auto show
Nissan has shown a creative and bold front lighting design in a clutch of electrified concept vehicles that were unveiled at the Beijing auto show, which point toward a future design language......»»
Ancient giant tortoise fossils found in Colombian Andes
Paleontologists have discovered giant tortoise fossils in Colombia dating back some 57 million years, the university leading the excavation said, with the findings key to understanding South America's prehistoric eras......»»
Lithia Q1 net income down 28% as "normalization" returns to profit per vehicle
Lithia Motors said it sold 188,119 new and used vehicles, with gross profit per vehicle dropping 22% to $4,346 in the first quarter......»»
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.....»»
These giant, prehistoric salmon had tusk-like teeth
Oncorhynchus rastrosus, a giant species of salmon that lived in the North American Pacific Northwest a few million years ago, sported a pair of front teeth that projected out from the sides of its mouth like tusks, according to a study published Apri.....»»
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.....»»
Honda"s new Ye Series EVs for China foreshadow U.S.-bound next-gen 0 Series
Honda's new family of all-electric vehicles, called the Ye Series, goes on sale in China this year and advances the Japanese carmaker toward a next-generation of software-powered EVs that are bound for the U.S. and other markets......»»
Climate change supercharged a heat dome, intensifying 2021 fire season, study finds
As a massive heat dome lingered over the Pacific Northwest three years ago, swaths of North America simmered—and then burned. Wildfires charred more than 18.5 million acres across the continent, with the most land burned in Canada and California......»»
Vroom CEO: ‘Gut-wrenching" decision to end online used-car business
When a search to secure more capital was unsuccessful, Vroom's senior leadership called it: The company would stop buying and selling used vehicles online as soon as possible......»»
CEO Mary Barra"s pay declined 3.9% to $27.8 million as GM missed stock targets
After eight consecutive years as the highest-paid Detroit 3 CEO, Barra's compensation trailed the $39 million Stellantis shareholders approved for Carlos Tavares......»»
Lithia Q1 net income down 28% as margins slip
Lithia Motors said it sold 188,119 new and used vehicles with a gross profit of $4,346 in the first quarter......»»
Prophet Security emerges from stealth and raises $11 million
Prophet Security emerged from stealth with $11 million in seed financing led by Bain Capital Ventures (BCV) with participation from several security leaders and angel investors. At the core of the company’s unveiling is Prophet AI for Security Oper.....»»
Tesla says it will accelerate new products after Q1 net income drops 55% to $1.1B
"These new vehicles, including more affordable models, will utilize aspects of the next generation platform as well as aspects of our current platforms," Tesla said in its first-quarter report......»»