German supplier Gedia sells Detroit area operations, to lay off 92
It’s unclear who the buyer of Gedia’s Michigan operations is, and representatives for the company and Orion Township’s supervisor’s office did not return emails or calls about the deal......»»
American Axle revenue, profit climb in first quarter
American Axle & Manufacturing Holdings Inc. increased revenue and profit in the first quarter thanks to steadier production from its customers. The automotive supplier saw year-over-year revenue growth of 7 percent to $1.6 billion during the period,.....»»
Rivian taps Volvo executive as COO ahead of new-model launch
Rivian Automotive Inc. hired Javier Varela as its new chief operations officer to help the electric-vehicle maker scale output as it prepares to roll out a lower-cost model geared for the mass market......»»
Apple said to be stealing tech from expensive suppliers to give to cheaper ones
A new report claims that a supplier may develop new technology or new processes, only for Apple to — perfectly legally — take that work to a cheaper company, sometimes leaving the original one to go bankrupt.Apple has suppliers all over the world.....»»
Rocket Report: Astroscale chases down dead rocket; Ariane 6 on the pad
Rocket Factory Augsburg, a German launch startup, nears a test-firing of its booster. Enlarge / This image captured by Astroscale's ADRAS-J satellite shows the discarded upper stage from a Japanese H-IIA rocket. (credit: Astrosca.....»»
BlackBerry CylanceMDR improves cybersecurity defensive strategy
BlackBerry introduced the new and expanded CylanceMDR, offering comprehensive Managed Detection & Response (MDR) protection powered by the Cylance AI platform and augmented with award-winning security operations center analysts for 24×7 threat c.....»»
Scent sells—but the right picture titillates both eyes and nose, research finds
Scented products with relevant images on their packaging and branding, such as flowers or fruit, are more attractive to potential customers and score better in produce evaluations, new research confirms......»»
Detroit auto show producer names successor to Rod Alberts
Sam Klemet, CEO of the Michigan Association of Broadcasters, was named co-executive director......»»
Tech supplier Aptiv lowers sales forecast, reduces equity interest in JV with Hyundai
Under the agreement with Hyundai Motor Co., Aptiv will not be required to fund the joint venture in the future, while Hyundai will provide additional funding......»»
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......»»
Studies assess feasibility of aquaculture wastewater treatment methods
Aquaculture production operations that help feed the world's growing population also generate polluted wastewater that harms the environment. Four studies published by Purdue University scientists since last May document the feasibility of previously.....»»
Detroit auto show producer names successor to DADA Executive Director Rod Alberts
Sam Klemet, CEO of the Michigan Association of Broadcasters, was named co-executive director......»»
Apple is deepening ties with China even as it boosts suppliers globally
Despite its well-publicized moves to cut its dependence on China as its main supplier, Apple has also been increasing the number of firms it works with for production with in the region.Tim Cook visits Luxshare factory in 2017. Source: AppleBy Januar.....»»
GM will take top 2 floors at Hudson"s Detroit for new HQ — for now
More details are coming to light about General Motors Co.’s footprint in the Hudson’s Detroit property as it moves its headquarters out of the Renaissance Center. .....»»
Honda plants 85,000 trees outside factories in Ohio
The initiative will increase biodiversity in the region near three of Honda's operations and will help the automaker get closer to its carbon neutrality goal......»»
NASA balloons head north of Arctic Circle for long-duration flights
NASA is set to begin launch operations mid-May for the 2024 Sweden Long-Duration Scientific Balloon Campaign. Four stadium-sized, scientific balloons carrying science missions and technology demonstrations are scheduled to lift off from Swedish Space.....»»
iPhone demand is falling, claims component supplier Skyworks
Apple supplier Skyworks has been regarded as a proxy for Apple's iPhone demand, and the company may have some bad news for investors.Apple's iPhone 15 ProSkyworks does not break down its earnings by customer, but it has been a longtime partner for Ap.....»»
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......»»
Mercedes-Benz Alabama factory changes CEO weeks before UAW vote
Federico Kochlowski, vice president of operations, will take over as CEO of the Mercedes U.S. assembly plant effective Wednesday......»»
Low-intensity grazing is locally better for biodiversity but challenging for land users, study shows
A team of researchers led by the German Centre for Integrative Biodiversity Research (iDiv), Leipzig University (UL), and the Helmholtz Centre for Environmental Research (UFZ) has investigated the motivation and potential incentives for and challenge.....»»
Lear"s Q1 net income falls as auto supplier goes full bore into automation
Lear Corp. reached a revenue record in the first quarter but saw net income drop 24% as it navigates operational and restructuring challenges related to lower volumes......»»