GM’s earnings dragged down by Chevy Bolt recall
The twice-issued recall for 2017 to 2019 Chevrolet Bolt electric vehicles cost General Motors $800 million, the company said in its second quarter earnings statement Wednesday. Costs associated with fixing defective Bolt batteries make up the lion’.....»»
Tesla recalls 1.85 million vehicles over hood latching issue
Tesla has issued a recall for over 1.85 million vehicles after investigating reports about the hood opening unexpectedly. Tesla discovered that deformed latch switches could … The post Tesla recalls 1.85 million vehicles over hood latching issu.....»»
Tesla recalls 1.8 million cars because their hoods can open while driving
The problem seems more prevalent in China than elsewhere, "for reasons unknown." Enlarge (credit: Patrick T. Fallon/Bloomberg via Getty Images) The electric car manufacturer Tesla had to issue a massive recall this mont.....»»
Tesla to recall more than 1.8 million U.S. vehicles over hood problems
An unlatched hood could fully open and obstruct the driver's view, raising the risk of a crash. Tesla released an over-the-air software update to fix the issue......»»
What to expect from Apple"s Q3 2024 earnings on August 1
Apple will be releasing its earnings for the third quarter of 2024 on Thursday, August 1. Here's what predicted for Apple's quarter, and how it is expected to compare against previous reporting periods.Apple CEO Tim Cook at Apple ParkApple will be re.....»»
Intel say they will not recall its faulty Raptor Lake CPUs
It seems that Intel has no current plans to recall its faulty Raptor Lake CPUs. Instead, the company will issue a software fix. The post Intel say they will not recall its faulty Raptor Lake CPUs appeared first on Phandroid. As some of you.....»»
From scandals to slowdown, Toyota"s top 5 challenges in key earnings report
Toyota, after record financial results in the previous fiscal year, faces strong headwinds as it readies this week's key first-quarter earnings report. From safety scandals and production suspensions to wobbly China sales, here are the top 5 issues t.....»»
Research shows gig workers can boost earnings by building social skills
More than 50 million workers in the United States are part of the gig economy, either to supplement their main income or as their full-time job. New research by University of Alabama at Birmingham Collat School of Business professors Paul M. Di Gangi.....»»
Top 5 stories of the week: Toyota engine recall; Stellantis CEO calls out U.S. plants
A quick look at the top automotive stories of the week as determined by reader interest......»»
Chevy unleashes first turbocharged V-8 Corvette, the ZR1 with 1,064 hp
Chevy said the most powerful production Corvette can take on the Porsche 911 and other six-figure halo cars from import brands. Production of the ZR1 begins next year in Bowling Green, Ky......»»
Lear says Q2 earnings rise on record sales, lowers outlook amid EV uncertainty
Lear reported record sales and a modest gain in second-quarter net income as the company brings more automation technology in-house and adjusts to rapidly changing EV strategies......»»
4 takeaways from Tesla"s Q2 earnings as profit plunges
Automotive gross margin, a key indicator of profitability, fell to just under 15 percent in the second quarter, its lowest level in five years. Tesla's operating margin fell to 6.3 percent from 9.6 percent a year earlier......»»
Stellantis to reduce output, cut prices after earnings plunge on weak U.S. results
Stellantis is counting on lower production, price cuts and new model launches to reverse plunging profits......»»
CEO Makoto Uchida says Nissan U.S. incentive spending nearly erases quarterly profit
Nissan CEO Makoto Uchida says soaring U.S. selling expenses fueled a 99 percent plunge in it’s quarterly operating profit, forcing him to cut the company’s full-year earnings forecast......»»
Ford Q2 earnings: Net income falls 4.5%, but revenue rises on strong commercial vehicle sales
Ford attributed a 6.5 percent revenue increase to strong results from its Ford Pro commercial vehicle unit, which earned $2.6 billion and achieved a 15.1 percent margin......»»
Oyen Digital U34 Bolt SSD review - Enormous drive speed in a rugged package
Apple's SSD prices are pretty high for what you get, so there's a big market for external drives. If you need a massive external SSD, the Oyen Digital U34 Bolt is price-leading and speedy to boot.Oyen Digital U34 Bolt reviewOyen Digital is not one of.....»»
5 risks to watch as Nissan readies key earnings update
Nissan embarks on a new midterm business plan focused on growth. Here are the top risks to watch as CEO Makoto Uchida unveils the first quarterly earnings of the new era......»»
Top five risks to watch as Nissan readies key earnings update
Nissan embarks on a new midterm business plan focused on growth. Here are the top risks to watch as CEO Makoto Uchida unveils the first quarterly earnings of the new era......»»
The Cruise Origin driverless pod is dead, GM tells investors
The driverless Orion is dead; instead, Cruise will use next-generation Bolt EVs. Enlarge / As Cruise ramps up its robotaxi service, it won't be in these cool-looking driverless pods. (credit: Cruise) The Cruise Origin w.....»»
Mitsubishi pivots to North America as new profit engine as earnings dip
TOKYO — Mitsubishi, one of the smallest mass-market brands in the U.S., is getting bullish about North America with plans to enhance the local lineup with vehicle updates annually through 2030. The Japanese carmaker will introduce these new or u.....»»
Tesla to report Q2 earnings amid falling sales, hopes for a robotaxi future
To counteract falling sales in major markets including the U.S., Tesla has offered a series of price cuts and incentives, including subsidized financing and lease deals that could dig into second-quarter profits, analysts said......»»