Hyundai profit hit after Kona EV recall, but LG Chem seen bearing bulk of costs
Hyundai has revised quarterly earnings despite reports that LG Chem will pay most of the estimated $900 million in costs for the recall......»»
Hyundai, Kia sales slip in April
U.S. light-vehicle sales are expected to drop about 2 percent in April, reflecting one less selling day than a year earlier and weaker fleet shipments, analysts say......»»
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......»»
VW Group"s Q1 profit drops 20% on lower volumes, higher costs
The automaker's Porsche brand reported a 14.8 percent operating margin decline on higher model revamp investments and lower demand for premium cars in China......»»
Mercedes to stay firm on pricing following Q1 profit drop
Mercedes said model transitions in the top-end segment and supply chain-related costs caused its return on sales to fall to 9.6 percent from 14.9 percent a year earlier, with vehicle sales down 8 percent at 462,978......»»
Study finds CsPbBr₃ out-of-phase perovskite helps highly sensitive X-ray detection
A recent study conducted by the research team at Hefei Institutes of Physical Science of the Chinese Academy of Sciences, has introduced a new method for enhancing X-ray detection by incorporating out-of-phase CsPb2Br5 perovskite into CsPbBr3 bulk ma.....»»
Lear to acquire Spanish automation supplier to ease labor costs
Financial terms were not disclosed for the deal, announced Monday and expected to close by the third quarter......»»
Tesla’s 2 million car Autopilot recall is now under federal scrutiny
NHTSA has tested the updated system and still has questions. Enlarge / A 2014 Tesla Model S driving on Autopilot rear-ended a Culver City fire truck that was parked in the high-occupancy vehicle lane on Interstate 405. (credit: C.....»»
Wholesale laptop deals: How to buy cheap computers in bulk
Need to furnish a whole office or classroom with laptops? Here are some of the best outlets that have cheap computers in bulk......»»
Genesis" Claudia Marquez: We"re "becoming completely independent" from Hyundai in U.S.
The premium spinoff is becoming more independent from its mainstream counterpart with stronger brand awareness, new products and strong sales......»»
Tesla"s recall of 2 million vehicles for Autopilot issues being probed by NHTSA
The agency wants to know if Tesla's December recall of more than 2 million vehicles to install new Autopilot safeguards is adequate......»»
Tesla"s recall of 2 million vehicles for Autopilot issues now being probed by NHTSA
The agency wants to know if Tesla's December recall of more than 2 million vehicles to install new Autopilot safeguards is adequate......»»
Arizona TSMC facility continues to fight cultural battles, rising costs & logistical hurdles
Apple chip partner TSMC faces significant barriers that impede the Arizona chip fabrication facility's progress, and the culture clash between American and Taiwanese employees doesn't seem to be getting batter.TSMC's Arizona facility grapples with ri.....»»
Meta says it will take years to make money from generative AI – but what about Apple?
Pretty much every tech company has been investing in generative AI for the past two years, and Apple is rumored to finally bring new AI-based tools to iPhone users soon with iOS 18. However, the costs of operating such tools are quite high, and Meta.....»»
How marketing classes can rescue "ugly produce" from becoming food waste
At a time of rising food costs and growing food insecurity, a large percentage of food grown for consumption never reaches our tables......»»
The costs of workplace violence are too high to ignore
Violence and harassment on the job are all too common: More than 1 in 5 workers worldwide have experienced it, according to the International Labor Organization, with women slightly more likely to be affected than men. In the U.S., more than 2 millio.....»»
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......»»
Hyundai doubles down on hybrids after Q1 profit slips 2.4%
After posting a 2.4 percent drop in quarterly profit, Hyundai said it will continue to expand its electrified model lineups globally by introducing more hybrids and new Ioniq models......»»
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......»»
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.....»»
Tesla profits drop 55% as Elon Musk dodges cheap car questions
Tesla spent $1 billion on GPUs even as its profit margins shrank by half. Enlarge / Tesla shares rose by almost 11 percent in premarket trading despite the disastrous financial results. (credit: CFOTO/Future Publishing via Getty.....»»