Lordstown Motors secures $170M investment from Foxconn
Lordstown, which posted a wider quarterly loss, will use the proceeds from the share sale to fund development and design activities for a new electric vehicle program in collaboration with Foxconn......»»
Husbands still dominate investment decisions, research reveals
Husbands still have more control over investment decisions than their wives, despite signs they are riskier investors, according to new research......»»
GM, Samsung SDI push back opening of Ind. battery plant to 2027
General Motors and Samsung SDI finalized their partnership that will invest $3.5 billion in an EV battery plant in Indiana......»»
CDK CEO boosting tech, innovation investment after cyberattacks
CDK CEO Brian MacDonald said the cyberattacks have led to acceleration of an ongoing investment in innovation and IT infrastructure......»»
Canadian insurers and municipalities sharing data could improve availability, affordability of flood insurance
The increasing cost of flood damage has seen property insurance become less affordable for many Canadians. New research from the University of Waterloo shows that if insurers and local governments pooled information on investment in flood-risk manage.....»»
Lithia"s captive finance company Driveway Finance turned a Q2 profit
Lithia Motors Q2 2024 earnings: After just a few years of operation, Lithia's relaunched captive finance car loan company Driveway Finance Corp. turned a profit during the second quarter and was on track to stay that way......»»
Nonprofits with investment income slower to recover from economic downturns, study shows
A recent study evaluates three decades of financial data from nonprofit organizations and finds that while the sector tends to bounce back quickly after periods of economic recession, some organizations bounce back more quickly than others. Specifica.....»»
GM captive finance company withdraws application to create a bank
The captive finance arm of General Motors applied to charter a type of bank called an Industrial Loan Company in late 2020......»»
GenAI buzz fading among senior executives
GenAI adoption has reached a critical phase, with 67% of respondents reporting their organization is increasing its investment in GenAI due to strong value to date, according to Deloitte. “The State of Generative AI in the Enterprise: Now decid.....»»
The best Google Pixel 9 Pro Fold cases: 13 to consider right now
The Google Pixel 9 Pro Fold has arrived, along with a pretty impressive lineup of cases. Here are the ones we feel are the best to protect your investment......»»
Automakers insourcing crucial EV parts, leaving suppliers with fewer potential customers
Automakers are increasingly insourcing production of e-motors and other crucial electric vehicle components, posing a challenge for suppliers vying for business in the EV space......»»
Passive Motion Masks
Add movement to your mask — without motors. The post Passive Motion Masks appeared first on Make: DIY Projects and Ideas for Makers......»»
Ecobee 3 Lite vs. Ecobee Smart Thermostat Enhanced: Which is the best smart thermostat?
Should you pick the the cheaper Ecobee 3 Lite, or is the Ecobee Smart Thermostat Enhanced a smarter investment? Here's what to know before making a purchase......»»
Salesforce is betting more personalized connected cars will make money
Salesforce's investment in a new connected car application signals the company's confidence in the promise of connectivity......»»
GM Lays off around 1,000 Personnel to Focus on AI
AI continues to impact employment rates worldwide. The post GM Lays off around 1,000 Personnel to Focus on AI appeared first on Phandroid. Auto manufacturer General Motors recently confirmed that it will be culling around a thousand of its.....»»
Open Road Capital adds five dealerships in two deals
Retail auto investment firm Open Road Capital and Jesse Hord bought four New York dealerships, while Open Road expanded on the West Coast in a new partnership......»»
Apple’s first robot product to be made by Foxconn, says report
A report earlier this week said that plans for Apple’s first robot product have been accelerating, in the form of a hybrid iPad/HomePod product. A supply-chain report now says that Foxconn has been commissioned by Apple to make the robot arm and.....»»
An Apple modem to replace Qualcomm chip isn’t just about saving money
The project to replace Qualcomm’s radio chip with an Apple modem is taking a huge amount of time and effort, and some have questioned whether that investment makes sense just to save a few dollars on the cost of an iPhone. The question becomes e.....»»
Foxconn chief dodges accusation of discrimination in India hiring practices
Following reports of married women being specifically excluded from jobs at Foxconn's India iPhone facilities, the company's chairman has said that the company does have married women as employees — but didn't specifically dispute accusations over.....»»
Gen AI interest is helping push cloud investment to a new high
Businesses are strategically investing in hybrid and public cloud in order to fuel their growth in AI usage......»»
T-Mobile fined $60M for data breaches, the largest fine of its type
T-Mobile has been fined $60M for failing to prevent unauthorized access to sensitive data, and for further failing to report the breach. Unusually, the fine was levied by the Committee on Foreign Investment in the US (CFIUS), and is the largest fi.....»»