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......»»
The best Google Pixel 9 Pro Fold cases: 8 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......»»
Ahead of iPhone 16, AI demand boosts Apple supplier Foxconn"s profits
Foxconn, Apple's iPhone 16 manufacturer has reported a fourth consecutive quarter of profit increases, which it credits to demand for AI servers.Workers in a Foxconn factoryFor the previous quarter, Foxconn's increased profits came from better than e.....»»
GMC gives Terrain crossover a pickup-inspired redesign, bigger screens
Production of the 2025 Terrain is set to begin this fall at General Motors' San Luis Potosi plant in Mexico. Pricing was not disclosed......»»
Here’s what the electric Dodge Charger’s “Fratzonic exhaust” sounds like
Dodge wants to keep the aural spectacle even as it moves to electric propulsion. Enlarge / Dodge doesn't want to be accused of building a boring EV. (credit: Dodge) Electric motors have many advantages over internal comb.....»»
iPhone 16 production now in full flow as Foxconn hires 50,000 more workers
iPhone 16 production is now said to have ramped up to peak production, with Foxconn taking on an extra 50,000 workers in its largest assembly plant. The company last month increased both base pay and bonuses to help it recruit enough new workers t.....»»
Foxconn cramming iPhone 16 production lines with 50,000 new workers
Foxconn has gone on a hiring spree, adding 50,000 new workers for its largest iPhone facility's production lines in China ready for the iPhone 16.A Foxconn factory. As the time for the introduction of a new iPhone generation nears, Apple's global sup.....»»
Auto suppliers are slashing R&D. That could turn into a big problem.
Some of the world’s largest, most tech-savvy parts producers have hit the brakes on spending due in part to electric vehicle launch delays and a dim outlook for returns on investment......»»
China"s Dongfeng in pole position to build an auto plant in Italy, report says
The Italian government could join Dongfeng with a minority stake in the investment which aims to set up a production hub for the whole of Europe......»»
Lucid reports Q2 net loss of $790 million; Saudi fund pledges additional $1.5 billion to the startup
Lucid delivered a record in the quarter and plans to launch a crossover this year. Lucid said its largest shareholder, Saudi Arabia's Public Investment Fund, will inject $1.5 billion in cash......»»
Balancing fairness and welfare in the face of uncertainty: Investigating Miami"s stormwater infrastructure improvement
The Infrastructure Investment and Jobs Act was enacted in 2021 to inject $1.25 trillion into the country's aging infrastructure to help cities protect and prepare themselves from future occurrences of extreme weather effects which, in 2023, caused al.....»»
Lithia increases stake in Pinewood DMS company to more than 25%
Lithia Motors Inc. now owns more than a quarter of the U.K. dealership management system provider Pinewood Technologies following purchases of nearly 5 million shares in the months since its initial minority investment......»»
Lithia Motors promotes Adam Chamberlain to COO, Chris Holzshu still EVP
Lithia Motors promoted Chief Customer Officer Adam Chamberlain to COO and returned COO Chris Holzshu to solely an executive vice president role, the company said Aug. 1......»»
Lithia net income down 28% in Q2 despite record revenue of $9.2B
Lithia Motors Inc. Q2 2024 earnings: Net income fell 28 percent during the second quarter despite the car dealership group generating record revenue for that earnings period......»»
Starling Automotive buys 3 dealerships, adds brands
Starling Automotive Group expanded in a spring acquisition, buying its first non-General Motors dealerships......»»
Lineaje secures $20 million in funding to address software supply chain issues
Lineaje has unveiled a landmark $20 million Series A funding round led by Prosperity7 Ventures, Neotribe, and Hitachi Ventures, alongside existing investor Tenable Ventures. This significant investment underscores the escalating global demand for rob.....»»
A novel method implementing investment decision-making of prospect theory utility toward stock markets
Prospect theory, proposed by Kahneman and Tversky in 1979, has been acknowledged as an excellent decision-making theory for the bounded rationality of investors tending to show cognitive bias under conditions of uncertainty. In terms of gains and los.....»»
TD Cowen raises AAPL target to $250 on AI and China sales
Investment analyst firm TD Cowen predicts that Apple Intelligence will bring a modest boost to the iPhone 16 range, but be much more significant in 2025, by when China sales are expected to have returned to growth.Render of the iPhone 16 rangeAhead o.....»»
AI and ML enter motorsports: How GM is using them to win more races
From modeling tire wear and fuel use to predicting cautions based on radio traffic. Enlarge / The Cadillac V-Series.R is one of General Motors' factory-backed racing programs. (credit: James Moy Photography/Getty Images).....»»
Foxconn eyes India for iPad production amid Apple"s expansion plans
After setting up operations in India to produce iPhones, Apple assembly partner Foxconn is considering whether to do the same with iPads.Workers in a Foxconn factoryApple has been steadily working to reduce its independence on China as a main source.....»»
GM Ventures, others invest in Israeli EV battery startup Addionics
Addionics raised $39 million from investors including General Motors' venture capital arm to help commercialize its 3D copper foil product for electric vehicle batteries......»»