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Losses Continue To Pile Up At Rivian And Lucid In Q2 - Latest Technology News | TechNewsNow.com :: TechnewsNow.com
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Losses continue to pile up at Rivian and Lucid in Q2

Both EV makers have received large cash infusions to help stem cash burn and pay for continued operations......»»

Category: topSource:  autonewsAug 8th, 2024

NASA pushes Boeing Starliner return meeting to at least next week

Despite NASA officials last week stating a return readiness review might happen this week for Boeing's Starliner, teams instead continue to go over data for the spacecraft before any decision on its departure from the International Space Station......»»

Category: topSource:  physorgRelated NewsAug 2nd, 2024

Auto suppliers continue to face worker shortage and high costs

The Federal Reserve indicated labor supply and demand are in sync in the U.S. economy for the first time in years. But suppliers are still lagging behind......»»

Category: topSource:  autonewsRelated NewsAug 1st, 2024

Extreme heat in India: A crisis on the rise

As global temperatures continue to rise, India is grappling with increasingly severe heat waves. As early as April, many Indian cities, including New Delhi, the capital, have experienced record temperatures above 115 degrees Fahrenheit......»»

Category: topSource:  physorgRelated NewsAug 1st, 2024

One dead in Colorado blaze as fires ravage US west

One person has died in a Colorado wildfire, officials said Wednesday, as around a hundred infernos continue to blaze across western US states and a dangerous new heat wave looms......»»

Category: topSource:  pcmagRelated NewsAug 1st, 2024

Boeing’s Starliner has cost at least twice as much as SpaceX’s Crew Dragon

"Risk remains that we may record additional losses in future periods." Enlarge / A Starliner spacecraft departs Boeing's spacecraft processing facility before the program's first orbital test flight in 2019. Boeing anno.....»»

Category: topSource:  arstechnicaRelated NewsAug 1st, 2024

US oil and gas mergers continue at furious pace in Q2, says Enverus

US oil and gas mergers continue at furious pace in Q2, says Enverus.....»»

Category: topSource:  marketingvoxRelated NewsJul 31st, 2024

Xbox console sales continue to crater with massive 42% revenue drop

Xbox Series X/S sales seem to have peaked early in 2022. Enlarge / The tumbling continues. Microsoft's revenue from Xbox console sales was down a whopping 42 percent on a year-over-year basis for the quarter ending in J.....»»

Category: topSource:  arstechnicaRelated NewsJul 31st, 2024

Stellantis says it will keep Maserati despite the brand"s heavy losses

Stellantis said it has an 'unwavering commitment' to Maserati despite a warning from the group's CEO Carlos Tavares that if the company's brands "don't make money, we'll shut them down.".....»»

Category: topSource:  autonewsRelated NewsJul 31st, 2024

Insecure file-sharing practices in healthcare put patient privacy at risk

Healthcare organizations continue to put their business and patients at risk of exposing their most sensitive data, according to Metomic. 25% of publicly shared files owned by healthcare organizations contain Personally Identifiable Information (PII).....»»

Category: securitySource:  netsecurityRelated NewsJul 30th, 2024

Some good may come out of the CrowdStrike outage

Estimated financial losses due to the recent massive IT outage triggered by the faulty CrowdStrike update are counted in billions, but the unfortunate incident is having several positive effects, as well. Some silver linings As CrowdStrike was forced.....»»

Category: securitySource:  netsecurityRelated NewsJul 29th, 2024

Birds of a feather flock together but great white sharks have swum apart "forever"

Great white sharks separated into three distinct population groups up to 200,000 years ago and continue to mix only within these separate groups, new research has found......»»

Category: topSource:  physorgRelated NewsJul 29th, 2024

Some dealer customers want higher CDK cyberattacks compensation

CDK said dealers it has spoken with have been ‘grateful and appreciative' of compensation offer. But some affected dealers said it doesn't cover their losses......»»

Category: topSource:  autonewsRelated NewsJul 26th, 2024

Rivian sales chief and former Porsche exec Kjell Gruner resigns after 11 months

The California company said in a regulatory filing that Kjell Gruner is resigning, and had notified Rivian of his decision to resign "to pursue other opportunities." Gruner started at Rivian in September 2023......»»

Category: topSource:  autonewsRelated NewsJul 26th, 2024

Traditional automakers" EVs surpass Teslas in J.D. Power satisfaction study

Overall consumer satisfaction with vehicles is rising, especially on fuel economy, but infotainment systems continue to fall short......»»

Category: topSource:  autonewsRelated NewsJul 25th, 2024

Early CDK Global DMS return helped ease Group 1"s Q2 losses

The auto retailer estimates it lost $17 million in pretax income in the second-quarter due to the CDK outage......»»

Category: topSource:  autonewsRelated NewsJul 25th, 2024

China poised to lead global auto market, S&P Global says

BYD has emerged as a top 10 manufacturer, and evolving retail networks and new factories in Europe offer opportunities for Chinese automakers. Despite European and North American tariffs, they continue to push forward......»»

Category: topSource:  autonewsRelated NewsJul 25th, 2024

Paying more for policing doesn"t stop or reduce crime, say researchers

In 2023, the cost of policing to Canadian taxpayers closed in on $20 billion for the first time. While annual police budgets continue to grow, there is little debate in the media about its cost to taxpayers and the value for money in relation to crim.....»»

Category: topSource:  physorgRelated NewsJul 24th, 2024

Monday is the hottest day recorded on Earth, beating Sunday"s record, European climate agency says

Monday was recorded as the hottest day ever, beating a record set the day before, as countries across the globe from Japan to Bolivia to the United States continue to feel the heat, according to the European climate change service......»»

Category: topSource:  physorgRelated NewsJul 24th, 2024

New Pixel 9 Renders Show Possible Color Variants

The leaks continue to pour. The post New Pixel 9 Renders Show Possible Color Variants appeared first on Phandroid. There’s been no shortage of Pixel 9 leaks over the past few months – as is the tradition with any new Google sma.....»»

Category: asiaSource:  phandroidRelated NewsJul 23rd, 2024

Rivian CEO addresses lack of CarPlay support, relationship with Apple in new interview

While CarPlay is widely available on the majority of cars nowadays, Rivian is one of the primary holdouts (alongside Tesla and now GM). In a new interview this week on the Decoder podcast, Rivian founder and CEO RJ Scaringe explained the company’s.....»»

Category: topSource:  theglobeandmailRelated NewsJul 22nd, 2024