PMIC supplier GMT says inventory depletion has peaked
For Global Mixed-mode Technology (GMT), a power management IC (PMIC) product specialist, the persistent inventory depletion in the IC industry has peaked, with the traditional seasonal cycle to resume shortly, according to company president JC Wu......»»
Was Vinnie Johnson"s Piston Group the subject of a takeover plot?
The longtime auto supplier's favorable court decision was the culmination of a bitter legal fight that dragged on more than three years — and may not be done yet. An appeal was filed last week......»»
Lower-income households have high auto payments, according to Bank of America
The customers who purchased vehicles during the height of the inventory shortages are still feeling the strain; lower-income households seem to be feeling that strain the most......»»
Tesla supplier goes bankrupt after $30M verdict in defective parts lawsuit in Ohio
Wrena filed for voluntary Chapter 11 bankruptcy in U.S. Bankruptcy Court with liabilities between $10 million and $50 million......»»
Auto supplier goes bankrupt after $30M verdict in defective parts lawsuit
Southfield, Mich.-based automotive supplier Wrena LLC filed for bankruptcy Monday with the intention of selling the business after being ordered to pay $30 million in a lawsuit over defective parts. The company petitioned for voluntary Chapter 11.....»»
California cracks down on another Central Valley farm area for groundwater depletion
California water regulators are cracking down on a second farming area in the San Joaquin Valley for failing to take adequate steps to curb overpumping that is depleting groundwater, causing the land to sink and damaging a canal that transports water.....»»
Hungary Danube waters reach decade high after Storm Boris
The Danube peaked at a 10-year high in a heavily fortified Budapest on Saturday with the water reaching the steps of parliament, after deadly Storm Boris lashed Europe......»»
Auto supplier plans to invest $78.8M at former Stellantis plant in Detroit
Laepple Automotive plans to invest $78.8 million into the former Stellantis Mount Elliott Tool and Die site on Detroit' east side......»»
Has Nvidia Stock Peaked? These Words From the CEO May Suggest What"s Next
Has Nvidia Stock Peaked? These Words From the CEO May Suggest What"s Next.....»»
U.S. vehicle inventory hovers below 3 million
New-vehicle inventory in the U.S. was at 2.91 million last month, down slightly from the previous month, Cox Automotive said......»»
Stellantis’ U.S. dealers call out CEO Tavares for damaging brands
Dealers also urged the CEO to spend more money to clear old inventory off their lots......»»
Denso goes workerless under new factory concept for Toyota Group
Denso's new ¥69 billion ($482.9 million) workerless plant will make advanced on-board computers that bundle together control of multiple functions in the car, accelerating the transition of Toyota's top supplier into a software-driven mobility compa.....»»
Magna CEO says North American contract assembly plant unlikely amid heightened uncertainty
Magna is pumping the brakes on a potential North American vehicle assembly plant as the supplier signals a more cautious approach to its contract manufacturing business......»»
Amazon extends its popular $199 iPad deal into September, but supply may be limited
Amazon's $199 iPad 9th Generation deal has been extended into September, delivering the lowest price on record on remaining inventory.Snap up an iPad for just $199.The $199 iPad special is classified as a "limited-time deal" on Amazon, so it could en.....»»
Hybrids, crossovers drive Toyota, Honda, Hyundai, Kia to August U.S. sales gains
U.S. auto sales are projected to rise 7 to 8 percent last month, analysts estimated, with average transaction prices falling as inventory rises and incentives increase......»»
Double-peaked supernovae offer clues to pre-supernova outbursts
New research helps in understanding the evolution and final stages of massive stars, the role of binary interactions, and the mechanisms behind mass loss, which ultimately affect the properties of the resulting supernova and its remnant. This work al.....»»
Vinnie Johnson"s Piston Group wins scathing verdict in longtime minority certification fight
The verdict ends a legal feud that’s been stewing since early 2021. At stake was a lucrative minority certification that helped the auto supplier win business from automakers. The fast-growing supplier has topped $3 billion in revenue and employs 1.....»»
F&I revenue still possible as leasing returns
As leasing grows across the country, car dealership finance managers might have a harder time hitting the kind of F&I gross profit per vehicle seen during the inventory shortage. But there's still an opportunity for the finance and insurance office,.....»»
Apple taps LG Innotek for all iPhone 16 Pro and iPhone 16 Pro Max tetraprism lenses
The main manufacturer of tetraprism lenses for the iPhone 15 Pro Max is now said to initially be the sole supplier of it for the iPhone 16 Pro and iPhone 16 Pro Max.Camera lenses on the iPhone 15 Pro MaxBacking up the expectation that the iPhone 16 P.....»»
Electric sedan to replace Infiniti Q50
The Q50 debuted in 2013 and U.S. sales peaked at 44,007 in 2016, and fell to 6,201 last year......»»
Amazon clears out Apple Watch inventory, grab the Series 9 for $299 & Ultra 2 for $699
Amazon is slashing Apple Watch prices ahead of the September Apple event, resulting in the return of Prime Day pricing on multiple Series 9 and Ultra 2 styles.Amazon is blowing out Apple Watch inventory.As September inches closer, the Apple Watch dea.....»»