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......»»
Mobileye says modular Brain6 software opens new possibilities
The software is built on mapping data sourced from cars that use Mobileye technology. It allows improved vision-based ADAS systems and offers Mobileye a path to expand into infotainment, the supplier says......»»
Amazon slashes up to $250 off Apple"s M4 iPad Pro during back-to-school sale
This Thursday, grab prices as low as $899 and discounts of up to $250 off Apple's 2024 M4 iPad Pro. With limited inventory available on certain configs, you'll want to jump on the deals now for the best selection.A full list of the lowest 11-inch iPa.....»»
AutoCanada considers selling U.S. stores, reports data breach and $24 million Q2 loss
AutoCanada is exploring the sale of its U.S. dealerships and other “non-profitable and non-core assets,” as the company swung to a loss for the second quarter amid falling sales, a significant used-vehicle inventory writedown and fallout from the.....»»
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.....»»
After micro-LED Apple Watch cancellation, LG seeking compensation
It was reported earlier this year that Apple cancelled plans for a micro-LED Apple Watch, finding them too difficult to produce in the quantities that would be needed. Display supplier LG was set to make a key component for this display, and is no.....»»
Linamar"s Linda Hasenfratz steps down as CEO, remains executive chair, company says
Linamar's Linda Hasenfratz has stepped down as CEO of the Canadian parts supplier, the culmination of a years-long succession plan that will see long-time executive Jim Jarrell take over day-to-day activities at the company......»»
Luminar Q2 net loss narrows to $130.6 million; debt restructuring deal reached
The lidar supplier said revenue grew 2 percent to $16.5 million......»»
Sonic executive calls out automakers for inventory pileups
Sonic said its days' supply for some brands is as much as 200 days......»»
U.S. vehicle inventory remains under 3 million in July
New-vehicle inventory levels temporarily crossed 3 million for first time in four years during CDK outage, then retreated back, Cox said......»»
Adient net income plummets 69% in fiscal Q3 amid delayed launches, Europe troubles
Despite challenges in Europe, the global seating supplier sees promising growth opportunities with Chinese automakers......»»
Apple’s SuperDrive for reading disks seemingly discontinued with no inventory online
Many years ago, when Apple introduced the first MacBook Air, the company also announced an accessory called the Apple USB SuperDrive – which is essentially a CD and DVD player that can be connected to a Mac via USB. Even though CDs are no longer as.....»»
Intel"s grim forecast could concern automakers in wake of microchip crisis
Intel is a major supplier of semiconductors to the automotive industry, having supplied chips installed in more than 50 million vehicles. Intel says 18 automakers have vehicles with Intel chips on the road for use in their EVs and software......»»
Seating supplier to cut jobs in Detroit after truck discontinuation
Bridgewater Interiors LLC is planning to lay off 63 employees at its Detroit plant after Stellantis NV discontinues the Ram 1500 Classic. The seating supplier said it expects to make the permanent cuts by the end of September, according to a WARN.....»»
Mobileye slashes annual forecasts on uncertain demand; shares fall
Mobileye Global cut its annual revenue and profit forecasts on Thursday, slammed by volatile demand for its driver-assistance chips in China, even as it recovered from a sales slump brought on by a global auto inventory glut......»»
4 key moments in Fisker"s ongoing bankruptcy proceedings
Fisker won permission from the bankruptcy court in mid-July to sell more than 3,000 Oceans in inventory for $46.3 million, for an average price just over $14,000, according to court records......»»
Apple may have shut down a supplier"s proposed partnership with Vivo
Tata Group's acquisition of a stake in rival Vivo's India business was allegedly stopped by Apple, due to Tata owning a factory with Apple's supply chain.Mumbai, IndiaTata Group, an Indian conglomerate, has reportedly put the brakes on talks to acqui.....»»
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.....»»
Sports car seating supplier Recaro files for bankruptcy in Germany
Recaro, the legendary sport seat supplier, is insolvent. The company has a long tradition, but now fears for its future......»»
Legendary sports car seating supplier Recaro files for bankruptcy in Germany
Recaro, the legendary sport seat supplier, is insolvent. The company has a long tradition, but now fears for its future......»»
Gentex Q2 net income falls 21% on lower vehicle production
The mirror supplier said net income and revenue declined after a drop in light-vehicle production......»»