SMIC expects 10-12% revenue drop in 1Q23
China-based pure-play foundry Semiconductor Manufacturing International (SMIC) expects to post a revenue decline of 10-12% sequentially in the first quarter of 2023, with gross margin falling further to 19-21%......»»
U.S. to issue proposed rules limiting Chinese vehicle software in August
The U.S. Commerce Department plans to issue proposed rules on connected vehicles next month and expects to impose limits on some software made in China and other countries deemed adversaries, a senior official said Tuesday. "We're looking at a f.....»»
Ally Q2 net income slips 11%; auto income down 19%
Ally Financial's net income fell 11 percent in the second quarter as the bank set aside more money in case of losses, experienced higher expenses and drew less net revenue from financing......»»
Uber Eats eats into Uber ridesharing
When Uber expanded into food delivery, the move was expected to bring additional revenue to the ridesharing company. It certainly did......»»
Why American Honda expects to grow faster in the U.S. than the industry this year
The Japanese automaker expects U.S. growth on returning brand loyalists and consumers sidelined during the pandemic......»»
Penske Automotive buys Bill Brown Ford, the world"s largest Ford dealership
Penske said it estimates the suburban Detroit dealership, founded in 1941 by the Brown family, will add $550 million in annual revenue. The dealership's name will stay the same. .....»»
Elon Musk signals delays to robotaxi unveiling for key design change
Musk had said in 2022 Tesla expects to mass-produce a robotaxi with no steering wheel or pedal by 2024, after missing his targets for self-driving vehicles multiple times......»»
Coastal dealers talk insurance costs, hurricane preparation know-how
NOAA expects a more active Atlantic hurricane season. Dealers, already wary of higher insurance cost,s are monitoring it......»»
1,000 battery drop-off points on the way; could reduce US dependence on China
The Department of Energy has announced that it is funding 1,000 battery drop-off points across the US, where people will be able to hand in not just batteries but also smartphones and other electronic devices which are no longer worth anything on the.....»»
It Will Soon Be Easier for Americans to Recycle Batteries
Improperly discarded batteries leak toxic chemicals and are prone to exploding. A new program funded by the Department of Energy will prop up battery drop-off sites across the US......»»
Bosch sharpens focus on software revenue stream
The supplier expects the amount of software used in vehicles to triple from 2023 to 2030......»»
Elon Musk calls for “criminal prosecution” of X ad boycott perpetrators
Congress accused advertisers group of colluding to tank X's revenue. Enlarge (credit: Apu Gomes / Stringer | Getty Images News) After the House of Representatives Committee on the Judiciary released a report accusing the.....»»
Deals: M3 MacBook Pro $1,399, nano-texture M4 iPad Pro $155 off, Philips Hue HomeKit Table Lamp, MacBook Air, more
We are kicking off today’s best Apple deals with a solid $200 price drop on the 14-inch M3 MacBook Pro to mark a return to its Amazon all-time low at $1,399. Then it’s over to Apple’s high-end 13-inch 1TB M4 iPad Pro with the nano-texture upgr.....»»
Apple Vision Pro won"t break 500k sales in 2024, even with international expansion
The Apple Vision Pro probably won't break half a million sales before the end of the year, predicts analysts, with it predicted to endure a massive drop in U.S. sales heading into the fall.Apple Vision ProApple's release of the Apple Vision Pro has b.....»»
Lowest price ever: 1TB MacBook Pro 14-inch with M3 Pro chip plunges to $1,799
A record-breaking price drop is in effect now on Apple's latest 14-inch MacBook Pro with 1TB of storage, with the M3 Pro model on sale for $1,799. Plus, save $50 on AppleCare.Update: The initial allotment sold out and the laptop is now $1,999 with th.....»»
Connected cars are supposed to generate lots of revenue. So far, they have not.
The automotive industry is still sorting out the details as it seeks to reap profits from the data generated and gathered through the car......»»
iOS 17.5.2 Update Reportedly in the Works
Apple’s reportedly working on a new iOS 17.5.2 update for iPhone which means we’ll see new software drop before iOS 17.6. According to a private and anonymous account on X, an account that has accurately shared early information about App.....»»
New discovery boosts bioethanol production efficiency and profits
A new technique to monitor contamination in bioethanol production could increase revenue by more than $1.6 billion USD and reduce CO2 emissions by 2 million tons......»»
Every last drop: Zero-waste water builds water resilience
Reusing wastewater could be the solution to Europe's growing water scarcity problem......»»
Get ready for a monumental iPhone 16 super cycle, says Wedbush
Investment firm Wedbush now expects what it calls a massive upgrade cycle for the forthcoming iPhone 16 range, and even an end to Apple's problems in China.Renders of the forthcoming iPhone 16 ProWedbush has been bullish about Apple since WWDC. In pa.....»»
GM’s China sales slide 29% in Q2 amid EV transition
GM and its two Chinese partners delivered 373,000 vehicles in China in the second quarter, a drop of 29 percent from a year earlier, as the Detroit automaker continues to struggle in a market shifting to electric vehicles and hybrids......»»