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Supplier Nemak swings to Q1 net profit

Revenue rose 15 percent to about $1.04 billion in the first quarter on volume growth, an improved product mix, higher aluminum prices and the euro's appreciation against the U.S. dollar......»»

Category: topSource:  autonewsApr 20th, 2021

Lear reports steep Q1 growth in seating, E-Systems

Lear said its first-quarter net income more than doubled to $204 million even amid supply chain volatility......»»

Category: topSource:  autonewsRelated News15 hr. 45 min. ago

CarGurus says CarOffer acquisition showing results

The vehicle listings company said net income surged 76 percent to $22.3 million in the first quarter......»»

Category: topSource:  autonewsRelated News15 hr. 45 min. ago

American Axle swings to $38.6M profit in Q1, launches JV for EV powertrain

American Axle said it will join forces with Israel's REE Automotive to develop an electric propulsion system for e-mobility......»»

Category: topSource:  autonewsRelated News15 hr. 45 min. ago

New weather warning gauge for Australia

Australia, the driest inhabited continent, is prone to natural disasters and wild swings in weather conditionsā€”from floods to droughts, heatwaves and bushfires......»»

Category: topSource:  physorgRelated News17 hr. 44 min. ago

CDK quarterly profit buoyed by $1.45B sale of overseas unit

CDK's net earnings from continuing operations, which do not include theĀ international business, slid 39 percent to $47.1 million in the quarter......»»

Category: topSource:  autonewsRelated News19 hr. 45 min. ago

Lear reports steep Q1 growth in seating, e-systems

Lear said its first-quarter net income more than doubled to $204 million even amid supply chain volatility......»»

Category: topSource:  autonewsRelated News19 hr. 45 min. ago

Winbond posts profit hike in 1Q21

Specialty DRAM and flash chipmaker Winbond Electronics has reported net profits jumped 350% sequentially to NT$1.59 billion (US$56.8 million) in the first quarter, with EPS reaching a 10-quarter high of NT$0.40......»»

Category: itSource:  digitimesRelated NewsMay 7th, 2021

Silicon Motion raises sales guidance for 2021

Memory device controller supplier Silicon Motion Technology has raised its revenue outlook this year, after posting record-high revenues for the first quarter......»»

Category: itSource:  digitimesRelated NewsMay 7th, 2021

Biggest ISPs paid for 8.5 million fake FCC comments opposing net neutrality

ISP-funded astroturfing used millions of real names and faked consent records. Enlarge / FCC Chairman Ajit Pai on December 14, 2017, in Washington, DC, the day of the FCC's vote to repeal net neutrality rules. (credit: Getty Images | Alex Wong ).....»»

Category: topSource:  arstechnicaRelated NewsMay 6th, 2021

Carvana doubles Q1 revenue despite lower inventory, narrows net loss

The online used-vehicle retailer said its rate of getting vehicles sale-ready has been improving......»»

Category: topSource:  autonewsRelated NewsMay 6th, 2021

PayPal is riding the e-commerce boom to record earnings

For the three-month period ending March 31, 2021, PayPal generated revenue of $6.03 billion, an increase of 29 percent year over year. Net income, meanwhile, reached $1.1 billion with earnings per share of $0.92......»»

Category: topSource:  techspotRelated NewsMay 6th, 2021

80% of the 22 million comments on net neutrality rollback were fake, investigation finds

Of the 22 million comments submitted to the FCC regarding 2017’s controversial rollback of net neutrality, some 18 million were fake, an investigation by the New York Attorney General’s office has found. The broadband industry funded the.....»»

Category: gadgetSource:  techcrunchRelated NewsMay 6th, 2021

Broadband Companies Paid For 8.5 Million Fake Net Neutrality Comments, New York AG Reports

The Office of the New York Attorney General said in a new report that a campaign funded by the broadband industry submitted millions of fake comments supporting the 2017 repeal of net neutrality. wiggles shares a report: The Federal Communications Co.....»»

Category: topSource:  slashdotRelated NewsMay 6th, 2021

Off-put by offsets: Why some advocates doubt "net zero" pledges

Look at the fine print to understand the climate goals that governments and companies have set and search for one term in particular: net-zero......»»

Category: topSource:  physorgRelated NewsMay 6th, 2021

Cars.com swings to $5.3 million profit in Q1

The company posted a $787.4 million net loss a year earlier as the coronavirus pandemic took hold. It generated an almost $1 billion charge in the first quarter of 2020......»»

Category: topSource:  autonewsRelated NewsMay 6th, 2021

Aptiv, Tenneco, Adient post quarterly gains as recovery gains steam

Aptiv said adjusted operating earnings rose 89 percent while Tenneco said adjusted earnings improved 62 percent. Adient swung to a $69 million net profit......»»

Category: topSource:  autonewsRelated NewsMay 6th, 2021

Aluminum may affect climate change by increasing ocean"s carbon sink capacity

Reducing net greenhouse gas emissions to zero as soon as possible and achieving "carbon neutrality" is the key to addressing global warming and climate change. The ocean is the largest active carbon pool on the planet, with huge potential to help ach.....»»

Category: topSource:  physorgRelated NewsMay 6th, 2021

Magna more than doubles Q1 net income, improves 2021 forecast

Magna's rising outlook reflects its growing business in China, where the automaker anticipates light-vehicle production of 24.7 million units in 2021, up from a previous estimate of 24 million......»»

Category: topSource:  autonewsRelated NewsMay 6th, 2021

Microsoft exec confirms Xbox consoles have never been profitable

Epic's lawyer Wes Earnhardt questioned Wright about the Xbox ecosystem and whether it made a profit through hardware sales. "How much margin does Microsoft earn on the sale on the Xbox consoles?" he asked. "We don't. We sell the consoles at a loss,".....»»

Category: topSource:  techspotRelated NewsMay 6th, 2021

Activision Blizzard to triple Call of Duty development after earnings exceed expectations

Thanks in part to the stay-at-home pandemic, gaming companies have been turning in higher than expected earnings for the first quarter of 2021. Activision Blizzard just reported net revenues of $2.28 billion for Q1 2021. The company had projected $2......»»

Category: topSource:  techspotRelated NewsMay 6th, 2021