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......»»
This startup company says it"s Waymo, Tesla, Mobileye all in one
Japanese autonomous driving startup Tier IV positions itself as the maker of the software, like Waymo; a seller of self-driving vehicles, like Tesla; and a supplier of both hardware and software to other players in the industry, like Israeli technolo.....»»
Japan Tier IV startup says it"s Waymo, Tesla, Mobileye all in one
Japanese autonomous driving startup Tier IV positions itself as the maker of the software, like Waymo; a seller of self-driving vehicles, like Tesla; and a supplier of both hardware and software to other players in the industry, like Israeli technolo.....»»
BMW, Rimac partner on high-voltage EV battery technology
Rimac, an electric hypercar maker owned 45 percent by Porsche, is expanding its reach as a supplier of battery systems and powertrain components......»»
Thinnest iPhone 16 display bezels still a problem for OLED suppliers
The iPhone 16 could end up with even thinner bezels, but it doesn't look like any supplier has successfully gained Apple's approval for it.iPhone 15 and iPhone 15 PlusSince the iPhone X, Apple has shifted to offer consumers thinner bezels on the iPho.....»»
Strengthening defenses against nation-state and for-profit cyber attacks
There is an urgent need to secure tactical, operational, and strategic critical assets from the edge to the core. In this Help Net Security video, Geoffrey Mattson, CEO of Xage Security, discusses the steps enterprises and critical infrastructure mus.....»»
May Mobility CEO sees more prosperous path ahead for self-driving tech
Removing human safety drivers can transform the economics of self-driving businesses, pushing profit margins from "low single digits" to upward of 60 percent, May Mobility CEO Ed Olson said Wednesday......»»
Average dealership profit falls again in 2023, report from Presidio and NCM Associates shows
The stark decrease in profit will also likely bring dealership valuations down......»»
Apple supplier TSMC evacuates as earthquake hits Taiwan
A 7.2 magnitude earthquake has hit Taiwan, killing 9, and causing Apple processor manufacturer to temporarily halt production.There are no reports of TSMC facilities being damaged, but some domestic and office blocks were badly hit (Source; Reuters)W.....»»
Webasto sells majority stake in struggling EV charging unit
Webasto today closed on the sale of a majority stake in its EV charger business as the German supplier eyes a financial turnaround......»»
Plastic Omnium changes name as it adds software, lighting
The French supplier will be known as OPMobility, reflecting a broader ambition and new product line, executives said......»»
Drama intensifies in Piston Group dispute over minority certification
As a bitter legal fight over the minority status of Piston Group, the country’s largest Black-owned automotive supplier, drags on, a national feud has flared up among the councils in charge of certification......»»
Study of car lenders shows AI could mitigate bias and open lending to marginalized customers
Lenders operating in indirect retail channels such as car dealerships could improve their profit margins by over a third by using artificial intelligence to support the retailers' salespeople rather than rely on salespeople alone to price loans at th.....»»
Honda to trim U.S. dealer profit margins
The company is also making some reductions and changes in marketing, advertising and service payments as it adjusts spending for the shift to electric vehicles......»»
As GM charges forward on EVs, suppliers weigh risks
Supplier executives must choose carefully in an industry transition fraught with risk, experts say......»»
Geely profit tops estimates even as price war rages on
Geely's transition toward EVs is showing positive early results, with battery-powered vehicles, including plug-in hybrids, now making up almost 30 percent of its sales......»»
For its next growth wave, Gentex looks beyond its mirrors
Gentex CEO Steve Downing believes new technologies under development can help the supplier raise revenue by more than 40 percent......»»
Bentley buyers are splashing out $42,000 on options for each car
Bentley buyers spend $42,000 on options for each car and the manufacturer earned $640 million of operating profit in 2023......»»
Ferrari sued in U.S. for failing to fix "life-threatening" brake defect
The automaker was accused of failing to fix a problem despite multiple recalls; supplier Robert Bosch also named in proposed class action......»»
Subaru and Toyota Group"s Aisin partner on next-gen EV drivetrain
The new EV drivetrains developed with Toyota Group supplier Aisin will be lightweight, compact and designed for Subaru's rugged, all-weather driving signature. They arrive in the late 2020s......»»
Another Apple supplier hit by cancellation of a massive micro LED delivery project
A second micro LED supplier has announced the abrupt cancellation of a project believed to be for micro LED displays for the Apple Watch Ultra 3.Apple Watch UltraApple has not confirmed the cancellation of its micro LED plans for the Apple Watch Ultr.....»»