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......»»
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.....»»
Q&A: How Instagram influencers profit from anti-vaccine misinformation
While Instagram might have a reputation for superficiality—a realm of exquisitely filtered images—it is now eclipsing other social media as a news source. The platform is increasingly filled with information, some of it pernicious and distributed.....»»
Never-before-seen Linux malware gets installed using 1-day exploits
Discovery means that NerbianRAT is cross-platform used by for-profit threat group. Enlarge (credit: Getty Images) Researchers have unearthed Linux malware that circulated in the wild for at least two years before being i.....»»
Nissan fully pays supplier contracts as Japan regulators swoop
Nissan withheld full payments to dozens of subcontracted suppliers in an allegedly illegal cost-cutting scheme that was investigated by Japanese regulators. .....»»
F&I gross profit per vehicle down for 4 of 6 publics in Q4
Same-store finance and insurance gross profit per car sold fell at four of the top six franchised auto dealership groups in the fourth quarter compared with a year earlier. AutoNation was the only major new-vehicle public retailer to grow F&I profit.....»»
UAW wins organizing vote at supplier to GM, Tesla, Stellantis
The vote was 42-37 for the UAW at GNS North America in suburban Detroit. The plant employs 110 workers......»»
UAW wins organizing vote at supplier to GM, Tesla, Stellantis
The vote was 42-37 for the UAW at GNS North America in suburban Detroit. The plant employs 110 workers......»»
Photos: BSidesZagreb 2024
BSidesZagreb is a complimentary, non-profit conference driven by community participation, designed for information security professionals and enthusiasts to gather, exchange ideas, and collaborate. Help Net Security sponsored the 2024 edition that to.....»»
Why creating software-defined vehicles is ‘costly, painful and intense"
Automakers are struggling to create a smartphone on wheels because it requires a complete rethink of vehicle development, new supplier relationships and an overhaul of corporate culture......»»
Apple hit with class action lawsuit over iCloud’s 5GB limit and iPhone backup restrictions
A newly-proposed class action lawsuit alleges that Apple has “marked up its iCloud prices to the point where the service is generating almost pure profit.” As reported first by Bloomberg Law, the plaintiffs accuse Apple of “rigging the competit.....»»
Elon Musk Sues OpenAI, Sam Altman for Breaching Firm’s Founding Mission
Musk alleges they breached the firm's founding agreement by putting profit ahead of benefiting humanity. Elon Musk sued OpenAI and its Chief Executive Officer Sam Altman, alleging they violated the artificial intelligence startup&rs.....»»
Micro-LED Apple Watch Ultra project is unlikely to have been cancelled
Ah, the joys of Apple supply-chain reports. Two reports yesterday said that Apple’s micro-LED Apple Watch Ultra project was apparently cancelled, based on a statement by an Apple display supplier. Doubt was expressed about this conclusion, and t.....»»
EV maker Polestar raises $950 million, anticipates improved profit margin
Polestar projects double-digit gross profit margin by year end......»»
VisionDevCamp is a three-day hackathon for Vision Pro Devs
A three-day, low-cost, hackathon will take place in Santa Clara, California, giving developers a chance to team up and create apps for the Apple Vision Pro.VisionDevCamp to be held March 29 through March 31The not-for-profit event will be held from M.....»»