VinFast founder commits $1 billion as EV maker bleeds cash
Vietnamese billionaire Pham Nhat Vuong pledged to invest at least another $1 billion of his personal wealth into VinFast Auto Ltd., providing the capital needed for expansion of the struggling electric vehicle maker......»»
Making Maker Faire Across the Czech Republic
This year, Maker Faire from producers Maker More is working its way across Czech towns large and small, making magic, show & tell, and building local maker culture. Coming up on May 11 & 12, the ever inventive flagship show in Prague. The post Makin.....»»
American Axle revenue, profit climb in first quarter
American Axle & Manufacturing Holdings Inc. increased revenue and profit in the first quarter thanks to steadier production from its customers. The automotive supplier saw year-over-year revenue growth of 7 percent to $1.6 billion during the period,.....»»
Carvana set to dig back into used-car market after latest quarter, analysts say
Analysts bullish on Carvana said its Q1 results are a sign it has recovered from a two-year period of losses and cash burn that forced new focus on profitability......»»
Lucid to report Q1 earnings amid cash burn, waning EV growth
The startup produced 1,728 Air sedans in the first quarter, running behind its 2024 forecast of 9,000 vehicles. Lucid plans to launch a second model, the Gravity crossover, this year......»»
Rivian taps Volvo executive as COO ahead of new-model launch
Rivian Automotive Inc. hired Javier Varela as its new chief operations officer to help the electric-vehicle maker scale output as it prepares to roll out a lower-cost model geared for the mass market......»»
Carvana CEO Ernie Garcia and his father make $11 billion in 3,000% stock rebound
The one-day surge in Carvana shares pushed the older Garcia’s fortune to $10.9 billion from a 2022 low of $3.1 billion, while his son’s net worth climbed to $3.8 billion, according to the Bloomberg Billionaires Index......»»
Research explores energy and land-use practices on US golf courses
In 2018, golf was estimated to contribute significantly to the US economy, generating $84 billion, supporting 2 million jobs, and providing $59 billion in compensation. Given its prominence, golf holds a valuable position within US culture. However,.....»»
Tim Cook says DOJ antitrust lawsuit against Apple is ‘misguided’
Apple on Thursday announced its earnings for the second fiscal quarter of 2024, slightly beating expectations with $90.75 billion in revenue. During an interview, Cook also took a moment to talk about the US Department of Justice’s (DOJ) antitrust.....»»
Apple announces Q2 2024 earnings, slightly beating expectations with $90.75 billion revenue
Apple has disclosed its fiscal year 2024 Q2 earnings results. The company reports $90.75 billion in revenue during the three-month period, dropping 4.31% year over year. Analysts expected revenue around $90.33 billion. Apple netted $23.64 billion i.....»»
Apple CEO Tim Cook bullish on China, thinking long-term
After revealing Apple's Q2 earnings, CEO Tim Cook shared he "feels great" about China due to beating expectations in a competitive environment.iPhone doing well in China despite shrinking marketApple earned $90.8 billion in the March quarter, beating.....»»
Rivian will add more than 500 jobs in Normal to make new EV crossover
It’s another way the EV maker continues to be the economic-development gift that keeps on giving for Illinois......»»
The COVID-19 pandemic changed our patterns and behaviors, which in turn affected wildlife
The Earth now supports over eight billion people who collectively have transformed three-quarters of the planet's land surface for food, energy, shelter and other aspects of the human enterprise......»»
Google paid Apple $20 Billion to be default search engine in 2022
The ongoing antitrust lawsuit against Alphabet by the Justice Department has revealed that Google paid Apple a staggering $20 billion in 2022 for default search engine status.In 2022, Alphabet paid Apple $20 billionGoogle's relationship has been unde.....»»
Here’s how much Google paid Apple to be Safari’s default search engine in 2022
It’s no secret that Google pays Apple a lot of money to be the default search engine for the Safari web browser on iOS and macOS. In 2021, the company paid $15 billion to keep Google as the default search engine on Apple platforms. Now a report has.....»»
Email Microsoft didn’t want seen reveals rushed decision to invest in OpenAI
Microsoft CTO made a "mistake" dismissing Google's AI as a "game-playing stunt." Enlarge (credit: HJBC | iStock Editorial / Getty Images Plus) In mid-June 2019, Microsoft co-founder Bill Gates and CEO Satya Nadella recei.....»»
Tesla retreats from next-generation ‘gigacasting’ manufacturing process
Tesla has backed away from an ambitious plan for innovations in gigacasting, its pioneering manufacturing process, according to two sources familiar with the matter, in another sign that the electric-vehicle maker is retrenching amid falling sales an.....»»
Goldman in talks with Barclays on GM Credit Card deal, WSJ Says
Goldman Sachs Group Inc. is in discussions to transfer its General Motors Co. credit-card business to Barclays Plc. The British lender is the lead candidate to take over the credit card portfolio with about $2 billion in outstanding balances,.....»»
LG TVs become first to support Dolby Atmos natively in Apple Music
LG has become the first TV maker to add native support for Dolby Atmos in the Apple Music app on its TVs. The new feature has arrived through a software update to the Apple Music app on LG TVs, bringing a more immersive surround sound experience to L.....»»
A closer look at Apiiro’s SHINE partner program
In this Help Net Security video, Adam LaGreca, Founder of 10KMedia, sat down with John Leon, VP of Partnerships at Apiiro, discusses the company’s new technology partner program SHINE. The name stands for the program’s guiding principles.....»»
Researchers find that calcium can protect potato plants from bacterial wilt
Scientists have discovered that calcium plays a significant role in enhancing the resistance of potato plants to bacterial wilt. This disease causes worldwide losses of potatoes costing $19 billion per year. The findings open up new avenues for integ.....»»