VPEC rises as top GaAs epiwafer supplier
Taiwan-based epiwafer maker Visual Photonics Epitaxy (VPEC) has emerged as the world's top supplier of GaAs epiwafers with its market share in the segment surpassing that of British peer IQE by 14-15%, according to industry sources......»»
Ahead of iPhone 16, AI demand boosts Apple supplier Foxconn"s profits
Foxconn, Apple's iPhone 16 manufacturer has reported a fourth consecutive quarter of profit increases, which it credits to demand for AI servers.Workers in a Foxconn factoryFor the previous quarter, Foxconn's increased profits came from better than e.....»»
After micro-LED Apple Watch cancellation, LG seeking compensation
It was reported earlier this year that Apple cancelled plans for a micro-LED Apple Watch, finding them too difficult to produce in the quantities that would be needed. Display supplier LG was set to make a key component for this display, and is no.....»»
Linamar"s Linda Hasenfratz steps down as CEO, remains executive chair, company says
Linamar's Linda Hasenfratz has stepped down as CEO of the Canadian parts supplier, the culmination of a years-long succession plan that will see long-time executive Jim Jarrell take over day-to-day activities at the company......»»
Luminar Q2 net loss narrows to $130.6 million; debt restructuring deal reached
The lidar supplier said revenue grew 2 percent to $16.5 million......»»
Openlane"s vehicle volume up 7%, revenue rises 3.6% in Q2
The CDK outage in June disrupted operations for some of Openlane's clients, which had a "small" impact on the company's second-quarter volume, its CEO said......»»
ACV Auctions says Q2 net loss widened to $17M, revenue rises 29%
ACV Auctions said the number of used vehicles sold by dealers and commercial auto companies on its wholesale marketplace platform grew 22 percent year over year......»»
Openlane"s vehicle volume up 7%, revenue rises 4% in Q2
The CDK outage in June disrupted operations for some of Openlane's clients, which had a "small" impact on the company's second-quarter volume, its CEO said......»»
Amazon deforestation rises for the first time in 15 months
Deforestation in Brazil's Amazon rainforest increased in July for the first time in 15 months, according to official data released Wednesday......»»
Honda quarterly profit rises to record high on strong U.S. sales, weak yen
Honda has been cashing in on a surge in demand for hybrids as fading subsidies weigh on sales of battery-electric vehicles globally. The weak yen is helping out, too. .....»»
Adient net income plummets 69% in fiscal Q3 amid delayed launches, Europe troubles
Despite challenges in Europe, the global seating supplier sees promising growth opportunities with Chinese automakers......»»
Intel"s grim forecast could concern automakers in wake of microchip crisis
Intel is a major supplier of semiconductors to the automotive industry, having supplied chips installed in more than 50 million vehicles. Intel says 18 automakers have vehicles with Intel chips on the road for use in their EVs and software......»»
Seating supplier to cut jobs in Detroit after truck discontinuation
Bridgewater Interiors LLC is planning to lay off 63 employees at its Detroit plant after Stellantis NV discontinues the Ram 1500 Classic. The seating supplier said it expects to make the permanent cuts by the end of September, according to a WARN.....»»
Apple may have shut down a supplier"s proposed partnership with Vivo
Tata Group's acquisition of a stake in rival Vivo's India business was allegedly stopped by Apple, due to Tata owning a factory with Apple's supply chain.Mumbai, IndiaTata Group, an Indian conglomerate, has reportedly put the brakes on talks to acqui.....»»
Sports car seating supplier Recaro files for bankruptcy in Germany
Recaro, the legendary sport seat supplier, is insolvent. The company has a long tradition, but now fears for its future......»»
Legendary sports car seating supplier Recaro files for bankruptcy in Germany
Recaro, the legendary sport seat supplier, is insolvent. The company has a long tradition, but now fears for its future......»»
Balancing the seesaw: Simultaneously enhancing strength and elongation in metallic materials
Just as one side of a seesaw rises while the other falls, in the realm of metallic materials, "strength" and "elongation" typically conflict with each other. However, a collaborative team from POSTECH and Northwestern University has recently introduc.....»»
Lamborghini"s revenue rises 14% as switch to hybrid models nears completion
First-half deliveries increased 4 percent, putting Lamborghini on course to beat last year's record......»»
Gentex Q2 net income falls 21% on lower vehicle production
The mirror supplier said net income and revenue declined after a drop in light-vehicle production......»»
Ford Q2 earnings: Net income falls 4.5%, but revenue rises on strong commercial vehicle sales
Ford attributed a 6.5 percent revenue increase to strong results from its Ford Pro commercial vehicle unit, which earned $2.6 billion and achieved a 15.1 percent margin......»»
GM Wentzville production idled by UAW strike at Lear seating plant
Production of midsize pickups and full-size vans at GM's Wentzville, Mo., assembly plant has been impacted by a strike at a nearby supplier factory......»»