Feb 10 (Reuters) – Shares of Lyft (LYFT.O) fell more than 30% before the bell on Friday after forecasting first-quarter profit below estimates, amplifying worries that it was falling behind Uber (UBER.N) as the ride-hailing firms look to rebound from pandemic lows. Both the companies have been locked in a battle for market share coming… Continue reading Untitled
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TRAVAGLIATO, Italy, Feb 10 (Reuters) – By replacing around 60 welded components with a single module, gigantic aluminium die casting machines made by the likes of Tesla supplier IDRA Group are helping carmakers to simplify manufacturing and cut costs by up to 40% in some areas. Tesla (TSLA.O) has pioneered the use of massive casting… Continue reading Gallery
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TOKYO, Feb 10 (Reuters) – Japan’s Honda Motor Co (7267.T) on Friday posted a better-than-expected 22% rise in third-quarter operating profit, as a weak RBRyen helped offset rising raw material costs and lower vehicle production and sales amid chip supply shortages. Operating profit for the three months to Dec. 31 stood at 280.4 billion yen… Continue reading Untitled
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HANOI, Feb 10 (Reuters) – Intel Corp (INTC.O) is considering a significant increase in its existing $1.5-billion investment in Vietnam to expand its chip testing and packaging plant in the Southeast Asian nation, two sources familiar with the matter told Reuters. The possible move, which one source said could be worth about $1 billion, would… Continue reading Untitled
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SHANGHAI/BEIJING, Feb 10 (Reuters) – Tesla Inc (TSLA.O) has increased the starting price of its Model Y crossovers by 0.8% to 261,900 yuan ($38,577.11) in China, after the company’s aggressive price cuts at the beginning of the year ignited demand. Tesla raised the price for the rear-wheel drive version of Model Y by 2,000 yuan… Continue reading Gallery
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SHANGHAI, Feb 9 (Reuters) – Chinese chip foundry Semiconductor Manufacturing International Corp (SMIC) (0981.HK) on Thursday warned of a weak 2023 despite record high sales last year, as slowing demand for electronics placed pressure on its business. Backed by funding from Beijing, SMIC is China’s best hope for becoming a global leader in chip manufacturing… Continue reading Untitled
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Information you can trust Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers. Go to Source
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WASHINGTON, Feb 9 (Reuters) – SpaceX’s towering Super Heavy booster, one half of the company’s Starship rocket system, briefly roared to life for the first time on Thursday in a test-firing that puts the behemoth moon and Mars vehicle closer to its first orbital flight in the coming months, a company live stream showed. Thirty… Continue reading Untitled
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WASHINGTON, Feb 9 (Reuters) – U.S. President Joe Biden’s administration is developing a sweeping bill that would revamp the country’s asylum system to speed up the resolution of claims in large-scale processing centers at the border with Mexico, two U.S. Department of Homeland Security (DHS) officials told Reuters. The effort emerged from ongoing Biden administration… Continue reading Untitled