Rochester ― Oakland County should experience continued “positive” economic growth over the next three years, even as the national economy continues to recover from the impact of the COVID-19 pandemic, two University of Michigan economists said Monday. Presenting their projections to dozens of business and county leaders as part of Oakland County’s 38th annual economic… Continue reading Oakland Co. job numbers on track to hit pre-COVID levels by 2025, say UM economists
Category: US Motoring Press
Warren Buffett’s company keeps selling carmaker BYD’s stock
Omaha, Neb. – Warren Buffett’s company continues selling off its stake in Chinese electric car manufacturer BYD and now holds less than 10% of the company’s stock. Berkshire Hathaway revealed the latest sale of 1.96 million BYD shares worth about $58.9 million ($462 million Hong Kong dollars) Monday in a filing with the Hong Kong… Continue reading Warren Buffett’s company keeps selling carmaker BYD’s stock
Germany asked to overhaul its car taxation to meet climate goals
This content is only available to subscribers. Get unlimited digital access. $1 for the first 3 months. Subscribe Now Your subscription supports: Trusted, up-to-date local Detroit and Michigan-wide breaking news. Accurate, fact-based journalism without an agenda, so you get the information you need to make informed decisions. Complete coverage and commentary on Michigan politics from… Continue reading Germany asked to overhaul its car taxation to meet climate goals
New cars, once part of the American dream, now out of reach for many
This content is only available to subscribers. Get unlimited digital access. $1 for the first 3 months. Subscribe Now Your subscription supports: Trusted, up-to-date local Detroit and Michigan-wide breaking news. Accurate, fact-based journalism without an agenda, so you get the information you need to make informed decisions. Complete coverage and commentary on Michigan politics from… Continue reading New cars, once part of the American dream, now out of reach for many
Indiana site remains in play for GM battery plant with new partner
A site in New Carlisle, Indiana, remains in play for General Motors Co.’s fourth battery plant — with the automaker looking to receive tax incentives for the facility it now plans to build with a new battery partner, according to a St. Joseph County Council agenda. GM previously received approval for tax incentives in September… Continue reading Indiana site remains in play for GM battery plant with new partner
Craftsman Automation Q4 PAT up 51% at Rs 77.66 crore
Bengaluru-based diversified engineering company Craftsman Automation has reported a 51 percent jump in its consolidated net profit at Rs 77.66 crore during the fourth quarter ended March 31, 2023. The company had posted Rs 51.46 crore net profit in the same quarter year ago. The company’s total consolidated income stood at Rs 985.25 crore in… Continue reading Craftsman Automation Q4 PAT up 51% at Rs 77.66 crore
Exide Industries’ Q4 PAT rises 3.5% to Rs 208 crore
Automotive and industrial battery maker Exide on Tuesday reported a 3.5 percent increase in its standalone profit after tax of Rs 208 crore in Q4FY23 as compared to Rs 201 crore in the same quarter last year. Meanwhile, the company’s revenue from operations increased by 4 percent on a yearly basis, at Rs 3,543 crore… Continue reading Exide Industries’ Q4 PAT rises 3.5% to Rs 208 crore
Lamborghini sales and revenue hit record levels in Q1 2023
Automobili Lamborghini’s growth continues with the Italian supercar manufacturer registering record results again in the first quarter of 2023 compared to Q1 CY2022. In a particularly intense year for the Sant’Agata Bolognese company, with its 60th anniversary celebrations and the launch of its first hybrid, the new Lamborghini Revuelto, these figures confirm the strength of the… Continue reading Lamborghini sales and revenue hit record levels in Q1 2023
Vitesco Technologies develops new rotor without permanent magnets which works without rare earth minerals
Vitesco Technologies, an international supplier of modern drive technologies and electrification solutions, has developed a fully integrated electric axle drive platform (EMR4, Electronics Motor Reducer, which is being broadened by a new option to enable an even better life cycle assessment. This is the new rotor without permanent magnets that is now part of the… Continue reading Vitesco Technologies develops new rotor without permanent magnets which works without rare earth minerals
Qualcomm to acquire V2X semiconductor major Autotalks
Qualcomm Incorporated has announced that its subsidiary, Qualcomm Technologies, has entered into a definitive agreement to acquire Autotalks, the fabless semiconductor company dedicated to V2X (vehicle-to-everything) communications since 2009. Autotalks, an Israeli start-up, provides automotive qualified dual-mode global V2X solutions compatible with multiple V2X standards designed to reduce collisions and improve mobility. The combination of… Continue reading Qualcomm to acquire V2X semiconductor major Autotalks