Snap CEO Evan Spiegel wrote in an internal memo that the company will miss its revenue goals for this quarter. Snap will also slow its pace of hiring, a tactic that companies like Meta and Uber have employed as a way to cut costs. Though Snap continues to grow year over year, Spiegel says the… Continue reading Snap says it will miss this quarter’s revenue goals and slow hiring
Tag: Mobility
NEVONEX market launch: now available in German-speaking regions
Mobility Solutions is the largest Bosch Group business sector. It generated sales of 45.3 billion euros in 2021, and thus contributed 58 percent of total sales from operations. This makes the Bosch Group one of the leading automotive suppliers. The Mobility Solutions business sector pursues a vision of mobility that is safe, sustainable, and exciting,… Continue reading NEVONEX market launch: now available in German-speaking regions
Bosch Power Tools sets all-time high with sales of 5.8 billion euros in 2021
The Robert Bosch Power Tools GmbH, a division of the Bosch Group, is one of the world’s leading providers for power tools, garden tools, power tool accessories and measuring tools. In 2021, its roughly 21,000 associates generated sales of 5.8 billion euros, about 80 percent of which outside of Germany. With brands such as Bosch… Continue reading Bosch Power Tools sets all-time high with sales of 5.8 billion euros in 2021
@Ford: Jim Farley to Discuss Ford+ Plan for Growth, Value Creation, Shift to Digital EVs at Bernstein Conference on June 1
About Ford Motor Company Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan, that is committed to helping build a better world, where every person is free to move and pursue their dreams. The company’s Ford+ plan for growth and value creation combines existing strengths, new capabilities and always-on relationships with… Continue reading @Ford: Jim Farley to Discuss Ford+ Plan for Growth, Value Creation, Shift to Digital EVs at Bernstein Conference on June 1
@Hyundai: Kia Sells 10 Millionth Vehicle in the United States
Kia is Among the Fastest OEMs to Reach the 10 Million Mark in America Continuing its rapid expansion, this month Kia America celebrates the sale of the 10 millionth Kia vehicle in the U.S. Since start of sales in 1993, Kia’s growth is one of the auto industry’s greatest success stories and the result of… Continue reading @Hyundai: Kia Sells 10 Millionth Vehicle in the United States
Hyundai plans to spend $10B on EVs, AVs and robotics in the US by 2025
Hyundai said it plans to invest more than $10 billion toward accelerating electrification and autonomous vehicle technology in the U.S. by 2025. Part of that pot includes the $5.5 billion Hyundai has earmarked for its new EV plant and battery manufacturing facility in Georgia announced Friday. Non-affiliated suppliers are contributing another $1 billion into that… Continue reading Hyundai plans to spend $10B on EVs, AVs and robotics in the US by 2025
Europa Wire: Rheinmetall and its joint venture in China to deliver millions of transmission housings for a world-leading maker of electric vehicles000316
Rheinmetall and its joint venture in China to deliver millions of transmission housings for a world-leading maker of electric vehicles (PRESS RELEASE) DÜSSELDORF, 23-May-2022 — /EuropaWire/ — Rheinmetall AG (ETR: RHM), a German integrated technology group active in the automotive and defence industries, has announced a major order for the supply of millions of transmission… Continue reading Europa Wire: Rheinmetall and its joint venture in China to deliver millions of transmission housings for a world-leading maker of electric vehicles000316
Energy Grids Plug into AI for a Brighter, Cleaner Future
Electric utilities are taking a course in machine learning to create smarter grids for tough challenges ahead. The winter 2021 megastorm in Texas left millions without power. Grid failures the past two summers sparked devastating wildfires amid California’s record drought. “Extreme weather events of 2021 highlighted the risks climate change is introducing, and the importance… Continue reading Energy Grids Plug into AI for a Brighter, Cleaner Future
New Mercedes MMA all-electric platform to make its debut in 2024
Mercedes’s new MMA electric vehicle platform will make its debut in 2024 on a new model, which will also signify a change to the entry point in the firm’s line-up, according to CEO Ola Kallenius. On a recent investor call the German brand confirmed that the MMA platform, which will focus on “entry luxury” models,… Continue reading New Mercedes MMA all-electric platform to make its debut in 2024
Average U.S. vehicle is now a record 12.2 years old
The average age of light vehicles in operation has hit a record, increasing by two months this year to 12.2 years, as a shortage of vehicles is keeping Americans in their cars for longer, according to a study released on Monday. It’s the fifth consecutive year of increase even as the U.S. vehicle fleet recovered, growing by… Continue reading Average U.S. vehicle is now a record 12.2 years old