DETROIT, Oct. 27, 2021 /PRNewswire/ — General Motors Co. (NYSE: GM) today reported third-quarter earnings that include strong price and mix performance in North America, the benefit of the company’s recall cost recovery agreement with LG Electronics and the continued strong financial results at GM Financial. As a result, the company is on track to deliver… Continue reading @GM: GM Reports Third-Quarter 2021 Results October 27, 2021
Tag: Recalls
Tesla recalls nearly 3,000 Model 3 and Model Y vehicles over separating suspensions
Tesla is recalling 2,791 Model 3 and Model Y vehicles over concerns that their front suspension lateral link fasteners may loosen, potentially shifting the wheel alignment and increasing the risk of a crash. The affected vehicles are 2019, 2020 and 2021 versions of the Model 3, and 2020 and 2021 editions of the Model Y.… Continue reading Tesla recalls nearly 3,000 Model 3 and Model Y vehicles over separating suspensions
LG Announces Third-Quarter 2021 Financial Results
October 28, 2021 LG Announces Third-Quarter 2021 Financial Results Open share list Share this content. Highest Quarterly Revenues in Company History ReflectStrong Demand for Premium LG Home Appliances and TVs SEOUL, Oct. 28, 2021 — LG Electronics Inc. (LG) today announced third-quarter 2021 consolidated revenues of KRW 18.79 trillion (USD 16.23 billion), an increase of 22… Continue reading LG Announces Third-Quarter 2021 Financial Results
Sedgwick introduces enhanced end-to-end automotive claims solution
MEMPHIS, Tenn., Oct. 27, 2021 /PRNewswire/ — Sedgwick, a leading global provider of technology-enabled risk, benefits and integrated business solutions, has launched a comprehensive, end-to-end automotive loss adjusting, claims administration and product recall offering. This is the most complete solution available in the U.S., thanks to Sedgwick’s presence in all 50 states and service offerings… Continue reading Sedgwick introduces enhanced end-to-end automotive claims solution
World NM: Hyundai Motor’s Q3 profit misses estimates as chip shortage takes a toll001617
-South Korea’s Hyundai Motor Co swung to a profit in the third quarter but slightly missed analysts’ estimates as the ongoing global chip shortage drove down shipments of vehicles. In the same period a year earlier it posted a loss of 336 billion won when it was hit by a one-time expense related to engine… Continue reading World NM: Hyundai Motor’s Q3 profit misses estimates as chip shortage takes a toll001617
LG Chem Q3 results miss estimates, hit by GM Bolt recall cost
Revenue rose 41% to 10.6 trillion won, LG Chem said in a regulatory filing. South Korea’s LG Chem Ltd posted a 20% fall in quarterly profit on Monday, hurt by a one-off expense associated with the recall of General Motors‘ Bolt electric vehicles. It reported an operating profit of 727 billion won ($617.55 million) for… Continue reading LG Chem Q3 results miss estimates, hit by GM Bolt recall cost
@Groupe PSA: PR Stellantis and Samsung SDI to Form Joint Venture for Lithium-Ion Battery Production in North America002696
AMSTERDAM – Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) and Samsung SDI today announced that their companies have entered into a memorandum of understanding to form a joint venture to produce battery cells and modules for North America. Targeted to start in 2025, the plant aims to have an initial annual production capacity… Continue reading @Groupe PSA: PR Stellantis and Samsung SDI to Form Joint Venture for Lithium-Ion Battery Production in North America002696
AAM to Announce Third Quarter Financial Results on November 5
AAM Terms of Use & Privacy Policy Terms of Use ATTENTION: PLEASE READ THESE TERMS CAREFULLY BEFORE USING THIS WEBSITE. USING THIS WEBSITE INDICATES THAT YOU ACCEPT THESE TERMS. IF YOU DO NOT ACCEPT THESE TERMS (“TERMS”), DO NOT USE THIS SITE. Use of AAM Website American Axle & Manufacturing, Inc. and/or its respective… Continue reading AAM to Announce Third Quarter Financial Results on November 5
@FCA: Statement: Relay
Statement: Relay October 22, 2021 , Auburn Hills, Mich. – FCA US LLC is recalling an estimated 131,177 U.S.-market vehicles to prevent a possible engine-compartment electrical short. An internal investigation discovered the intake heater-grid relays on certain vehicles may exhibit overheating. In rare instances, this condition may pose a fire risk. The Company is aware of a single… Continue reading @FCA: Statement: Relay
An Engineer Recalls How AI Broke the Exascale Barrier
Thorsten Kurth still remembers the night he discovered his team broke the exascale barrier. On the couch at home at 9 p.m., he was pouring over the latest results from one of the first big jobs run on Summit, then the world’s top supercomputer, based at Oak Ridge National Laboratory. The 12-person team had spent… Continue reading An Engineer Recalls How AI Broke the Exascale Barrier