Mobileye shares plunge after self-driving tech company cuts guidance amid Tesla’s EV price war

Mobileye signage during the company’s IPO at the Nasdaq MarketSite in New York, US, on Wednesday, Oct. 26, 2022. Mobileye Global Inc., the self-driving technology company owned by Intel Corp., priced one of the biggest US initial public offerings of the year above its marketed range to raise $861 million. Michael Nagle | Bloomberg |… Continue reading Mobileye shares plunge after self-driving tech company cuts guidance amid Tesla’s EV price war

Wall Street worries GM will face a tougher 2023 than the automaker is letting on

Mary Barra, chief executive officer of General Motors Co., during the South by Southwest festival in Austin, Texas, March 14, 2023. Jordan Vonderhaar | Bloomberg | Getty Images DETROIT — Doubts are creeping in on Wall Street about the rest of 2023 for General Motors. The company on Tuesday beat Wall Street’s first-quarter earnings expectations… Continue reading Wall Street worries GM will face a tougher 2023 than the automaker is letting on

German FAZ: “Inflation is a disease”005760

Demonstrators in Paris: Inflation is also fueling dissatisfaction. Image: EPA High food inflation has alarmed the French. The debate has picked up speed, as has the blame game. Michel-Édouard Leclerc rarely minces his words. But last week, the boss and founder’s son of France’s largest supermarket chain of the same name shared on the radio… Continue reading German FAZ: “Inflation is a disease”005760

NYC Mayor Defends Robodog Deployed in Garage Collapse

“This is not playtime. This is real time.” Digital Dog-sters New York recently deployed a robot dog to the scene of a catastrophe to uncover a body— and according to the city’s unpopular mayor, this dystopian factoid is good, actually. In a press conference, New York City Mayor Eric Adams hailed the FDNY’s Boston Dynamics-developed… Continue reading NYC Mayor Defends Robodog Deployed in Garage Collapse

Airbiquity wurde von LiveWire ausgewählt, um Over-the-Air-Software-Updates für Elektromotorräder zu ermöglichen

LiveWire verbessert durch dieOTAmatic Software Management Platform von Airbiquity das Erlebnis der Besitzer von Elektromotorrädern  SEATTLE, 27. April 2023 /PRNewswire/ — Airbiquity ®, ein weltweit führender Anbieter von Dienstleistungen für vernetzte Fahrzeuge, gab heute bekannt, dass das Unternehmen von der LiveWire Group (LiveWire) ausgewählt wurde, um Remote-Software-Updates für sein weltweites Portfolio an Elektromotorrädern zu ermöglichen. Die OTAmatic®-Lösung von Airbiquity… Continue reading Airbiquity wurde von LiveWire ausgewählt, um Over-the-Air-Software-Updates für Elektromotorräder zu ermöglichen

‘Armored Core VI: Fires of Rubicon’ delivers fast-paced mech combat this August

FromSoftware also teased the upcoming title’s story and gameplay details. Fans of the long-dormant Armored Core series can look forward to the franchise’s return before long, as FromSoftware announced today that Armored Core VI: Fires of Rubicon launches on August 25th. In addition, there is a new trailer and fresh story / gameplay details that… Continue reading ‘Armored Core VI: Fires of Rubicon’ delivers fast-paced mech combat this August

Automotive refurbished turbochargers market size to grow by USD 163.71 million from 2021 to 2026; Growth driven by lower cost of refurbished turbochargers – Technavio

NEW YORK, April 27, 2023 /PRNewswire/ — The global automotive refurbished turbochargers market size is estimated to increase by USD 163.71 million from 2021 to 2026. The market’s growth momentum will be progressing at a CAGR of 3.72% during the forecast period. The market is driven by the lower cost of refurbished turbochargers. Refurbished turbochargers are… Continue reading Automotive refurbished turbochargers market size to grow by USD 163.71 million from 2021 to 2026; Growth driven by lower cost of refurbished turbochargers – Technavio

Automotive refurbished turbochargers market size to grow by USD 163.71 million from 2021 to 2026; Growth driven by lower cost of refurbished turbochargers – Technavio

NEW YORK, April 27, 2023 /PRNewswire/ — The global automotive refurbished turbochargers market size is estimated to increase by USD 163.71 million from 2021 to 2026. The market’s growth momentum will be progressing at a CAGR of 3.72% during the forecast period. The market is driven by the lower cost of refurbished turbochargers. Refurbished turbochargers are… Continue reading Automotive refurbished turbochargers market size to grow by USD 163.71 million from 2021 to 2026; Growth driven by lower cost of refurbished turbochargers – Technavio

UPDATE 1-Chinese EV giant BYD’s first-quarter profit jumps fivefold

(Adds details and context) BEIJING/SHANGHAI, April 27 (Reuters) – Chinese electric vehicle giant BYD Co. posted a fivefold jump in its first-quarter profit on Thursday as the company consolidated its leadership in the domestic market. Net profit for the first three months of the year was 4.13 billion yuan ($596.56 million), up 410.9% from 808.41… Continue reading UPDATE 1-Chinese EV giant BYD’s first-quarter profit jumps fivefold

Chinese EV giant BYD’s first-quarter profit jumps fivefold

BEIJING/SHANGHAI (Reuters) -Chinese electric vehicle giant BYD Co. posted a fivefold jump in its first-quarter profit on Thursday as the company consolidated its leadership in the domestic market. Net profit for the first three months of the year was 4.13 billion yuan ($596.56 million), up 410.9% from 808.41 million yuan a year earlier, on revenue… Continue reading Chinese EV giant BYD’s first-quarter profit jumps fivefold