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
Tag: Recalls
@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
@GM: General Motors, LG Electronics Reach Agreement on Bolt EV Recall Costs
General Motors, LG Electronics Reach Agreement on Bolt EV Recall Costs LG will reimburse GM for recall costs and expenses 2021-10-12 WARREN, Mich. – General Motors Co. (NYSE: GM) announced today it has reached an agreement under which LG Electronics Inc. will reimburse GM for costs and expenses associated with the recall of Chevrolet Bolt… Continue reading @GM: General Motors, LG Electronics Reach Agreement on Bolt EV Recall Costs
LG has to pay "1.4 trillion won instead of 2.3 trillion won for GM recall"
LG also said, “LG’s cost of about 1.4 trillion won was reasonably estimated and calculated by assuming possible situations at this point based on the agreement with GM,” and that, “I think the additional provision will be very limited. Seoul: LG Electronics and LG Energy Solution announced on the 13th that they will cost 1.4… Continue reading LG has to pay "1.4 trillion won instead of 2.3 trillion won for GM recall"
@GM: GM Announces 2021 Q3 Earnings Conference Call Details October 13, 2021
Terms & Conditions LEGAL NOTICES PLEASE READ THESE TERMS CAREFULLY BEFORE USING THIS SITE THIS WEB SITE (THE “SITE”) IS PROVIDED BY GM FOR INFORMATIONAL PURPOSES ONLY. BY USING THE SITE, OR BY DOWNLOADING MATERIALS FROM THIS SITE, YOU AGREE TO ABIDE AND BE BOUND BY THE TERMS AND CONDITIONS CONTAINED BELOW AND ELSEWHERE WITHIN… Continue reading @GM: GM Announces 2021 Q3 Earnings Conference Call Details October 13, 2021
Safety regulator wants info on Tesla’s FSD beta, ‘safety score’ evaluation
The National Highway Traffic Safety Administration wants to know why Tesla didn’t issue a recall for Autopilot after it became obvious the driver assistance system had a problem “seeing” parked emergency vehicles. NHTSA is also asking Tesla for more information about the growing public beta test of its incomplete Full Self-Driving software, the recently launched… Continue reading Safety regulator wants info on Tesla’s FSD beta, ‘safety score’ evaluation
U.S. asks Tesla why it did not recall Autopilot after software changes
The logo of car manufacturer Tesla is seen at a dealership in London, Britain, May 14, 2021. REUTERS/Matthew Childs WASHINGTON, Oct 13 (Reuters) – U.S. auto safety regulators asked Tesla Inc (TSLA.O) why the electric-car maker has not issued a recall to address software changes made to its Autopilot driver-assistance system to improve the vehicles’… Continue reading U.S. asks Tesla why it did not recall Autopilot after software changes