Ongoing adjustments of the cost base and exceptionally high business wins have laid a foundation for future profitable growth. Kongsberg, February 25, 2025: Financial highlights Q4 2024 Revenues MEUR 185.2 (MEUR 211.0) EBIT MEUR +1.1 (MEUR -20.4) Net profit / loss MEUR -13.1 (MEUR -26.3) Free cash flow MEUR +4.2 (MEUR +4.4) Business Wins1 MEUR… Continue reading Improved financial performance despite weak market demand in 2024
Tag: Recalls
68,000 vehicles recalled by Stellantis for “fire risks”: is your car concerned by this new problem?
Tuesday, February 25, the automaker announced the recall of around 68 Citroën, Peugeot and Opel vehicles for “fire risks” linked to an internal part of the pure tech engine. A week ago, the group had already immobilized 236,000 cars due to an airbag problem. Most of the day: our exclusive selection Every day, our editorial… Continue reading 68,000 vehicles recalled by Stellantis for “fire risks”: is your car concerned by this new problem?
There’s Something Very Weird About This $30 Billion AI Startup by a Man Who Said Neural Networks May Already Be Conscious
Three years ago, OpenAI cofounder and former chief scientist Ilya Sutskever raised eyebrows when he declared that the era’s most advanced neural networks might have already become “slightly conscious.” That flair for hype is on full display at Sutskever’s new venture, another AI outfit sporting the un-subtle name of “Safe Superintelligence.” And if you were fretting… Continue reading There’s Something Very Weird About This $30 Billion AI Startup by a Man Who Said Neural Networks May Already Be Conscious
German FAZ: You had no choice008800
How nice it is to have a choice often only notices when he has no more. In a free market, which, managed by the invisible hand, fulfills the preferences of all participants as far as their willingness to pay, however, should always be the freedom of choice. Which does not mean that every provider strives… Continue reading German FAZ: You had no choice008800
Tesla recalls over 370k vehicles for steering system issue
Tesla’s recall affects Model 3 and Model Y vehicles built between Feb. 28, 2023, and Oct. 11, 2023. Go to Source
REAL AI HAS COME TO YOUR CAR, FINALLY RETURNING FREEDOM TO DRIVERS
SPARQ Diagnostics Makes the Dream of Automotive AI a Reality, Serving as a Personalized In-Car Mechanic for Most Cars on the Road Today The Entire Car’s DNA – Warranty, Recalls, Past and Future Service – Come Together in One Experience, Saving Drivers Time and Money LOS ANGELES, Feb. 24, 2025 /PRNewswire/ — Cars were built… Continue reading REAL AI HAS COME TO YOUR CAR, FINALLY RETURNING FREEDOM TO DRIVERS
AAM Announces Successful Syndication Financing and Amendment to Credit Agreement
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 Announces Successful Syndication Financing and Amendment to Credit Agreement
LOCAL HOMEBUILDING VETERAN STEWART PARKER NAMED PRESIDENT OF LANDSEA HOMES’ DALLAS-FORT WORTH DIVISION
Brings three decades of successful homebuilding leadership experience in DFW DALLAS, Feb. 24, 2025 /PRNewswire/ — Landsea Homes Corporation (Nasdaq: LSEA) (“Landsea Homes” or the “Company”), a publicly traded residential homebuilder, has named local homebuilding veteran Stewart Parker as the new President of the company’s Dallas-Fort Worth Division. “Stewart’s more than three decades of successful… Continue reading LOCAL HOMEBUILDING VETERAN STEWART PARKER NAMED PRESIDENT OF LANDSEA HOMES’ DALLAS-FORT WORTH DIVISION
Kia Syros SUV Receives 20,163 Bookings Following February Launch
In a significant development for India’s automotive sector, Kia India’s recently launched Syros SUV has garnered substantial market interest, accumulating 20,163 bookings since its introduction. The vehicle, positioned in the sub-compact SUV segment, has demonstrated notable customer preferences in its initial sales patterns. Market data reveals a strong inclination towards petrol variants, which constitute 67%… Continue reading Kia Syros SUV Receives 20,163 Bookings Following February Launch
Atul, Valeo, and Honda Partner for Battery-Swappable Electric Three-Wheelers
In a significant development for India’s electric vehicle sector, three major automotive companies have partnered to introduce battery-swappable electric three-wheelers. Atul Greentech Private Limited, Valeo India Private Limited, and Honda Power Pack Energy India (HEID) announced their collaboration to bring this innovative technology to the Indian market. The partnership introduces two new vehicles: the MOBILI… Continue reading Atul, Valeo, and Honda Partner for Battery-Swappable Electric Three-Wheelers