HEYCO-Werk USA Inc., an auto plastics manufacturer, is planning to spend more than $12 million on a new production facility in Gaston County, Gov. Roy Cooper announced Thursday. The German-based company will add 34 jobs to the Charlotte region, according to a news release from the governor’s office. HEYCO-Werk USA produces plastic molded parts for […]
Tesla stock (TSLA) fell as much as 12% on Thursday after the company reported fourth quarter earnings late Wednesday that missed estimates and issued a downbeat full-year production outlook. For the fourth quarter, Tesla reported top line revenue of $25.17 billion against $25.87 billion expected; revenue rose approximately 3% from a year ago. Tesla reported […]
Tesla stock (TSLA) fell as much as 8% early Thursday after the company reported fourth quarter earnings late Wednesday that missed estimates and issued a downbeat full-year production outlook. For the fourth quarter, Tesla reported top line revenue of $25.17 billion against $25.87 billion expected; revenue rose approximately 3% from a year ago. Tesla reported […]
Electric vehicles (EVs) are approaching an industry crossroads. Battery range is arguably the biggest obstacle to EV adoption today, and traditional lithium-ion batteries are potentially topping out. QuantumScape (NYSE: QS) is racing to solve that problem by developing solid-state batteries, a new technology that allegedly provides superior range, durability, and safety. Such a breakthrough could […]
Jan. 21 (UPI) — U.S. Department of Homeland Security officers have searched a Chinese auto parts maker that a congressional committee has accused of trade fraud. DHS officers executed the search warrant at Harco Manufacturing Group in Moraine, Ohio, on Thursday, according to the Dayton Daily News. Harco is a subsidiary of Sunsong, the Chinese […]
(Reuters) — IRobot shares slumped 36% in premarket trading on Friday after a report the European Union antitrust regulator was planning to block Amazon.com’s $1.4 billion buyout of the Roomba vacuum maker. Amazon was informed during its meeting on Thursday with the European Commission, the EU’s executive arm, that the deal was likely to be […]
(Reuters) – IRobot shares slumped 36% in premarket trading on Friday after a report the European Union antitrust regulator was planning to block Amazon.com’s $1.4 billion buyout of the Roomba vacuum maker. Amazon was informed during its meeting on Thursday with the European Commission, the EU’s executive arm, that the deal was likely to be […]
The News Transsion, the top smartphone seller in Africa, posted the highest annual growth in smartphone shipments in 2023 of the top five phone makers in the world. The Shenzhen, China company shipped 95 million units of smartphones last year, 30.8% more than it did in 2022, according to technology research firm International Data Corporation. […]
Vietnamese electric vehicle maker VinFast (VFS) made a big splash with its public debut in the US last year. Its stock soared 255% on its initial day on the Nasdaq, after completing a SPAC merger with Black Space Acquisition, surpassing the market cap for Ford (F) and General Motors (GM). But it’s been a steep […]
MILAN — Estonia’s Milrem Robotics is assessing the possibility of producing several of its unmanned platforms in Ukraine, a move that could put the company’s Emirati owners in a tricky position vis-à-vis the Gulf country’s ties to Russia. At the First International Defense Industries Forum, held in Kyiv last month, Milrem announced that it had […]
The manufacturer of the Alaska Airlines door plug that detached midair during a flight was the subject of a class action lawsuit last year that alleged “widespread quality failures.” Boeing is under intense scrutiny after the mishap Friday on Alaska Flight 1282. A panel of the plane snapped off just six minutes after takeoff, leaving […]
Croatian electric hypercar maker Rimac is experimenting with so-called nanotube material technology which could work as a viable source of electricity to propel a vehicle. Engineers at the Massachusetts Institute of Technology in the United States discovered several years ago a method of generating electricity using tiny carbon particles that create a current by interacting […]