Ford cuts 2024 earnings guidance due to warranty costs and slow pace of cost cutting
Stubbornly high warranty expenses and lagging cost-cutting efforts are holding back Ford Motor Co.’s profits this year, causing the company…
Apple launches the iPhone into the AI era with free software update
Apple is releasing a free software update that will inject its first dose of artificial intelligence into its iPhone 16…
Toyota, NTT to make $3.3 billion R&D investment for AI self-driving
Toyota Motor and Japan’s Nippon Telegraph and Telephone (NTT) will invest 500 billion yen ($3.26 billion) in research and development…
Boeing plans to launch effort to raise over $15 billion in capital as early as Monday
Boeing is set to launch as early as Monday its plan to raise more than $15 billion in capital. The…
Volkswagen weighs wage cuts, bonus reductions in push to save 4 billion euros – Handelsblatt
Volkswagen is exploring a series of cost-cutting measures for its core brand, including a 10% wage cut and a two-year…
China Gold Demand Plunges as Record Prices Deter Jewelry Buyers
– Gold demand in China — the world’s biggest consumer — plunged by more than a fifth in the third…
Intel’s $1.45 billion EU antitrust fine is officially history
A €1.06 billion EU antitrust penalty on chipmaker Intel for abuse of dominance dating back to 2009 (when it was…
Huawei Cloud sees fast business growth in South Africa
Huawei Cloud’s business in South Africa has grown fast over the past five years and it plans to launch more…
Zuckerberg Fires Six-Figure Employees Over Abusing Company Food Service
Mark Zuckerberg’s tech giant Meta recently dismissed 24 employees from its Los Angeles office for exploiting the company’s $25 meal…
Apple CEO Cook says company will increase investment in China
Apple CEO Tim Cook said at a meeting with the Chinese government in Beijing that the U.S. company will increase…