loss

Ford Predicts Billions in Losses from Electric Vehicle Sales

16 days ago

Ford Motor Co. is predicting that over the next five years, it could incur losses of about $4 billion due to rising costs associated with its electric vehicle production. This forecast was made by high-profile executives during a recent financial presentation, where strategies and future plans were discussed in light of increasing competition in the electric vehicle market.

Mercedes-Benz Admits Losing Customers After Dropping V8

1 month ago

In a recent interview, Mercedes-Benz CEO Ola Källenius stated that the company has indeed lost some of its customers after deciding to phase out V8 engines, particularly considering the growing demand for electric vehicles and more eco-friendly solutions. According to him, the transition to new technologies and platforms for innovative cars has proven to be challenging for the company.

Apple Introduces Life-Changing Personal Voice Feature for Individuals with Speech Loss

2 months ago

At a recent Apple presentation, a new functionality that has undeniably made a stir among users was introduced. This refers to the "Personal Voice" feature aimed at conscious users who struggle with speech or have completely lost it. This innovative feature is part of a broader company strategy for accessibility of its technologies, aimed at improving the lives of people with special needs.

Swiss Watchmakers Urge SNB to Act on Franc Amid Export Slump

5 months ago

Swiss watchmakers have appealed to the Swiss National Bank (SNB) to intervene to stabilize the Swiss franc's exchange rate. This call comes in response to significant declines in export volumes that the industry has been experiencing in recent months. Watch companies express heightened concerns over the strengthening of the franc, which makes Swiss watches less competitive in international markets.

Zealand Pharma Expands Weight Loss Drug Trials After Early Success

6 months ago

Zealand Pharma, a Danish biopharmaceutical company, has announced the expansion of clinical trials for its new weight loss drug, which has shown promising results in early stages. The company stated that further trials will assess the drug's effectiveness among a broader group of patients, which could significantly enhance its commercial prospects and aid in the fight against obesity.

Elon Musk's X Faces Major Setback in Brazil, Costing Millions

6 months ago

Recently, the social media platform X, owned by billionaire Elon Musk, has come under scrutiny due to the blocking of its services in Brazil. This situation not only affects users but also has serious financial implications for Musk's business. The blockade imposed by local regulators deprives Musk of significant revenue that could come from advertising and user subscriptions.

Climate Losses Hit Insurers Hard: Reinsurers are Pulling Back

6 months ago

Recent developments in the insurance market clearly demonstrate how climate change is negatively affecting the financial results of companies in this sector. Many insurers have recently incurred significant losses due to natural disasters linked to climate change, such as hurricanes, floods, and wildfires. These events have become not only more frequent but also more destructive, prompting insurers to reassess their strategies.

New Hosts for "The Grand Tour" Confirmed

6 months ago

According to the latest news, the iconic automotive show "The Grand Tour" is set to receive a fresh wave of energy with the appointment of new hosts. Brandon Stevens, along with Emily Kloss and Harry Aiden, have been officially announced as the new faces of the project. This appointment has come as a surprise to many fans, as it has long been tradition for the show's hosts to be renowned automotive journalists Jeremy Clarkson, Richard Hammond, and James May. However, the show's producers have decided to change the format, which they believe will help attract a new audience and renew interest in the project.

Insurance Losses from Natural Disasters Projected to Reach $151 Billion Annually

6 months ago

A new study reports that insurance companies are expected to incur $151 billion in annual losses due to natural disasters by 2024. This substantial increase in losses is attributed to the growing frequency and intensity of disasters, such as hurricanes, wildfires, floods, and other extreme weather phenomena, which are becoming more prevalent as a result of climate change.

Transnet's Losses Widen Due to Lawsuits and Cable Thefts

6 months ago

Transnet, the South African transportation company, has reported significant losses attributed to a range of factors, including lawsuits and cable thefts. The company recorded a net loss of 1.3 billion rand (approximately $70 million) for the last financial year, reflecting a more than 50% increase compared to the previous year's losses of around 800 million rand.