loss

Jaguar Admits Losing Most Current Customers: What Does This Mean for the Brand?

1 month ago

In a recent interview, Jaguar executives openly acknowledged that the brand is losing a significant portion of its existing customers. This admission raises numerous questions about the company's future and its strategy in a rapidly changing automotive market.

Aston Martin Soars to New Financial Low with Record Losses

2 months ago

In recent months, Aston Martin has been facing growing financial difficulties, and current data shows that the company has incurred more significant losses than expected. For the six-month period ending June 30, the luxury car manufacturer reported substantial losses of £208 million, which is a 14% increase compared to the same period last year. These figures clearly illustrate that the company continues to accumulate its debts despite attempts at restructuring.

Ford Predicts Billions in Losses from Electric Vehicle Sales

2 months 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

3 months 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

4 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

7 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

7 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

8 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

8 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

8 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.