BMW is bracing for a challenging 2025 as trade tariffs and shifting global trade dynamics continue to weigh on the automaker’s financial outlook. The company has allocated €1 billion ($1.09 billion) in provisions to address the economic strain caused by tariffs from the European Union and the United States, which include duties on its China-made electric vehicles. The carmaker has revised its automotive earnings margin to 5-7% for…

iRobot, a leader in consumer robotics, has recently announced significant concerns regarding its financial future, sparking a major decline in its stock value. In its latest earnings release, the company highlighted doubts about its ability to maintain operations, prompting the board to initiate a strategic review. This review will explore refinancing options, potential asset sales, and other measures to address iRobot’s financial difficulties. The company’s shares experienced a…

Tesla has experienced an 11% decline in US vehicle registrations for January, dropping to 43,411 units compared to the same period last year. Despite maintaining a leading 42.5% share of the US electric vehicle (EV) market, this figure represents a 12-percentage-point drop from the prior year, as reported by S&P Global Mobility. Total EV registrations across the US rose 14% in January, highlighting increasing competition from automakers like…

Alibaba Group Holding Ltd. has introduced a cutting-edge artificial intelligence model, aiming to secure a leading position in the competitive AI market. The model, developed by Alibaba’s Tongyi Lab, is designed to interpret human emotions through video analysis, while also providing insights into clothing and surroundings. This innovation represents an enhanced version of the lab’s earlier HumanOmni model. In addition to offering this model as an open-source tool…

The Netherlands, alongside eight other European Union countries, has initiated a collaboration to bolster the continent’s semiconductor industry. The coalition, termed the “Semicon Coalition,” includes Belgium, Germany, Finland, France, Italy, Austria, Poland, and Spain. This announcement was made during a meeting in Brussels, marking a significant step toward enhancing Europe’s role in chip production. Semiconductors, commonly known as chips, are increasingly indispensable in modern technology, powering devices ranging…