Real AI revolution is still to come, Bosch chairman says
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Yahoo
6 days ago
- Yahoo
German car parts maker Bosch to cut up to 1,100 jobs
FRANKFURT (Reuters) -German car parts maker Bosch will cut up to 1,100 jobs by 2029 and restructure its Reutlingen plant as a rapidly worsening auto market drives down sales, a senior company official said on Tuesday. Bosch will focus the plant mainly on manufacturing semiconductors, as making electronic control units is no longer competitive, a statement said. "The European market for control units is highly price-driven and fiercely contested by new entrants," said Bosch's executive vice president of semiconductor operations, Dirk Kress. "The necessary job cuts are not easy for us, but they are urgently needed to secure the future of the site." Bosch employs around 10,000 people in Reutlingen. German and European auto makers have come under pressure from high costs and ferocious foreign competition, as well as a tariff war between the United States and its global trading partners. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
18-07-2025
- Yahoo
PowerCell Sweden AB (PCELF) Q2 2025 Earnings Call Highlights: Record Revenue and Strategic ...
Revenue: SEK130 million in Q2 2025; rolling 12 months revenue above SEK400 million. Average Quarterly Revenue: SEK150 million for the first half of 2025. EBITDA: Positive EBITDA for rolling 12 months. Breakeven Level: Sustainable breakeven level around SEK400 million to SEK450 million, depending on product mix. Gross Profit Margin: Increased gross profit margin on underlying business despite currency effects. Cash Position: SEK72 million in cash at the end of Q2 2025. Operating Expenses: Lower operating expenses in the first half of 2025 compared to 2024; share of revenue down from 41% to 28% over two years. Warning! GuruFocus has detected 3 Warning Signs with PCELF. Release Date: July 17, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points PowerCell Sweden AB (PCELF) reported a record order intake of SEK130 million in Q2 2025, marking a significant milestone with a rolling 12-month revenue surpassing SEK400 million. The company achieved a positive EBITDA for the first time on a rolling 12-month basis, indicating improved financial performance. PowerCell Sweden AB (PCELF) received its first OEM order in power generation from Hitachi, showcasing strong partnerships and market demand. The company successfully extended its Bosch automotive license, leading to its first IP revenue since 2023, highlighting the value of its intellectual property. PowerCell Sweden AB (PCELF) maintained a stable gross profit margin despite currency fluctuations, demonstrating effective cost management and operational efficiency. Negative Points The market remains challenging and unpredictable, with no guarantee of consistent positive quarterly results despite recent achievements. The company's growth is still heavily reliant on pioneering technology shifts, which can be risky and uncertain. PowerCell Sweden AB (PCELF) faces increased competition in its segments, which could impact its market share and pricing power. The cash flow situation is under pressure due to working capital demands, and there is potential for fluctuations between positive and negative cash flow. The US market remains difficult to predict and is heavily subsidy-driven, posing challenges for consistent growth in that region. Q & A Highlights Q: Is the 165 million SEK order to the Italian shipyard signed in 2024 with delivery in 2025 running according to plan? A: Yes, it is running according to plan in terms of production, deployment, and delivery to the customer in Italy. - Richard Berkling, CEO Q: Is the 1.5 billion SEK order from 2022 for the Arabia project still valid? A: Yes, it remains valid, contingent on the certification of the Syabia A 600 driveline, which is currently in the certification process in Europe. - Richard Berkling, CEO Q: Can you clarify the SEK4.7 million royalty reported in Q2? A: This relates to the new contract with Bosch. Revenue recognized in Q1 was adjusted in Q2 to align with the new contract terms, which required accounting adjustments. - Anders During, CFO Q: What is the cash position after the first half of 2025? A: The cash position is SEK72 million, with an additional SEK50 million available from an unutilized credit facility. - Anders During, CFO Q: Are there plans to issue more preferred stocks? A: We have a mandate for 10% issuance, which we consider as an opportunity, but nothing is confirmed at this time. - Anders During, CFO Q: What can be expected from the Bosch deal and the Asia region? A: The Bosch deal solidifies their interest in our fuel cell technology, especially in China, which is a rapidly growing market for hydrogen and fuel cells. This collaboration is expected to drive growth and validate our technology. - Richard Berkling, CEO Q: What is the potential for aftermarket service revenue, especially in the marine sector? A: While service intervals are lower for fuel cells, we are working with partners to secure our position and revenue in the aftermarket. Details will be shared once contracts are signed. - Richard Berkling, CEO Q: Will the company remain cash positive in the future, or will cash flow fluctuate? A: Cash flow will fluctuate depending on growth and working capital needs. There will be quarters with positive cash flow and others with potential negatives, typical for a growing company. - Anders During, CFO For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Car and Driver
14-07-2025
- Car and Driver
Rivian's New Tri-Motor Models Are Quicker Than Old Quads: Tested
The 2025 Rivian R1S Tri-Motor Max and R1T Tri-Motor Max are quicker than their Quad-Motor predecessors. At our test track, the R1S and R1T Tri-Motor were three-tenths quicker to 60 mph than their old Quad-Motor counterparts. The advantage comes from Rivian's new in-house electric motors, which give the Tri-Motor models an extra 15 horsepower and 195 pound-feet of torque versus the outgoing Quads. Welcome to Car and Driver's Testing Hub, where we zoom in on the test numbers. We've been pushing vehicles to their limits since 1956 to provide objective data to bolster our subjective impressions (you can see how we test here). When it comes to EVs, more electric motors typically translate to more power and quicker acceleration. Makes sense, right? That's not the case with Rivian's new triple-motor R1S and R1T models, at least when comparing them with their quadruple-motor predecessors. Three Greater Than Four? What's not immediately obvious is that the Rivian R1S SUV and R1T pickup truck have entered their second generation for the 2025 model year. All models have improved batteries, and all electric motors are now built in-house by Rivian, with the Tri- and Quad-Motor configurations no longer supplied by Bosch. The newer motors bring various improvements—namely, they're more power-dense. That's partly why the new R1S and R1T with the available Tri-Motor Max configuration (Max referring to the battery size) are quicker in a straight line than their pre-2025 Quad-Motor counterparts. Now, let's look at the numbers. View Exterior Photos Andi Hendrick | Car and Driver At our test track, the 2025 R1S and R1T Tri-Motor models both managed zero-to-60-mph times that were three-tenths quicker than the first-gen R1S and R1T Quad-Motors. The new R1S Tri posted a 60-mph sprint of 2.8 seconds compared with the old R1S Quad's 3.1-second run. The new R1T Tri ripped to 60 mph in 2.7 seconds, whereas the previous R1T Launch Edition Quad-Motor took three seconds flat. Take a peek at the tech specs for the 2025 R1S and R1T, and you'll see the Rivian-built Tri-Motor setup is good for 850 horsepower and 1103 pound-feet of torque. While that's only 15 more ponies than the previous 835-hp Quad-Motor models, there's a lot more stump-pulling torque, 195 pound-feet to be exact (up from 908). View Exterior Photos Michael Simari | Car and Driver While the extra power is the most significant factor in the improved 60-mph times, it's not the only force at play. The new Tri-Motor siblings also weighed less than the first-gen Quads, with the R1T losing 168 pounds and the R1S dropping 57 pounds based on our scales. Some of that weight loss can be attributed to the Max battery pack's reengineered die-cast carrier, which Rivian said helps reduce mass. There's also a new Launch Control mode that puts the 2025 Tri models into a prepared squat before shooting them down the line. The New Quads Will Be Even Quicker Of course, the new Quad-Motor R1S and R1T will be even mightier and quicker, summoning a combined 1025 horses and 1198 pound-feet. While we've driven these almighty new EVs, we haven't yet strapped our testing equipment to either the R1S or R1T Quad-Motors. They're set to go on sale this month. By Rivian's own account, the updated Quads should hit 60 mph in 2.5 and 2.6 seconds, respectively. So, stay tuned for another testing-hub story to see if we can meet or beat those claims. Jack Fitzgerald Associate News Editor Jack Fitzgerald's love for cars stems from his as yet unshakable addiction to Formula 1. After a brief stint as a detailer for a local dealership group in college, he knew he needed a more permanent way to drive all the new cars he couldn't afford and decided to pursue a career in auto writing. By hounding his college professors at the University of Wisconsin-Milwaukee, he was able to travel Wisconsin seeking out stories in the auto world before landing his dream job at Car and Driver. His new goal is to delay the inevitable demise of his 2010 Volkswagen Golf. Read full bio
