In a candid industry forecast, Volvo's outgoing CEO Håkan Samuelsson states that manufacturing efficiencies and falling battery costs will make EVs cheaper to produce than internal combustion vehicles within five years, a shift that could redefine auto market dynamics.
The industry's premier Ride & Drive event in Indianapolis will offer fleet managers hands-on experience with the latest Class 2-7 electric trucks, vans, and advanced internal combustion models, highlighting a pivotal moment for commercial transportation.
Volkswagen Group is reportedly reconsidering the future of the all-electric Porsche 718 Boxster and Cayman, citing development hurdles and rising costs. The potential move signals a strategic pivot towards core, high-volume electric vehicles and stricter financial discipline across the auto giant's portfolio.
Soaring costs, supply chain woes, and shifting market priorities are reportedly putting Porsche's all-electric 718 Boxster and Cayman models in jeopardy, potentially leading to their cancellation before reaching showrooms.
Porsche's CEO is reportedly weighing the cancellation of the all-electric 718 Boxster and Cayman, a move reflecting broader industry recalibration amid cooling EV demand, high development costs, and challenges in key markets like China.
Under new CEO Michael Leiters, Porsche is reconsidering its plan to launch electric versions of the 718 Boxster and Cayman. Soaring development costs, softer EV demand, and strategic realignments have forced a high-stakes reassessment of the brand's electrification roadmap.
Amidst surging regional power demand from tech and industrial expansion, Portland General Electric (POR) is positioning itself as a critical infrastructure player. With robust financials, strategic clean energy investments, and a reliable dividend, the Oregon utility presents a compelling case for growth-oriented income investors.
Federal prosecutors allege Jose Ramirez used personal information, leaked online after being stolen from official vehicles in Minneapolis, to send violent threats to an FBI agent. The case highlights growing concerns over the weaponization of stolen data.
With household electricity costs remaining a significant burden, experts outline a clear path to savings, from navigating deregulated markets to simple efficiency upgrades that can curb energy waste.
The Singapore-based electrical components manufacturer is demonstrating a compelling trajectory of improving returns on capital employed (ROCE), a key indicator of profitable reinvestment and operational efficiency that is catching investors' attention.
Emerson Electric's fiscal first-quarter results showcased robust order growth driven by power, LNG, and semiconductor sectors, though software contract renewals temporarily dampened sales and margin expansion. The company raised its full-year EPS outlook while noting persistent softness in China and European chemical markets.
Emerson Electric Co. kicks off its 2026 fiscal year with robust 9% underlying order growth, driven by surging demand for power generation and automation solutions from AI data centers, LNG projects, and near-shoring trends. The industrial automation leader also raises its full-year EPS guidance.
Emerson Electric reported fourth-quarter sales of $4.35 billion, aligning with Wall Street estimates, while adjusted earnings of $1.46 per share surpassed projections. The industrial automation giant continues to demonstrate robust profitability despite modest top-line growth.
SLB lands a $1.5 billion integrated development deal for Kuwait's Mutriba field while launching a fully electric fracturing system, highlighting its dual focus on complex projects and emissions reduction as shares rally.
Franklin Electric Co., Inc. (NASDAQ: FELE) announced an increase in its quarterly cash dividend, continuing a multi-year trend of shareholder returns supported by robust earnings and cash flow coverage.
At its 2026 Annual Meeting, Emerson Electric shareholders reelected three directors and approved executive pay and auditor selection, but a key governance proposal to declassify the board failed to secure the required supermajority vote.
Porsche's ambitious electric vehicle plans face a potential major setback as the German automaker considers shelving the development of its electric Boxster and Cayman models, sources tell Bloomberg. The move underscores the mounting financial and strategic challenges confronting even premium brands in the rapidly evolving EV market.
Kevin J. Stevens, the former finance chief of the Albany-area electrical contractor, has been charged with grand larceny and other felonies following a state police investigation into an alleged multi-year scheme that siphoned millions from company accounts.
A sophisticated zero-cost options trade by a large investor highlights a turning point for Hawaiian Electric Industries, as stabilized finances and capped liabilities pave the way for recovery.
Under new CEO Michael Leiters, Porsche is reportedly considering the cancellation of its long-awaited electric 718 Cayman and Boxster models amid development challenges and strategic cost-cutting measures.
