Apple stocks decline: $700 billion in market cap loss
Apple's stock fell significantly, down about 18% from its December peak, resulting in a loss of more than $700 billion in market cap. The downward trend is when investors carefully study a company’s AI strategy and consider macroeconomic challenges. For more details, visit the original report on Yahoo Finance. Also read: Truck garages are facing fluctuations under the decline in spot rates Shortly after introducing Chatgpt to its iPhone, Apple's stock price hit $259 on December 26, part of the company's second launch of Apple Intelligence AI capabilities. This brings Apple's market value to a record $3.9 trillion. However, the stock fell 11% last week, marking the most important weekly decline since November 2022, with a market cap now at about $3.2 trillion. In early 2025, Apple's stock price struggled amid the downturn in large-scale technology stocks as investors feared potential underperforming the AI industry. Apple faces its own challenges, including the delay in its AI strategy. On March 7,…
Kia EV9 recalls driving loss
The company found an EV9 that could not exceed 12 mph in some cases Kia recalls over 300 examples of EV9 SUVs as they may lose momentum. The problem is related to incorrect welds and the dealer will replace the rear gear drive. There were ten incidents reported, but no accidents or injuries. The Kia EV9 has been warmly welcomed and has received many honors, including the 2024 World Automobile. This is commendable, but the recalls start to add up. The latest involves 342 units of the 2025 model, which may have improperly welded rear gear driver motor shafts. As the safety recall report explains, the EV9 equipped with a dual-sport all-wheel drive system may be affected by “because of a supplier’s welding error. This error means “the motor inside the rear GDU (gear drive) may be damaged, reducing acceleration and power. ” More: Kia recalls 23,000 ev9 after workers may miss seat bolts The vehicles were built in Georgia…
Hertz sells 30,000 electric vehicles but still faces a $2.9b loss
Leasing car companies' shares fall, but hope to regain their foothold after a tough 2024 year Hertz completed its plan to sell 30,000 electric vehicles by the end of 2024, causing significant financial losses. The rental company acknowledged flaws in its previous strategy of buying tens of thousands of electric vehicles. Overall, Hertz faces a total of staggering $2.9 billion in 2024, which has exacerbated its struggle. Hertz made headlines in October 2021 when it reported that it bought 100,000 Teslas for $4.2 billion, mainly Model 3 sedans. Now, just a few years later, it was obvious that the rental company made a bad decision. On Thursday’s earnings call, it detailed the situation for its rental company that lost $2.9 billion in 2024. It ended up losing $1.18 per share, which far exceeded analysts' expectations. “Our focus in 2024 is to stabilize the business and implement fundamental changes to change our company,” said Gil West, CEO of Hertz. “With our…
Ten-year-old Tesla Model X faces $5,000 markup, loss
Although flagship SUVs did not receive free supercharge, price increases were introduced go through Brad Anderson February 10, 2025 12:42 Prices for the X Model X all-wheel drive and X-shaped lattice rose by $7,000 in Canada. The SUV's new US starting price means it no longer qualifies for the federal electric vehicle tax credit. The free supercharged sound sounds compelling, but it is capture and relevant to the owner's account. The Tesla Model X may have been a decade ago, and has been introduced back in 2015, which is equivalent to a flipped phone at the tech conference in the automotive year, but that doesn't stop Tesla from both cases Raise its prices in the United States and Canada. In a typical Tesla way, the company did not provide reasons for the price increase. The only silver lining for American buyers is its mowed grass with free supercharge. In the U.S., the base Model X all-wheel drive has jumped from…
63,000 Jeep Cherokees recalled due to possible rollover or loss
Jeep is recalling more than 63,000 Cherokees due to a power transmission problem. Some do not have a fully secured input shaft snap ring, which can cause damage over time. When things finally go bad, the vehicle may roll around or lose drive when parked. The Jeep Cherokee may have been discontinued, but that doesn't mean the recalls have stopped. On the contrary, 63,082 vehicles were recalled due to potential loss of driving power. var adpushup = window.adpushup = window.adpushup || {que:()}; adpushup.que.push(function() { if (adpushup.config.platform !== "DESKTOP"){ adpushup.triggerAd("0f7e3106 -c4d6-4db4-8135-c508879a76f8"); } else { adpushup.triggerAd("82503191-e1d1-435a-874f-9c78a2a54a2f"); The power transmission in 2017-2019 Jeep Cherokees may be damaged, according to the government. If this occurs, it could "disconnect the transmission and differential, resulting in loss of drive power and/or loss of parking capabilities." More: Jeep needs to repair 26,000 Cherokees due to PTU issues While only 2% of people are believed to be affected, some Cherokees may have an input shaft snap ring that…
Toyota Corolla recalled due to steering loss
Toyota is recalling 8,800 Corolla and Corolla Hybrid vehicles to replace the steering intermediate shaft. November 23, 2024 — The Toyota Corolla recall affects about 8,800 2023-2024 Corolla and Corolla Hybrid vehicles because they may lose all steering function. The government has not released details of the Corolla and Corolla Hybrid recall, but the automaker said there may be a crack in the steering countershaft. Because the steering shaft allows the steering wheel to control the direction of the front wheels, the driver may lose steering control if the crack expands and causes the steering shaft to separate. The recalled Toyota Corolla and Corolla Hybrid vehicles were produced from July 2023 to September 2023. About 800 Corollas are being recalled in Canada. Toyota dealers will replace the Corolla steering countershaft once owners are contacted in January 2025. Toyota Corolla owners can call 800-331-4331.
Hyundai, Kia and Genesis EVs recalled over loss of driving power
Six different models have an integrated charge control unit that can be damaged, causing the driver to enter a creek without a paddle November 22, 2024 15:50 Hyundai Motor Group is recalling more than 200,000 electric vehicles that may lose driving power. Multiple models are affected, including the Kia EV6, Hyundai Ioniq 5 and Ioniq 6, as well as the Genesis GV60, GV70 Electrified and GV80 Electrified. As part of the recall, dealers will update the software and inspect and replace the integrated charge control unit as needed. Hyundai Motor Group is recalling 208,107 electric vehicles in the United States because they may lose driving power. The problem centers on the integrated charge control unit, which can become damaged and prevent the 12-volt battery from charging. The recall is divided into two parts, one of which covers 62,872 Kia EV6s from the 2022-2024 model years. The second part is larger and involves 145,235 vehicles, including the 2022-2024 Hyundai Ioniq 5,…
The sixth time’s the charm? Tesla Cybertruck recalled due to loss
Tesla is recalling its Cybertruck for the sixth time this year because some models may unexpectedly lose driving power. The issue is caused by a faulty drive inverter and affects 2,431 pickup trucks from the 2024 model year Repairs will begin early next month and technicians will replace the drive inverter free of charge. Another day, another Tesla Cybertruck was recalled because the electric pickup had an inverter issue that could cause a loss of driving power. The issue affects 2,431 Cybertrucks from the 2024 model year and cannot be resolved through over-the-air updates. var adpushup = window.adpushup = window.adpushup || {que:()}; adpushup.que.push(function() { if (adpushup.config.platform !== "DESKTOP") { adpushup.triggerAd("4d84e4c9 -9937-4f84-82c0-c94544ee6f2a"); } else{ adpushup.triggerAd("6a782b01-facb-45f3-a88f-ddf1b1f97657"); The safety recall report doesn't delve into details, but says the affected trucks are equipped with metal-oxide-semiconductor field-effect transistors (MOSFETs) in the drive inverter. These inverters can develop a "fault" that causes them to stop producing torque. More: Tesla Cybertruck recalled for fifth time in a…
How much does a ticket cost for the 2025 China International Weight Loss Conference-Jingmei Conference?
The highly anticipated China International Weight Loss Conference and Beijing Beauty Conference will be held with great fanfare at the Beijing International Convention Center from 02/24 to 02/26, providing a valuable communication platform for 38,975 visitors from the beauty and hairdressing industry and 300 exhibitors. Currently, online ticket application and ticket purchase are in progress~ China International Weight Loss Conference-Jingmei Association Exhibition time: 2025.02.24-02.26 Exhibition location: Beijing International Convention Center Exhibition address: Building 3, No. 8, Beichen East Road, Chaoyang District, Beijing Exhibition scale: Exhibition area 10,000 square meters, number of visitors 38,975, 300 exhibitors Sponsor: Health and Beauty Promotion Committee of the European Union Chamber of Commerce of the Beauty and Chemical Industry Ticket booking guide: 1. Visit the official website of China International Weight Loss Conference-Jingmei Association or the exhibition page of Juzhan.com. 2. Click on the “Ticket Booking” or “Apply Now” button to enter the booking page. 3. Fill in personal information according to the prompts, including…
Tesla semi-trailer caught fire and the road was closed for 15 hours, causing a loss of 50,000 people
Last month, a Tesla semi-trailer crashed and caught fire in California. The National Transportation Safety Board reported that 50,000 gallons of water were needed to put out the fire. The cause of the accident is still unknown, but we now have more details. Accidents happen every day, and they often involve semi-trucks and tractor-trailers. But last month, for the first time, a Tesla semi-truck crashed and burned. Now that the National Transportation Safety Board has a preliminary report on the cause of the accident, it's hard to imagine how people put out the fire. var adpushup = window.adpushup = window.adpushup || {que:()}; adpushup.que.push(function() { if (adpushup.config.platform !== "DESKTOP"){ adpushup.triggerAd("4d84e4c9 -9937-4f84-82c0-c94544ee6f2a"); } else{ adpushup.triggerAd("6a782b01-facb-45f3-a88f-ddf1b1f97657"); } }); Initially, it was clear that a fire had occurred in the accident, which destroyed the truck but left the driver uninjured. The truck was the only vehicle affected and the road was closed for several hours. More: Fire at home destroys luxury car worth $500,000…
Dodge Journey Door Lock Issue Investigation
The government is escalating and expanding its investigation into a Dodge Journey door-lock accident that killed one person. August 3, 2024 — Dodge Journey door lock issues are coming under the federal government's microscope as federal safety regulators expand their investigation into the problem to nearly 1 million SUVs. NHTSA launched its initial investigation in May 2023, focusing on 2009 Dodge Journey SUVs, but the probe has been upgraded and expanded to nearly 993,000 2009 to 2020 Dodge Journeys. The initial Dodge Journey investigation was launched following an alarming report received in Wisconsin. In December 2022, 73-year-old Mary Frahm was driving a 2009 Dodge Journey when the SUV began to lose power and experience electrical issues. She called to tell someone that the Dodge Journey's speedometer was malfunctioning, the warning lights were flashing, and the windshield wipers suddenly started. Additionally, during the call she said the windows would not roll down, the doors would not unlock, the horn was honking,…
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