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Season 10 of FINDING YOUR ROOTS WITH HENRY LOUIS GATES, JR. Paired With New Season of Local History Series LOST LA On New PBS SoCal 2024 Schedule

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Sixth Season of Regional Historical Documentary Series Features A Look at Local Fast Food, Tiki Culture, Cemeteries, Historic Filipinotown and More With Special Encore January 3 on KCET

LOS ANGELES, Dec. 5, 2023 /PRNewswire-PRWeb/ — PBS SoCal and KCET, Southern California’s flagship PBS stations, announced today the 2024 return of the locally produced, historical documentary series LOST LA, a co-production with the University of Southern California Libraries, part of their longstanding commitment to building public engagement with regional history collections. Public historian and writer Nathan Masters returns as Host for the sixth season of LOST LA with untold histories behind tiki culture, fast food, Historic Filipinotown, hiking, tuberculosis and cemeteries. LOST LA joins the previously announced award-winning, acclaimed series FINDING YOUR ROOTS WITH HENRY LOUIS GATES, JR to complete a night of historical exploration. Celebrated scholar Dr. Henry Louis Gates, Jr. will helm the 10th anniversary season of FINDING YOUR ROOTS, which will trace the ancestral histories of the series’ first-ever, non-celebrity participants in addition to 18 new celebrity guests. The new season of LOST LA is scheduled on PBS SoCal beginning Tues., Jan. 2 at 7:30 p.m. PT, leading into 10, all-new episodes of FINDING YOUR ROOTS at 8 p.m. PT. A special encore of LOST LA will also be broadcast on Wed., Jan. 3 at 8 p.m. PT on KCET in Southern California. After the broadcast, each episode of LOST LA and FINDING YOUR ROOTS will be available to stream on their companion websites above and on the free PBS App. Members of PBS SoCal and KCET will get early access to stream all six episodes on PBS Passport starting Jan. 2.

The half-hour series LOST LA explores the region’s hidden past through documents, photos and other rare artifacts from California libraries and archives. Since its premiere in January of 2016, the series has continued to challenge the assumption that Los Angeles is a city without a history. Instead, LOST LA offers a history of Southern California that is not often told, or has been forgotten, bringing primary sources of Los Angeles history to the screen and connecting them to the Los Angeles of today.

Ten new episodes of FINDING YOUR ROOTS will debut in the new season that in addition to exploring the family mysteries of three members of the viewing public after a nationwide casting call, will solve family mysteries of well-known guests including actors Valerie Bertinelli (“One Day at a Time”), Danielle Brooks (“The Color Purple”), LeVar Burton (“Star Trek”), Michael Douglas (“Wall Street”), Lena Dunham (“Girls”), Brendan Fraser (“The Whale”), Tracy Morgan (“30 Rock”), Ed O’Neill (“Modern Family”), Bob Odenkirk (“Better Call Saul”), Anthony Ramos (“In the Heights”), Wes Studi (“The Last of the Mohicans”), Jesse Williams (“Grey’s Anatomy”); comedian Iliza Shlesinger; musicians Ciara, Sammy Hagar, Alanis Morissette and Dionne Warwick; and journalist Sunny Hostin.

The new episodes of LOST LA will be telecast as follows (subject to change):

“Fast Food and Car Culture” – Tues., Jan. 2 at 7:30 p.m. on PBS SoCal / Wed., Jan. 3 at 8 p.m. on KCET
From McDonald’s to Taco Bell, many of the world’s most iconic fast-food chains were born in SoCal including Bob’s Big Boy, In-N-Out Burger and Del Taco. This episode explores how car culture and the restaurant industry collided in the LA region, forever shaping the way Americans dine and drive. Featured interviews include: LA Times’ Gustavo Arrellano and Stacy Perman, LA Magazine’s Chris Nichols and author/chef George Geary.

“Historic Filipinotown” – Tues., Jan. 9 at 7:30 p.m. on PBS SoCal / Wed., Jan. 10 at 8 p.m. on KCET
Filipino Americans fight to make their heritage more visible in Los Angeles. This episode explores the Yo-Yo’s surprising origin story, tours Historic Filipinotown in a Jeepny and tastes classic Filipino street foods. Featured interviews include: activist/librarian Florante Ibanez and the hosts of “This Filipino Life” podcast.

“Hiking Trailblazers” – Tues., Jan. 16 at 7:30 p.m. on PBS SoCal / Wed., Jan. 17 at 8 p.m. on KCET
Meet the people who led Angelenos onto their local trails, including early wellness guru Paul Bragg. In this episode, Nathan explores the origins of LA hiking, from the Indigenous people who first walked the land to activists like Walk Good’s Etienne Maurice who blaze new paths over familiar terrain. Featured interviews include: Modern Hiker’s Casey Schreiner.

“Eternal City: Los Angeles Cemeteries” – Tues., Jan. 23 at 7:30 p.m. on PBS SoCal / Wed., Jan. 24 at 8 p.m. on KCET
Visit Forest Lawn, Evergreen and Hollywood Forever to see how LA reinvented the cemetery. In this episode, Nathan and UCLA’s Eric Avila visit the gravesites of the rich and famous while learning how racial segregation once divided the dead. Featured interviews include: The Chinese Historical Society’s Eugene Moy and film historian Karie Bible.

“Tuberculosis, the Forgotten Plague” – Tues., Jan. 30 at 7:30 p.m. on PBS SoCal / Wed., Jan. 31 at 8 p.m. on KCET
Archives reveal the “forgotten plague” that shaped Southern California. In this episode, Nathan explores how California’s fresh air and cheap land drew consumptives to local sanatoriums as well as the stark reality of life as a tuberculosis patient. Featured interviews include: USC’s William Deverell, LA Times’ Patt Morrison and infectious disease specialist Dr. Brenda Jones.

“Tiki Bars and Their Hollywood Origins” – Tues., Feb. 6 at 7:30 p.m. on PBS SoCal / Wed., Feb. 7 at 8 p.m. on KCET
Nathan explores some of the oldest Tiki bars in Southern California. In this episode, discover the Hollywood origins of Don the Beachcomber and learn how postwar American pop culture appropriated the rich traditions of the South Pacific. Featured interviews include: Tiki Ti’s Mike Buhen, Tiki Scholar Sven Kirsten and Strong Water’s Ying Chang and Robert Adamson.

Digital efforts will build upon the stories told in each of this season’s episodes, highlighting never-before-seen, newly digitized historic images and focusing on the unique access to archives that is at the core of LOST LA. Audiences will also have the opportunity to share their own stories, as well as interact with show creators including host Nathan Masters during a live chat/Q&A on YouTube during the premiere of “Fast Food and Car Culture” on Tues., Jan. 2 at 7:30 p.m. PT.

In conjunction with the new Lost LA season, PBS SoCal will be making episodes from this and past seasons of the series available on the Events Resource Library on pbssocal.org. With a range of original local content, this free digital hub equips organizations to host community screenings. Offering customizable invites, downloadable episodes and engaging post-screening content, the Events Resource Library fosters local storytelling, dialogue and connections.

LOST LA is supported by The Ralph M. Parsons Foundation and the Los Angeles County Board of Supervisors through the Department of Arts and Culture and Creative Recovery LA and other generous institutional funders.

For more information about LOST LA and to watch episodes online, visit pbssocal.org/LostLA

Follow on social at @pbssocal and @kcet.

About PBS SOCAL and KCET
PBS SoCal and KCET are both part of the donor-supported community institution, the Public Media Group of Southern California. PBS SoCal is the flagship PBS station for diverse people across California and delivers content and experiences that inspire, inform and educate. PBS SoCal offers the full slate of beloved PBS programs including MASTERPIECE, NOVA, PBS NewsHour, FRONTLINE, and a broad library of documentary films with works from Ken Burns; as well as educational content including PBS KIDS programs like DANIEL TIGER’S NEIGHBORHOOD and CURIOUS GEORGE. KCET showcases the best of PBS and is a leading source for arts, culture, and news in Southern California. Through innovative storytelling, KCET explores and expresses our dynamic local communities helping residents understand and connect with the region’s diverse communities and ideas. For additional information about both KCET and PBS SoCal productions, web-exclusive content, programming schedules and community events, please visit kcet.org and pbssocal.org. Locally produced original content and PBS programs are available to stream on the FREE PBS App, which is available on iOS and Android devices, Roku, Amazon Fire TV, Apple TV, Android TV, Samsung Smart TV, Chromecast and VIZIO SmartCast TV. PBS SoCal is available to livestream on the PBS App, YouTube TV, Direct TV now, Hulu TV Live and Local Now. KCET is also available to watch live on YouTube TV.

About USC LIBRARIES
The USC Libraries actively support the discovery, creation, and preservation of knowledge at the University of Southern California and beyond. The libraries serve as host institution for L.A. as Subject, an association of more than 267 libraries, cultural institutions, official archives, and private collectors dedicated to preserving and telling the sometimes-hidden histories of the Los Angeles region. Southern California history is among the USC Libraries’ prominent collections and programming strengths, and Lost LA is an emblem of USC’s connection and commitment to Los Angeles as a Pacific Rim megacity.

About McGee Media
McGee Media was founded by award-winning filmmaker Dyllan McGee to produce documentary content that is innovative, compelling, and immersive. Every story is born from a vision of a fairer and more equitable world. Whether it is the sweeping history of the African-American experience, or the intimate personal stories of the hundreds of women who made up the feminist movement, McGee Media uses television, film, and digital media in radical new ways to inform and inspire. Recent projects include Emmy nominated FREDERICK DOUGLASS: IN FIVE SPEECHES (HBO), NOT DONE: WOMEN REMAKING AMERICA (PBS), THE BLACK CHURCH: THIS IS OUR STORY, THIS IS OUR SONG (PBS), and BLACK AMERICA SINCE MLK: AND STILL I RISE (PBS) as well as MAKING BLACK AMERICA, RECONSTRUCTION: AMERICA AFTER THE CIVIL WAR (PBS), AFRICA’S GREAT CIVILIZATIONS (PBS), MAKERS (PBS), FINDING YOUR ROOTS (PBS), ONCE & FOR ALL (AOL), FIRST IN HUMAN (Discovery), and RANCHER, FARMER, FISHERMAN (Discovery).

About Inkwell Media
Inkwell Media was founded by Henry Louis Gates, Jr. to produce sophisticated documentary films about the African and African-American experience for a broad audience. The six-part PBS documentary series THE AFRICAN AMERICANS: MANY RIVERS TO CROSS (2013) earned the 2013 Peabody Award and NAACP Image Award. Inkwell has co-produced FREDERICK DOUGLASS: IN FIVE SPEECHES (2022), FINDING YOUR ROOTS, Seasons 1-9 (2012-2023), MAKING BLACK AMERICA (2022), THE BLACK CHURCH: THIS IS OUR STORY, THIS IS OUR SONG (2021), RECONSTRUCTION: AMERICA AFTER THE CIVIL WAR (2019), AFRICA’S GREAT CIVILIZATIONS (2017), BLACK AMERICA SINCE MLK: AND STILL I RISE (2016), BLACK IN LATIN AMERICA (2011), FACES OF AMERICA (2010), LOOKING FOR LINCOLN (2009), AFRICAN AMERICAN LIVES 2 (2008), OPRAH‘S ROOTS (2007) and AFRICAN AMERICAN LIVES (2006).

About Kunhardt Films
Kunhardt Films specializes in documentary films about the people and ideas that shape American history. Most recently completed is the 4 part Apple TV+ documentary series, LINCOLN’S DILEMMA. Previous documentaries include the 3-part HBO series, OBAMA: IN PURSUIT OF A MORE PERFECT UNION and feature documentary, A CHOICE OF WEAPONS: INSPIRED BY GORDON PARKS. Past productions include Emmy and Peabody award winning, TRUE JUSTICE: BRYAN STEVENSON’S FIGHT FOR EQUALITY (HBO, 2019); JOHN MCCAIN: FOR WHOM THE BELL TOLLS (HBO, 2018); KING IN THE WILDERNESS (HBO, 2018); THE NEWSPAPERMAN: THE LIFE AND TIMES OF BEN BRADLEE (HBO, 2017); BECOMING WARREN BUFFETT (HBO, 2017); JIM: THE JAMES FOLEY STORY (HBO, 2016). Other films include LIVING WITH LINCOLN (HBO, 2015); NIXON BY NIXON: IN HIS OWN WORDS (HBO, 2014); FINDING YOUR ROOTS (PBS); MAKERS: WOMEN WHO MAKE AMERICA (PBS); THE AFRICAN AMERICANS: MANY RIVERS TO CROSS; (PBS); and GLORIA: IN HER OWN WORDS (HBO, 2011). Kunhardt Films was founded in 1987 as Kunhardt Productions. It is run by Peter Kunhardt and his two sons Teddy and George in Pleasantville, New York.

About WETA
WETA is the leading public broadcaster in the nation’s capital, serving Virginia, Maryland, and the District of Columbia with educational initiatives and with high-quality programming on television, radio and digital platforms. WETA Washington, D.C., is the second-largest producing station for public television in the United States, with news and public affairs programs including PBS NEWSHOUR and WASHINGTON WEEK WITH THE ATLANTIC; documentaries by Ken Burns and Florentine Films, such as THE AMERICAN BUFFALO and THE U.S. AND THE HOLOCAUST; series and documentaries by Prof. Henry Louis Gates, Jr., including GOSPEL and MAKING BLACK AMERICA: THROUGH THE GRAPEVINE; performance specials including IN PERFORMANCE AT THE WHITE HOUSE and THE LIBRARY OF CONGRESS GERSHWIN PRIZE FOR POPULAR SONG; and health content from Well Beings, a multiplatform campaign. More information on WETA and its programs and services is available at http://www.weta.org. Visit http://www.facebook.com/wetatvfm on Facebook or follow @WETAtvfm on Twitter.

About PBS
PBS, with more than 330 member stations, offers all Americans the opportunity to explore new ideas and new worlds through television and digital content. Each month, PBS reaches over 42 million adults on linear primetime television, more than 15 million users on PBS-owned streaming platforms, and 56 million people view PBS content on social media, inviting them to experience the worlds of science, history, nature, and public affairs; to hear diverse viewpoints; and to take front-row seats to world-class drama and performances. PBS’s broad array of programs has been consistently honored by the industry’s most coveted award competitions. Teachers of children from pre-K through 12th‥grade turn to PBS LearningMedia for digital content and services that help bring classroom lessons to life. As the number one educational media brand, PBS KIDS helps children 2-8 build critical skills, enabling them to find success in school and life. Delivered through member stations, PBS KIDS offers high-quality content on TV — including a PBS KIDS channel — and streaming free on‥pbskids.org and the PBS KIDS Video app, games on the PBS KIDS Games app, and in communities across America. More information about PBS is available at PBS.org, one of the leading dot-org websites on the internet,‥Facebook, Instagram, or through‥our‥apps for mobile and connected devices. Specific program information and updates for press are available at‥pbs.org/pressroom‥or by following PBS Communications on Twitter.

PRESS CONTACT:
FindingYourRoots@id-pr.com

Media Contact
Allison Gray, PBS SoCal, 747.201.5298, agray@pmgsocal.org, pbssocal.org/LostLA

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Volvo Cars Q3 2026: taking decisive action to navigate a very tough environment

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GOTHENBURG, Sweden, Oct. 23, 2026 /PRNewswire/ — Volvo Cars today reports an operating income, excluding joint ventures & associates and items affecting comparability, of SEK -3.7 billion and a corresponding EBIT margin of -5.6 per cent for the third quarter of 2026. The result reflects a further deteriorating external environment, led by market developments in China and the US.

Q3 revenue was SEK 66.9 bn (SEK 86.4 bn in Q3 2025)Q3 operating income was SEK -5.6 bn (SEK 6.4 bn in Q3 2025)Q3 EBIT (excl. share of income in JVs & associates and IAC) was SEK -3.7 bn (SEK 5.8 bn in Q3 2025)Q3 EBIT margin was -8.4 per cent (7.4 per cent in Q3 2025)Q3 EBIT margin (excl. share of income in JVs & associates and IAC) of -5.6 per cent (6.7 per cent in Q3 2025)Q3 basic earnings per share were SEK -1.63 (SEK 1.75 in Q3 2025)Q3 fully electric car sales share at 32 per cent (22 per cent in Q3 2025)Q3 electrified car sales share at 53 per cent (46 per cent in Q3 2025)Q3 free cash flow of SEK -8.9 billion (SEK -4.3 billion in Q3 2025)

Volvo Cars today reports an operating income, excluding joint ventures & associates and items affecting comparability, of SEK -3.7 billion and a corresponding EBIT margin of -5.6 per cent for the third quarter of 2026. The result reflects a further deteriorating external environment, led by market developments in China and the US.

Volvo Cars remains a leader in the premium fully electric (BEV) segment, underpinned by a resilient performance in Europe where it had a BEV sales share of 45 per cent in Q3. But the situation in China and the US was considerably tougher, which also negatively affected free cash flow.

In China, Volvo Cars and other legacy premium brands faced hypercompetition from new Chinese alternatives, as well as severe pricing pressure. As a result, Volvo Cars’ revenues in China fell by almost 50 per cent year-on-year. In the US, Volvo Cars saw continued negative effects from tariffs and the removal of consumer incentives for electrified cars, which pressured margins.

The company’s Q3 result was also affected by other external developments: a negative revaluation of SEK 1.1 billion in CAFE credits due to legislation changes in the US, negative raw material developments, and SEK -0.9 billion due to the recognition of Polestar’s losses in Q2 2026.

In response to the result, Volvo Cars aims to reduce an additional SEK 5 billion in indirect spend and variable costs, on top of earlier cost programmes it successfully completed. These actions will lead to a structural reduction of approximately 2,500 jobs globally, of which 2,000 are based in Sweden, by ending consultant contracts, through natural attrition and by targeted exit packages to employees.

Full financial effects of these measures will be realised by the end of 2027, by which time the company’s overall indirect spend will be almost 25 per cent lower versus FY 2024.

The company is also working at speed on its recently announced, largest-ever product push. This consists of 13 new cars between now and the end of 2030, with a tailored portfolio of new cars for Europe, the US and China and more localised production. Already in 2027, Volvo Cars will reveal three of these new cars: one new car for Europe and two China-specific models.

More details about Volvo Cars’ performance can be found in the Q3 2026 financial report. 

“We continue to operate in a very tough environment with strong external challenges: de-globalisation, hypercompetition and climate change. We are convinced that we have the right long-term strategy addressing these challenges,” says Håkan Samuelsson, president and CEO. “However, in the short term, with severely challenged volumes, we need to reinforce our turnaround plan with additional decisive actions, lowering our break-even point and improving cash flows to make us more resilient.”

A reinforced turnaround plan with the right regional products

Reflecting its strong BEV position in Europe, the EX60 has been a big success with over 50,000 European orders and it will be one of Volvo Cars’ most profitable models. Due to new industrial technology such as cell-to-body it is taking longer than planned to ramp up production, but Volvo Cars is steadily improving built volumes.

In 2027 Volvo Cars will introduce its next global BEV car, which targets a large, lower priced market segment in Europe, with the first customer deliveries starting after summer. This will further strengthen its BEV leadership and improve margins.

In the US, Volvo Cars has divided the market in four regions to enable faster decision-making and improve sales. It is fast-tracking the production start of the long-range plug-in hybrid versions of the XC90 and XC60, with European deliveries starting this year and the US shortly after. In Q1 2027, it will localise XC60 production in Charleston. By the end of the decade, it will localise a second, all-new car with multiple powertrain options.

In China, the next two years will remain tough, so Volvo Cars is taking further cost-efficiency actions to weather the storm. For example, it will combine its two offices in Shanghai by moving the sales office to the local HQ in Jiading.

Mid-next year Volvo Cars will reveal and start production of the first two of six new China-tailored cars, through closer cooperation with Geely. These cars will be developed with a Chinese tech stack and the latest ADAS technologies to make them fully competitive in China. 

Additional cost and cash actions

Volvo Cars will achieve the additional savings of SEK 5 billion by driving structural change, lowering corporate overheads and empowering its regions. It is adapting its blue-collar workforce to current volumes by leveraging existing flexibility and will continue to reduce R&D costs, as it has already established its tech foundation with SPA3 and HuginCore.

Volvo Cars will also develop a more efficient production structure by concentrating on five dedicated Volvo plants globally. For its Chengdu and Ghent plants the company is exploring the option of multi-brand assembly together with Geely.

In addition, the company will further lower its variable costs, for example by increasing its common supplier base with Geely Group and adopting more common hardware parts in its cars.

Finally, Volvo Cars will continue to prioritise cash. The company has passed its investment peak and has now returned to normal and affordable investment levels, corresponding to an approximately 30 per cent reduction compared to 2024. 

Note to editors

Volvo Cars will host a livestream on its Q3 2026 results for media, investors and analysts at 08:00 CET today. The presentation will be held in English and followed by a Q&A session.

Link for livestream

It will be possible to ask questions during the Q&A session following the main presentation. To participate, you can either use the chat function online to type your question, or you can call in. To call in, participants need to register via the link below and will then receive the dial-in details and individual PIN.

Link to register

This disclosure contains information that Volvo Car AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 23-10-2026 07:00 CET.

For further information please contact:
Volvo Cars Media Relations
+46 31-59 65 25
media@volvocars.com

Volvo Cars Investor Relations
+46 31-793 94 00
investors@volvocars.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/volvo-car-ab–publ-/r/volvo-cars-q3-2026–taking-decisive-action-to-navigate-a-very-tough-environment,c4414242

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Artery AT32 AI Studio Empowers Edge Intelligence, Accelerating AI Application Deployment

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TAIPEI, Oct. 23, 2026 /PRNewswire/ — As artificial intelligence (AI) technology continues to advance rapidly, AI is expanding from cloud computing to edge devices, with applications such as intelligent sensing, voice interaction, and visual recognition increasingly being integrated into a wide range of end devices. 

Focusing on the development of edge intelligence, Artery continues to strengthen its AT32 ecosystem with AT32 AI Studio, a one-stop edge AI development platform designed to help developers efficiently build and deploy edge AI applications on AT32 MCUs, lower the barriers to AI development, and accelerate the transition from AI models to real-world products.

An Integrated Toolchain Streamlining the Entire Edge AI Development Process

AT32 AI Studio integrates key capabilities throughout the edge AI development process, including data processing, model training and optimization, simulation and validation, and code generation, into a unified development environment. This integration helps developers reduce tool switching and repetitive configuration, enabling more efficient integration of AI models into AT32 MCU applications.

With its graphical development workflow and automated code generation capabilities, developers can build AI applications more intuitively and quickly convert optimized models into embedded code compatible with the AT32 platform, further shortening the development cycle from algorithm validation to product implementation.

Optimized for Edge Computing, Enabling Lightweight AI Model Deployment

For resource-constrained embedded devices, model size, memory usage, computational requirements, and power consumption often directly determine whether AI applications can be successfully deployed.

AT32 AI Studio provides model optimization capabilities tailored to edge deployment requirements. Through techniques such as quantization and compression, the platform reduces model storage and computational resource requirements while maintaining accuracy and improving execution efficiency on AT32 MCUs. In addition, the platform includes lightweight neural network models designed for embedded applications, providing developers with an AI development foundation better suited to the resource constraints of MCUs. These capabilities enable AI algorithms to move beyond basic execution toward practical deployment and real-world applications.

Unlocking the Potential of AT32 Edge AI Across Diverse Applications

AT32 AI Studio has been successfully applied to various scenarios, including voice keyword recognition, Time-of-Flight (ToF)-based gesture recognition, and industrial anomaly detection, demonstrating its versatility. By leveraging AT32 AI Studio, developers can combine AI algorithms with the hardware capabilities of AT32 MCUs to enhance sensing and decision-making capabilities in end devices, expanding the potential of MCU-based applications in smart homes, industrial control, smart wearables, and human-machine interaction.

Focused on Practical Deployment, Bringing AI Development Closer to Real-World Products

For embedded AI applications, successful execution of a model on a PC does not necessarily guarantee stable operation on actual hardware. Model accuracy, resource utilization, and real-world performance must still be validated in the target hardware environment.

AT32 AI Studio incorporates simulation, evaluation, and practical deployment as essential stages of the development process, establishing a complete development–validation–deployment workflow. This approach helps developers thoroughly evaluate model performance on the AT32 platform during development, while automated code generation further facilitates integration with embedded software development.

Empowering the Ecosystem with Development Tools and Accelerating the Transition to Edge Intelligence

As applications evolve from traditional control to intelligent sensing, MCUs are becoming an important platform for extending AI capabilities to end devices. Artery Technology continues to enhance its software ecosystem and development toolchain centered on AT32 MCUs, reducing development complexity, improving model deployment efficiency, and providing developers with more comprehensive and efficient AI development support.

AT32 AI Studio represents an important part of Artery’s AI ecosystem development, bridging Physical AI and edge computing. Through an end-to-end development workflow, MCU-oriented model optimization, and automated deployment capabilities, Artery Technology will further unlock the potential of edge AI applications on the AT32 platform, helping developers integrate AI capabilities into end products more efficiently and bringing more intelligent applications from algorithms to reality.

Artery Technology specializes in the research, development, and innovation of 32-bit microcontrollers, providing high-performance, highly reliable products and solutions for a wide range of applications, including industrial control, consumer electronics, IoT, and smart applications. The company is committed to advancing intelligent technologies through continuous innovation.

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SOURCE Artery Technology

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Electrolux Group Interim report Q3 2026

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STOCKHOLM, Oct. 23, 2026 /PRNewswire/ — 

Highlights of the third quarter of 2026

Net sales increased to SEK 33,919m (32,318) with organic sales growth of 3.5% (4.6). All regions contributed to the growth, driven mainly by increased sales volumes in Europe, Middle East & Africa, Asia Pacific (EMEA APAC), and Latin America, as well as positive price development in North America.Operating income excluding non-recurring items (NRIs) was SEK 912m (890), corresponding to a margin of 2.7% (2.8). Cost efficiency contributed SEK 1.4bn to operating income, offsetting the significant negative impact from external factors, primarily from increased raw material and logistics cost as a consequence of the Middle East conflict, and U.S. tariff costs.Operating income of SEK 607m (890), corresponding to an operating margin of 1.8% (2.8), included negative NRIs of SEK -305m referring to previously announced restructuring costs related to the strategic partnership with Midea Group in North America, and global organization and footprint optimization costs. In the quarter, the factory in Rosario, Argentina, was closed.Income for the period was SEK -340m (192) and earnings per share were SEK -0.46 (0.39).Operating cash flow after investments was SEK 3,608m (624), mainly driven by improved working capital, and U.S. tariff refunds. Investments continued to be at a low level.Net debt/EBITDA improved to 2.2x (3.5).Manufacturing joint venture in Anderson, U.S., for Fabric Care, with Midea Group in North America, became operational on September 1.

Events after the close of the period:

Sales joint venture, U.S., and manufacturing joint venture in Juarez, Mexico, with Midea Group in North America related to Food Preservation products became operational on October 1.

President and CEO Yannick Fierling’s comment

Strong strategic execution and resilient performance

The third quarter marked strong progress in the transformation of Electrolux Group. We continued to execute the strategic priorities and delivered resilient performance in a challenging market environment. Competitive pressure remained high, alongside significant cost headwinds from external factors, including raw material, logistic costs and U.S. tariffs.

In North America, we reached an important milestone as our strategic partnership with Midea Group became operational. All three joint ventures have been established, including the sales joint venture for Food Preservation and the manufacturing joint ventures in Juarez, Mexico, and Anderson, U.S. The closure of the Anderson factory contributed positively to earnings in the quarter. The repurposing of the site for laundry production is progressing according to plan. The sale of the Juarez assets to Midea Group was completed on October 1.

Across the Group, we continued to progress on the global organization and manufacturing footprint optimization. We are creating a leaner organization, with fewer employees and a greater share of resources closer to consumers and markets. In the third quarter, we closed the factory in Rosario, Argentina. In Italy, discussions with trade unions and institutions regarding the optimization plan are progressing according to plan.

Navigating diverse regional challenges

In North America, inflation concerns continued to weigh on consumer confidence. Demand shifted towards lower price points as consumers are impacted by inflation and prioritize affordability. Higher tariffs added significant cost pressure, forcing the industry to further increase prices in the quarter. In Europe, consumer confidence deteriorated as geopolitical uncertainty increased and inflation weighed on purchasing power and demand. In Brazil, market demand remained positive, although growth slowed significantly as elevated interest rates continued to affect consumers’ financing and household spending.

Organic sales growth and strong cash generation

Organic sales grew in the quarter, with resilient performance across all regions. Strong commercial execution enabled us to increase our value market share for both the Electrolux and the AEG brands in Europe. In Latin America, growth was driven by higher volumes. In North America, organic sales growth mainly reflected the price increases implemented to mitigate higher tariff costs.

Operating income excluding non-recurring items was positively impacted by cost efficiency. This was offset by significant external headwinds, with the Middle East conflict impacting with full effect, leading to substantially higher raw material and logistics costs. U.S. tariff costs also had a negative impact in the quarter. We expect the pressure from external factors to remain in the coming quarters. Operating income benefited from a positive effect related to a recovery claim for overpaid tax, included in cost efficiency. This more than offset the negative effect from a customer-related provision in Brazil.

Operating cash flow after investment improved to SEK 3.6bn, supported by improved operating working capital and U.S. tariff refunds. The leverage ratio improved to 2.2x.

Full-year 2026 business and market outlook

We now expect volume, price and mix combined to have a neutral operating income contribution, compared with previously positive, reflecting the challenging market environment across regions. The expected contribution from cost efficiency is changed to about SEK 4.0bn, reflecting the strong traction in our cost efficiency initiatives. The business outlook for investments in consumer experience innovation and marketing, external factors and capital expenditure remains unchanged, as does our regional market outlook.

Building long-term competitiveness

We remain focused on what we can control to win in the marketplace: resetting North America operations, optimizing our organization and manufacturing footprint, and capturing growth opportunities.

We are reshaping Electrolux Group into a more agile, competitive and consumer-centric company. I am proud of the performance in the third quarter and the commitment and drive across Electrolux Group as we continue our transformation.

Webcast and telephone conference 09.00 CEST

A video webcast and simultaneous telephone conference is held at 09.00 CEST today, October 23. Yannick Fierling, President and CEO, and Therese Friberg, CFO, will comment on the report.

If you wish to participate via webcast, please use the link below. Via the webcast you are able to ask written questions.

https://edge.media-server.com/mmc/p/pb2vmwpk/

If you wish to participate via telephone conference, please register on the link below. After registration, you will be provided phone numbers and a conference ID to access the conference. You can ask questions verbally via the telephone conference.

https://register-conf.media-server.com/register/BI00fde9a3778945cbb8a8c2c1c778f2cb

The press release and presentation material is available for download on the Investor Relations section on electroluxgroup.com.

This is information that AB Electrolux is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, on 23-10-2026 07:00 CET.

For more information:

Ann-Sofi Jönsson, Head of Investor Relations & Sustainability Reporting, ann-sofi.jonsson@electrolux.com,  +46 73 025 1005 

Maria Åkerhielm, Investor Relations Manager, maria.akerhielm@electrolux.com, +46 70 796 3856

Henry Sjölin, Investor Relations Manager, henry.sjolin@electrolux.com, +46 76 863 51 85

Electrolux Press Hotline, +46 8 657 65 07. 

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/electrolux-group/r/electrolux-group-interim-report-q3-2026,c4414138

The following files are available for download:

https://mb.cision.com/Main/1853/4414138/4335007.pdf

Interim report – ENG – Q3 2026

 

View original content:https://www.prnewswire.com/news-releases/electrolux-group-interim-report-q3-2026-302917815.html

SOURCE Electrolux Group

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