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American automaker General Motors recorded a profit of $8 billion in 2018 against a loss of $3.864 billion over the earnings period last year. The diluted earnings were $5.53 per share versus a loss of $2.6 in 2017. GM's revenue increased by 1% and exceeded $147 billion. General Motors shareholders' profit in the first quarter exceeded $2 billion, while in 2017 they recorded a loss of $5.151 billion. Earnings per share reached $1.4 against a loss of $3,65 a year earlier. GM's revenue for the quarter rose by 1.8% to $38.399 billion. In 2018, General Motors sold 8.4 million vehicles, which is 12.5% less than last year. In the US, the company sold 3 million vehicles, including 1 million SUVs. The average price of a car was $36 thousand - a record figure for the company. In China, 3.65 million vehicles were sold.
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
On Tuesday, Ebay Inc. (EBAY.O) announced that it had reached a deal to sell off its classified ads business unit to Adevinta ASA (AD5B), a Norway-based classified ads publisher owned by Danish media company Schibsted (SBSTA.OL). The classified ...
Property data and analytics company CoreLogic Inc on Tuesday rejected another $7 billion buyout offer, seeing it inadequate after meeting with the two bidders, investment firms Cannae Holdings Inc and Senator Investment Group LP. Cannae ...
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