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The French car manufacturer PSA Group, the second largest in Europe, following the results of the third quarter, reported a revenue growth of 7.8% in annual terms up to 15 billion 428 million euros. The indicator was favorably affected by the restoration of the Opel-Vauxhall brands that the group bought from General Motors in 2017. The sales of more expensive Peugeot models also contributed to the growth of the indicator. Analysts had expected a less significant growth in revenue – up to 15 billion 270 million euros. In the first nine months of this year, revenues amounted to 30 billion 634 million euros, rising by 8.2%. The reduction in sales worldwide in the third quarter was 16.7%, while in Europe their growth was recorded at 8.1%. At the same time in the Middle East and Africa, there was a drop in sales of 84.1%.
American multinational automaker Ford Motor Co. (F.N) announced on Thursday that its vehicle sales increased by 3% from April to June in mainland China. It would be the first time that the company's first quarterly sales rose in the world's ...
The economy in the European Union will plunge deeper into recession for 2020 and may recover only slightly in 2021 than previously thought, the European Commission predicted on Tuesday. The downbeat assessment of Europe's economy comes as ...
Forex analysts revised their forecasts for the Australian and New Zealand dollars but were left behind the market that has already exceeded the one-year target. Aussie forecasts were raised to $0.6400 in a month, $0.6450 in three months, and ...
On Thursday, the semiconductor manufacturing company Broadcom Inc. (AVGO.O) posted its second-quarter revenue estimates worth $5.742 billion and suggests a delay on the Apple Inc.’s (AAPL.O) iPhone 12 launch on the first week of September ...
On Thursday, American multinational warehouse club operator Costco Wholesale Corp. (COST.O) reported a 7.5% decline in its third-quarter revenue. The retail company spent $300 Million on incremental wages and extra sanitation costs amid the ...
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