The Czech automaker Skoda Auto, part of the Volkswagen concern, reported first-quarter profit growth of 5.3% year-on-year to a record-high of 437 million euros. Quarterly revenue of 4 billion 547 million euros also became a record, increased by 4.9%. Sales of Skoda cars for the first quarter grew by 11.7% year-on-year to 316,700 vehicles. Excluding China, the figure rose by 9.6% to 237.5 thousand cars. Deliveries of the most popular brand Octavia worldwide increased by 2.6% compared to a year earlier and amounted to 105 thousand 700 cars.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
The Dollar fell to two-year lows on Friday, heading to its lowest decline in 10 years as concerns mounted over the economic recovery of the U.S. amid a second resurgence of the COVID-19 pandemic. The Dollar index plunged to 92.777, on course ...
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...