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In the third quarter, German automaker Volkswagen reported an increase in net profit 2.7 times compared with the same period last year to 2,670 million euros. The revenue figure of 55 billion 200 million euros did not reach experts' forecasts of 55 billion 570 million euros. Operating profit amounted to 2 billion 710 million euros, an increase of 57.6%. Among the factors that adversely affected the quarterly indicators, the company noted a trade war between the United States and China, as well as new rules for testing harmful emissions in Europe. Deliveries of cars to customers fell by 3% compared to the third quarter of last year to 2,600,000 cars.
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, ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
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 ...
German automotive manufacturing company Volkswagen Group (VOWG) announced on Monday that it would gradually resume operations in the states of Puebla and Guanajuato on June 15. The company decided to pause its activities last March due to ...
The National Bank of Canada and Scotiabank reported acceptable second-quarter results on Tuesday. Both banks surpassed analysts’ estimates even though their respective profits suffered from loan-loss provisions due to the novel coronavirus ...
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