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In the first quarter of 2018, the German autoconcern Volkswagen reduced its net profit to 3.3 billion euros from 3.4 billion euros a year earlier. Operating profit amounted to 4.2 billion euros, decreased by 3.6%. Quarterly revenue increased by 3.6% to 58 billion 230 million euros. Analysts had predicted the figure at 59 billion 240 million euros. The production of cars fell by 0.4% to 2 million 727 cars. In the first quarter, 2 million 680 cars were delivered to customers, compared to 2 million 495 thousand cars delivered a year earlier. The company's capitalization since the beginning of the year increased by 4% to 84 billion 760 million euros.
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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