* Sees annual operating profit 710 bln yen, prior view 700 bln yen * Cuts global group vehicle sales f’cast from previous view * Expects to sell record 5.29 mln vehicles, prior view 5.38 mln (Recasts, adds details on results) TOKYO, July 31 (Reuters) – Honda Motor Co raised its full-year forecast operating profit forecast… Continue reading UPDATE 1-Honda hikes annual profit view, posts surprise Q1 rise on N.America sales
Tag: Financial Results
Here’s what Tesla needs to do to convince investors it’s financially stable: Analysts
Tesla’s stock fell 3.3 percent Monday after it was reported that the electric car company asked suppliers for a refund of a portion of its payment.
Wednesday was a bad day for Detroit’s automakers
Steel and aluminum prices have risen since the Trump administration imposed tariffs on the two key raw materials for the car manufacturing, steel and aluminum. Those costs could run even higher as President Donald Trump ratchets up his global trade war. Trump said Wednesday that he was working with European Commission President Jean-Claude Juncker toward… Continue reading Wednesday was a bad day for Detroit’s automakers
European auto stocks soar after Trump-Juncker ‘ceasefire’
Car stocks got a boost Thursday following the meeting between the U.S. and European Union that earned automakers in the region a reprieve from higher import tariffs.
UBS predicts Tesla shares will drop 30% in 12 months, says company may need to seek outside capital
Tesla shares will fall significantly because the company will not be profitable in 2019, according to UBS.
Tesla’s limited-edition surfboard sells out in just one day
Tesla has been treading dangerous waters recently, with CEO Elon Musk asking for refunds from some suppliers to help the company turn a profit. Now, to help stay afloat, Tesla turned to new merchandise: limited-edition surfboards. Tesla offered the boards at $1,500 a pop for customers starting Saturday. But with only 200 surfboards available, the… Continue reading Tesla’s limited-edition surfboard sells out in just one
day
Tech Mahindra Q1 Revenue up 13% YoY
Tech Mahindra Q1 Revenue up 13% YoY EBITDA up 45% and PAT up 12% YoYUSD Revenue grew 0.3% QoQ, in CC terms Mumbai, July 30, 2018: Tech Mahindra Ltd., a specialist in digital transformation, consulting and business reengineering today announced the audited consolidated financial results for its first quarter ended June 30, 2018. Financial highlights… Continue reading Tech Mahindra Q1 Revenue up 13% YoY
Tesla shares drop after carmaker reportedly asks its suppliers for refunds to reach profitability
Tesla is slated to report its June quarter earnings results on Aug. 1. In May, Tesla said it expects positive GAAP net income in its third and fourth quarters. The latest report calls into question the state of Telsa’s financial position. The company lost nearly $2 billion last year and burned about $3.4 billion in… Continue reading Tesla shares drop after carmaker reportedly asks its
suppliers for refunds to reach profitability
Fiat Chrysler loses Sergio Marchionne with bumpy road ahead
Fiat Chrysler Automobiles was facing an uncertain future even before the man who led its unlikely turnaround became gravely ill. After he became incapacitated from complications with a shoulder surgery, the company was forced to hastily replace Sergio Marchionne as chief executive over the weekend. Fiat Chrysler now must find a way to deal with… Continue reading Fiat Chrysler loses Sergio Marchionne with bumpy road
ahead
General Motors jumps into peer-to-peer car sharing
Helen H. Richardson | The Denver Post | Getty Images A Chevy Volt and a GMC Acadia, parked on Little Raven Court, are available for car share through a new app from Maven in Denver. Looking to make money renting out your car or truck?