GameStop on Wednesday named the head of Amazon’s Australian business as its CEO and said the struggling videogame retailer may sell new shares, sending its volatile stock down 7% in extended trade and disappointing some of its ardent fan base of individual investors. In a quarterly report that was stronger than analysts forecast, GameStop said it may… Continue reading Amazon Australia chief to join US videogame maker GameStop as CEO
Tag: Financial Results
Ghosn speaks his mind on Renault-Nissan’s fall – Asia Times
This is the second of two stories based on an exclusive interview with Carlos Ghosn. Part one, “Secret pay never happened,” is here. It was a big event at the time, although mostly forgotten by now. On a mild autumn evening in 2004, Carlos Ghosn, then president and CEO of Nissan Motor Co, was inducted… Continue reading Ghosn speaks his mind on Renault-Nissan’s fall – Asia Times
Ford Motor Shows Signs of Revival Under Jim Farley – The New York Times
For years, Ford Motor has been working on a turnaround but showing little progress in the showroom or its profits. But the 118-year-old automaker’s outlook has brightened recently, and many analysts give credit to Jim Farley, who took over as chief executive last October. Ford has introduced several well-received models, including a redesigned F-150 pickup… Continue reading Ford Motor Shows Signs of Revival Under Jim Farley – The New York Times
Tencent Music and WWF Launch Non-profit Music Project for World Oceans Day
As part of the project, the two sides are partnering with notable music artists from China and abroad, as well as ocean program experts, to launch both a series of charitable music singles, and a curated World Oceans Day playlist. Popular Chinese music artists such as Zhang Yun Lei, Jiao Mai Qi, NINEONE#, and Chen… Continue reading Tencent Music and WWF Launch Non-profit Music Project for World Oceans Day
Auto retail witnesses bloodbath in lockdown-hit May: FADA
The second wave of Covid-19 which spared not a single state, industry, and most households has resulted in what was expected by almost everyone, a total washout. According to the latest data released by the Federation of Automobile Dealers Association (FADA), the country saw 535,855 vehicles being retailed in May 2021, a drop of 71… Continue reading Auto retail witnesses bloodbath in lockdown-hit May: FADA
Motional CEO hints at an autonomous future in logistics
Motional, the $4 billion joint venture between Aptiv and Hyundai, is exploring the company’s potential involvement in autonomous trucking or logistics, its CEO said today during a live session at TechCrunch’s 2021 Mobility Event. “The beauty of what’s on the other side of the coin is that the same core technology can of course apply… Continue reading Motional CEO hints at an autonomous future in logistics
Ford Motor Shows Signs of Revival Under Jim Farley
For years, Ford Motor has been working on a turnaround but showing little progress in the showroom or its profits. But the 118-year-old automaker’s outlook has brightened recently, and many analysts give credit to Jim Farley, who took over as chief executive last October. Ford has introduced several well-received models, including a redesigned F-150 pickup… Continue reading Ford Motor Shows Signs of Revival Under Jim Farley
Lordstown Motors erases loss on talks about capital raise
Lordstown Motors Corp. shares swung widely between losses and gains on Wednesday after the electric-vehicle startup said it was in talks with multiple parties to raise capital, a day after warning about a cash crisis. After dropping as much as 21% earlier in the day, the stock surged 15% on the news of the discussions.… Continue reading Lordstown Motors erases loss on talks about capital raise
In need of cash, Lordstown Motors files ‘going concern’ notice; shares tank
Detroit — Lordstown Motors Corp. told regulators Tuesday that it needs more money to launch and sustain commercial scale production of its electric Endurance truck — and to make it through the next year. The Ohio-based electric vehicle startup amended its annual regulatory filing with the Securities and Exchange Commission noting its doubts of continuing as a “going concern,” an accounting… Continue reading In need of cash, Lordstown Motors files ‘going concern’ notice; shares tank
Tesla Accused of Secretly Selling Part of Bitcoin Hoard
Tesla’s sales seem to have rebounded from a seriously weak April, showing surprisingly strong revenues in the month of May. With the values of Bitcoin slipping even further, that wild ride is leading some to suspect the electric car company may have sold off some of its considerable Bitcoin holdings. According to Bloomberg columnist Liam Denning,… Continue reading Tesla Accused of Secretly Selling Part of Bitcoin Hoard