(Reuters) – Tesla Inc lost $700 million in the first quarter but predicted it would return to profit in the third quarter as it cuts costs and improves delivery after facing issues ramping up shipments outside the United States. FILE PHOTO: A Tesla logo is seen at a groundbreaking ceremony of Tesla Shanghai Gigafactory in… Continue reading UPDATE 4-Tesla promises return to profit in Q3 after first-half losses
Tag: Financial Results
UPDATE 2-Tesla promises return to profit after first-half losses
FILE PHOTO: A Tesla logo is seen at a groundbreaking ceremony of Tesla Shanghai Gigafactory in Shanghai, China January 7, 2019. REUTERS/Aly Song (Reuters) – Tesla Inc said on Wednesday it would return to profit in the third quarter of 2019 after racking up two consecutive losses in the first half of the year, as… Continue reading UPDATE 2-Tesla promises return to profit after first-half losses
Tesla’s Musk says considering building factory in Germany
FILE PHOTO: Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China January 7, 2019. REUTERS/Aly Song (Reuters) – Tesla Inc Chief Executive Officer Elon Musk said on Wednesday he was considering building a factory in Germany, responding to a user’s suggestion on Twitter. The electric carmaker is scheduled to report… Continue reading Tesla’s Musk says considering building factory in Germany
Hyundai Motor Returns to Earnings Growth on Rising SUV Sales
Hyundai Motor Co. increased its operating profit for the first time in six quarters, helped by strong demand for new sport utility vehicles such as the Palisade and decreasing incentive spending in the U.S.
Press Releases – €428 billion in taxes generated by motor vehicles in EU-15, new figures show
Brussels, 24 April 2019 – New data released today shows that motor vehicle taxation brings in €428 billion per year to governments in the EU-15 countries alone. This figure – up 3.5% compared with the previous year – represents more than two and a half times the total EU budget. The European Automobile Manufacturers’ Association… Continue reading Press Releases – €428 billion in taxes generated by motor vehicles in EU-15, new figures show
Nissan shares drop on reports of cut to earnings outlook
Carmaker had downgraded profit forecast in February on weak US sales Go to Source
Adding to Ghosn woes, Nissan set to further slash profit outlook: report
TOKYO (Reuters) – Nissan Motor Co Ltd could be heading for a bigger-than-expected earnings drop due to weakness in its top markets, just as it adjusts to a future without Carlos Ghosn and grapples with the outlook of its alliance with France’s Renault SA. FILE PHOTO: A Nissan logo is pictured during the media day… Continue reading Adding to Ghosn woes, Nissan set to further slash profit outlook: report
Belgium’s Umicore warns on lower earnings growth in 2020
Belgian materials and technology group Umicore said growth in revenue and earnings in 2020 will be lower than previous indications due to delays in the electric vehicle and energy storage markets.The company, one of the world’s largest cobalt refiners, expects earnings before interest and tax (EBIT) for 2019 to be 475-525 million euros ($534- $590 million) due to tough market conditions.
Postmates has launched in 1,000 new cities since December
Postmates is expanding like crazy ahead of an initial public offering expected later this year. The food delivery business has launched in 1,000 new cities since December, the company announced today. San Francisco-based Postmates now operates its on-demand delivery platform, powered by a network of local gig economy workers, in 3,500 cities across all 50… Continue reading Postmates has launched in 1,000 new cities since December
Financial Results (Fiscal Year Ended March 31, 2019)
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