Düsseldorf Because of the acute shortage of chips, Volkswagen remains cautious for the rest of 2021 despite the brilliant half-year results. “The prospect of the further development of the year remains limited because of the semiconductor situation,” said CFO Arno Antlitz in an interview with the Handelsblatt. The VW Group could not produce several 100,000… Continue reading German Handelsblatt: Interview with Arno Antlitz: VW CFO on the chip shortage: “The visibility of further developments remains limited” 002615
Tag: Financial Results
Staff and supply shortages threaten UK car production revival
69,097 cars roll off production lines in June, weakest total since 1953, bar Covid hit June 2020. UK factories turn out 498,923 cars in first half of year, down -38.4% on five-year average. Latest forecast suggests global chip shortage could negatively impact planned UK production volumes by up to 100,000 units. Industry calls for immediate… Continue reading Staff and supply shortages threaten UK car production revival
@VW Group: Q4 e-tron series adds new all-wheel-drive model: Q4 45 e-tron quattro now available to preorder003588
The Audi Q4 e-tron and Q4 Sportback e-tron are the first compact electric SUVs from the brand with the four rings. Following their launch in April, two new versions have been added to the range – the Q4 Sportback 40 e-tron, the model with the longest range in the series, and an all-wheel-drive version, the… Continue reading @VW Group: Q4 e-tron series adds new all-wheel-drive model: Q4 45 e-tron quattro now available to preorder003588
Visteon Announces Second-Quarter 2021 Results
Sales of $610 million; 59% increase Y/Y excluding currency Net loss of $11 million Adjusted EBITDA of $30 million, a Y/Y increase of $33 million Net cash position of $115 million at the end of Q2 First-half new business wins of $3.2 billion Industry’s largest all-digital cluster multi-region program with global OEM Continued global growth… Continue reading Visteon Announces Second-Quarter 2021 Results
Uber slides 4% on report SoftBank will shed a third of its stake in the ride-hailing app
Photo by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images Uber’s stock fell 4% on Thursday after CNBC reported SoftBank is offloading a large stake in the firm. The latest share sale could take SoftBank’s holdings in Uber to less than 100 million shares. Reports say the decision is unrelated to SoftBank’s $4 billion loss from its… Continue reading Uber slides 4% on report SoftBank will shed a third of its stake in the ride-hailing app
Flex Reports First Quarter Fiscal 2022 Results
SAN JOSE, Calif., July 29, 2021 /PRNewswire/ — Flex (NASDAQ: FLEX) today announced results for its first quarter ended July 2, 2021. First Quarter Fiscal Year 2022 Highlights: Net Sales: $6.3 billion GAAP Income Before Income Taxes: $233 million Adjusted Operating Income: $290 million GAAP Net Income: $206 million Adjusted Net Income: $230 million GAAP Earnings… Continue reading Flex Reports First Quarter Fiscal 2022 Results
LG Chem profit surges on pandemic demand, EV battery sales improve
The logo of LG Chem is seen at its office building in Seoul, South Korea, October 16, 2020. REUTERS/Kim Hong-Ji SEOUL, July 29 (Reuters) – South Korea’s LG Chem Ltd (051910.KS) on Thursday posted a four-fold surge in quarterly profit on pandemic-led demand for its chemicals used in making electronic products such as laptops and… Continue reading LG Chem profit surges on pandemic demand, EV battery sales improve
Hyundai AutoEver, the Integration of Three Hyundai IT Companies, to Achieve Sales of 3.6 trillion Won In 5 Years… Leading the Mobility Software Market
Announced of first business plan after integration launchTo reinforce mobility SW/Enterprise ITAspire to pioneer new fields such as urban aviation and roboticsTo invest 1.5 trillion in building a s <Hyundai AutoEver CEO Jeong-sik Seo is explaining the company’s strategy and business goals during an online CEO Investor Day held on the 28th. Provided by Hyundai… Continue reading Hyundai AutoEver, the Integration of Three Hyundai IT Companies, to Achieve Sales of 3.6 trillion Won In 5 Years… Leading the Mobility Software Market
LG Chem’s Q2 profit handily beats estimates on lawsuit money
The logo of LG Chem is seen at its office building in Seoul, South Korea, October 16, 2020. REUTERS/Kim Hong-Ji SEOUL, July 29 (Reuters) – LG Chem Ltd (051910.KS) posted a four-fold surge in second-quarter profit that trumped market expectations, helped by settlement payments from legal disputes with its rival SK Innovation Co Ltd (096770.KS)… Continue reading LG Chem’s Q2 profit handily beats estimates on lawsuit money
@VW Group: Volkswagen Group raises outlook for 2021 after a record result in the first half of the year003579
The Volkswagen Group continued its positive business performance and posted a record result despite challenging conditions in the first half of 2021. This positive development was driven in particular by the premium brands Audi and Porsche and by Volkswagen Financial Services. The impacts of the Covid-19 pandemic and global shortage of semiconductors were successfully contained.… Continue reading @VW Group: Volkswagen Group raises outlook for 2021 after a record result in the first half of the year003579