Tag: Financial Results

Daimler says chip shortage may further impact Q2 sales

Mercedes-Benz car maker Daimler AG (DAIGn.DE) on Friday raised its profit outlook for 2021, but said the global semiconductor chip shortage may continue to impact sales in the second quarter. Daimler said it assumed there would be some recovery in chip availability in the second half of this year but there was limited visibility at… Continue reading Daimler says chip shortage may further impact Q2 sales

Nissan heads for third consecutive loss on chip shortage

TOKYO — Nissan Motor forecasts a net loss of 60 billion yen ($551 million) in the year ending March 2022, the company said Tuesday, as a global semiconductor shortage continues to drag on its operations. That will mean a third consecutive year of losses for the company, although the forecast figure is substantially lower than… Continue reading Nissan heads for third consecutive loss on chip shortage

SK battery materials affiliate surges in Seoul market debut

SEOUL — SK IE Technology, the battery materials affiliate of SK Innovation, made a strong debut on the Seoul stock market on Tuesday, with its shares initially doubling above the initial public offering price before giving up a chunk of their early gains. SK IET raised $2.2 trillion won ($2 billion) in its IPO, floating 21.4 million shares at… Continue reading SK battery materials affiliate surges in Seoul market debut

Renault Group: Nissan contributes -€73 million for first quarter 2021 to Renault’s earnings

 Nissan contributes -€73 million for first quarter 2021 to Renault’s earnings Boulogne-Billancourt, May 11th, 2021 Nissan released today its results for the fourth quarter of fiscal year 2020/2021 (April 1st, 2020 to March 31st, 2021). Nissan’s results, published in Japanese accounting standards, for the fourth quarter of fiscal year 2020/2021 (January 1st to March 31st,… Continue reading Renault Group: Nissan contributes -€73 million for first quarter 2021 to Renault’s earnings

Tesla has scrapped plans to expand its Shanghai Model 3 factory, and will slow production in China because of US-Beijing tensions, according to a report

Tesla has stopped a planned expansion of its Shanghai plant, sources told Reuters. Tesla will slow production in China because of tensions between the China and US, they said. The expanded Shanghai plant would have allowed Tesla to produce 200,000 extra vehicles, they said. See more stories on Insider’s business page. Tesla no longer intends… Continue reading Tesla has scrapped plans to expand its Shanghai Model 3 factory, and will slow production in China because of US-Beijing tensions, according to a report

Caterpillar Announces New 2030 Sustainability Goals and Reports Environmental, Social and Governance (ESG) Progress

DEERFIELD, Ill., May 11, 2021 /PRNewswire/ — Caterpillar Inc. (NYSE: CAT) illustrates how it continues to help its customers build a better, more sustainable world in its 2020 Sustainability Report published today. In addition to highlighting the company’s progress through 2020, the report introduces Caterpillar’s new sustainability goals to achieve by 2030. “Caterpillar is well-positioned… Continue reading Caterpillar Announces New 2030 Sustainability Goals and Reports Environmental, Social and Governance (ESG) Progress

@Renault: Renault Group: Nissan contributes -€73 million for first quarter 2021 to Renault’s earnings000218

 Nissan contributes -€73 million for first quarter 2021 to Renault’s earnings Boulogne-Billancourt, May 11th, 2021 Nissan released today its results for the fourth quarter of fiscal year 2020/2021 (April 1st, 2020 to March 31st, 2021). Nissan’s results, published in Japanese accounting standards, for the fourth quarter of fiscal year 2020/2021 (January 1st to March 31st,… Continue reading @Renault: Renault Group: Nissan contributes -€73 million for first quarter 2021 to Renault’s earnings000218

@Nissan: Nissan reports financial results for fiscal year 2020000336

2021/05/11 [embedded content] YOKOHAMA, Japan – Nissan Motor Co., Ltd. today announced financial results for the fourth quarter and the 12-month period ended March 31, 2021. In fiscal year 2020, Nissan has shown quarter by quarter steady recovery through strengthened financial base, improved selling expenses and fixed cost reduction further supported by renewed product lineup.… Continue reading @Nissan: Nissan reports financial results for fiscal year 2020000336

Dana Launches €325 Million Senior Notes Offering

MAUMEE, Ohio, May 11, 2021 /PRNewswire/ — Dana Incorporated (NYSE: DAN) (“Dana”) today announced that its wholly-owned subsidiary, Dana Financing Luxembourg S.à r.l., is proposing to issue €325 million aggregate principal amount of senior unsecured notes due 2029 (the “2029 Notes”) in a private offering that is exempt from the registration requirements of the Securities… Continue reading Dana Launches €325 Million Senior Notes Offering