Auto Industry
AFP
Oct 31, 2021, 7:54 PM
The group sold just over 599,000 vehicles in the third quarter, down 22.3 percent compared to the same period in 2020 when the auto industry re-emerged from months of pandemic-induced paralysis.
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AFP | Oct 31, 2021Auto Parts Giant Continental Cuts Outlook As Supply Bottleneck TightensContinental's sales in the third quarter were down year-on-year by 8.5 percent to 8 billion euros as the supply crisis worsened, according to preliminary figures published alongside the outlook revision.1 min read
Reuters | Oct 31, 2021Online Insurer Acko Raises $255 Million For Expansion DriveThe funds will also be used to develop new insurance products, for taking them to customers, as well as for fostering partnerships in the wider health economy including with hospitals.1 min read
AFP | Oct 31, 2021Ghosn Aide Kelly Seeks Acquittal In Tokyo TrialJapanese prosecutors are seeking a two-year prison sentence for Kelly, a US citizen and former aide to ex-Nissan chief Carlos Ghosn.1 min read
AFP | Oct 31, 2021GM Q3 Profit Drops Amid Semiconductor CrunchProfits fell 41 percent to $2.4 billion following a 24 percent drop in revenues to $26.8 billion amid a broad-based decline in sales in all markets and across models.1 min read
AFP | Oct 31, 2021Volvo Cars Shares Soar After IPOThe price per share for the offering had been set at 53 Swedish kronor, at the bottom end of the range Volvo announced last week of between 53 and 68 kronor per share ahead of its initial public offering (IPO).1 min read
AFP | Oct 31, 2021Ford Lifts Forecast, Citing Better Semiconductor SupplyThe Detroit giant, which has joined other major automakers in cutting back production amid a global chip shortage, saw lower revenues tied to a drop in car sales compared with the year-ago period.1 min read
AFP | Oct 31, 2021Daimler Quarterly Profits Up Despite Chip CrisisThe Mercedes-Benz maker said in a statement its net profit surged 19 percent year-on-year to 2.57 billion euros ($3.0 billion) while earnings before interest and taxes rose four percent to 3.61 billion euros.1 min read
Reuters | Oct 31, 2021Didi's Ride Hailing Rival T3 Raises $1.2 Billion To ExpandT3's funding round comes as ride-hailing companies step up efforts to take market share from China's ride-hailing market leader Didi Global Inc.1 min read
