Auto Industry
AFP
Oct 31, 2021, 8:47 PM
New car registrations fell by 23.1 percent to 718,598 in September 2021 compared to a year ago, according to the European Automobile Manufacturers' Association, known as ACEA.
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AFP | Oct 31, 2021Truck Maker Volvo Says Profits Back Near Pre-Pandemic LevelsVolvo said in a statement that bottom-line net profit rose to just over seven billion kronor (700 million euros, $810 million) in three months to September, compared to 5.7 billion kronor in the same period a year earlier.1 mins
AFP | Oct 31, 2021Petrol Price Hits Record High At UK PumpsThe previous record at the pumps, set in April 2012, was broken on Sunday as global oil prices rise dramatically, doubling from around $40 a barrel a year ago to $85 now.1 mins
AFP | Oct 31, 2021Renault Forecasts Production Fall On ShortagesThe 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.1 mins
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 mins
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 mins
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 mins
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 mins
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 mins
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