BERLIN, July 18 Reuters Volkswagenowned Porsche expects revenue of 38 billion to 39 billion euros 38.63 billion to 39.64 billion in 2022 from 33.1 billion in 2021, the sportscar maker said on Monday, despite registering a 5 drop in deliveries in the first half of the year. Longterm, the brand is targeting 20 or more […]

Q2 iron ore shipment up 4.7, production up 3.6 Fullyear iron ore shipment guidance unchanged Warns of labour shortage in Western Australia Expects GudaiDarri to reach full capacity by 2023 July 15 Reuters Rio Tinto on Friday warned that COVID 19related labour shortages in the resourcerich state of Western Australia and rising inflation would impact its […]

BERLIN, July 15 Reuters Volkswagen Group sales fell by around a fifth in the first half of this year from a year earlier, company data showed on Friday, led by a steep drop in Europe, but batteryelectric sales were boosted by growth in China. Total deliveries to customers worldwide were down 22.4 in the second quarter […]

Gross margin falls to 42.1 from 43.4 Core earnings 7.3 bln crowns vs forecast 8.01 bln crowns CEO says to increase prices Shares fall 11 STOCKHOLM, July 14 Reuters Ericsson, the Swedish telecoms equipment firm facing bribery investigations, reported a rise in secondquarter core earnings on Thursday that missed expectations as margins were hit by […]

SEOUL, July 14 Reuters Hyundai Motor Co on Thursday launched its first electric sedan, Ioniq 6, which the South Korean automaker is betting will help it grab a bigger share of the electric vehicle EV market dominated by Tesla Inc . The Ioniq 6 is one of more than 31 electric models that Hyundai Motor Group […]

WILMINGTON, Del., July 12 Reuters Twitter Inc sued Elon Musk on Tuesday for violating his 44 billion deal to buy the social media platform and asked a Delaware court to order the world39;s richest person to complete the merger at the agreed 54.20 per Twitter share. Musk apparently believes that he unlike every other party subject […]

July 11 Reuters A federal judge said Subway can be sued for allegedly deceiving customers about its tuna products, including a claim it uses other fish species, chicken, pork and cattle instead of the advertised 100 tuna. U.S. District Judge Jon Tigar in San Francisco called it premature to accept Subway39;s argument that any presence […]

SEOUL, July 12 Reuters Hyundai Motor Co said on Tuesday it would build a dedicated electric vehicle EV factory in South Korea that will become its first automobile plant to open in the country in almost three decades. Production is due to begin by 2025, the company39;s union said in a statement, relaying a pledge that […]

July 12 Reuters Walmart Inc has struck a deal with Canoo Inc to buy 4,500 electric vehicles as part of the U.S. retailer39;s goal to achieve netzero emissions by 2040. Shares of Canoo jumped about 37 in trading before the bell, after Walmart said on Tuesday that it also had an option to purchase up to 10,000 […]

July 12 Reuters PepsiCo Inc raised its fullyear revenue forecast on Tuesday as consumers bought more sodas and snacks even in the face of rising prices. The company39;s shares rose about 1.3 to 172.70 in premarket trading. Packaged food makers have so far felt little impact of decadeshigh inflation on consumer demand, especially in the United […]