SHANGHAI, July 5 Reuters Chinese electricvehicle maker Xpeng forecast sharp growth in deliveries in the second half of the year thanks to its new model that is taking on Tesla with competitive prices and smartdriving technologies. Xpeng has received a significant amount of orders for its newly launched G6 pure electric crossover, president Brain Gu told reporters […]

MILAN, July 5 Reuters Stellantis on Wednesday unveiled its new 39;STLA Medium39; vehicle platform, the first of four new electriccentric bases that will underpin all future models made by the world39;s fourth largest carmaker by sales. Stellantis, formed at the beginning of 2021 through the merger of Fiat Chrysler and Peugeot maker PSA, sold around 6 […]

July 5 Reuters Quebecor said on Wednesday it will pull its ads from Facebook and Instagram, following Meta Platforms39; decision to stop access to news on the platforms in Canada over a law requiring payments to local news publishers. The Online News Act, or House of Commons bill C18, introduced in April last year laid out rules […]

To operate separately, but integrate networks more closely Norwegian sees 200300 mln crowns of synergies Deal financed from available funds, seen closing by end Q4 OSLO, July 6 Reuters Norwegian Air has agreed to buy domestic peer Wideroe for 1.13 billion crowns 106 million as the reborn airline looks to strengthen its position in its home […]

PARIS, July 6 Reuters Coty said on Thursday there will be no discussion of a Gucci licence deal in the next five years. There will be no discussion on the renewal of any of our licences before at least 5 years, Coty CEO Sue Naby told journalists in response to a question about whether Kering could take […]

NEW YORK, July 5 Reuters Bank of America BofA said on Wednesday it planned to increase its quarterly common stock dividend to 24 cents per share from 22 cents per share beginning in the third quarter of 2023. BofA, unlike other major U.S. banks, had held back a decision on the dividend last week. Rivals JPMorgan […]

TAIPEI, July 6 Reuters Taiwan39;s TSMC, the world39;s largest contract chipmaker, said on Thursday it does not expect any direct impact on its production from China39;s decision to restrict exports of two metals widely used in semiconductors and electric vehicles. In a move that a top Chinese trade adviser warned was just a start, Beijing said on […]

LONDON, July 6 Reuters British electricals retailer Currys reported a 38 fall in full year profit, hurt by the weak performance of its Nordics business and said it would not pay a final dividend as the economic outlook in its main markets remained uncertain. The group reported adjusted pretax profit of 119 million pounds 151.2 million […]