FRANKFURTLONDON, July 10 Reuters Shares in luxury carmaker Porsche AG rose 3.9 and were among the biggest gainers in Frankfurt39;s bluechip DAX index on Wednesday after positive brokerage comments following a call with investors. Porsche, which is majority owned by Volkswagen, held on Tuesday what is known as a preclose call a briefing for analysts before a […]

July 10 Reuters Toyota has joined a group of major automakers to back electric vehicle charging firm, IONNA, which is building a highpowered EV charging network across North America, the companies said on Wednesday. The group39;s statement did not provide a value or additional details on the investment. Seven large automakers, including Mercedes, GM, Stellantis, Honda, […]

July 10 Reuters China39;s Ping An Insurance is considering issuing a convertible bond worth up to 5 billion, according to two sources with direct knowledge of the matter. The bond could raise between 2 billion and 5 billion, according to one of the sources. A deal is expected in the next few weeks, the sources added. […]

LONDON, July 9 Reuters Fast fashion retailer Shein said it would invest 250 million euros 271 million over five years in the UK and Europe as the company battles criticism of its model based around flying cheap clothes and accessories from factories in China direct to shoppers worldwide. Shein, which is preparing for a possible London […]

TSMC Q2 revenue T673.51 billion, beating market forecasts AI boom fuels surge in demand for TSMCmade chips TSMC39;s stock at historic high TSMC reports Q2 earnings on July 18 TAIPEI, July 10 Reuters TSMC, the world39;s largest contract chipmaker, reported strong growth in secondquarter revenue on Wednesday that handily beat market forecasts, on the back […]

BERLIN, July 10 Reuters MercedesBenz saw a 6 decline in sales in the second quarter as demand for batteryelectric vehicles slumped, the carmaker said on Wednesday, promising to make up lost ground with improved availability and market launches. The company said it sold 600,100 cars and vans in the second quarter of 2024. Of those, 51,000 […]

VW lowers 2024 returns forecast to 6.57 on unplanned expenses Analysts welcome efforts to lower costs, reduce capacity Audi39;s Q8 etron demand down as brand teases newer models BERLIN, July 10 Reuters Volkswagen shares fell more than 2 early on Wednesday after it issued an overnight profit warning triggered in part by the possible closure of […]

BERLIN, July 10 Reuters BMW on Tuesday reported the strongest sales among Germany39;s top three premium carmakers and was the only brand to significantly boost batteryelectric deliveries, as MercedesBenz and Porsche struggled with low demand. BMW saw a 2.3 rise in total sales in the first half of the year to almost 1.1 million vehicles, with […]