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Volkswagen sold 2 million fewer cars due to chips, warns supply chain troubles not over
BERLIN (Reuters) - Volkswagen sold 2 million fewer cars than planned last year due to the semiconductor shortage, it said Tuesday, warning that ongoing supply bottlenecks, high commodity prices and th...
Syndicated Content Mar 15, 2022
H&M Q1 sales grow 23% yr/yr, in line with forecast
STOCKHOLM (Reuters) -Sweden's H&M, the world's second-biggest fashion retailer, reported on Tuesday an increase in December through February sales that was in line with expectations. Net sales in the ...
Syndicated Content Mar 15, 2022
Amazon, Future talks have failed, lawyers tell India’s Supreme Court
NEW DELHI (Reuters) - Talks between Amazon.com Inc and India's Future Retail aimed at resolving a long-running dispute over whether Future's retail assets can be sold to Reliance Industries have faile...
Syndicated Content Mar 15, 2022
With Toyota as partner, Mazda hopes to jump-start U.S. market
By Satoshi Sugiyama and Maki Shiraki TOKYO (Reuters) - A decade after Mazda Motor's cars disappeared from Ford Motor's factory floors in Michigan, the Japanese automaker is once again building in the ...
Syndicated Content Mar 15, 2022
Volkswagen returns to profit in North and South America
BERLIN (Reuters) - The Volkswagen Group achieved a 16% market share in China in 2021 and the VW brand returned to profit in North and South America, the German carmaker said on Tuesday. The Volkswagen...
Syndicated Content Mar 15, 2022
Philippines sees Ukraine conflict having ‘temporary’ impact on economy
MANILA (Reuters) - The impact of the Russia-Ukraine conflict on the Philippine economy is expected to be temporary, Economic Planning Secretary Karl Chua told a media briefing on Tuesday. "We have a v...
Syndicated Content Mar 15, 2022
Northvolt to build its third battery gigaplant in northern Germany
STOCKHOLM (Reuters) - Northvolt said on Tuesday it planned to build a lithium-ion battery plant with an annual capacity of 60 gigawatt hours (GWh) in Heide in northern Germany. Northvolt, whose bigges...
Syndicated Content Mar 15, 2022
Bentley to roll out one electric car annually for five years from 2025
(Reuters) - Luxury carmaker Bentley unveiled plans on Tuesday to build a new electric model annually for five years from 2025 after its annual profit skyrocketed, as the British firm builds on parent ...
Syndicated Content Mar 15, 2022
Cryptoverse: Bitcoin’s scared of commitment, Mr Biden
By Medha Singh (Reuters) - Bitcoin loves flirting with the mainstream. But now, as the U.S. president says he wants to get serious, it may be getting cold crypto feet. When Joe Biden ordered officials...
Syndicated Content Mar 15, 2022
Yum China, BYD say China’s COVID curbs have impacted operations
SHANGHAI (Reuters) - Chinese businesses from automaker BYD to KFC operator Yum China say their operations have already been hit by the country's latest COVID-19 curbs, with more disruption expected as...
Syndicated Content Mar 15, 2022
Peoria, IL, USA
43 °F Mist
