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PORSCHE OPERATING LOSS
On This Day in History, June 8: Porsche is born, Ghostbusters release, Siam renamed Thailand, Orwell's Nineteen Eighty-Four published, NFL merger announced, Robert F. Kennedy laid to rest and other major eventsOn This Day in History, June 8, the world witnessed events that shaped politics, warfare, literature and culture. The Viking raid on Lindis...- Porsche to wind down charging network in tough China market, agency reportsPorsche China will gradually shut down its own charging network of around 200 stations from March 1, Yicai reported, citing the company.
- Volkswagen swings to 1.3-billion euro loss in Q3 on tariff, Porsche woesVolkswagen reported a 1.3-billion-euro operating loss in the third quarter, significantly impacted by billions in costs from U.S. tariffs a...
- Volkswagen is ok on chip supply for now, CEO tells Bild am SonntagVolkswagen Group has secured enough chips for now. CEO Oliver Blume highlights the fragile chip supply chain. A Chinese export ban on Nexpe...
- Incoming Porsche CEO is on a road full of challengesPorsche is set to report a significant operating loss. The German sports car maker faces challenges in China and from U.S. tariffs. A new C...
- Porsche's new CEO will inherit old problemsPorsche's outgoing CEO delivers a grim report. The German sports car maker faces a significant operating loss. A new CEO, Michael Leiters, ...
- European shares flat as bond market worries subside, airline stocks slideEuropean shares steadied on Thursday as investors held back amid bond market jitters, while a weak forecast from British budget airline Jet...
- Auto ancillary stocks shift into top gear but caution lights flashAuto ancillary stocks rallied sharply amid broader market gains, but analysts urge caution as demand weakens, margins shrink, and global un...
- Bengaluru transport dept seizes 30 luxury cars worth crores including Ferrari, Porsche, BMW for not paying taxBengaluru transport department seized 30 luxury cars, including Ferrari and Porsche, due to unpaid taxes. The operation, led by Deputy Comm...
- Volkswagen says supply jams here to stay as earnings stagnateVolkswagen said supply bottlenecks were the new norm as its third quarter earnings stagnated below pre-pandemic levels, under the burden of...
- European shares stabilise after Ukraine-driven routThe pan-European STOXX 600 index rose 0.6% after sliding to its lowest since May 2021 in the previous session. The benchmark was on course ...
- BMW reaps USD 5.7 billion in profit, warns on parts shortagesThe BMW result follows strong profits at competitor Mercedes-Benz, a division of Daimler, and at Volkswagen's premium Audi and Porsche divi...
- Turning corona corner, Volkswagen's profit falls less than fearedThe group said full-year operating profit, excluding costs related to its diesel emissions scandal, came in at 10 billion euros ($12.2 bill...
- Vroom vroom! Maserati's new super sports car MC20 hits Italian streets, electric version expected soonThe MC20 will launch with an internal combustion engine, with a full-electric version expected later.
- Bank of India had lent Rs 23 crore to 2 Gupta companiesBank of Baroda, which plans to close operations in South Africa, is likely face a loss of Rs 120 crore this quarter if the Guptas fail to r...
- Porsche cashes in on turnaround with consultancy businessPorsche Consulting's team of over 360 can draw on the carmaker's experience of recovering from the brink of insolvency two decades ago.
- India outsourcing under scanner after $45-mn global ATM heistThe modus operandi included hacking in computer systems of payment processing cos to compromise account details of prepaid card a/c custome...
- Indians among 111 charged in biggest credit card scam in USAmong those indicted in 'Operation Swiper' are bank tellers, store employees and restaurant workers who allegedly skimmed customers' person...
- Carmakers feel the pinch as crisis pains Wall StEurope's carmakers are cutting production and reporting falling sales in a clear sign that the global financial crisis is spreading from ba...
- Realty companies join the run of luxury mallsAfter DLF and UB Group's foray into the luxury retail segment, other players are firming up plans for niche luxury malls in metro cities. O...
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