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AUTOMAKERS CORE PROFITS
Micron stock surges after Micron earnings report crushes estimates: How is AI demand driving Micron to new heights?Micron's earnings report highlights the rising influence of AI on the semiconductor sector. The company has exceeded projections while fore...- INSIGHT-How Honda's old guard tried, and failed, to oust its CEOHonda is encountering significant disputes as a faction of retired executives pushes for the removal of CEO Toshihiro Mibe. Citing his fail...
- JLR to raise £2 billion five-year loan from global banks to refinance debtJaguar Land Rover is securing a significant £2 billion loan. This move aims to refinance upcoming debt obligations. Several multinational b...
- China's Xiaomi Q1 profit sinks 43% on higher memory chip costsXiaomi's first-quarter net profit saw a significant 43% drop. High memory chip costs pressured its smartphone sales. The company is investi...
- Deloitte India could lead professional services space soon: Romal ShettyDeloitte India’s leadership believes that the future of professional services will extend beyond traditional offerings to solutions, platfo...
- US stocks today: Nasdaq, S&P 500 end lower on renewed AI growth worries ahead of big tech earningsU.S. stocks retreated from record highs as concerns over the AI boom and OpenAI's performance weighed on tech shares. Investors are anticip...
- US stocks today: Nasdaq underperforms S&P 500, Dow as AI growth worries hit tech stocksThe Nasdaq Composite saw a decline on Tuesday. Investors are questioning the sustainability of the artificial intelligence boom for tech st...
- Mahindra Group targets 8-fold jump in auto revenue during FY20-30 periodMahindra Group is targeting significant growth in its auto sector revenue by FY30. The company plans to expand its SUV and light commercial...
- Honda pulls back on EV strategy for now and will push hybrid salesHonda has revised its electric vehicle strategy. The company is reducing its investment in electrification. This decision comes as EV sales...
- Ferrari reports 15% rise in Q1 earnings, confirms forecasts despite tariff risksFerrari reported a 15% increase in first-quarter core earnings, reaching 693 million euros, driven by pricier models and strong demand for ...
- Mercedes-Benz 2024 car sales fall in tough year for automakersMercedes-Benz's car sales fell by 3% in 2024, significantly impacted by a 7% decline in China and a 3% decrease in Europe. Sales of battery...
- Donald Trump's tariffs could cost carmakers up to 17% of combined core profits: S&PEuropean and American carmakers could lose up to 17% of their annual core profits if the U.S. imposes import tariffs on Europe, Mexico, and...
- Nissan to axe 9,000 jobs, cut production on weak China, US salesNissan Motor announced cost-saving measures on Thursday, including 9,000 job cuts and a 20% reduction in global production capacity. The au...
- Chipmaker NXP third quarter forecast above estimates on steady automotive demandNXP, which had earlier said it expects no material impact from China's export curbs on certain gallium and germanium products, makes about ...
- Mahindra to focus on SUVs, electric after ending Ford JV talksAnish Shah, the deputy managing director, said Mahindra will focus mainly on large SUVs for its core India market in the short term and mov...
- Swedish earnings, Daimler support European stocks ahead of EU summitThe pan-European STOXX 600 index rose 0.2% by 0714 GMT, with automakers jumping 1.8% after Daimler AG said it expects to post a smaller-tha...
- Nissan to introduce 8 new models in Africa, Middle East and IndiaAs part of the transformation plan, the company will build on its existing strengths in the region, maximise synergies with alliance partne...
- Toyota to double global hybrid output in two years: ReportToyota Motor Corp plans to double its global production of hybrid vehicles in about two years, positioning such fuel-sipping cars as a core...
- Daimler profit plunges 65 per centThe German luxury automaker Daimler said on Tuesday that its 2008 net profit had plunged by 65 percent to 1.4 billion euros (1.8 billion do...
- Ford Motor Q1 loss narrows to $282 mnFord Motor posted a narrower quarterly loss Thursday as cost-cutting and improved results from its European and luxury vehicle operations p...
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