Jefferies downgrades Tesla to Hold after price cuts
Jefferies analysts downgraded Tesla (NASDAQ:TSLA) shares to Hold from Buy after the electric vehicle (EV) maker implemented several rounds of price cuts…
Japan’s Honda Motor in strategic collaboration deal with TSMC
(Reuters) -Japan’s Honda Motor Co said on Wednesday it had struck a strategic collaboration agreement with Taiwan Semiconductor Manufacturing Co…
One in five cars sold this year will be electric – IEA
(Reuters) – Electric cars are expected to make up nearly one-fifth of the global market this year, according to the…
LG Display talks up H2 recovery hopes after 4th straight quarterly loss
(Reuters) -South Korean display panel maker LG Display (NYSE:LPL) on Wednesday pinned hopes for a second-half turnaround on the tech…
Danone raises 2023 sales outlook after price hikes boost Q1
(Reuters) -Danone raised its 2023 sales growth outlook after it reported higher-than-expected first-quarter revenue on Wednesday, as the world’s largest…
Roche Q1 sales decline tempered by swift uptake of new eye drug
(Reuters) -Switzerland’s Roche said first-quarter sales dropped 7% on falling demand for its COVID-19 therapies and diagnostics kits, less steep…
GSK beats first-quarter profit, revenue estimates
(Reuters) -GSK on Wednesday beat expectations for its first-quarter revenue and profit, helped by sales of its blockbuster shingles vaccine…
Puma expects Q2 sales growth below full-year target
(Reuters) – German sportswear maker Puma on Wednesday said it expected second-quarter sales to grow at a low- to mid-single-digit…
VW’s Skoda aims for six electric vehicle models by 2026
(Reuters) – Czech carmaker Skoda Auto, part of German group Volkswagen (ETR:VOWG_p), wants to expand its electric vehicle range to…
Lower output, high costs to pressure Newmont, Barrick earnings
(Reuters) – North American gold miners Newmont Corp and Barrick Gold (NYSE:GOLD) Corp are expected to post lower quarterly profits…