Automotive

Volvo's shares up after record first quarter profits

Volvo Group's shares were up seven percent Wednesday after the Swedish truck-maker posted record first-quarter earnings, in a sign of an easing of supply chain disruptions and high costs that have plagued the auto industry.

Business

Alibaba quarterly revenue rises 2%: earnings report

China's Alibaba Group said Thursday its revenue rose two percent year-on-year in the quarter ending December 2022, as the internet giant shook off the impact of strict COVID containment measures and a slump in consumer demand.

German logistics firm to print parts to cut supply chain woes

German logistics company DB Schenker said Wednesday its customers can order components from a "virtual warehouse" that it will then produce with 3D technology, in a new service aimed at circumventing delivery waits and supply ...

Business

Incentives not a guarantee of more US-made semiconductors

A $52 billion federal package to incentivize U.S. production of semiconductor chips has energized the high-tech sector, but operations experts aren't convinced it will be the end to dramatic shortages that have created pain ...

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