Chip shortage puts a brake on auto industry
Initially downplayed by auto industry bosses, the global shortage of computer chips has worsened and severely hampered carmakers, according to their latest results.
Oct 28, 2021
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5
Automotive
News tagged with operating profit
Business
Samsung Electronics forecasts profits jump despite virus
Samsung Electronics forecast a 23-percent rise in second-quarter operating profit Tuesday, with strong demand for memory chips and displays overcoming the impact of the coronavirus pandemic on smartphone sales.
Jul 7, 2020
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4
Business
Sanctions-hit Huawei says back to 'business as usual'
Chinese tech giant Huawei said on Friday it had returned to "business as usual" despite US sanctions as it estimated annual revenues to remain flat for 2022.
Dec 30, 2022
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4
Business
Emirates predicts 18-month lull in air demand
Gulf aviation giant Emirates said Sunday it would take at least 18 months for travel demand to return to "a semblance of normality", despite reporting bumper pre-pandemic profits.
May 10, 2020
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7
Business
Lufthansa pays back German bailout early
German airline Lufthansa said on Friday that it had finished repaying a nine-billion-euro ($10 billon) government bailout that saved it from bankruptcy at the height of pandemic travel curbs.
Nov 12, 2021
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18
Energy & Green Tech
Japan's Honda outlines strategy to forge ahead on EVs
Honda is investing 5 trillion yen ($40 billion) over the next decade in research, especially to realize a major shift to ecological electric vehicles, the Japanese automaker said Tuesday.
Apr 12, 2022
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3
Automotive
Costly 'dieselgate' chokes Daimler results in 2019
German auto giant Daimler warned Wednesday that its 2019 earnings could fall short of expectations due to massive new charges over diesel emissions cheating, further clouding the outlook for the vital car sector as a whole.
Jan 22, 2020
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2
Business
British Airways parent IAG logs vast loss on virus
IAG, the owner of British Airways and Spanish carrier Iberia, dived into a net loss of 1.76 billion euros ($2.1 billion) in the third quarter on coronavirus fallout, it said Friday.
Oct 30, 2020
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3
Business
Virus drives down Toyota profit forecasts
Toyota on Tuesday forecast a sharp drop in sales and operating profit over the coming year as the Japanese giant suffers from the "wide-ranging, significant and serious" fall-out from the coronavirus pandemic that has shredded ...
May 12, 2020
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6
Automotive
Volvo Cars defies slowing market to hit record sales
Volvo Cars, the Swedish luxury brand owned by China's Geely, defied a slowing global auto market to set a record for sales in the first half of the year, although US trade war tariffs and falling prices squeezed profits.
Jul 18, 2019
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0
Profit (accounting)
Accounting profit is the difference between price and the costs of bringing to market whatever it is that is accounted as an enterprise (whether by harvest, extraction, manufacture, or purchase) in terms of the component costs of delivered goods and/or services and any operating or other expenses.
A key difficulty in measuring profit is in defining costs. Pure economic monetary profits can be zero or negative even in competitive equilibrium when accounted monetized costs exceed monetized price.
This text uses material from Wikipedia, licensed under CC BY-SA
