Business

Ford posts profit, says chip shortage may cut production 50%

Ford Motor Co. posted a surprising $3.26 billion first-quarter net profit on Wednesday, but the company said a worsening global computer chip shortage could cut its production in half during the current quarter.

Business

Spotify posts rare profit, shares tumble on timid user growth

Spotify posted on Wednesdaya rare net profit in the first quarter and a sharp increase in paid subscribers as the music streaming giant launched in dozens of new markets, but disappointing total users sent shares tumbling.

Automotive

Chip shortage puts the brakes on automakers

A shortage of silicon chips is forcing automakers to cut back on production across the globe and may encourage efforts to cut reliance on Asian suppliers.

Automotive

Renault bets on electric after 2020 sales slump

French auto giant Renault on Tuesday reported a sharp drop in 2020 sales amid the coronavirus pandemic, while unveiling its plans for the transition to electric- and hydrogen-powered vehicles.

Business

Uber's food delivery business outshines core rides service

Uber's food delivery business brought in more money during the third quarter than its signature rides business, showing just how much consumer behavior has changed—and how far the company has adapted—since the pandemic ...

Automotive

Toyota ramps up full-year forecasts as sales recover

Toyota on Friday almost doubled its full-year forecasts, saying sales and production were recovering quickly from the coronavirus pandemic, which has shredded the global auto market this year.

Business

SK Hynix in $9 bn deal for Intel's flash memory chip business

The world's second-largest chipmaker, South Korea's SK Hynix, announced a record $9 billion deal Tuesday to buy Intel's flash memory chip operation as it seeks to bolster its position against rival behemoth Samsung Electronics.

page 1 from 10