On Wednesday, Toyota Motor Corp cut back its annual production target by half a million vehicles following COVID-19 sick leaves and chip shortages crimping the company’s output. Toyota, the world’s biggest carmaker, will build 8.5 million vehicles this year ending March… Read More ›
In a statement Aston Martin said, in 2021 sales to dealers have surged by 82%; despite this the British luxury automaker has forecast lower-than-expected annual adjusted core earnings due to fewer-than-planned shipments of its Valkyrie sports cars during the fourth quarter…. Read More ›
In a statement trade unions said Volkswagen’s unit Skoda Auto plans on cancelling several shifts citing shortage of auto parts. The development comes ahead of the car maker’s annual general two-week leave. Although the annual leave is scheduled for the first… Read More ›
Best Buy Co Inc’s Executive Chairman Hubert Joly will be stepping down and will not stand for re-election at its annual general shareholder’s meeting on June 11. Joly, a restructuring expert and former chief executive officer of the company, had… Read More ›
The annual telecoms industry gathering event, the Mobile World Congress (MWC), was cancelled on Wednesday following a mass exodus by exhibitors over fears over China’s coronavirus pandemic. The annual event which draws more than 100,000 visitors to Barcelona was cancelled… Read More ›
Data from China’s General Administration of Customs data showed, exports of rare earth magnets to the United States have surged by 21.7% month on month to 477 tonnes in October 2019, to touch their highest level since 2016. U.S.-bound shipments… Read More ›
Bernard J. Tyson, chairman and chief executive officer of not-for-profit health insurer Kaiser Permanente, died in his sleep aged 60, said the company in a statement. Tyson, who rose to the top job since 2013, was the company’s first black… Read More ›
Carillion’s collapse has angered lawmakers who called on the FRC to consider breaking up the “Big Four” accountants in order to increase competition and audit quality. On Tuesday, Britain, financial watchdog, the Financial Reporting Council (FRC) stated, it has opened… Read More ›
Warren Buffet sees Apple Inc more as a consumer company rather than a tech stock, which essentially reflects Apple’s devices as essential household possessions for consumers. For billionaire investor Warren Buffett, the falling prices of Apple Inc’s shares are music… Read More ›
European Commission President Jean-Claude Juncker and European Council President Donald Tusk are in Beijing to meet Chinese Premier Li Keqiang for the annual China-EU leaders dialogue. On Monday, Donald Tusk, the President of the European Council stated, the World Trade… Read More ›
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