Automotive – Page 7 – PressClub World

11. 2. 2019 No Responses

Driverless delivery startup Nuro raises almost $1 billion from SoftBank

Nuro is already testing fully driverless grocery deliveries in the Phoenix area on public roads. The autonomous delivery startup Nuro has raised $940 million from The Softbank Vision Fund, making it one of the most generously funded startups in the driverless...

9. 2. 2019 No Responses

Tata Steel Q3 profit surges 53% YoY and Tata Motors shares plunge most in 26 years after record loss

Tata Steel Q3 profit surges 53% YoY to Rs 1,751 crore, India business revenue up 10%. The revenue has risen 23% to Rs 41,219 crore vs. Rs 33,446.6 crore last year. EBITDA (earnings before interest, taxes, depreciation and amortization) rose 18% to...

6. 2. 2019 No Responses

Toyota warn on profits as car challenges mount

Toyota, whose net profit last month fell 81%, cut its annual profit expectations for the 12 months to March by 19% to ¥1.87 Trillion. Toyota’s operating profit flatlined in the latest quarter as cost increases and lackluster sales offset a...

4. 2. 2019 No Responses

Ford sales rise about 7% in January, GM down 7%

Ford and GM are no longer announcing monthly sales but Bloomberg sources say Ford was up about 7% and GM down about 7%. Earlier Volkswagen was reported down 6.7% so the consumer is looking a tad soft to start the...

30. 1. 2019 No Responses

Volkswagen is close to hiring banks for Truck Unit IPO

German Volkswagen AG is supposedly close to hiring banks and advisers to work on an IPO (initial public offering) for its heavy-truck division. Citigroup Inc., Deutsche Bank AG, Goldman Sachs Group Inc. and JPMorgan Chase & Co. are likely to...

24. 1. 2019 No Responses

Hyundai Motor suffers first net loss in 8 years as China sales skid 23%

Hyundai Motor Q4 net loss 129.8 Billion won vs profit expected Company’s China vehicle sales slide 23% in Q4 Analysts skeptical of strong Hyundai earnings recovery this year South Korea’s Hyundai Motor surprised the market on Thursday by posting it...