July 11, 2022 10:30 am
Ford Motor Co (F) reported its weakest quarterly vehicle sales in China since the beginning of the COVID-19 pandemic amid resurging virus infections in the country and continuing global supply chain disruptions. The auto maker sold 120,000 vehicles during the second quarter, or a nearly 22% drop compared to the same period a year ago. […]
Read moreJuly 8, 2022 9:37 am
BMW (BMWG) sold 13.3% fewer vehicles during the first half of 2022 compared to the first six months of 2021 amid semiconductor shortages and China lockdowns. The German auto maker delivered 1.16 million BMWs, Mini cars and Rolls-Royces from January to June this year, it said on Friday. BMW’s vehicle sales decreased almost 20% in […]
Read moreJuly 8, 2022 7:07 am
Against the backdrop of rising inflation, total aggregated Bank of America (BAC) credit and debit card spending increased 11% year-on-year in June, following a 9% surge in May and a 13% increase in April, the Wall Street bank said on Thursday. Credit card spending surged 16% year-on-year and debit card spending rose 6% year-on-year in […]
Read moreJuly 7, 2022 10:47 am
NextDecade Corp (NEXT) said it had inked a long-term agreement, involving the supply of liquefied natural gas to China Gas Hongda Energy Trading from its Rio Grande LNG export project in Texas. Under the 20-year sale and purchase agreement (SPA), China Gas will be provided with 1 million metric tonnes of LNG per year. The […]
Read moreJuly 6, 2022 11:02 am
Amazon (AMZN) said this week it had agreed to acquire a 2% stake in Just Eat Takeaway.com’s US meal delivery business, Grubhub, and that its Prime members would be granted access to the service for 1 year. Under the agreement, announced as part of Amazon’s July “Prime Day” promotion Wednesday, Amazon clients will be able […]
Read moreJuly 6, 2022 8:35 am
Xos Inc (XOS), a fleet services provider and manufacturer of Class 5 through Class 8 battery-electric vehicles, said on Tuesday that it had delivered four of its 100% battery-electric vehicles to Loomis, a cash-handling company across North America. “Building on a strong existing relationship, we are pleased to deliver additional vehicles to Loomis, a leading […]
Read moreJuly 5, 2022 7:47 am
Throughout June 2022 people from around the world encountered air travel disruptions on a scale comparable only to March 2020, when the whole world was held in the first ever global lockdown. This summer, hundreds of thousands of travellers may need to look for other ways to move from point A to point B besides […]
Read moreJuly 5, 2022 6:23 am
E-commerce company Allegro announced on Monday it had appointed Roy Perticucci as its next Chief Executive Officer, effective September 1st. Perticucci will replace Francois Nuyts, who said in February he would part ways with the Polish firm. Nuyts, who is also director of the parent company Allegro.eu, is expected to step down from both roles […]
Read moreJuly 1, 2022 11:17 am
Lamborghini intends to invest EUR 1.8 billion in the production of a hybrid lineup by 2024, Il Sole 24 Ore reported, citing the supercar brand’s Chief Executive Officer Stephan Winkelmann. The Italian company plans to invest even more in a fully electric model by the end of the decade. “We have earmarked 1.8 billion, but […]
Read moreJuly 1, 2022 7:33 am
ZoomInfo (ZI), a global leader in modern go-to-market software, data and intelligence, said on Thursday that it had appointed Alison Gleeson to its Board of Directors, effective July 1st. Previously, Gleeson was the Senior Vice President of Americas at Cisco, where she led almost 9,000 people and was responsible for over $25 billion in annual […]
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