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Samsung Electronics Reports 96% Drop In Q2 Profit As Chip Glut Persists
Samsung Electronics Co Ltd reported a likely 96% plunge in second-quarter operating profit on Friday, as an ongoing chip glut drives large losses in the tech giant's key business despite a supply cut.
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TSMC Says Its IT Hardware Supplier Targeted in Cyberattack
Taiwan Semiconductor Manufacturing said on Friday that a cybersecurity incident involving one of its IT hardware suppliers has led to the leak of the vendor's company data. TSMC confirmed that its business operations or customer information were not affected following the cybersecurity incident at its supplier Kinmax.
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GM, Travel Operator Pilot To Develop EV Charging Network
General Motors Co and travel operator Pilot will develop a network of 2,000 electric vehicle charging stalls at travel centers in U.S. to make it easier to recharge near highways.
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Ford, SK On Finalize U.S. EV Battery Joint Venture
Ford Motor Co and South Korean battery maker SK On Co along with its subsidiary finalized setting up a joint venture for building and operating battery production facilities in the United States.
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Explainer: Can Companies Leaving Russia Recover Losses Through Insurance?
Hundreds of companies have said they are withdrawing or suspending operations in Russia after its invasion of Ukraine, from energy producer Shell Plc to carmaker Hyundai Motor Co to PwC, a global professional services firm.
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Ford Has No Plans To Spin Off EV Or Gasoline-Powered Vehicle Businesses -CEO
Some investors have pushed Ford and rival General Motors Co to spin off their EV operations as a way to better tap into the full value of those businesses.
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Japan's Osaka Gas Plans To Enter India's City Market
The Indian government is promoting the use of natural gas and grants operators exclusive marketing rights and infrastructure ownership for a certain period, Osaka Gas Co said.
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Indian Oil Net Profit Rises Marginally To Rs 6,235 Crore In September Quarter
Indian Oil Q2 Results: The state-run oil refiner's revenue from operations stood at Rs171,787.19 crore, compared to Rs 1,16,717.62 crore in the year-ago period
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Why US Carmaker Ford Motor Is Shutting Manufacturing Plants In India
After operating for 25 years in India, American auto major Ford Motor Co has decided to pull the plug on local manufacturing. The US automaker said that it would "take a hit of about $2 billion as it does not see a path to profitability in India."
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Honda Swings To Q1 Operating Profit, Trounces Estimates
Operating profit at Japan's No.2 car maker by sales for the three months ended June 30 was double the average profit estimate of 119.2 billion yen based on nine analysts surveyed by Refinitiv.
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Hyundai To Take Stake In German Hydrogen Fuelling Group H2 Mobility
Hyundai Motor Co will invest in Germany's H2 Mobility network of hydrogen fuelling station operators, it said on Thursday, as it looks to support infrastructure for fuel cell-powered vehicles.
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General Motors Swings To Profit, Raises Full-Year Outlook
General Motors Co on Wednesday swung to a second-quarter profit from a loss last year when the COVID-19 pandemic shut operations and raised its full-year forecast despite an $800 million hit from the recalls of the Chevrolet Bolt electric vehicle.
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Nissan Raises Earnings Outlook, Optimistic Chip Crunch Will Ease
Japanese automaker Nissan Motor Co on Wednesday raised its earnings outlook for the year, helped by a weaker yen and favourable demand in the United States and China, after reporting a surprise first-quarter operating profit.
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Reliance Industries Gains Nearly 1% On Pact With Abu Dhabi Oil Refiner
"This is a significant step in globalising Reliance's operations, and we are proud to partner with ADNOC in this important project for the region," Mukesh Ambani said
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US Aviation Body Mandates Boeing 737 MAX Inspections For Automated Flight System
The Federal Aviation Administration (FAA) on Wednesday issued a directive for Boeing Co requiring operators of 737 MAX airplanes to conduct additional inspections for the plane's automated flight control system.
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Samsung Electronics Reports 96% Drop In Q2 Profit As Chip Glut Persists
Samsung Electronics Co Ltd reported a likely 96% plunge in second-quarter operating profit on Friday, as an ongoing chip glut drives large losses in the tech giant's key business despite a supply cut.
-
TSMC Says Its IT Hardware Supplier Targeted in Cyberattack
Taiwan Semiconductor Manufacturing said on Friday that a cybersecurity incident involving one of its IT hardware suppliers has led to the leak of the vendor's company data. TSMC confirmed that its business operations or customer information were not affected following the cybersecurity incident at its supplier Kinmax.
-
GM, Travel Operator Pilot To Develop EV Charging Network
General Motors Co and travel operator Pilot will develop a network of 2,000 electric vehicle charging stalls at travel centers in U.S. to make it easier to recharge near highways.
-
Ford, SK On Finalize U.S. EV Battery Joint Venture
Ford Motor Co and South Korean battery maker SK On Co along with its subsidiary finalized setting up a joint venture for building and operating battery production facilities in the United States.
-
Explainer: Can Companies Leaving Russia Recover Losses Through Insurance?
Hundreds of companies have said they are withdrawing or suspending operations in Russia after its invasion of Ukraine, from energy producer Shell Plc to carmaker Hyundai Motor Co to PwC, a global professional services firm.
-
Ford Has No Plans To Spin Off EV Or Gasoline-Powered Vehicle Businesses -CEO
Some investors have pushed Ford and rival General Motors Co to spin off their EV operations as a way to better tap into the full value of those businesses.
-
Japan's Osaka Gas Plans To Enter India's City Market
The Indian government is promoting the use of natural gas and grants operators exclusive marketing rights and infrastructure ownership for a certain period, Osaka Gas Co said.
-
Indian Oil Net Profit Rises Marginally To Rs 6,235 Crore In September Quarter
Indian Oil Q2 Results: The state-run oil refiner's revenue from operations stood at Rs171,787.19 crore, compared to Rs 1,16,717.62 crore in the year-ago period
-
Why US Carmaker Ford Motor Is Shutting Manufacturing Plants In India
After operating for 25 years in India, American auto major Ford Motor Co has decided to pull the plug on local manufacturing. The US automaker said that it would "take a hit of about $2 billion as it does not see a path to profitability in India."
-
Honda Swings To Q1 Operating Profit, Trounces Estimates
Operating profit at Japan's No.2 car maker by sales for the three months ended June 30 was double the average profit estimate of 119.2 billion yen based on nine analysts surveyed by Refinitiv.
-
Hyundai To Take Stake In German Hydrogen Fuelling Group H2 Mobility
Hyundai Motor Co will invest in Germany's H2 Mobility network of hydrogen fuelling station operators, it said on Thursday, as it looks to support infrastructure for fuel cell-powered vehicles.
-
General Motors Swings To Profit, Raises Full-Year Outlook
General Motors Co on Wednesday swung to a second-quarter profit from a loss last year when the COVID-19 pandemic shut operations and raised its full-year forecast despite an $800 million hit from the recalls of the Chevrolet Bolt electric vehicle.
-
Nissan Raises Earnings Outlook, Optimistic Chip Crunch Will Ease
Japanese automaker Nissan Motor Co on Wednesday raised its earnings outlook for the year, helped by a weaker yen and favourable demand in the United States and China, after reporting a surprise first-quarter operating profit.
-
Reliance Industries Gains Nearly 1% On Pact With Abu Dhabi Oil Refiner
"This is a significant step in globalising Reliance's operations, and we are proud to partner with ADNOC in this important project for the region," Mukesh Ambani said
-
US Aviation Body Mandates Boeing 737 MAX Inspections For Automated Flight System
The Federal Aviation Administration (FAA) on Wednesday issued a directive for Boeing Co requiring operators of 737 MAX airplanes to conduct additional inspections for the plane's automated flight control system.
