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VW sees multi-speed coronavirus rebound led by China

Volkswagen said demand in China was rebounding, thanks to customers who want to switch from public transport to personal vehicles, but warned sales would not recover as quickly in other parts of the world......»»

Category: topSource: reutersMay 6th, 2020

Volkswagen China boss sees sales in China on recovery course

Volkswagen Group said sales of its cars dropped by 23% on the year to 2 million cars in the January to March period but was hopeful on Friday that the Chinese market would recover soon as it moves out of the coronavirus crisis......»»

Category: topSource: reutersApr 17th, 2020

BMW Group Q1 Sales Tumble

Bayerische Motoren Werke AG (OTC: BMWYY) registered a significant slump in its first-quarter vehicle sales due to slowdown in China, Europe and U.S. economic activity. read more.....»»

Category: blogSource: benzingaApr 6th, 2020

BMW Group Q1 Sales Tumble

Bayerische Motoren Werke AG (OTC: BMWYY) registered a significant slump in its first-quarter vehicle sales due to slowdown in China, Europe and U.S. economic activity. What Happened The group, which includes BM.....»»

Category: earningsSource: benzingaApr 6th, 2020

China sales seen picking up after coronavirus blow: Volkswagen

Volkswagen expects vehicle sales in China, the world's largest car market, to quadruple in March, it said, pointing to a recovery following the coronavirus pandemic......»»

Category: topSource: reutersMar 31st, 2020

Volkswagen"s Skoda Auto 2019 deliveries dip to 1.24 million cars due to weaker sales in China

Deliveries of Volkswagen's Skoda Auto dropped slightly in 2019 to 1.24 million vehicles, from 1.25 million in 2018, mainly due to weaker sales in China, the company said on Monday......»»

Category: topSource: reutersJan 13th, 2020

Hermès defies Hong Kong turmoil as Chinese demand buoys sales

Thriving demand in mainland China drove sales higher at luxury brand Hermès in the third quarter, helping the Birkin-handbag maker offset a slowdown in Hong Kong. Francis Maguire reports......»»

Category: videoSource: reutersOct 24th, 2019

Unilever and Nestle sales hit by China slowdown

European consumer goods giants Unilever and Nestle both reported slowing sales growth in China as the pair posted mixed results......»»

Category: topSource: marketwatchOct 17th, 2019

Unilever suffers dip in emerging markets sales growth

A slowdown in India and China put a brake on Unilever's quarterly sales growth, highlighting the challenges facing Chief Executive Alan Jope as he tries to boost the consumer goods giant's business in emerging markets......»»

Category: topSource: reutersOct 17th, 2019

Unilever misses estimates as sales slow in China and India

Consumer goods giant Unilever reported weaker than expected third-quarter sales, citing softer demand in India and a slowdown in China, two of its biggest emerging markets......»»

Category: topSource: reutersOct 17th, 2019

India"s Auto Sector Comes To A Screeching Halt, Sales Crash In August

At the heart of the global manufacturing slowdown, is the slump in the auto industry in China, Europe, and India. More specifically, it's the spectacular crash of the Indian automobile industry in 2019. .....»»

Category: blogSource: zerohedgeSep 5th, 2019

Intel says customers stockpiling chips on U.S.-China tension, hikes forecast

Intel Corp forecast current-quarter profit and revenue above estimates and raised its full-year revenue forecast on Thursday, allaying concerns about a global semiconductor sales slowdown and curbs on U.S. sales to China's Huawei Technologies Co Ltd......»»

Category: topSource: reutersJul 25th, 2019

Intel says customers stockpiling chips on U.S.-China tension, raises forecast

Intel Corp forecast current-quarter profit and revenue above estimates and raised its full-year revenue forecast on Thursday, allaying concerns about a global semiconductor sales slowdown and curbs on U.S. sales to Huawei Technologies Co Ltd......»»

Category: topSource: reutersJul 25th, 2019

Apple (AAPL) Q3 2019 Earnings Preview: iPhone & China Sales

Apple (AAPL) stock still rests 13% below its 52-week high despite its roughly 30% climb in 2019 amid trade war worries and a slowdown in iPhone sales. Now,.....»»

Category: dealsSource: nytJul 11th, 2019

Bleak China autos outlook triggers raft of profit warnings

Auto suppliers Johnson Electric Holdings and Sensirion slashed their earnings forecasts on Thursday, blaming a slowdown in car sales and pessimism about the prospects of a Chinese car sector recovery......»»

Category: topSource: reutersJul 11th, 2019

Skoda Auto"s May deliveries drop 6.6% on weaker Chinese market

Global deliveries for Skoda Auto, part of the Volkswagen group, dropped by 6.6% to 104,900 vehicles in May, pulled down by a weaker overall market in China, its biggest sales destination, the company said on Wednesday......»»

Category: topSource: reutersJun 12th, 2019

China Disappoints With Sluggish Numbers: 5 ETFs in Focus

Amid escalating trade war tensions, China's economy disappoints investors with a slowdown in retail sales, industrial output and declining investments. .....»»

Category: personnelSource: nytMay 16th, 2019

Daimler first-quarter hurt by China slowdown, raw material costs

Daimler's first-quarter operating profit fell 16 percent despite a 718 million euros one-off gain, it said on Friday, as a 4 percent drop in sales of Mercedes-Benz cars, higher raw material costs and investments weighed on earnings......»»

Category: topSource: reutersApr 26th, 2019

Daimler first-quarter weighed by China slowdown

Daimler said its first-quarter operating profit fell 16 percent, weighed down by a 4 percent drop in sales of Mercedes-Benz cars, higher raw material costs and investments into its Trucks division......»»

Category: topSource: reutersApr 26th, 2019

Volkswagen expects core brand"s global 2019 sales to be in line with last year: senior executive

Volkswagen expects global sales of its core brand this year to be in line with the 6.24 million level that it achieved in 2018 even though China sales dipped in the first-quarter, the company said on Monday......»»

Category: topSource: reutersApr 15th, 2019