Great Wall may consider building cars in Europe once sales hit 50,000 a year: chairman

Tesla Inc. reported a sixth-straight quarter of profit and a sales beat late Wednesday, but earnings came in below Wall Street expectations and the stock fell as much as 7% in after-hours trading......»»

Tesla Inc (NASDAQ: TSLA) has had a record stock run. The company continues to increase sales year over year, while still building new factories in Germany and Texas, and the company appears to be on its way to cracking a new market. read more.....»»

The average age of a car on the road in America is over 11 years. This poses a nearly impossible dilemma for manufacturers as they try to get sales back to former levels......»»

Thomson Reuters cut its full-year sales outlook due to disruption to the global economy from the coronavirus crisis on Tuesday as it reported higher quarterly sales and earnings which fell slightly short of Wall Street estimates......»»

Thomson Reuters reported higher quarterly sales and operating profit that fell slightly short of Wall Street estimates on Tuesday, while cutting its full-year sales outlook due to disruption to the global economy from the coronavirus crisis......»»

Thomson Reuters Corp reported higher quarterly sales and operating profit that fell slightly short of Wall Street estimates on Tuesday and cut is full-year sales outlook, citing unprecedented disruption in the global economy......»»

Nissan Motor Co on Tuesday said it expected to post its first annual operating loss in 11 years as the Japanese automaker struggles to recover from plunging vehicle sales as the coronavirus pandemic has sapped demand for cars. Francis Maguire reports......»»

Japan's Nissan Motor Co Ltd plans to slash the number of cars it produces at home in May by 78% from last year, as the impact of the coronavirus shakes the troubled automaker which has already been struggling with falling sales......»»

U.S. railroad operator Kansas City Southern withdrew its full-year earnings forecast on Friday on coronavirus concerns, but topped Wall Street estimates for quarterly profit as higher Mexico shipments boosted sales its chemicals and petroleum business......»»

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......»»

Volkswagen Group on Friday said sales of its cars dropped by 23% on the year to 2 million cars in the January to March period......»»

The drop even tops that from the 2008-9 global financial crisis, which triggered a six-year slump in car purchases.....»»

Wall Street's main indexes slid 2% on Wednesday, as a record drop in retail sales and dour first-quarter earnings reports lent weight to forecasts for the biggest economic slump since the Great Depression......»»

Banks stand to lose more than $100 million from a loan they made to the chairman of Luckin Coffee Inc. whose share price plunged after the Chinese coffee chain last week said much of its 2019 sales were fabricated......»»

Sweden's Volvo Car Group, owned by China's Geely, scaled back its guidance for the full year, warning that sales, earnings and cash flow in the first half of 2020 would decline from a year ago as the coronavirus pandemic weighed on its business......»»

Despite the coronavirus pandemic, Wistron chairman Simon Lin still expects the company to enjoy another year of revenue growth in 2020......»»

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Nike Inc beat Wall Street estimates for quarterly revenue on Tuesday, powered by demand in North America and Europe that blunted the first drop in China sales in nearly six years due to the coronavirus-fueled shutdowns......»»

Global PC sales are set to fall over 30% on year in the first half of 2020, due to poor sales in China, Europe and the US in the wake of the coronavirus outbreak, according to industry sources......»»

FedEx Corp. shares surged in the extended session Tuesday, after the shipper reported revenue that topped Wall Street estimates for the quarter despite the spread of COVID-19 but suspended its outlook for the year due to uncertainty......»»