BERLIN—Volkswagen AG said Thursday that profit dropped nearly 10% in the first quarter, hit by slowing growth in China, fresh diesel-related charges, and weaker earnings in its core brands. But it surprised a market that had factored in worse news, boosting the company’s share price.
The results, largely in line with analysts’ expectations, are reflective of a global auto industry that is struggling to cope with slower growth in China—the world’s biggest auto market by sales—uncertainties in the global economy in the wake...
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Daimler Earnings Slump as Weaker China Sales Hits MercedesThe German luxury car maker reported a 37% drop in first-quarter earnings in its core car division, citing weak sales in China and a rapidly slowing global economy that hit its business in major markets. This is the first of many shudders across the auto industry. Technology is making humans more savvy. Even if they don't know how to ask, they know they're being given disposable crap by every auto maker on Earth. That goes for tech too...grumpy companies are ahead.
مصدر: WSJ - 🏆 98. / 63 اقرأ أكثر »
3M CEO on disappointing earnings: We're getting ahead of the curve in China and weak sectorsRoman blamed challenges in China as well as in the automotive and electronics sectors for the manufacturing giant's weak first quarter earnings. Which often leads to derailment. thank realDonaldTrump for it
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »