Daimler third-quarter operating profit up 8%, boosted by Mercedes sales
Daimler reported a slight rise in third-quarter operating profit on Thursday, boosted by sales of Mercedes-Benz cars, sending its shares higher, but announced cost cuts and warned legal provisions tied to diesel litigation could rise.
Puma ups guidance despite U.S. tariffs on China
German sportswear group Puma cautioned on Thursday that it would take a hit from U.S. tariffs on China in the fourth quarter but still raised its sales forecast and narrowed its profit target after a strong third quarter in all regions.
Oil prices ease as weak demand outlook weighs on market
Oil prices slipped on Thursday amid persistent concerns about a weak demand outlook, after posting sharp gains in the previous session following a surprise crude inventory drawdown in the United States.
Asian shares inch ahead as earnings, geopolitics sway sentiment
Asian shares pulled ahead on Thursday as corporate earnings and a ceasefire in northern Syria helped prop up sentiment, though the backdrop of trade and brexit uncertainties was enough to prevent a decisive shift towards riskier assets.
Daimler reports third-quarter operating profit rose 8%
Daimler reported a slight rise in third-quarter operating profit on Thursday, boosted by higher sales of Mercedes-Benz cars but announced cost cuts and warned that legal provisions tied to diesel litigation could rise.
Hyundai third-quarter profit misses estimates, dogged by quality woes
Hyundai Motor’s quarterly net profit widely missed analyst estimates, after the South Korean automaker booked additional charges to address potential engine defects in the United States and its home market.
Challenged by electric cars, Brembo aims to put the brakes on noise
Brembo’s distinctive colored brakes stop many of the world’s fastest cars but when it comes to the electric vehicles of the future it faces a problem – traditional brakes are noisy.
Daimler third-quarter operating profit down 8% on weaker car and truck sales
Daimler on Thursday announced cost cuts as it reduced its revenue outlook for Mercedes-Benz trucks unit and reported an 8% drop in third-quarter operating profit.
Oil slips on profit-taking, weak demand outlook
Oil prices dipped on Thursday after sharp gains in the previous session following a surprise draw in U.S. crude inventories, with concerns over a weak demand outlook adding to downward pressure.
Ghosn’s lawyers seek dismissal of charges, accuse prosecutors of misconduct
Carlos Ghosn’s lawyers have asked the Tokyo District Court to dismiss all charges against the former Nissan Motor Co Ltd chairman, saying prosecutors colluded with government officials and Nissan executives to oust him from his post.
