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Chinese electric car maker BYD posts 33% profit rise
CHINESE electric vehicle maker BYD reported a 32.8 per cent rise in second-quarter net profit on Wednesday (Aug 28), its fastest growth since end-2023, despite faltering spending on big-ticket items…
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Chinese electric car maker BYD posts 33% profit rise
CHINESE electric vehicle maker BYD reported a 32.8 per cent rise in second-quarter net profit on Wednesday (Aug 28), its fastest growth since end-2023, despite faltering spending on big-ticket items…
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Chinese smartphone maker Honor gets investment from China Mobile
CHINESE smartphone maker Honor said on Friday (Aug 23) it has received an undisclosed amount of investment from China Mobile’s parent company, as the former Huawei unit gears up towards…
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Chinese EV maker BYD eyes state incentives for Mexico plant
CHINESE electric vehicle (EV) maker BYD has narrowed its list of finalists for the location of a manufacturing plant in Mexico down to three states and is reviewing a range…
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Top Chinese chip gear maker sues Pentagon to void sanctions
ONE of China’s most prominent chip gear makers is suing the Pentagon for linking it to the People’s Liberation Army, seeking to get off a blacklist that bars business with…
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Mars To Acquire Pringles Maker Kellanova For Nearly $36 Bn
M&M’s and Snickers maker Mars said Wednesday that it would acquire snack food business Kellanova, marking a multibillion dollar agreement set to result in a new industry giant. The all-cash…
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Snickers maker Mars to acquire Kellanova for nearly US$30 billion: source
FAMILY-OWNED candy giant Mars, whose brands include M&M’s and Snickers, is nearing a deal to acquire Kellanova, maker of snacks such as Cheez-It and Pringles, for nearly US$30 billion, a…
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Mars to buy Pringles maker Kellanova for US$36 billion in 2024’s biggest deal
FAMILY-OWNED candy giant Mars is buying Cheez-It maker Kellanova in a nearly US$36 billion deal, bringing together brands from M&M’s and Snickers to Pringles and Pop-Tarts in the year’s biggest…
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iPhone maker Hon Hai beats profit estimates thanks to AI boom
APPLE’S main manufacturing partner Hon Hai Precision Industry reported better-than-expected profit in the second quarter as the device assembler benefited from strong demand for servers powering AI applications. The iPhone…
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Mars Edges Close To $30 Billion Acquisition Of Pringles Maker Kellanova
Food giant Mars Inc., popular for its iconic candy brands such as M&M’s and Snickers, is reportedly on the verge of finalizing a nearly $30 billion acquisition of Kellanova. The…
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Ray-Ban maker EssilorLuxottica confirms Meta interested in stake
ESSILORLUXOTTICA confirmed Meta Platforms is interested in buying a stake in the world’s biggest eyewear maker. Chief executive officer Francesco Milleri said that the US tech giant intends to become…
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Hermes sales jump as Birkin bag maker outperforms peers
HERMES sales jumped in the second quarter as the Birkin bag maker weathered the luxury demand slowdown better than peers, thanks to its reliance on the wealthiest clients. Revenue at…
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Computer parts maker Logitech lifts outlook after upbeat quarter
COMPUTER mouse maker Logitech International raised its full-year sales and profit outlook on Tuesday (Jul 23), after a strong performance across nearly all product categories and a rising contribution from…
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Europe’s biggest electric car battery maker mulls new products as demand wanes
Europe’s EV shift has faltered due to high prices and the removal of subsidies by a number of governments The biggest producer of batteries for electric vehicles in Europe may…
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Porsche mulls buying a stake in troubled battery maker Varta
PORSCHE is considering taking a stake in Varta, according to people familiar, as the embattled battery producer weighs options to restructure its debt. The German luxury-car maker aims to…
