ameStop shares fell about 8% in extended trading Thursday after the video game retailer reported an unexpected Christmas quarter loss and declined to provide a financial outlook. Read more.
Tags : electric cars
Volkswagen said Tuesday that several of its battery-electric models, including the Porsche Taycan, are already sold out for 2022 and that high consumer demand is helping its electric car efforts become as profitable as its internal combustion engines sooner than expected. Read more.
U.S. electric carmaker Tesla sold 70,847 China-made vehicles in December, the highest monthly rate since it began production in Shanghai in 2019, data from the China Passenger Car Association (CPCA) showed Tuesday. Read more.
Adobe Chairman and CEO Shantanu Narayen expressed confidence about the company's future on Thursday, telling CNBC's Jim Cramer that the software maker's weaker-than-expected forecasts do not spell trouble for the company. Read more.
Shares of electric vehicle start-up Lucid Group rose by more than 5% on Monday, after reporting its third-quarter financial results together with data on vehicle reservations. Read more.
Royal Dutch Shell has announced plans to move its headquarters to the UK as part of proposals to simplify its corporate structure. The oil giant will ask its shareholders to vote on moving its tax headquarters from the Netherlands to the UK. It also wants to ditch its dual share structure in favour of a single class of shares to "increase the speed and flexibility" of distributions to shareholders. Read more.
The lending rate in South Africa is still accommodating to support the recovery of the country’s economy, and The Automotive Original Equipment Manufacturers (OEMs) in partnership with South African government are working towards an acceleration in the development associated with the manufacturing for new energy vehicles in the country. Read more.
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