Porsche, freshly listed, sees strong 2023 as nine-month profits soar

BERLIN — Porsche described a 40.6% leap in operating gain to more than 5 billion euros ($5 billion) in the first 9 months of 2022 and predicted a potent 2023…

BYD shares jump after Chinese EV maker forecasts surging profits

Warren Buffett-backed BYD mentioned it expects a additional than 300% bounce in third-quarter income. Inspite of headwinds which includes a resurgence of Covid in China, rising content prices and a…

Ford CFO says inflation has erased Mustang Mach-E profits, but isn’t hurting demand

The Mustang Mach-E is Ford’s to start with new all-electric powered motor vehicle underneath an $11 billion expenditure prepare in electrified automobiles via 2022. Michael Wayland | CNBC Ford Motor’s…

Toyota warns raw materials costs could cut profits by 20%

Toyota 2023 Sequoia on display screen at the New York Auto Show, April 13, 2022. Scott Mlyn | CNBC Toyota Motor on Wednesday warned investors that “unparalleled” improves in supplies…

Inflation, supply issues threaten 2022 profits

The General Motors entire world headquarters place of work is found at Detroit’s Renaissance Centre. Paul Hennessy | LightRocket | Getty Illustrations or photos DETROIT — You will find developing…

Cramer’s advice on Lucid and Rivian EV momentum trades: Take profits

CNBC’s Jim Cramer on Wednesday urged traders in higher-flying electrical car stocks to keep on being disciplined, leaning on the heritage of the dot-com bubble to inform his latest industry…

Ford, GM profits fall along with sales, due to chip shortage

DETROIT — The world wide pc chip shortage cut into third-quarter gains at the two Ford and crosstown rival General Motors, with both firms getting to briefly near factories, pinching…

Tesla’s bitcoin speculation helped boost profits by $101 million in Q1

Tesla, led by Elon Musk, verified that it bought about $ 1.5 billion in bitcoin in January and expects to get started accepting it as a payment in the potential.…

Lamborghini reports record profits, CEO teases electric future

Exterior of the 2019 Lamborghini Urus with a foundation retail value starting up at $200,000. Adam Jeffery | CNBC Lamborghini claimed history income in 2020 as its wealthy consumers —…

BlackBerry’s comeback continues — sales and profits top forecasts

BlackBerry’s transformation from having difficulties smartphone enterprise into a burgeoning leader in cybersecurity computer software and connected automobiles is on monitor. The corporation now generates much more than 90% of…