Auto sales India: Auto sales grow 3.1% in March, PVs and CVs fall 6% each ahead of Lok Sabha elections: FADA
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China still ASML’s biggest market, but falling sales cause drop in profit
Amid the semiconductor industry’s slowdown and increasing geopolitical tensions, Dutch chip machine-maker ASML reported a decrease both in sales and profits. Europe’s most valuable tech company saw orders fall to €3.6bn in the first quarter of 2024, down from €9.2bn in the previous quarter. Its net profit also dropped to €1.2bn — a 37% decrease compared to Q4 2023. “We see 2024 as a transition,” ASML's President and CEO Peter Wennink said in a statement. Wennink expects a stronger...
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First-quarter auto sales grew 5.1%, but the industry may have already hit its spring sales peak, top economist warns
Average sales prices in March were $44,186, down 3.6% from a year ago.
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Tesla to lay off over 10pc of staff as sales fall
Tesla will lay off more than 10 per cent of its global workforce, an internal memo seen by Reuters shows, as it grapples with falling sales amid an intensifying price war for electric vehicles. The world’s largest auto maker by market value had 140,473 employees globally as of December 2023, its latest annual report shows. […]