News
Mercedes-Benz car sales drop as China, EV slump take toll
MERCEDES-Benz Group car sales dipped last year as the German luxury-auto maker struggled with weak demand for pricey models in China and…
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Sales
Business
China car sales maintain growth pace in 2024, EV and hybrid sales hit record
CHINA’S car sales maintained their growth pace in 2024 as sales of electric vehicles and plug-in hybrids in the world’s largest auto…
Business
China renews car trade-in subsidy to boost hybrid, EV sales
CHINA has renewed a trade-in subsidy of up to 20,000 yuan (S$3,724) to help underpin sales of fuel-efficient vehicles, including electric…
Business
Panasonic teams up with Anthropic, aims for 30% of sales from AI
PANASONIC Holdings will embrace artificial intelligence (AI) technology across its hardware and software businesses and team up with…
Business
German electric vehicles sales collapse in 2024 after end of subsidy
New VW ID.Buzz electric buses are parked in a parking lot at the Volkswagen Commercial Vehicles plant.Sales of electric vehicles in…
Business
China’s Geely Holding targets over five million units of annual sales by 2027
CHINA’S Geely Holding Group on Sunday (Jan 5) said it aims to sell more than five million vehicles annually by 2027, a big jump from 2023,…
Business
UBS targets Japan’s regional banks with senior sales hires
UBS Group hired three salesmen in Japan to boost its business selling high-yielding structured investments and other tailored derivative…
Business
iPhone maker Hon Hai Q4 sales beat expectations on strong AI demand
Nvidia and Apple assembly partner Hon Hai Precision Industry reported better-than-expected sales growth last quarter as the artificial…
Business
Maybank says SingPost can potentially offer a ‘significant’ special dividend after sales of assets
The bank says that the sale of Famous Holdings should conclude by end January 2025 BELEAGUERED national postal service provider SingPost…
Business
Billionaire Li Ka-shing’s Hutchmed in US$608 million health unit stake sales
HUTCHMED (China), controlled by tycoon Li Ka-shing, is selling stakes in its health subsidiary for around US$608 million as the…
Business
BYD chalks up new record as it narrows EV sales gap with Tesla
CHINA’S BYD enjoyed a year-end surge to push total sales to 4.25 million passenger cars last year, narrowing its gap with Tesla as the two…
Business
What Is "Stuff Your Kindle" Day? Book lovers can stock up during event
What's New Thursday and Friday mark the "Stuff Your Kindle" Days during which e-book readers can stock up on hundreds of books for…
Business
Car sales to grow modestly in 2025 as global output falters
Auto sales around the world are expected to grow marginally next year on increased supplies of vehicles, but production levels are likely…
News
Party City abruptly shutting down all stores: What we know
What's New Party City is closing all of its stores, according to a corporate meeting that CNN first reported on. Newsweek reached out to…
Business
US: Wall Street opens lower after retail sales data; Fed awaited
WALL Street’s main indexes opened lower on Tuesday (Dec 17), as investors grew cautious ahead of the Federal Reserve’s interest rate…
Business
China’s Instagram-like Xiaohongshu making inroads with e-commerce sales
SINCE Tera Feng started documenting her enviable Shanghai lifestyle, including visits to art galleries and fashion events on Chinese…
Business
Broadcom valuation soars past US$1 trillion on AI sales boom
BROADCOM, a chip supplier for Apple and other big tech companies, surged to a US$1 trillion market valuation for the first time after…
Business
Broadcom earnings top estimates after AI fuels sales growth
BROADCOM, a chip supplier for Apple and other big tech companies, posted better-than-expected profit in the fourth quarter after…
Business
Germany's Habeck wants to boost e-car sales with charging credits
Germany's economy minister wants to boost electric car sales by offering €1,000 ($1,050) in charging credits, along with tax incentives.…
Business
Zara owner Inditex’s sales growth slows as holiday shopping begins
INDITEX, the owner of Zara, reported slower sales growth at the outset of the crucial holiday shopping season. The Arteixo, Spain-based…
Business
BYD on track to top 2024 sales goal and outsell Ford, Honda
CHINA’S top electric vehicle maker BYD gained market share as the world’s largest auto market recorded its fastest-growing month in 2024,…
Business
Lululemon raises annual forecasts betting on robust holiday sales
LULULEMON Athletica increased its full-year forecasts on Thursday (Dec 5), betting on resilient demand for its athletic wear in the US…
Business
Foxconn posts muted monthly sales growth while AI demand slows
APPLE’S major manufacturing partner Hon Hai Precision Industry reported a second consecutive month of single-digit sales growth, raising…
Business
TikTok Shop triples Black Friday sales, topping US$100 million
TIKTOK tripled its US shopping sales to more than US$100 million on Black Friday, a sign of the app’s growing popularity despite a looming…