Sales
LG Energy aims to double sales by expanding non-EV businesses
BATTERY maker LG Energy Solution said it plans to more than double sales by 2028, through aggressively expanding non-electric vehicle businesses such as energy storage systems.The South Korean company...
Carmakers dangle £2 billion in EV discounts to boost UK sales
CARMAKERS are on course to offer at least £2 billion (S$3.4 billion) in electric vehicle (EV) discounts this year and still fall short of the UK government’s sales mandate,...
H&M bets on lower prices, trendy clothing to boost holiday sales
SWEDISH fashion retailer H&M is banking on lower prices and a wider range of trendy clothing compared to basics to drive sales among cautious consumers in the crucial shopping...
Canadian dollar clings to weekly gain as retail sales beat estimates
THE Canadian dollar steadied against its US counterpart on Friday (Sep 20) as domestic data showed retail sales rising more than expected in July and despite the greenback notching...
FTSE 100 drops over 1% on strong retail sales, rising pound pressure
THE UK’s benchmark FTSE 100 stock index slipped on Friday (Sep 20), registering weekly declines, after hotter-than-expected retail sales data from the economy, while a rise in the British...
VinFast posts deeper Q2 loss on impairment charge, higher cost to boost sales
VIETNAMESE electric vehicle maker VinFast’s losses widened in the second quarter due to rising costs linked to its overseas expansion and impairment charges, although its revenue rose, it reported...
Germany’s slump in EV sales drags on Europe’s auto market
GERMANY, hit by bad economic news in recent weeks, led a drop in European car sales last month as demand for electric vehicles (EVs) cratered.EV deliveries in the region’s...
US: Wall Street opens higher after retail sales data, Fed decision in focus
Wall Street’s main indexes opened higher with the benchmark S&P 500 close to its intraday record high, ahead of the Federal Reserve’s policy meeting starting on Tuesday (Sep 17),...
