Sales
Tesla ramps up job cuts in China as sales slowdown bites
Tesla’S job cuts are escalating in China, according to people familiar with the matter, as Elon Musk contends with growing pressure to win back share in the world’s biggest...
Asian junk bond sales are hottest in five years on India boom
ASIA’S high-yield US dollar bond sales this year have grown annually for the first time in five years, fuelled by Indian financial companies’ rush to access offshore investors.Regional sales...
Puma returns to sales growth in Americas despite ‘volatile’ market
GERMAN sportswear brand Puma’s first-quarter sales met expectations on Wednesday (May 8), sending its shares rising more than 4 per cent, helped by demand for its retro shoes and...
Tesla sends top executive back to China as sales slump worsens
TESLA is sending executive Tom Zhu back to China, where he led the carmaker’s entry into the country, The Wall Street Journal reported.Zhu, one of the company’s three named...
Reddit gains after strong sales in first report since IPO
REDDIT jumped more than 10 per cent in extended trading after reporting quarterly sales that topped analysts’ estimates, impressing investors in its first results as a public company.Revenue increased...
Tesla’s China-made EV sales fall 18% y/y in April
US AUTOMAKER Tesla sold 62,167 China-made electric vehicles in April, down 18 per cent from a year earlier, China Passenger Car Association (CPCA) data showed on Tuesday (May 7).
Deliveries...
Australia’s retail sales volumes fall 0.4% in Q1
AUSTRALIAN retail sales volumes fell by more than expected in the March quarter as punishing mortgage rates and declining real incomes ate into spending power, data showed on Tuesday.The...
Volvo Cars April sales rise on strong EV demand
Volvo Cars’ sales rose 27 per cent in April from a year earlier to 65,838 cars, boosted by demand for electric and hybrid vehicles, the Sweden-based group said on...
