McDonald's relying on US market to deliver double-digit growth in 2021
Jan 28, 2021 22:39 pm UTC| Economy Business
McDonalds Corp expects overall sales growth in the low double digits in 2021, relying on an increase in its U.S. market after total revenue fell 2.1 percent to $5.31 billion, missing the $5.37 billion estimate. To drive...
General Motors to run 2 Super Bowl ads promoting its electric vehicles
Jan 28, 2021 21:32 pm UTC| Economy Business
General Motors will promote its electric vehicles at the Super Bowl with two ads, a corporate spot featuring Will Ferrell that pushes EVs for the masses and another for Cadillac. The corporate ad aims to raise awareness...
Jaguar Land Rover to make lighter, carbon-fiber bodied electric vehicles
Jan 28, 2021 19:24 pm UTC| Economy Business
Jaguar Land Rover had launched a four-year research project to produce lighter electric vehicles with increased range, greater performance, and a more dynamic drive through the use of composites. The research, dubbed...
Tesla's Q4 profit below expectations of $1.08 billion
Jan 27, 2021 23:55 pm UTC| Economy Business
Tesla Incs fourth-quarter profit fell short of average analyst expectations for a $1.08 billion quarterly profit, which was compounded by its failure to provide a clear target for 2021 vehicle deliveries to send shares...
LG Display posts net profit of 621 billion won in Q4 on increased panel sales
Jan 27, 2021 23:49 pm UTC| Economy Business
LG Display Co. reported a net profit of 621 billion won in the fourth quarter, swinging from a loss of 1.81 trillion won last year due to an increased demand of its panels for IT products and sales of OLED displays amid...
LG Chem posts record sales in 2020 on strong battery sales
Jan 27, 2021 23:34 pm UTC| Economy Business
LG Chem Ltd. posted annual sales of 0.6 trillion won in 2020, up 9.9 percent on strong battery sales to surpass the threshold for the first time. The net profit jumped 188.9 percent on-year to 1.1 trillion won, and the...
Mercedes-Benz to add 2 EV models in S. Korea in 2020
Jan 27, 2021 23:32 pm UTC| Economy Business
Mercedes-Benz Korea will launch two all-electric models the new EQA and the new EQS in the Korean market in the first and second half this year to gain a share in the local EV market. In 2019, Mercedes Benz launched its...
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