Samsung expands presence in Latin America smartphone market in Q1: report – The Korea Times koreatimesus.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreatimesus.com Daily Mail and Mail on Sunday newspapers.
LG Electronics Q1 Profit Rises; Sees Growth In Q2 Profit, Sales
Pre-tax net income grew to 1.49 trillion won from last year s 1.39 trillion won.
Operating income improved to 1.52 trillion won from prior year s 1.09 trillion won.
Sales were 18.81 trillion won, 27.7 percent higher than 14.73 trillion won a year ago.
Looking ahead for the second quarter, the company expects sales to grow significantly year-on-year affected by strong sales in appliance and TV on the back of the recovering demand in the global market, and increased sales in the vehicle component business.
Operating profit is expected to improve year-on-year.
In South Korea, LG Electronics shares were trading at 162,000 won, down 1.22 percent.
South Korea s LG becomes first major smartphone brand to withdraw from market reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Magna International Inc. will develop a modular electric vehicle with Israeli startup REE Automotive, helping the Canadian auto supplier and contract manufacturer muscle further into a growing field of EV players.
Magna International Inc is to develop a modular electric vehicle (EV) with Israeli start-up REE Automotive, helping the Canadian auto supplier and contract manufacturer muscle further into a growing field of EV players.
The companies agreed to jointly design, engineer and build the EVs using REE’s platform, the skateboard-like base that supports different vehicle designs on top.
The EVs can be built to the exact specifications of “global technology companies and e-mobility players” while speeding their entry into the market, Magna and REE said in a statement.
“Many big tech companies are very much interested in creating mobility services and solutions that