Page 23 - மிட்‌ஸ்யூபீஶி மோட்டார்கள் கார்ப் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Renault Warns of Rough Year Ahead After Record Annual Loss

Renault Warns of Rough Year Ahead After Record Annual Loss Bloomberg 2/19/2021 Tara Patel (Bloomberg) Renault SA braced investors for another challenging year as lingering coronavirus restrictions and supply-chain challenges threaten the French carmaker coming off a record annual deficit. The manufacturer reported a net loss of 8 billion euros ($9.7 billion) for 2020, worse than the 7.85 billion euro-deficit projected by analysts. Much of the damage was done during the first half, when lockdowns crippled auto shipments. A scarcity of semiconductors now poses risk to this year’s results. “2021 is set to be difficult given the unknowns regarding the health crisis as well as electronic components supply shortages,” Chief Executive Officer Luca de Meo said Friday in a statement. “The priority is profitability and cash generation.”

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Renault warns of difficult year, reports record loss

Renault SA yesterday posted its biggest full-year loss on record as restrictions to contain the spread of COVID-19 wrecked auto sales in its key market Europe. The French manufacturer reported a net loss of 8 billion euros (US$9.7 billion) for last year, worse than the 7.85 billion euros deficit forecast by analysts. Much of the damage was done during the first half, when lockdowns crippled auto shipments. This year “is set to be difficult given the unknowns regarding the health crisis, as well as electronic components supply shortages,” CEO Luca de Meo said in a statement. “The priority is profitability and cash

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Japan auto unions ease wage-hike demands on pandemic-hit carmakers

Labor unions representing staff at major Japanese automakers submitted their demands Wednesday for this year s shuntō spring wage talks, dialing down their requests as the novel coronavirus pandemic continues to hit the industry hard. Labor unions at Honda Motor Co., Mazda Motor Corp. and Mitsubishi Motors Corp. did not seek pay-scale increases. Toyota Motor Corp. s labor union decreased its wage hike demand to an average of ¥9,200 per month, from the previous year s request for an increase of ¥10,100. Nissan Motor Co. s labor union also reduced its demand, calling for an average raise of ¥7,000 per month for regular employees. The labor unions are scheduled to receive a response from management on March 17.

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Top legal teams gang up on auto workers union – Manila Bulletin

Top legal teams gang up on auto workers union – Manila Bulletin
mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.

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ASEAN Electric Vehicle Market Report 2019: By Key Players, Share, and Forecast to 2025

ASEAN Electric Vehicle Market Report 2019: By Key Players, Share, and Forecast to 2025
dailyherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyherald.com Daily Mail and Mail on Sunday newspapers.

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