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Toyota and Honda expected to report lower operating profits for 2020, Nissan to post another year of loss 10 May 2021 5:55 pm / 5 comments Japanese automakers are due to announce their 2020 financial performance later this week, Reuters reports, and early estimates have Toyota, Honda and Nissan set to announce lower earnings than in 2019, very much expected given the Covid-19 pandemic and, in more recent times, the microchip shortage that has impacted production. Based on consensus estimates from two dozen analysts, Toyota, the world’s largest automaker by vehicle sales last year, is e...

UPDATE 2-LG Display posts strong Q1 profit on panel price boost Reuters 1 hr ago (Adds LG Display statement, paragraphs 6,7) Popular Searches By Heekyong Yang and Joyce Lee SEOUL, April 28 (Reuters) - South Korea's LG Display Co Ltd on Wednesday swung to a profit for the January-March quarter, its third consecutive quarterly profit, helped by rising panel prices driven by TV and laptop demand as people stayed at home. However, but a shortage of semiconductors threatens production for the months ahead, analysts said. The display maker that supplies Apple Inc reported an operating profit of 5...

The world’s fifth-biggest steelmaker said first-quarter operating profit surged 120% as “profit from all sectors, such as steel, global and infrastructure, and new growth, improved”, including a 12% sequential jump in its carbon steel sales price. SEOUL: South Korean steelmaker Posco posted its highest quarterly profit since the second quarter of 2011, as steel prices rose sharply due to demand outpacing supply. The world’s fifth-biggest steelmaker said first-quarter operating profit surged 120% as “profit from all sectors, such as steel, global and infrastructure, and new growth, i...

Message : Required fields SEOUL, April 26 (Reuters) - South Korean steelmaker POSCO posted on Monday its highest quarterly profit since the second quarter of 2011, as steel prices rose sharply due to demand outpacing supply. The world's fifth-biggest steelmaker said first-quarter operating profit surged 120% as "profit from all sectors, such as steel, global and infrastructure, and new growth, improved," including a 12% sequential jump in its carbon steel sales price. In an earnings call, POSCO said it expected steel supply from Australia, Brazil and South Africa to rise in the second half of...

Message : Required fields SEOUL (Reuters) - Hyundai Motor Co posted a first-quarter profit that nearly tripled to its highest in four years as people bought its luxury cars, but warned it would have to adjust production again in May because of a chip shortage. Unlike its rivals, the South Korean automaker staved off production halts in the first quarter, thanks to a healthy chip inventory. But the shortage, exacerbated by factors including a fire at a chip factory in Japan and storms in Texas, is now catching up with Hyundai. Hyundai, which together with affiliate Kia Corp is among the wo...