Volkswagen will cut jobs as it speeds up the rollout of less labour-intensive electric cars and battles to reverse a slide in profit margins, the German carmaker said on Tuesday.
Reuters. Tue, 12 Mar 2019 11:29:26 -0400.
Chinese electric vehicle maker BYD Co Ltd reported preliminary net profit for 2018 that was 31.4 percent lower than a year earlier, pinning the blame on intensifying competition in the world's biggest auto market.
Reuters. Tue, 26 Feb 2019 20:57:04 -0500.
Transport giant ComfortDelGro Corp posted a modest 0.6 per cent rise in net earnings to $303.3 million for the year ended Dec 31 as weaker taxi and automotive engineering performances offset a strong public transit segment.
Straits Times. Thu, 14 Feb 2019 05:00:00 +0800.
Tesla is finally turning a profit selling premium electric cars. But CEO Elon Musk doesn't want to make money just selling luxury cars to the world's elite. He's still aiming for the masses.
Camila Domonoske. NPR. Thu, 31 Jan 2019 05:01:00 -0500.
Tesla chief Elon Musk committed the Silicon Valley auto maker to an ambitious goal this year: a profit in every quarter. If it does deliver, it will be with a new chief financial officer.
Wall Street Journal. Wed, 30 Jan 2019 20:26:53 EST.
Ford Motor said that 2018 profit will fall short of Wall Street expectations and declined to give a specific forecast for this year, illustrating the challenges amid uncertainty in the global auto market.
Wall Street Journal. Wed, 16 Jan 2019 16:11:04 EST.
The word profit is a noun. Profit means (1) the advantageous quality of being beneficial, (2) the excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses).
Profit is also a verb that means (1) make a profit; gain money or materially, (2) derive a benefit from.