Monday, September 30, 2024

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French Train Manufacturer Alstom Shares Fall 35% Following Reduced Free Cash Flow Forecast

Alstom highlighted reasons for the free cash flow reduction for H1 of the fiscal year, and predicted a reduced figure for the full year. Shares in French train manufacturer Alstom crashed by more than 35% following a reduction in...

Peugeot, Jeep Manufacturer Stellantis Reports Record Full-Year 2022 Earnings, Announces Massive Shareholder Payout

Automotive corporation Stellantis targets global BEV sales of 5 million by 2030 following its commendable full-year results.  Stellantis recently posted its full-year 2022 earnings results, which showed a 26% rise in net profit to a record 16.8 billion euros, or...

Volkswagen Reports Record First Half Earnings Encouraging Car Manufacturer to Raise Profit Margin Target

Volkswagen posted first half earnings of $13.5 billion and now expects operating return on sales to go as high as 7.5%.German automaker Volkswagen AG (XETRA: VOW) on Thursday, July 29, posted record first half sales of 11.4 billion...
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