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Samsung Electronics defies pandemic with profit rise

by Nenita M. Eller | Jul 30, 2020 | Smartphone

South Korean tech giant Samsung Electronics defied the coronavirus to report higher net profits in the second quarter Thursday, with strong demand for memory chips overcoming the pandemic’s impact on smartphone sales. Long known as the world’s biggest...

GM Sees Path to Profit in Second Half After Quarterly Loss

by Nenita M. Eller | Jul 29, 2020 | Car

(Bloomberg) — General Motors Co. reported its first quarterly loss since it emerged from bankruptcy but said it sees a path to full-year profit and paying off debt if the economy remains stable during the second half of 2020. With plants running and customers...

Tesla Growth Is Musk’s Goal After Profit Opens Path to S&P

by Nenita M. Eller | Jul 23, 2020 | Car

(Bloomberg) — Tesla Inc. managed to stay profitable even in the midst of a global pandemic, but something is still nagging at Elon Musk: the electric-car maker isn’t growing fast enough. The positive quarterly earnings Tesla reported Wednesday were its fourth in...

Tesla reports $104m profit in second quarter of 2020 as ‘ridiculous’ market valuation soars

by Nenita M. Eller | Jul 23, 2020 | Car

Tesla CEO Elon Musk gestures during the Tesla China-made Model 3 Delivery Ceremony in Shanghai: AFP via Getty Images Tesla has posted a second-quarter profit for its fourth quarter in a row, with a net profit of US$104 million (approximately £81.9 million) in the...

Daimler Eyes Profit After Weathering Worst of Virus Crisis

by Nenita M. Eller | Jul 23, 2020 | Car

(Bloomberg) — Daimler AG came through the worst of the coronavirus crisis better than feared and sees enough signs of recovery in auto demand to forecast a profit this year. After Tesla Inc. managed to stay profitable even in the midst of a global pandemic, the...
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