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February 5, 2023

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Porsche 9-month profit jumps to low end of 2021 target thanks to Volkswagen

November 23, 2021November 17, 2021 - by wood1972com

Porsche SE (PSHG_p.DE) said on Tuesday its nine-month net income bounced to the lower end of the German automotive group’s full-year guidance thanks to profits from Volkswagen (VOWG_p.DE), which recovered …

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Business

TSMC, Sony to invest $7 bln for new Japanese chip plant

November 22, 2021November 17, 2021 - by wood1972com

Taiwan Semiconductor Manufacturing Co (2330.TW) (TSMC) said on Tuesday it would build a $7 billion chip plant in Japan with Sony Group (6758.T), a move that was welcomed by the …

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Business

Porsche AG benefits from being part of Volkswagen Group, CEO says

November 21, 2021November 17, 2021 - by wood1972com

Porsche AG, part of the Volkswagen Group, profits from being part of Volkswagen, its CEO Oliver Blume said on Wednesday, following speculation that an IPO of the luxury unit could …

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Business

Siemens Gamesa has made progress in turnaround -Siemens Energy CEO

November 20, 2021November 17, 2021 - by wood1972com

Spanish-listed wind turbine maker Siemens Gamesa (SGREN.MC) has made noticeably progress in its turnaround efforts in recent months, the chief executive of parent Siemens Energy (ENR1n.DE) said on Wednesday. Asked …

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Business

One-time chip supply shocks over, but structural deficit remains, Bosch CEO says

November 19, 2021November 17, 2021 - by wood1972com

CEO of German technology group Robert Bosch GmbH said on Wednesday that although the one-time supply shocks to the semiconductor market had passed, capacity was still lacking to meet global …

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Business

Train maker Alstom’s shares surge as cash hit softer than feared

November 18, 2021November 17, 2021 - by wood1972com

Alstom’s(ALSO.PA) shares soared on Wednesday after the French train maker reported a softer-than-expected cash hit as it integrates projects inherited as part of its deal with Canada’s Bombardier (BBDb.TO). The …

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Business

Credit Agricole beats profit expectations, capital markets unit lags

November 17, 2021November 17, 2021 - by wood1972com

Credit Agricole SA’s (CAGR.PA) third-quarter profit beat expectations on Wednesday, due to lower pandemic-related provisions for bad loans, but the French bank still lagged rivals in capital markets. France’s second-biggest …

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