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Chinese EV giant BYD says Q3 profit down 33%
Chinese EV giant BYD says Q3 profit down 33%
Economy
by  AFP

Chinese electric vehicle giant BYD said on Thursday its third-quarter profit had slumped by 33 percent year-on-year, with sluggish domestic consumption piling pressure on the carmaker as it looks to expand overseas.

Shares in Jeep-maker Stellantis slump despite rising sales
Shares in Jeep-maker Stellantis slump despite rising sales
Economy
by  AFP

Shares in Stellantis suffered a double-digit fall on Thursday as the US-European auto giant whose brands include Jeep, Fiat and Peugeot warned of financial bumps ahead. But Stellantis also warned it expects to incur charges in the second half of the year.