Company News

VW’s under EUR 20,000 Polo-sized small electric car unlikely before 2023

VW’s under EUR 20,000 Polo-sized small electric car unlikely before 2023

British media outlet Autocar has reported that the series production of German automaker Volkswagen (VW)’s compact electric car in Polo size is not likely to be commenced before 2023.

Van Hool announces world premiere of two e-buses at Busworld Europe in October

Van Hool announces world premiere of two e-buses at Busworld Europe in October

In a recent announcement, Belgian bus maker Van Hool has said that it will hold the world premiere of two electric buses at the Busworld Europe event scheduled to be held in October 2019.

FAW-Volkswagen plan to start Audi e-tron production in China in 2020

FAW-Volkswagen plan to start Audi e-tron production in China in 2020

According to a media report from China, the FAW-Volkswagen joint venture apparently has plans underway to commence the production of the Audi e-tron electric car for the Chinese market from 2020.

TIW Private Equity picks up majority stake in Credence Family Office

TIW Private Equity picks up majority stake in Credence Family Office

Sector agnostic Buyout Fund, TIW Private Equity has picked up a majority stake in Bangalore headquartered, Credence Family Office. The deal is in process of regulatory approvals. Credence plans to use the proceeds to strengthen its advisory platform, increase geographical reach and improve on its operating platform.

Fujifilm to trasnfer 5,000 workers as loss expected in fiscal 2009

Fujifilm to trasnfer 5,000 workers as loss expected in fiscal 2009Tokyo - Fujifilm Holdings Corp on Thursday announced a planned transfer of 5,000 employees working abroad as it suffered profit declines in fiscal 2008 and expected a loss in the current fiscal year.

Fujifilm saw its net profit plunge 90 per cent during the year that ended March 31 to 10.52 billion yen (108.6 million dollars), while its operating profit tumbled 82 per cent to
37.29 billion yen. Sales were down 14.5 per cent to 2.43 trillion yen.

Fujitsu in red for past fiscal year on semiconductor-sales decline

Fujitsu in red for past fiscal year on semiconductor-sales decline Tokyo - Fujitsu Ltd said Thursday that it fell into the red in the past fiscal year because of a drop in semiconductor sales and losses incurred in its hard-disk-drive division.

The Japanese electronics company suffered a net loss of 112.39 billion yen (1.16 billion dollars) in the year that ended March 31, a turnaround from a profit the year before of 48.1 billion yen.

Its operating profit plunged 66.5 per cent to 68.77 billion yen, and its sales dropped 12 per cent to 4.69 trillion yen, the firm said.

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