Volkswagen cut its sales and profitability forecasts for the year, joining a growing list of European rivals in lowering their targets as the industry faces an increasingly bumpy transition to electric vehicles.
Related Posts
Auto & Transport Roundup: Market Talk
Find insight on ArcBest, Air Canada and more in the latest Market Talks covering the auto and transport sector.
JD.com Profit Nearly Doubles as Revenue Rises
Chinese e-commerce giant JD.com’s second quarter net profit rose 92%, while revenue grew slightly amid fierce competition from Alibaba Group and PDD Holdings.
Ron Howard and Brian Grazer’s Imagine Entertainment Seeks Buyer
A deal could enable Imagine’s main financial backer, Raine Group, which invested more than $100 million in 2016, to exit.