SINGAPORE—Airbus voiced optimism on Monday about sales of a new A350 freighter after Boeing launched a competing cargo version of its future 777X jetliner and said it was doing everything possible to shore up fragile global supply chains. Airbus launched the freighter version of its A350 wide-body jet last year to address rising air cargo…
Airbus Upbeat on Freighter Sales, Plays Down Supply Chain Fears
February 15, 2022
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The Economic Data Is Contradictory
Commentary A few months ago, all economic indicators seemed to line up well. They painted a positive picture. Despite Omicron and supply chain problems, it was clear that the economy was rebounding strongly from pandemic-induced strictures. Consumers were buying, and businesses were ordering new equipment and systems. Families were purchasing new homes and builders were…
Porsche Expects Another Record Year for Sales Despite Chip Shortage: Automobilwoche
February 7, 2022
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BERLIN—Luxury carmaker Porsche AG expects another record year for sales despite the global semiconductor chip shortage, its sales chief was quoted as saying by industry magazine Automobilwoche. “When I look at the current orders, I’m confident for 2022. Growth in sales could reach a similarly high level this year as in 2021,” Detlev von Platen…
McDonald’s Ends 2021 Strong, but Rising Costs Ding Profit
McDonald’s ended 2021 on a high note with U.S. customers spending more and fewer restaurant closures in Europe from coronavirus restrictions. But higher costs for food and labor weighed on profits, and the company said it expects that pressure to continue this year. McDonald’s reported adjusted earnings of $2.23 per share, 11 cents short of…
Ericsson Clocks 3 Percent Sales Growth in Q4; Proposes Dividend Hike of 25 Percent
Telefonaktiebolaget LM Ericsson reported a fourth-quarter FY21 sales growth of 3 percent year-on-year to SEK71.3 billion. Group organic sales grew by 2 percent Y/Y. Organic sales in Networks rose 3 percent Y/Y, and Digital Services sales were flat Y/Y. It reported an EPS of SEK 3.02 versus SEK 2.26 last year. The adjusted gross margin expanded 290…
European New Car Sales Down 1.5 Percent in 2021: ACEA
BERLIN—New car registrations in Europe fell 1.5 percent in 2021, even further below the previous record low of 2020 sales, industry data showed on Tuesday. A global semiconductor shortage and other supply chain issues have dampened deliveries of cars globally, with many carmakers sitting on half-finished goods and unable to meet demand. Germany was hardest…
Volkswagen Says Global Electric Vehicle Sales Jumped 97 Percent Last Year
Volkswagen Group’s global electric vehicle deliveries nearly doubled last year helped by sales of its ID.4 electric sports utility vehicle and the legacy automaker said it expects the first half of 2022 to be highly volatile due to chip shortages. What Happened The German automaker said it delivered 263,000 all-electric vehicles to customers last year,…
BMW Cautious on Bringing Batteries In-house Despite Rising Sales
BERLIN—BMW won’t scale up its own battery cell production for electric cars until the technology has developed further, the German company said on Thursday, taking a more cautious approach than some rivals despite record brand sales in 2021. The automaker, which was also upbeat about hitting the top end of its 9.5 percent–10.5 percent profit…
Luxury Group Cucinelli Posts 31 Percent Sales Jump in 2021
MILAN—Italian luxury group Brunello Cucinelli posted on Monday a 31 percent increase in 2021 revenue at current exchange rates, in line with its latest guidance and a touch above market expectations, after the pandemic triggered a 10 percent drop in 2020. Last month the fashion house raised its 2021 sales guidance for the fourth time…
Strong Demand Pushes Rolls-Royce Sales to a Record High in 2021
LONDON—Luxury carmaker Rolls-Royce, a unit of Germany’s BMW, said on Monday its sales soared 49 percent to a record high in 2021 despite the global coronavirus pandemic, as demand worldwide for luxury vehicles surged. In an online presentation, Rolls-Royce CEO Torsten Müller-Ötvös said the carmaker sold 5,586 vehicles to customers in more than 50 countries,…
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