SAN FRANCISCO—Pure electric cars are making all the headlines, but their gasoline-electric hybrid rivals quietly achieved record sales in the United States last year, industry data showed. While the likes of Tesla Inc. and Ford Motor Co. pushed for electric vehicle sales, Asian automakers boosted hybrid vehicle line-ups, as many customers still shun EVs due…
Aston Martin Sales Surge, Valkyrie Delays Hit Profit
Aston Martin said sales to dealers in 2021 surged 82 percent, even as the British luxury automaker forecast lower-than-expected annual adjusted core earnings due to delays in shipments of its limited-edition Valkyrie sports car. Aston Martin said 10 Valkyries were shipped in the fourth quarter, fewer than previously planned. Aston Martin, fictional agent James Bond’s…
Tech Company STMicro Reports Higher Than Expected Q4 Sales, Lifting Its Shares
PARIS—Franco-Italian chipmaker STMicroelectronics said its preliminary fourth-quarter revenues were slightly above the guidance given at the end of October, in the context of a global microchip supply crunch, which gave a lift to its shares. Sales for the last three months of 2021 increased by 11.2 percent sequentially, coming in at $3.56 billion which was…
Euro Zone Retail Sales Growth Surges Past Expectations in November
FRANKFURT—Euro zone retail sales surged past all expectations in November, driven by in-store non-food purchases, data from Eurostat showed on Friday, indicating that consumer demand remained healthy even as fresh pandemic-related restrictions were implemented. Retail sales, a proxy for consumer demand, in the 19 countries sharing the euro rose 1 percent by value on the…
Vaccinations, Tests Give Walgreens a Fiscal First Quarter Sales Jolt
COVID-19 vaccines and testing boosted Walgreens store sales growth to levels not seen in more than two decades, pushing the drugstore chain well above Wall Street expectations for the first quarter. Walgreens doled out 15.6 million vaccines in the quarter that ended November 30, up 16 percent from the previous quarter, as more Americans sought…
Next Raises Profit Outlook for 5th Time After Strong Christmas
LONDON—British fashion retailer Next raised its full-year profit outlook for a fifth time in 10 months after beating guidance for sales in the run-up to Christmas, boosted by an unexpected revival in demand for adult formal and occasionwear. As the first major UK retailer to update on Christmas trading, Next set a high bar on…
German Retail Sales Outlook Clouded Despite Surprise Rise in November
BERLIN—German retail sales rose unexpectedly in November, data showed on Tuesday, lifting them to a record annual high despite renewed COVID-19 restrictions which held back a consumer-led recovery in Europe’s largest economy. The Federal Statistics Office said retail sales were up 0.6 percent on the month in real terms. That beat a Reuters forecast of…
Ford Posts 7 Percent Fall in 2021 US Auto Sales
Ford Motor Co. reported a 6.8percent fall in 2021 U.S. vehicle sales on Wednesday, as the automaker struggled to deliver its cars and trucks due to lingering supply-chain bottlenecks and a global chip shortage. The Detroit automaker sold 1,905,955 vehicles in 2021, ending up behind new U.S. leader Toyota Motor Corp. and rival General Motors…
Fiat Chrysler Reports 2 Percent Drop in Annual US Auto Sales
FCA U.S. LLC reported a drop in U.S. auto sales on Tuesday, as the carmaker grappled with chip shortage issue that forced it to halt production across Europe and the United States. The fourth largest automaker in the world said annual U.S. sales fell by over 2 percent to 1,777,394 vehicles from 1,820,636 a year…
Volvo Cars December Sales Drop as Chip Shortage Persists
STOCKHOLM—Volvo Car Group’s sales fell 18.1 percent in December pressured by the lingering global component shortage, the Sweden-based automaker said on Wednesday. Volvo, which has been heavily impacted by sector-wide supply-chain constraints and semiconductor shortages, warned in November that the chip shortage would continue into 2022. Global sales at the firm fell to 64,436 cars…
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