All finances articles
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ArticleEmissions test and product recalls hit BMW
New emission tests, product recalls and trade wars have forced BMW to warn it anticipates a poorer financial performance this year.The shift to the new Worldwide Harmonised Light Vehicle Test Procedure (WLTP) has led to significant supply distortions in several European markets and unexpectedly intense rivalry, the German luxury marque ...
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ArticlePorsche increases global deliveries in Q1
Porsche has reported a 2% increase in revenue for the first quarter of the year to €5.5 billion ($6 billion), alongside a 7% increase in deliveries to almost 59,700 vehicles, compared to the same period last year.The US, China and Germany remain the premium carmaker’s top three markets for vehicles ...
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ArticleBLG Logistics reports €1 billion in sales for 2016
German logistics provider BLG Logistics has reported sales of €1.05 billion ($1.11 billion) for 2016, with its automobile division achieving a 2.6% increase in revenues to €473.7m.The division’s earnings before interest and tax (Ebit) did, however, show a year-on-year decline of 18.4% to €15.1m. The firm said this was caused ...
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ArticleKansas City Southern counts the cost of Mexican fuel price rise
Kansas City Southern (KCS) has said it is paying 70% more for its fuel in Mexico than it does in the US, following price hikes of 15-20% in some parts of the country at the start of this year, which have led to widespread protests.Speaking at his company’s fourth quarter ...