CEO Ola Kallenius said Thursday it had worked to preserve cash reserves during a difficult time and was seeing “the first signs of a sales recovery.” He said there would be more efforts to cut costs because the lost sales would not be made up this year even as the economy returns to “a certain normality.”
The profit figure compared to a loss of 1.24 billion euros in the April-June quarter last year when the company had large one-time deductions to earnings.
Continue reading your story on the app
Continue reading your story in the magazine
A Bear Market May Be on the Horizon. Here's What That Means
Investors on Wall Street need a place to hide.
PARK OUTDOORS: FORD RECALLS SUVS DUE TO ENGINE FIRE RISK
Ford is asking the owners of 350,000 vehicles in to take them to dealers for repairs in three recalls, including about 39,000 that should be parked outdoors because the engines can catch fire.
ARGO TOUTS DRIVERLESS OPERATIONS IN MIAMI AND AUSTIN, TEXAS
An autonomous vehicle technology company that partners with Ford and Volkswagen says it has started driverless operations in two of eight cities where it is developing its technology.
‘TWITTER PHILANTHROPY' REVEALS CHASMS IN SOCIAL SAFETY NET
Single father Billy Price was already struggling to make ends meet before someone broke into his Michigan storage unit, stole his identity and ruined his credit.
DUSTY DEMISE FOR NASA MARS LANDER IN JULY; POWER DWINDLING
A NASA spacecraft on Mars is headed for a dusty demise.
GOOGLE'S RUSSIAN BUSINESS PLANS TO FILE FOR BANKRUPTCY
Google says its Russian subsidiary is planning to file for bankruptcy because it can’t pay staff and suppliers.
NY AGENCY FILES DISCRIMINATION COMPLAINT AGAINST AMAZON
A state agency in New York has filed an administrative complaint against Amazon, alleging the e-commerce giant discriminated against pregnant and disabled workers by denying them “reasonable accommodations” and forcing them to take unpaid leave, Gov. Kathy Hochul announced this week.
CONGRESS DIVES INTO UFOS, BUT NO SIGNS OF EXTRATERRESTRIALS
Congress held its first hearing in half a century on unidentified flying objects. And no, there is still no government confirmation of extraterrestrial life.
CONSUMERS SHIFT AGAIN, FLUMMOXING BIG RETAILERS LIKE TARGET
The pandemic vastly changed the way Americans spend money and now as they return to pre-pandemic behavior, they’re tripping up retailers again.
HARLEY-DAVIDSON SUSPENDS PRODUCTION FOR 2 WEEKS, SHARES FALL
Harley-Davidson announced a two-week suspension of vehicle assembly and most shipments, citing a regulatory compliance issue with one of its suppliers.
The Meds Are in the Mail
In two years the telehealth startup Cerebral has built a $4.8 billion mental health business on TikTok ads and readily available medications
Mercedes-Benz Vision EQXX
The establishment strikes back.
A World of Worry
Compounding crises have made everyone anxious, but how do you know if you’ve slipped into a more serious disorder— and what do you do about it?
DAIMLER'S TRUCKS, LUXURY CARS TO GO THEIR SEPARATE WAYS
Daimler's truck and luxury car businesses are going their separate ways
CUMMINS R2.8 POWER FOR VW 4X4 VAN?
I’m a big fan and love watching your show. I have an interesting vehicle that you may be interested to learn more about. I believe it’s one of the better platforms to build an adventure vehicle. It’s an ’88 Volkswagen LT 4x4 with a 2.4L turbodiesel engine and Hurth axles with front and rear locking differentials. Earlier models used Dana 60s, and much of the platform is very similar to older American trucks.
PORTAL AXLE 101
Why are they so cool?
ONE VOLVO AND A CHOICE BETWEEN ELECTRICITY OR GAS. HOW DO YOU CHOOSE?
Convenience. It all comes down to convenience.
MERCEDES ROLLS OUT LUXURY ELECTRIC CAR IN DUEL WITH TESLA
Daimler AG unveiled a battery-powered counterpart to its top Mercedes-Benz luxury sedan as German carmakers ramp up their challenge to electric upstart Tesla.
Finding the right XJ-C two door saloon
They are beautiful, rare and still affordable but be quick they are on the rise.
On the Rise
Atlanta bustles with vibrant new development.