CategoryCorporate

Ford is doing exceptionally well in the third quarter

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The American automaker Ford managed to sell a lot more cars in the third quarter. Pick-up trucks and SUVs were most popular choice. In the first half of the year, the automaker recovered strongly from the previous COVID losses. Ford’s results were far better than expected. The company’s turnover was 37.5 billion dollars. That was more than the 34 billion dollars that were taken into...

Petobras takes over FPSO P-71 floating platform

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The Brazilian oil company Petrobras takes over a floating platform from Shell Brazil and Petrogal Brazil. The deal involves $353 million.
The so-called FPSO P-71 is still being completed at a shipyard in the South American country. Petrobras also agreed on a new development plan for the Tupi oil field, where the floating platform would originally go.

Heineken becomes distributor of Stella Artois in Australia

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Heineken buys some of the Australian activities of his Japanese branch Regent Asahi. The Dutch brewery thus acquired the distribution rights for brands such as Stella Artois, Strongbow and Beck’s in Australia. Asahi was forced to sell because of its own takeover of Carlton and United Breweries, which was sold by AB Inbev. The Australian Competition Authority made the transaction conditional...

Vattenfall faces weaker demand, higher operating costs

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The Swedish energy producer Vattenfall achieved a lower turnover in the first nine months of this year, under pressure from lower electricity prices and lower energy demand. The net profit was much lower than a year earlier. This was mainly because Vattenfall, the owner of the former Nuon, made large depreciation on coal-fired power stations. Revenues fell by 4% between now and the end of...

Billion-dollar deal for Coca-Cola European partners in Australia

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Coca-Cola European Partners (CCEP) takes over its Australian branch Regent Coca-Cola Amatil (CCA). The deal gives Sydney’s Coca-Cola Amatil a wide range of rubbed nearly EUR 5.6 billion. The name is an important bottler of certain drinks. The combination must be able to cope with the delay of the large in the sector, due to the different variants of sugar drinks. Coca-Cola Amatil has 32...

Renault sales down six percent, Zoe EV sales up by 157 percent

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The French automaker Renault has said it has had a strong third quarter. The French took advantage of the attracting car market and increased sales of electric cars, reported the company in a trade report. The turnover came to EUR 10.3 billion, 8% less than the same period a year ago. The order book, on the other hand, increased by 60% at the end of September. Stocks were one-fifth smaller than a...

Better Bed attempts to conquer Chinese market

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DBC International, the wholesale branch of bed seller Better Bed, is taking a step in China. The company has concluded a cooperation agreement with DeRUCCI, one of the largest Asian retailers. The two are going to hunt their international sales, that’s the point of agreement. The collaboration begins with the launch of the premium-mark M line in China. That collection includes mattresses...

Volkswagen Traton is taking over the American truck builder Navistar

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Volkswagen Traton is taking over the American truck builder Navistar. That is what the two companies agreed. Traton, which is also publicly traded, already had a 16.8 percent stake in Navistar. For the remaining shares, the company pays 44.50 per share. That brings the take-over sum to 3.7 billion dollars. Traton already owns truck and busmaker MAN, the Swedish truck manufacturer Scania and the...

Schiphol extends its cooperation with Aéroports de Paris for one year

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Schiphol extends its cooperation with Paris airports for one year until the end of November 2021. According to Aéroports de Paris, this agreement was due to expire this year. “The current context of uncertainty caused by the coronacrisis makes it necessary to postpone the decision on the future of this alliance”, the French state in a statement. The collaboration between Schiphol and...

ASML remains optimistic on sales figures

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Chip machine maker ASML continued to increase sales and profits in the third quarter. Thanks to increased homeworking, technology companies continue to do well in the midst of the coronacrisis, which also stimulates the demand for increasingly sophisticated chips. ASML is a supplier to almost all major chip makers. Sales in the third quarter amounted to almost EUR 4 billion, compared with EUR 3.3...

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