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...Mondelez said: “We are co-operating with the investigation and engaging with the European Commission in an effort to reach a proportionate resolution to this matter....
...TikTok hit a record $16bn in sales in the US in 2023, the FT reported last month....
...BYD submitted a proposal to build a plant in India last year in partnership with an Indian company, Megha Engineering....
...Sales of battery electric and plug-in hybrid cars could rise more than 20 per cent to reach 17mn this year, up from just under 14mn in 2023, and grow to account for as much as two-thirds of global sales...
...Last year, 80 per cent of exits were sales to corporate buyers ($271bn). The next most popular exit was sales to other PE firms ($62bn)....
...From 2025, European carmakers must comply with new standards for average fleet CO₂ emissions. Some are offering discounts on BEVs to avoid fines next year....
...When AbbVie’s record-breaking immunology drug Humira came off-patent early last year after generating more than $200bn in sales for the drugmaker over two decades, a number of cheaper copycat products, known...
...Drew Baglino, senior vice-president leading Tesla’s engineering and technology development for batteries, motors and energy products, announced on X today that he would leave after 18 years at the auto group...
...Tesla has cut prices several times — including this week — to buoy sales, although this has led to a collapse in the re-sale value of its cars....
...Luca de Meo, Renault’s chief executive, has called for the EU to adopt an Airbus-like approach to EV production, with more industrial co-operation and public investment....
...“It actually slowed down sales when that happened.”...
...Poly’s main sale of Modern and contemporary art was within estimate at HK$68mn (including fees) on April 7, though its equivalent sale last year made HK$148mn....
...And while Drahi may like to think of himself as a shrewd operator when it comes to wringing costs out of mobile and cable businesses, he is better known for his prowess at financial engineering....
...The supplier has not reported a profit since 2019, before the coronavirus pandemic, posting a net loss of $546mn in 2022 on sales that exceeded $5bn....
...The retailer said there were levers it could pull to offset this, such as growing its co-branded credit card business....
...Despite consumers increasingly opting for more expensive devices that they hope will last longer, Apple has experienced a slump in iPhone sales in China....
...BYD profits rose last year but fell short of expectations as Tesla’s main Chinese rival felt the brunt of intensifying competition and slowing sales growth....
...For some, the move away from the company’s longtime home marked a shift in priorities from engineering to financial performance....
...“Geopolitical friction and complexity are at an all-new level,” says Anne Madden, general counsel at technology and engineering company Honeywell....
...In a chilly hangar in Northern Ireland, Ulster Aviation Society co-founder Ray Burrows surveys painstakingly restored aircraft including a sleek black Sherpa jet, a boxy Short 330 and a Canberra spy plane...
...Total hybrid sales of about 1.2mn cars matched EV sales figures. For Toyota, hybrid sales increased 47 per cent year on year in the December quarter, far outpacing total group sales growth of a tenth....
...J&J’s medtech division has outstripped the growth of the company’s drugs and diagnostics business, generating $30.4bn in sales last year, or 35 per cent of group revenues....
...The numbers, revealed in consultancy firm Bain & Co’s annual private equity report, show how rapidly the industry has grown over the past decade, as well as the challenges it faces from higher interest rates...
...Born in India, Raghavan studied undergraduate physics at the University of Mumbai and took a postgraduate degree in electrical engineering and computer science at Aston University in Birmingham....
...Nonetheless, analysts have forecast bumper sales for the two drugs given the 7mn Americans and more than 50mn people worldwide suffering from Alzheimer’s....
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