EUR/USD 1.15738
-0.159%
Gold 4321.14
-0.161%
Oil 89.195
-0.198%
USD/JPY 159.562
-0.381%
GBP/USD 1.34992
-0.118%
GBP/JPY 215.399
-0.495%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
September 2nd - On September 2nd local time, the head of the Odessa Military Management Bureau, Lisak, reported that Odessa was hit by a large-scale attack in the early hours of the morning. As of now, the attack has injured eight people, including one child, and two of the injured have been hospitalized for treatment. It is reported that the attack caused damage to multiple buildings and facilities, with a 24-story residential building severely damaged, some floors of apartments destroyed, and windows in surrounding buildings shattered extensively. In addition, local office buildings and two educational institutions were also damaged in the attack.September 2nd - According to the New Zealand Earthquake Agency, a 5.5 magnitude earthquake struck approximately 40 kilometers northeast of Milford Sound, New Zealand, at around 6:13 PM local time on September 2nd, with a depth of about 6 kilometers. There are currently no reports of injuries or damage.September 2nd - According to Irans Mehr News Agency, the Iranian Islamic Revolutionary Guard Corps (IRGC) stated that in response to the US attack on southern Iran the previous night, Iran launched a heavy ballistic missile at a US Marine Corps base near the Jordanian port city of Aqaba, causing "numerous US soldiers killed." The IRGC statement also claimed that "several important facilities and armed helicopters were destroyed," and that retaliatory actions are ongoing.EU High Representative for Foreign Affairs and Security Policy Karas: We need to coordinate what else we can do in the face of Russias escalating attacks on Ukraine.EU High Representative for Foreign Affairs and Security Policy Karas: The Leipzig attack clearly has all the characteristics of state-sponsored terrorism, and I will discuss with other ministers what we can do in the aftermath of the Leipzig attack.

Panasonic Anticipates A Rise in Global Automobile Production This Fiscal Year

Aria Thomas

Jun 01, 2022 14:49

2.png


Panasonic (OTC:PCRFY) Holdings Corp, which manufactures batteries for Tesla (NASDAQ:TSLA) and other automakers, stated on Wednesday that it anticipates a recovery in global vehicle production this fiscal year, but that the two-year semiconductor shortage will persist.


Masashi Nagayasu, CEO of the Japanese conglomerate's automotive business, which manufactures in-car infotainment systems and other auto components, stated, "We will operate our business in consideration of the risks of fluctuations in vehicle manufacturing."


Nagayasu stated on the first day of Panasonic's annual investor event that the company has no plans to produce automobiles.


Panasonic, whose automotive division accounts for approximately 14 percent of its entire revenue, anticipates a 19 percent increase in sales for the fiscal year ending in March 2023. It anticipates an operational profit increase of roughly 17 percent.


Due to component shortages caused by COVID-19 lockdowns in China and higher commodity prices as a result of Russia's invasion of Ukraine, the company stated last month that it did not anticipate a profit increase for this fiscal year.


(This item corrects the firm name in paragraph 1 to Panasonic Holdings Corp from Panasonic Corp, and the sales growth forecast in paragraph 4 to 19 percent from 10 percent, and the operating profit forecast to nearly 17 percent from 15 percent decline.)


Suggestion