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Germany corporate earnings week ahead

DIARY-Germany corporate earnings week ahead July 26 (Reuters) - Diary of Germany (.GDAXI) corporate earnings for the week ahead GERMANY EARNINGS Start Date Start Time (GMT) RIC Company Name Event Name 30-Jul-2024 NTS 1COV.DE Covestro AG Half Year 2024 Covestro AG Earnings Release 30-Jul-2024 BMO HEIG.DE Heidelberg Materials AG Half Year 2024 Heidelberg Materials AG Earnings Release 30-Jul-2024 04:30 AIR.PA Airbus SE Half Year 2024 Airbus SE Earnings Release 31-Jul-2024 AMC QGEN.N Qiagen NV Q2 20
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German truckmaker Traton posts profit rise on higher prices

REFILE-UPDATE 2-German truckmaker Traton posts profit rise on higher prices Adds missing full stop in final line By Louis van Boxel-Woolf and Eva Orsolya Papp July 26 (Reuters) - German truckmaker Traton 8TRA.DE , majority-owned by Volkswagen VOWG_p.DE , on Friday posted a 7% rise in first-half operating profit buoyed by higher prices, even as demand remained lacklustre in Europe.
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CrowdStrike in cursed grip of corporate klutz club

RPT-BREAKINGVIEWS-CrowdStrike in cursed grip of corporate klutz club The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By John Foley NEW YORK, July 24 (Reuters Breakingviews) - Accidents happen all the time. Forgiveness, however, is granted less often. CrowdStrike CRWD.O , the cybersecurity software developer, marks the latest big company to gauge the willingness of investors to move past an unforeseen, value-destroying catastrophe.
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CrowdStrike in cursed grip of corporate klutz club

RPT-BREAKINGVIEWS-CrowdStrike in cursed grip of corporate klutz club The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By John Foley NEW YORK, July 24 (Reuters Breakingviews) - Accidents happen all the time. Forgiveness, however, is granted less often. CrowdStrike CRWD.O , the cybersecurity software developer, marks the latest big company to gauge the willingness of investors to move past an unforeseen, value-destroying catastrophe.
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GM co-leads $39 mln funding for EV battery materials startup Addionics

GM co-leads $39 mln funding for EV battery materials startup Addionics By Nick Carey LONDON, July 25 (Reuters) - Israeli battery technology company Addionics has raised $39 million from investors including General Motors' GM.N venture capital arm to help commercialise its copper and aluminium electrodes for electric vehicle batteries, it said on Thursday.
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Audi Expects FY Operating Return On Sales To Be Between 6% To 8%

BRIEF-Audi Expects FY Operating Return On Sales To Be Between 6% To 8% July 25 (Reuters) - AUDI: H1 REVENUE DOWN 9.5% AT EUR 30.9 BILLION AUDI GROUP DELIVERS 843,991 VEHICLES IN H1 H1 OPERATING RETURN ON SALES AT 6.4% VERSUS 10% YEAR AGO H1 NET CASH FLOW OF EUR 1.1 BILLION H1 PROFIT AFTER TAX DOWN AT EUR 2.2 BILLION FROM EUR 3.3 BILLION YEAR AGO CO
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U.S. new light vehicle sales to rise about 1% in July, report says

U.S. new light vehicle sales to rise about 1% in July, report says July 24 (Reuters) - U.S. new light vehicle sales are expected to rise about 1% from a year earlier, after a crucial dealer software outage last month likely deferred sales to July, automotive data provider S&P Global Mobility said on Wednesday. WHY IT'S IMPORTANT Car industry technology provider CDK was hit by a cyber attack last month , forcing the retail technology provider to shut down a critical software system used at more t
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Russian car production jumped 62.2% y/y in H1 - Rosstat

BRIEF-Russian car production jumped 62.2% y/y in H1 - Rosstat July 24 (Reuters) - Russian statistics service Rosstat says: Russia increased production of passenger cars in January-June by 62.2% year-on-year to 330,000 vehicles. Reporting by Darya Korsunskaya; Writing by Gleb Stolyarov
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Porsche looks stuck in rival Ferrari’s slipstream

BREAKINGVIEWS-Porsche looks stuck in rival Ferrari’s slipstream The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Neil Unmack LONDON, July 24 (Reuters Breakingviews) - Porsche’s P911_p.DE shares have performed poorly since a 2022 listing, and rival Ferrari RACE.MI has left the 64 billion euro German group in the dust.
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CrowdStrike in cursed grip of corporate klutz club

BREAKINGVIEWS-CrowdStrike in cursed grip of corporate klutz club The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By John Foley NEW YORK, July 24 (Reuters Breakingviews) - Accidents happen all the time. Forgiveness, however, is granted less often. CrowdStrike CRWD.O , the cybersecurity software developer, marks the latest big company to gauge the willingness of investors to move past an unforeseen, value-destroying catastrophe.
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Forvia trims outlook on low auto demand, eyes deals with Chinese carmakers

UPDATE 1-Forvia trims outlook on low auto demand, eyes deals with Chinese carmakers Forvia lowers sales, margin forecasts on sluggish auto demand Flags 47 mln euro hit from supplier dispute in Mexico Seeks deals with Chinese carmakers setting up in Europe Adds details on supplier dispute paragraphs 1,4, potential deals with Chinese carmakers in paragraphs 6-8, background paragraph 9 By Nathan Vifflin July 24 (Reuters) - Forvia FRVIA.PA , the world's seventh largest car parts supplier by revenue,
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Porsche bids to restore output, tackle supply chain risks in second half

UPDATE 5-Porsche bids to restore output, tackle supply chain risks in second half Investors welcome Q2 results, concerned by supply chain problems Porsche cut outlook on Tuesday on supply chain shortage Q2 results largely meet analyst expectations Model launches, weak sales in China dampen revenue Adds comments from investor call throughout By Victoria Waldersee BERLIN, July 24 (Reuters) - Porsche P911_p.DE said on Wednesday it was fighting to restore production volumes and re-prioritise spendin
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Porsche profits drop after months of lower sales, supply chain issues

Porsche profits drop after months of lower sales, supply chain issues BERLIN, July 24 (Reuters) - Porsche's P911_p.DE operating profit dropped 20.5% in the first half to 3.06 billion euros ($3.32 billion), it said on Wednesday, after months plagued by problems ranging from supply chain issues to a sales slump in China. The carmaker had on Tuesday cut its sales and returns forecast after shortages at a European aluminium supplier forced it to cut its projection for deliveries this year by between
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Forvia trims 2024 outlook on lower auto demand, extra costs in North America

Forvia trims 2024 outlook on lower auto demand, extra costs in North America July 24 (Reuters) - European car parts supplier Forvia FRVIA.PA lowered its sales and margin forecasts on Wednesday due to sluggish global auto demand and additional one-off costs in its North American car interior business. Forvia expects its sales to be at the lower end of its guidance of between 27.5 billion and 28.5 billion euros ($29.8 billion and $30.9 billion) this year.
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Motor racing-Binotto to lead Audi F1 team as Seidl and Hoffmann depart

UPDATE 1-Motor racing-Binotto to lead Audi F1 team as Seidl and Hoffmann depart Binotto to join Sauber on Aug. 1 to lead Audi F1 project Former Ferrari team boss left F1 at end of 2022 Team will become Audi in 2026 Previous bosses Seidl and Hoffmann leave Adds quotes and background By Alan Baldwin July 23 (Reuters) - Former Ferrari team principal Mattia Binotto will lead Audi's Formula One project from Aug.
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Volkswagen is reeling in China. Can EVs help it grow in the US?

RPT-ANALYSIS-Volkswagen is reeling in China. Can EVs help it grow in the US? Repeats to additional subscribers VW fails to impress stock market with JVs, new products Investors say carmaker must accept diminished China share U.S. growth target faces crowded, EV-resistant market Scout brand, new SUVs will help VW win share, say U.S. execs By Victoria Waldersee, Joseph White BERLIN, July 23 (Reuters) - When Volkswagen Group VOWG_p.DE last month invested $5 billion in U.S.
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Volkswagen is reeling in China. Can EVs help it grow in the US?

RPT-ANALYSIS-Volkswagen is reeling in China. Can EVs help it grow in the US? Repeats with no changes to text VW fails to impress stock market with JVs, new products Investors say carmaker must accept diminished China share U.S. growth target faces crowded, EV-resistant market Scout brand, new SUVs will help VW win share, say U.S. execs By Victoria Waldersee, Joseph White BERLIN, July 23 (Reuters) - When Volkswagen Group VOWG_p.DE last month invested $5 billion in U.S.
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Volkswagen is reeling in China. Can EVs help it grow in the US?

ANALYSIS-Volkswagen is reeling in China. Can EVs help it grow in the US? VW fails to impress stock market with JVs, new products Investors say carmaker must accept diminished China share U.S. growth target faces crowded, EV-resistant market Scout brand, new SUVs will help VW win share, say U.S. execs By Victoria Waldersee, Joseph White BERLIN, July 23 (Reuters) - When Volkswagen Group VOWG_p.DE last month invested $5 billion in U.S.
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Porsche cuts forecasts due to alloy shortage, shares fall

UPDATE 7-Porsche cuts forecasts due to alloy shortage, shares fall Updates Novalis statement By Victoria Waldersee July 23 (Reuters) - Porsche AG P911_p.DE cut its sales and profit outlook on Tuesday due to an unexpected aluminium alloy supply shortage, sending the German company's shares down 4% to the bottom of Frankfurt's blue-chip index. Flooding at an unspecified European contractor has hurt supply of aluminium alloy, the luxury sports car maker said, affecting production of all its models
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Western miners push for higher metals prices to ward off Chinese rivals

RPT-INSIGHT-Western miners push for higher metals prices to ward off Chinese rivals Repeats to fix format issues By Ernest Scheyder, Pratima Desai SALMON-CHALLIS NATIONAL FOREST, Idaho, July 22 (Reuters) - The only U.S. cobalt mine sits fallow in the northern Idaho woods, a mothballed hunk of steel and dirt that is too expensive for its owner to operate because Chinese rivals have flooded global markets with cheap supplies of the bluish metal used in electric vehicle batteries and electronics.
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