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.

German truckmaker Traton's profit rises due to higher prices By Louis van Boxel-Woolf and Eva Orsolya Papp July 26 (Reuters) - German truckmaker Traton 8TRA.DE on Friday posted a 7% rise in operating profit in the first half of 2024 compared to the same period last year driven by higher prices, even as demand remained lacklustre in Europe. Operating profit of 2.1 billion euros ($2.28 billion) was helped by sales revenue increasing 2% to reach 23.4 billion euros, even as unit sales fell 5% year-o

UPDATE 3-Iveco shares tumble as cash burn topped 500 mln euros in first half Industrial cash flow negative 98 mln euros in Q2 Adj. industrial EBIT down 4% in Q2 to 264 mln euros Margin on adj. industrial EBIT up 10 bps to 6.9% Retops after analyst call TURIN, Italy, July 24 (Reuters) - Iveco Group IVG.MI shares fell more than 15 % on Wednesday as the Italian truck and bus maker reported a total cash burn of over half a billion euros in the first half, making it challenging for it to meet its ful

Italy's Iveco says operating profit fell in Q2, cash flow negative TURIN, Italy, July 24 (Reuters) - Italian truck and bus maker Iveco Group IVG.MI on Wednesday said its operating profit fell 4% in the second quarter of the year due to lower volumes and adverse forex impact and that it burnt cash in the period. The manufacturer said its adjusted earnings before interest and tax (EBIT) from industrial activities amounted to 264 million euros ($286 million) in the April-June period, slightly toppi

US business equipment borrowings fall 4% in June, ELFA says July 23 (Reuters) - U.S. companies borrowed 4% less to finance equipment investments in June than a year ago, industry body Equipment Leasing and Finance Association (ELFA) said on Tuesday. New loans, leases and lines of credit signed up by companies in June were down 2% from $10.20 billion a month ago.

Auto File-Ford’s favorite pickup line July 23 - By Nick Carey , European Autos Correspondent Greetings from London! For decades, things in the automotive industry changed at a sedate pace with incremental improvements in combustion engine products and where the future remain relatively predictable. In the last few years, we have become used to the opposite and the pace of change is, at times, enough to give you whiplash.

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.

INSIGHT-Western miners push for higher metals prices to ward off Chinese rivals By Ernest Scheyder and 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.

RPT-BREAKINGVIEWS-China’s EU-made EVs are in pole position - for now The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Katrina Hamlin HONG KONG, July 19 (Reuters Breakingviews) - Chinese electric-car makers like BYD 002594.SZ , 1211.HK and Chery are charging up production in the European Union to dodge tariffs .

Volvo receives order for 1,500 trucks COPENHAGEN, July 19 (Reuters) - Volvo AB VOLVb.ST has received an order for 1,500 of its FH Aero trucks from Italian haulier Lannutti Group, the Swedish truckmaker said on Friday. The trucks will be delivered throughout this year and 2025, Volvo said in a statement. Reporting by Louise Breusch Rasmussen Editing

BREAKINGVIEWS-China’s EU-made EVs are in pole position - for now The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Katrina Hamlin HONG KONG, July 19 (Reuters Breakingviews) - Chinese electric-car makers like BYD 002594.SZ , 1211.HK and Chery are charging up production in the European Union to dodge tariffs .

UPDATE 3-European shares end marginally lower as tech sell-off stymies advances For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window STOXX 600 closes down 0.2% ECB keeps rates unchanged at 3.75% Volvo Cars rise on Q2 adjusted EBIT beat Husqvarna slides on Q2 sales drop Updated at 1600 GMT By Shristi Achar A, Pranav Kashyap and Shashwat Chauhan July 18 (Reuters) - European shares ended lower on Thursday as a continued selloff of chip stocks ke

BUZZ-Volvo shares seen up after Q2 profit falls less than feared ** Shares in Volvo VOLVb.ST seen up 1.6%-3% after the Swedish truck maker posted a smaller-than-expected fall in Q2 results amid lower demand ** Volvo's Q2 adjusted operating profit falls 11% to SEK 19.45 bln ($1.84 bln), against SEK 18.01 bln seen in an LSEG poll ** It says many mark

CORRECTED-LIVE MARKETS-Tech seeking a floor after selloff Corrects para 2 to "up" instead of "down" Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com TECH SEEKING A FLOOR AFTER SELLOFF European shares were expected to steady at the open on Thursday after three days of losses, as a sharp rotation move out of high-flying Big Tech stocks looked set for a breather.

UPDATE 4-Truckmaker Volvo beats profit expectations but says demand normalising Profitability boosted by price increases Net truck order intake flat year on year Second-quarter deliveries down 8% Shares up 5.4% after report Adds analyst comment, share price reaction By Johan Ahlander STOCKHOLM, July 18 (Reuters) - Swedish truckmaker AB Volvo VOLVb.ST posted a bigger than expected rise in second-quarter operating profit on Thursday, but said demand was easing from last year's high levels.

Truck maker Volvo's Q2 operating profit beats expectations STOCKHOLM, July 18 (Reuters) - Swedish truck maker AB Volvo VOLVb.ST reported on Thursday a bigger rise than expected in second-quarter operating profit and said demand continued to normalise compared with the high levels of 2023. ($1 = 10.5512 Swedish crowns) Reporting by Johan Ahlander, e

UPDATE 4-Volvo Cars blames EU tariffs as it cuts 2024 sales forecast Volvo Cars now sees full year retail sales growth of 12%-15% EX30 volume ramp-up expected from Belgium factory in H2 2025 Q2 core earnings beat estimates despite market slowdown Recasts opening paragraph, adds CEO comment paragraph 3, analyst comment in paragraph 8 comments on hybrids paragraphs 9 to 13 By Marie Mannes and Nick Carey STOCKHOLM, July 18 (Reuters) - Volvo Cars VOLCARb.ST cut its full-year retail sales forecast on

DIARY-Nordic corporate earnings week ahead July 12 (Reuters) - Diary of Nordic (OMXS30-SK, OBX-OS, OMXHPI-HE, OMXC20) corporate earnings for the week ahead NORDIC EARNINGS Start Date Start Time (GMT) RIC Company Name Event Name 15-Jul-2024 NTS ORK.OL Orkla ASA Q2 2024 Orkla ASA Earnings Release 17-Jul-2024 05:00 NEL.OL Nel ASA Q2 2024 Nel ASA Earnings Release 18-Jul-2024 NTS TEL.OL Telenor ASA Q2 2024 Telenor ASA Earnings Release 18-Jul-2024 NTS PGS.OL^G24 5088687729 PGS ASA Tgs Newco AS Q2 2024

Biden administration to award nearly $1.1 billion to Stellantis, GM for EV production By David Shepardson WASHINGTON, July 11 (Reuters) - The Biden administration plans to award General Motors GM.N and Chrysler-parent Stellantis nearly $1.1 billion in grants to convert existing plants to build electric vehicles and components, it said on Thursday.

BUZZ-Barclays starts Volvo at 'equal weight' as it prefers German peers ** Barclays initiates Volvo VOLVb.ST with "equal weight" and says it prefers German peers over the Swedish truck maker based on their turnaround potential ** It sets Volvo's PT at SEK 300 vs SEK 263.2 at Tuesday's close ** The broker prefers Daimler Truck DTGGe.DE and Traton 8T