- By Tim Higgins
- Dow Jones
- 7:01AM August 2, 2020
Elon Musks public complaining about the handling of the pandemic, Tesla Inc. is shaping up to be one of the biggest business winners of the COVID-19 era.
After years of losses that made many investors wonder if the Silicon Valley car maker could ever operate in the black, Tesla has sustained a profit through one of the worst economic shocks in history, helped in part by the sale of regulatory credit…
Toyota profit plunges on halved car sales – Australian Associated Press
Toyota’s profit plunged 74 per cent in the last quarter as the coronavirus pandemic sank vehicle sales to about half of what the top Japanese car maker sold the previous year.
Toyota Motor Corp. reported on Thursday a profit of 158.8 billion yen ($A2.01 billion) in April-June, down from 619 billion yen in the same period last year.
Toyota sold nearly 1.2 million vehicles globally during the quarter through June, down from 2.3 million vehicles last…
ASX higher but eases on jobless warning – Australian Associated Press
Shares were higher by about 0.6 per cent on the Australian market after US markets closed higher on good earnings reports and anticipation of more economic stimulus from the government.
The S&P/ASX200 benchmark index was higher by 37.0 points, or 0.62 per cent, at 6038.3 points at 1200 AEST on Thursday.
The All Ordinaries index was higher by 40.1 points, or 0.65 per cent, at 6176.0.
The market appeared to have eased since Prime Minister Scott Morrison at 1130…
AMP Australia boss Alex Wade resigns – Australian Associated Press
AMP Australia chief executive Alex Wade has resigned a week after the financial services giant announced its first-half profits had halved.
AMP accepted his resignation with immediate effect.
Blair Vernon from New Zealand Wealth Management will act as head of the Australian division while a replacement is found.
“I’m pleased we are able to call on an experienced executive in Blair Vernon to lead this team and continue to drive our strategy forward,” AMP…
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