Stellantis beats revenue expectations but warns chip shortage could slow it down May 5, 2021 Stellantis beat analyst forecasts for revenue in its first quarter as a new entity but warned that the global semiconductor shortage would slow down production in the second quarter. The car giant, which was formed by the mega-merger of Peugeot-owner PSA and Fiat Chrysler, said revenue came in a €37bn for the quarter, ahead of [...]
Drinking around the world: The Corsican wine loved by Napoleon May 4, 2021 Napoleon, the son of an Ajaccio winemaker on the Granite island of Corsica, died two hundred years ago this week. Films portray Corsica as a place of scrubland, beaches, vendettas and banditry, while cookery shows spotlight the island’s world-beating urchins, “figatelli” smoked chestnut sausage, cured hams and ripened brocciu cheese. But they ignore the excellent [...]
Elon Musk’s Tesla beats expectations on record deliveries April 26, 2021 Tesla has reported a record quarterly profit, beating Wall Street estimates after a huge rise in deliveries in the three months to March. Total revenue soared 74 per cent year-on-year to $10.39bn in the first quarter, generating a $438m net profit. Tesla said this was primarily achieved through “substantial growth” in vehicle deliveries. The auto [...]
Henry Ford’s one-off Capri to be auctioned this week April 22, 2021 The former Ford president drove a bespoke Capri 2.8 injection while in the UK for two years. It’s estimated to sell for £25,000-£35,000.
Jaguar Land Rover to pause production at two plants due to chip shortage April 22, 2021 The disruption caused by the global shortfall of semiconductor chips continued this morning as Jaguar Land Rover said it would pause production at two of its plants next week. The shortage, which has hit many of the world’s biggest carmakers, will see the Tata-owned firm idle production lines at Castle Bromwich and Halewood for a [...]
Mercedes maker Daimler to cut hours of 18,500 workers due to chip shortage April 21, 2021 Mercedes maker Daimler today said it would cut the hours of some 18,500 workers at its factories in Germany due to the current shortage of semiconductor chips. The auto giant also said it would halt production at two plants for a temporary period of time. A spokesperson for the Stuttgart-headquartered firm said that it was [...]
Asda’s billionaire owners close in on Caffe Nero takeover April 18, 2021 The billionaire brothers behind Asda are said to be closing in on a takeover deal for Caffe Nero after buying up the ailing coffee chain’s debts. Mohsin and Zuber Issa have bought roughly £140m of loans from Swiss private equity firm Partners Group via investment bank Morgan Stanley, the Sunday Telegraph reported. The deal puts [...]
Nissan to idle Sunderland staff amid semiconductor shortage April 16, 2021 Car giant Nissan will reportedly put 800 staff at its factory in Sunderland on furlough due to the worldwide shortage of semiconductors. The Japanese automaker will send about a tenth of its 8,000-strong workforce at the plant home until the current squeeze eases, the Nikkei reported today. The decision comes as it was revealed that [...]
Inspiring Ideas April 16, 2021 Inspiring Ideas WOBI is a leading global business content hub. Our goal is to produce and distribute the best management media content to help companies and their top executives improve the way they manage their organizations. We strongly believe that knowledge is the main competitive advantage in today’s business world. We create the most inspiring [...]
More human April 16, 2021 Cultural change and technological acceleration are transforming business and redefining the rules of marketing. According to Seth Godin, to connect with our clients we must go out from the limits and explore new ways. “Usually what we do daily is find small and disconnected parts of interests and somehow, we connect them, then we amplify [...]