Pickup trucks and resilient consumer spending powered GM’s 24% increase in quarterly profit, but China remains a trouble spot.
Shares of Chinese bubble tea maker Sichuan Baicha Baidao Industrial slumped on lukewarm demand and comes ahead of planned listings by tea rivals Mixue Ice Cream & Tea and Guming.
Primark owner AB Foods reported a higher profit for the first half, benefiting from some normalization of its markets and in the supply chain despite sales coming in below expectations.
DNB Bank’s first-quarter earnings beat forecasts, helped by a positive trend in the corporate market and a resilient Norwegian economy.
Renault confirmed its guidance for 2024 after its group revenue rose in the first quarter on higher sales, but revenue from its cars division fell slightly on unfavorable exchange rates.
Honda Motor is nearing a deal to assemble EVs and components in Canada, with the government agreeing to partly offset the Japanese auto maker’s capital costs through recently unveiled tax breaks.
