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Stellantis 2022 earnings strong despite logistics, chip problems
Stellantis unveiled a share buyback of as a lot as 1.5 billion euros ($1.6 billion) subsequent Mercedes-Benz and BMW in returning hard cash to shareholders immediately after potent 2022 benefits on the back again of higher auto rates and pent-up demand from customers. Stellantis expects one more year of double-digit returns as vehicle selling price raises slow, chip shortages simplicity and generation picks up, the automaker said Wednesday. The company’s working return rose to 13 {515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} past year, beating analysts’ expectations. “Price increases ended up sizeable in 2022 and they will be lessen in 2023,” Chief Economical Officer Richard Palmer stated on a phone with reporters. “The obstacle for 2023…
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Looking to turn chips into a ‘chip, TCU may alter sport with victory in College Football Playoff title game
LOS ANGELES — Johnny Hodges loves his chips. “We’re a team full of chips,” the TCU linebacker said. In Hodges shorthand, that translates to chips on shoulders. A cliché, sure, but an entree into the heart of the No. 3 Horned Frogs. They weren’t meant to be here in the College Football Playoff National Championship. In fact, the last team in a similar position was BYU in 1984. Those Cougars are the most recent national champions coming from outside the current Power Five. TCU as a member of the Big 12 is clearly a Power Five team these days, but it’s been a league-hopper over the last quarter century. When…
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Automotive chip shortages to continue throughout 2023, industry says
Enlarge / Some analysts have approximated that the chip scarcity has prompted new vehicle prices to increase by 16 {515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} in two decades. golibtolibov/getty photos We can expect continued disruption to the world-wide semiconductor field and, for that reason, ongoing source chain shortages in the automotive industry throughout 2023, according to a new report in the Money Occasions. The head of Onsemi, Hassane El-Khoury, informed the paper that “there’s practically nothing you can do now to modify 2023” and that “we will be including capability each and every quarter, each thirty day period in 2023 to fulfill our shopper demand from customers.” The problem started through the pandemic and its…
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