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In "BUSINESS"
April 04, 2019
US court to hear contempt case against Tesla's Musk
NEW YORK — Tesla delivered many fewer vehicles than expected in the first quarter of the year, according to figures released Wednesday by the electric car manufacturer.
It delivered a total of 63,000 vehicles to customers in the first three months of 2019, 31 percent less than the previous quarter and down from the 76,000 units expected by analysts surveyed by FactSet.
For the Model 3, the car that is supposed to transform Tesla into a mass producer, the company delivered 50,900 units, compared to 54,600 expected by industry experts.
"Due to a massive increase in deliveries in Europe and China, which at times exceeded 5x that of prior peak delivery levels, and many challenges encountered for the first time, we had only delivered half of the entire quarter's numbers by March...
April 04, 2019
Tesla delivers fewer cars than expected in first quarter
April 04, 2019
Vodacom Tanzania says firm accused of causing $4.76m loss to government
April 03, 2019
EP firms register 24% growth in 3 years
KAARST, Germany — IKEA wants to roll out furniture rental to all its main markets in a bid to appeal to its increasingly environmentally conscious and transient customers.The world’s biggest furniture group, known for its low-cost disposable items, first said it was looking into leasing its desks, beds and sofas in February. It fleshed out its plans on Wednesday at an event held at its first ‘sustainable’ store in Kaarst, western Germany, opened in 2017.The rental pilot was driven by a recognition that many consumers change homes more frequently but can’t afford new furniture every time they move, Jesper Brodin, chief executive of Ingka Group, which owns most IKEA stores, said.It is also motivated by environmentalism, with IKEA surveys showing that 90 percent of its customers are...
April 03, 2019
IKEA to test furniture rental in 30 countries
April 03, 2019
ICD and Maldives govt sign key agreements
April 03, 2019
NOV launch set to make Saudi Arabia a global leader in nonmetallic applications
April 03, 2019
Jeddah Chamber hosts first Retail Int’l Awards in KSA
April 03, 2019
‘Mauritius Week’ launched in Saudi Arabia to promote tourism
April 03, 2019
Only 32% of Saudi execs
have qualities necessary to
lead needed transformation
