Nokia Corp. appears to have turned around its fortunes after the sale of its ailing cellphone unit to Microsoft, reporting a third-quarter net profit of 747 million euros ($950 million), from a loss of 91 million euros a year earlier. Sales growth was 13 percent compared to 2013.
Vehicle sales in August may have risen by 39.5 percent from the 13,700 units sold in the same month of 2013, the Chamber of Automotive Manufacturers of the Philippines Inc. (Campi) said on Thursday.
General Motors CEO Mary Barra unveiled plans Sunday to make driving safer through hands-free technology, after a string of recalls that has dogged the company.
By Amy R. Remo
Local vehicle importers and distributors continued its strong performance in the first seven months of the year as sales grew by 15 percent to 20,938 units during the period, from the 18,147 units sold a year ago.
By Ronnel W. Domingo
Sales of Hyundai vehicles in the Philippines sustained growth so far this year with the July volume expanding by 6 percent year-on-year.