Danfoss Raises Outlook After +50% Sales Growth

James G. Cole

Sales grew 50% including the 2021 acquisition of Eaton’s hydraulics business, reaching EUR 4.9 billion. Organic growth was 13%. Operating profits (EBITA) increased by 27%. Growth momentum continued despite high inflation, ongoing supply chain disruptions, exit from Russia, and COVID-19 lockdowns in China. Semikron Danfoss transaction closed in August, building […]

CPD cuts down on booze sales

James G. Cole

CHICAGO — Vendors have been selling much more than just peanuts and Cracker Jack outside Guaranteed Rate Field. Their offerings also include beer, liquor, seltzer and other alcoholic beverages. But now cops are cracking down. “It’s like we got out of hand with liquor selling,” admitted one vendor who set-up […]

Porsche sets high target for electric Macan sales

James G. Cole

STUTTGART — Porsche expects to build as many units of its full-electric Macan compact SUV as the combustion engine version. “We produce more than 80,000 units per year of the current generation. In the long term, we also plan to produce the all-electric Macan on this scale,” production boss Albrecht […]