Ford Posts Strong Q3 With Pickups Boost And Cost Cuts
Ford Motor Co earned 1.6 billion in the July September quarter and 63 percent higher net income as U S sales climbed on F Series pickups. Revenue rose to 36.45 billion while automotive revenue topped forecasts aided by high margin trucks.
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Saudi plans $1 billion investment in Branson space ventures
The Kingdom of Saudi Arabia announced a $1 billion investment in Richard Branson's space companies with an option to invest another $480 million later. Crown Prince Mohammed bin Salman said the move aims to boost innovative technology in a modernizing economy, funding Virgin Galactic Virgin Orbit projects and future space services.
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