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Wolverine Worldwide says Q2 results exceeded expectations

Despite the unprecedented global market conditions and significant retail store closures due to the Covid-19 pandemic, the U.S. footwear manufacturer said its financial results for the second quarter ending June 27, 2020, significantly exceeded its expectations across every key financial metric.


Volvo forecasts strong recovery in second half of 2020

The Swedish car manufacturer posted an operating result of SEK-989 million (US$-111 million) over the first six months of 2020, as revenue fell by 14.1% to SEK111.8 billion (US$12.6 billion), due to the impact from the coronavirus pandemic and its effect on the global economy. However, the company said it expects business to recover in the second half of the year as car markets normalise. 


Bentley to cut 1,000 jobs in the UK

After Aston Martin, the luxury British marque could cut around 1,000 jobs in the UK, a quarter of its workforce, as it is impacted by declining sales due to the Covid-19 pandemic.