Swedish car dealership chain Bilia said on Tuesday morning it received notice of termination for its dealer agreements with Volvo Cars in Norway and Sweden. The company said that the termination, which has a notice period of two years, covers both Bilia’s car sales and services business for the Volvo models.
Sales
US Home Sales Rise for Fifth Straight Month
US home sales increased for a fifth straight month in October, jumping 26.6 percent on a year-on-year basis. Sales increased last month and continued to be concentrated in the upper price end of the market.
Nintendo Profits Jump 200 Percent
Kyoto-based Nintendo announced on Thursday morning that operating profit for the first half of this fiscal year, which ended in September, soared 209 percent to $2.8 billion compared to the same period in the year 2019. The company pointed out that sales climbed 73 percent to $7.4 billion.
Ecuadorean Government Rejects Repsol Assets Sale to Canadian Company
The Ecuadorean government will reject the planned sale of Spanish oil juggernaut Repsol’s assets in Ecuador to Calgary-based News Stratus Energy, following months of disagreements with the administration of President Lenin Moreno.