Saturday, August 28, 2021

Bike price cut, rising costs to hit Peloton's profitability

Peloton Interactive Inc said its near-term profitability would suffer due to a decision to slash the price of its exercise bike and higher commodity and marketing costs.

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Mercedes plans bigger India play with greater localisation of parts

Mercedes-Benz plans to increase its local manufacturing efforts while expanding its supplier base in India. The luxury carmaker expects to a...