It is unusual for a seller of premium wine to throw in discounts on goods such as refrigerators and televisions. For Australia’s Treasury Wine Estates, however, this marketing strategy appears to be working.
The world’s largest chemicals company reported a 25% rise in net profit for the fourth quarter, boosted by strong growth in its chemicals businesses. But the company was held back by a sharp earnings decline in its oil and gas business.
With gasoline prices down 33% from a year ago and buyers cooling toward electric vehicles, Nissan dealers worry that weak demand for used electric Leaf cars will put a flood of used models on the market.