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BMW Group sets strategic course for future
20.03.2019
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| Krüger: "Systematically working to ensure operational excellence" - Operating efficiency: Performance > NEXT offers potential efficiencies in excess of € 12 billion by 2022 - Upfront expenditure expected to remain high - New structure for sales divisions - EBIT margin of 8 to 10 per cent remains ambitio more >> |
Porsche rewards employees for a highly successful 2018
20.03.2019
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| €9,700 bonus for Porsche employeesProfit-sharing at Porsche: After a record 2018 financial year for revenue, profits, and deliveries, a special bonus of up to €9.700 before tax is being paid to employees of the sports car manufacturer. This rewa more >> |
Porsche in 2018: Inspiration, facts and figures
19.03.2019
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| New Annual and Sustainability Report featuring the work of star photographer Martin SchoellerPorsche AG is publishing its latest Annual and Sustainability Report to coincide with the announcement of its annual results. Economic, ecological more >> |
Thierry Koskas appointed Senior Vice-President, Sales & Marketing at Groupe PSA
18.03.2019
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| Thierry Koskas has been appointed Senior Vice-President, Sales & Marketing at Groupe PSA, effective 26 March 2019. He will report to Carlos Tavares, Chairman of the Managing Board.The role of the Sales & Marketing Department is to boost the Group’s c more >> |
BMW Group sets strategic course under challenging conditions
15.03.2019
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| Second-highest Group profit to date achieved - EBT margin above target of 10 per cent - Record research and development expenditure - More than ten new electrified models lined up - EBIT margin in Automotive segment above 7 per cent - Second-highest dividend proposed - more >> |
A strong year for Porsche: in pole position for electromobility
15.03.2019
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| Financial year 2018Success in a time of transformation: In the 2018 financial year, Porsche AG achieved new records for operating profit, sales revenue, deliveries, and headcount. The company’s operating profit grew by around 4% compared with the same period in more >> |
Automobili Lamborghini reaches record highs in all key business figures 2018
14.03.2019
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| • Turnover grows by 40% to 1.42 billion Euro• Worldwide sales increase by 51% from 3,815 to 5,750 units• Sustained, profitable growth path evidenced• New Super SUV adding sales momentum to super sports cars,record sales performance across all regions: EMEA, Ame more >> |
Audi accelerates its realignment - After significant adverse factors in 2018 financial year
14.03.2019
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| Operating profit before special items falls to €4.7 billion; Operating return on sales before special items of 7.9 percent Financial base confirmed: €2.1 billion net cash flow; €20.4 billion net liquidity Board of Management to reveal new strategy at 2019 Annual General Mee more >> |
SEAT achieves the highest operating profit in its history
14.03.2019
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| The carmaker earns 254 million euros in 2018, an increase of 33.4% Turnover exceeds 10 billion euros and sets a new record SEAT employees will receive an extra payment of 1,068 euros more >> |
Volkswagen brand steps up pace of transformation
13.03.2019
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| 2019 is key year: electric offensive set for launch, significant efficiency increases planned Earnings improvement program to make sustained €5.9 billion contribution from 2023 Investment from 2019 to 2023 more >> |
VW delivers fewer vehicles but gains market shares
13.03.2019
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| In February, worldwide deliveries fall by 2.2 percent compared with the previous year to 398,100 vehicles Volkswagen wins market shares throughout the world in a shrinking overall market Deliveries up in Germany, Europe and South America, and down in North America Market share more >> |
Volkswagen Group brands deliver a solid performance
12.03.2019
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| Volkswagen Passenger Cars brand delivers a record number of vehicles – earnings down, inter alia as a consequence of the changeover to WLTP Audi turns in a solid performance despite WLTP challenges – Porsche, ŠKODA and SEAT post new records in deliveries to customers Bentley and Volkswagen Commercial Vehicl more >> |
Electronic components drive renewed growth in trade, in technology goods in 2017
11.03.2019
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| * Internet of Things propels exponential growth* The Republic of Korea becomes the second largest world exporter of information and communications technology goods, behind ChinaDemand for electronic components used in Internet-of-Things (IoT) devices drove the value of trade in international imports of information and communications tec more >> |
PWC : New York, London and Hong Kong expected to remain as top listing destinations in 2030
11.03.2019
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| • Exchanges in developed markets are proving to be resilient, benefitting from their recognised liquidity and stability• Companies from China and India expected to dominate issuance in 2030, although growth of exchanges in more >> |
BMW Group delivers over 171,000 vehicles in February
08.03.2019
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| - New BMW 3 Series sedan arriving in showrooms in March - BMW i3 sales increase 20% in first two months of year Following sales growth in January, with the model changeover of the company’s bes more >> |
Volkswagen to pay performance-related bonus of €4,750
05.03.2019
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| Human Resources Board Member Kilian and Works Council Chairman Osterloh praise team performance For employees covered by collective bargaining agreements, bonus for 2018 rises by €650 compared with 2017 For 2018, the employees of Volkswagen AG covered by collective bargaining agreements are to receive more >> |
Kia Motors posts global sales of 197,647 vehicles in February
04.03.2019
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| Kia Motors Corporation announced February 2019 global sales figures for passenger cars, recreational vehicles (RVs) and commercial vehicles, recording a total of 197,647 units sold, which represents a 0.1 percent year-on-year increase. Kia’s best-selling model in global markets in February was Sportage SUV with 39,844 units sold. more >> |
Acura Sales Climb 11% as American Honda Posts Strong February Results
01.03.2019
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| Acura brand trucks set new February mark as RDX also gets record and MDX rises in double digits Honda HR-V sets February sales record, its best month since a June 2018 flood strapped supplies more >> |
BMW i Ventures Announces Investment in Züm.
28.02.2019
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| BMW i Ventures announced today an investment in Zūm, the leading provider of safe and reliable student transportation for school districts and working families. The company, which celebrates its fourth birthday this month, aims to become the world’s safest and largest child transportation provider.“Zūm has proven itself as a force to be reckoned wit more >> |
Appointment of Olivier Bourges to the Managing Board of Groupe PSA
27.02.2019
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| The Supervisory Board met on 25 February 2019, decided to appoint Olivier Bourges, the Group’s Executive Vice President of Programmes and Strategy, as a member of the Managing Board effective from 1 March 2019 until the Managing Board’s term of office expires on 2 April 2021. more >> |
FCA to Expand Production Capacity in Michigan to Grow Core Brands, Electrify Jeep Vehicles
27.02.2019
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| $4.5 Billion to Build New Assembly Plant in Detroit and Add Production at Five Existing Michigan Facilities, Creating Nearly 6,500 Jobs• FCA total committed investments in the U.S. grow to nearly $14.5 billion since 2009, with nea more >> |
Mitsubishi Motors Announces Production, Sales and Export Figures for January 2019
27.02.2019
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January 2019
Production Domestic Production 52,209 108.3 &nb more >> |
Groupe PSA to step up the momentum of its Push to Pass strategic plan
26.02.2019
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| ...for the second phase, 2019-2021 • Groupe PSA is now sustainably competitive, driven by the results of an efficiency drive that has aligned it with the best levels in th more >> |
Historic year for Groupe PSA in 2018: record level
26.02.2019
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| ...in revenue, volume of sales, recurring operating income and net result • 6.8% increase of Group sales at 3.88 million vehicles• more >> |
Lexus celebrates its 10 millionth vehicle sold globally
25.02.2019
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| Landmark achievement includes 1.45 million self-charging hybrid vehicles Record sales of 698,330 vehicles achieved in 2018 (+ 4.5% vs 2017) 30th anniversary of the brand launched in 1989 more >> |
Volkswagen Group brings 2018 to successful close
22.02.2019
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| Sales revenue of EUR 235.8 billion exceeds previous year by EUR 6.3 billion; operating profit before special items of EUR 17.1 (17.0) billion at prior-year level Net liquidity in Automobile Division again robust, at EUR 19.4 (22.4) billion more >> |
TRATON remains on growth path in 2018
20.02.2019
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| Vehicle sales increase significantly by 14% A record 233,000 vehicles delivered CEO Andreas Renschler: “Fully achieved our targets.” TRATON SE maintained its growth path more >> |
Groupe PSA invests in FengChe
18.02.2019
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| • FengChe is a leading Chinese provider of used car supply chain management and transaction servicesphoto caption: Phil Robson, VP – Used Vehicles: New Business & Genyuan TAO, CEO & Founder FengChe more >> |
Creating value beyond the deals -PwC and Mergermarket study
18.02.2019
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| Most acquisitions and divestments don’t maximise value – even when some dealmakers think they do. But acquirers who prioritise value creation at the onset outperform peers by more >> |
Volkswagen Group makes solid start to new year
16.02.2019
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| Group brands delivered 882,200 vehicles worldwide in January (-1.8 percent) Group wins market shares in more sharply declining overall world market Growth in market shares in Europe, South America and Asia/Pacific, especially China Special challenges from China and Brexit more >> |
2018 FINANCIAL RESULTS: Groupe Renault maintained its operating margin at a high level
14.02.2019
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| ....despite a more challenging environment in the second half Sales were up 3.2% to 3.9 million units including Jinbei and Huasong brands as of January 1, 2018. Group revenues were down 2.3% to €5 more >> |
FCA and Groupe PSA extend Sevel Partnership to 2023
14.02.2019
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| FCA Italy and Groupe PSA have signed an agreement to extend until 2023 their successful LCV cooperation, started 40 years ago.The terms of this new agreement also include continued manufacture by the JV of Fiat Ducato, Peugeot Boxer and Citroën Jumper lar more >> |
Renault Groupe Board of Directors communication concerning Mr Carlos Ghosn
13.02.2019
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| Following the resignation of Mr. Carlos Ghosn from the offices of Chairman of the Board of Directors and Chief Executive Officer on 24th January 2019, the Board unanimously decided, at its meeting of 13th February 2019, to waive Mr. Ghosn’s non-compete commitment and, consequently, not to pay the corresponding compensation equal to two years fixed and variable compensation. more >> |
Mercedes-Benz delivers more than 180,000 vehicles worldwide in January
11.02.2019
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| Mercedes-Benz delivered 180,539 vehicles worldwide last month (-6.7%). In China, more than 70,000 Mercedes-Benz vehicles were delivered in a month for the first time (+4.8%). &n more >> |
Audi starts 2019 with around 144,650 automobiles sold
08.02.2019
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| January close down 3.0 percent Strongest start to the year ever in China Vice President Marketing and Sales Martin Sander: “Electrification as focus topic for 2019” more >> |
The relevance of gold as a strategic asset
05.02.2019
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| Gold is a highly liquid yet scarce asset, and it is no one’s liability. It is bought as a luxury good as much as an investment. As such, gold can play four fundamental roles in a portfolio:&bull more >> |
Goodyear Acquires Weeting Tyres
04.02.2019
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| • Acquisition aligns with Goodyear’s strategy • Weeting Tyres branches to remain part of the HiQ Network, under Goodyear ownership
Good more >> |
Manfred Bräunl appointed as new CEO of Porsche in Middle East
04.02.2019
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| Personnel change in the sales organisationNew management for subsidiary in Middle East: Manfred Bräunl (55), previously Vice President Marketing at Porsche China Motors, will assume th more >> |
Kia Motors Posts Global Sales of 208,908 Vehicles in January
01.02.2019
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| Kia Motors Corporation announced January 2019 global sales figures for passenger cars, recreational vehicles (RVs) and commercial vehicles, recording a total of 208,908 units sold, which represents a 1.2 percent year-on-year increase. Overseas sales increased 2.2 more >> |
