Large majority of Daimler shareholders approve new Group structure

Large majority of Daimler shareholders approve new Group structure

24.05.2019: ...with Daimler AG as parent company Annual Meeting in Berlin with about 5,000 shareholders clears the way for legally independent entities for car and van business and for truck and bus business

...with Daimler AG as parent company





    Annual Meeting in Berlin with about 5,000 shareholders clears the way for legally independent entities for car and van business and for truck and bus business



    Manfred Bischoff, Chairman of the Supervisory Board of Daimler AG: “Today, the shareholders of Daimler AG have approved our plans for a new, modern Group structure. With this new structure, we want to offer our employees a long-term perspective. We are in agreement with the employee representatives on this. With today’s decision and the reorganization of the Daimler Group, we are setting the course for our company and its workforce to be successful also in the future world of mobility.”



    Michael Brecht, Deputy Chairman of the Supervisory Board and Chairman of the General Works Council of Daimler AG: “The new structure is a clear, forward-looking strategy which will make us stronger and protect long-term employment. For us in the General Works Council, this was the top priority for all decisions on Project Future right from the start. The agreement we have negotiated in connection with Project Future puts security for our colleagues first and foremost.”


    Daimler pays a dividend of €3.25 per share, the second-highest in the company’s history


    Dieter Zetsche, longstanding Chairman of the Board of Management, hands over to his successor Ola Källenius






 The shareholders of Daimler AG voted to reorganize the Daimler Group by a large majority at the Annual Meeting in Berlin on Wednesday. This clears the way for the Group to place its car and van business as well as its truck and bus business into two legally independent entities by way of a spin-off. This project, called PROJECT FUTURE, will take effect when the hive-down is entered in the commercial register at Stuttgart District Court. The start of the new company structure is targeted for November 1, 2019. From that date onwards, Mercedes-Benz AG will be responsible for the current Mercedes-Benz Cars and Mercedes-Benz Vans divisions, while Daimler Trucks and Daimler Buses will be joined in Daimler Truck AG.



Daimler Financial Services AG, which is already legally independent, will be called Daimler Mobility AG from July 24, 2019 on. The two new companies, like the current Daimler AG and the future Daimler Mobility AG, will be co-determined German stock corporations with registered offices in Stuttgart.




“Today, the shareholders of Daimler AG have approved our plans for a new, modern Group structure. This was the decisive step for us to start with our new structure in November. Daimler has the ambition to be a leader in the new era of mobility. This demands the highest degree of innovation and agility in order to react quickly to changes. The new structure will enhance our ability to act in a dynamically growing competitive environment, including in terms of raising capital. It will also let us to better respond to customer and market needs.



With this new structure, we want to offer our employees a long-term perspective. We are in agreement with the employee representatives on this. With today’s decision and the reorganization of the Daimler Group, we are setting the course for our company and its workforce to be successful also in the future era of mobility,” said Manfred Bischoff, Chairman of the Supervisory Board of Daimler AG.




Daimler AG as a publicly listed parent company, will perform the functions of governance, strategy and control, and will provide group-wide services. With three strong entities under a common umbrella, the Daimler Group will be more flexible and focused.



With the new structure, Daimler wants to give its divisions more entrepreneurial freedom, increase market and customer orientation, and make cooperation easier and faster. By focusing the new companies on their customers, markets and core competencies, new growth and earnings potential can be utilized. In addition, the strengthening of the divisional structure serves the objective of retaining existing investors over the long-term and attracting new investors and partners.




“The new structure is a clear forward strategy that will make us stronger and protect long-term employment. For us as the General Works Council, this was the top priority for all decisions on Project Future right from the start. The agreement we have negotiated in connection with Project Future puts security for our employees first and foremost: This agreement rules out redundancies for Daimler AG employees until 2030. A commitment ensures an appropriate task for every employee in times of change.



In addition, the German plants will benefit from an investment commitment of €35 billion. We will continue to take care of the interests of our employees in the future with a groupwide works council. The new entities will be co-determined with equal representation in their supervisory boards. The mobility of the future will be exciting and offers many new opportunities. We at Daimler will take advantage of them," said Michael Brecht, Deputy Chairman of the Supervisory Board and Chairman of the General Works Council of Daimler AG.



The Annual Shareholders’ Meeting also resolved to pay a dividend of €3.25 per share for the 2018 financial year (previous year: €3.65). The total dividend payout amounts to €3.5 billion (previous year: € 3.9 billion). The dividend will be distributed on the third business day following the resolution of the Annual Shareholders’ Meeting, i.e. on May 27, 2019, to all shareholders who held Daimler AG shares on May 22, 2019.



The adjustment of Board of Management remuneration, which was one of the items to be voted on, with incentives for sustainable corporate development and a stronger focus on transformation towards the provision of mobility services, was approved by the shareholders, as was an extension of the object of the company to include “mobility and transport services and concepts” in the articles of incorporation.






Changes in the Supervisory Board



The Annual Shareholders’ Meeting reappointed Joe Kaeser and Bernd Pischetsrieder to the Supervisory Board as shareholder representatives.




 Kaeser is currently CEO of Siemens AG and, like Pischetsrieder (former CEO of BMW AG and VW AG), has been a member of Daimler’s Supervisory Board since 2014. The term of office of the two reelected Supervisory Board members ends with the Shareholders’ Meeting in 2024.






Changes in the Board of Management



After more than 13 years as Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars, Dr. Dieter Zetsche stepped down from his position at the end of the Annual Shareholders’ Meeting. With effect at the end of a two-year cooling off period, the Supervisory Board intends to propose to the shareholders at the 2021 Annual Meeting that Zetsche be elected to the Supervisory Board.



“With Dieter Zetsche an exceptional executive is leaving. He has successfully led Daimler back to the top, also through difficult terrain. Together with the employees, he has pushed forward the company’s fundamental transformation. Under his leadership, Daimler has laid the foundation for a good future. He deserves our unqualified gratitude,” said Bischoff.



Zetsche began his career at Daimler in 1976 in the junior manager group and successfully held a number of management positions. With a doctorate in electrical engineering, he held management positions in the commercial vehicles business unit in Brazil, Argentina and the United States before being appointed in 1995 to the board of management of Mercedes-Benz AG as head of sales and then to the board of management of the commercial vehicles business unit. In 2000, he assumed responsibility for Chrysler as CEO and President until 2005, when he became Head of the Mercedes-Benz Car Group. In 2006, he was appointed as CEO of Daimler AG.



Ola Källenius took over from Zetsche at the end of the Annual Shareholders’ Meeting as Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars. “With Ola Källenius, we have appointed a recognized, internationally experienced and successful executive from within the Group, who can also inspire people for a cause, as Chairman of the Board of Management and Head of Mercedes-Benz Cars. At the same time, we are relying on the proven dual responsibility with the Chairman of the Board of Management also heading Daimler’s largest division,” said Bischoff.



Källenius joined the Group in 1995 and, after holding several national and international management functions, was appointed as a member of the Board of Management of Daimler AG with responsibility for Mercedes-Benz Cars Marketing and Sales effective as of January 2015. In January 2017, he took over responsibility for Group Research and Mercedes-Benz Cars Development.



Markus Schäfer succeeds Källenius in the Daimler Board of Management. He is responsible for Group Research and Mercedes-Benz Cars Development. Schäfer will also be responsible for procurement and supplier quality at Mercedes-Benz Cars.




Furthermore, Harald Wilhelm, who was appointed to the Board of Management of Daimler AG as of April 1, 2019, initially without an area of responsibility, took over responsibility for Finance & Controlling and Daimler Financial Services at the end of the Shareholders’ Meeting. Harald Wilhelm was previously Chief Financial Officer of Airbus and a member of the Airbus Executive Committee. He succeeds longstanding CFO Bodo Uebber, who at his own request did not seek to extend his appointment, which runs until December 2019, and stepped down from his position at the end of the Annual Shareholders’ Meeting.



“Bodo Uebber joined the Daimler Group in 1989 and has successfully been responsible for finance at Daimler AG since 2004. He has been the reliable economic conscience of the company and has implemented many initiatives in his area of responsibility and throughout the Group. We thank Bodo Uebber for his successful and intensive work and wish him all the best for the future,” said Bischoff.



About 5,000 shareholders attended the Annual Meeting (previous year 6,000). A total of 52.91% of the share capital was represented.



The actions of the members of the Executive Board were ratified by 93.89% of the share capital represented, and of the members of the Supervisory Board by 93.51%.








The most important results at a glance:




Dividend per share  €3.25

Dividend payout   €3.5 billion

Ratification of the actions of the Board of Management   93.89%

Ratification of the actions of the Supervisory Board   93.51%

Spin-off (PROJECT FUTURE)  99.75%

Share capital represented   52.91%




 This document contains forward-looking statements that reflect our current views about future events. The words “anticipate,” “ assume,” “believe,” “ estimate,” “expect,” “intend,” “may,” ”can,” “ could,” “plan,” “ project,” “should” and similar expressions are used to identify forward-looking statements. These statements are subject to many risks and uncertainties, including an adverse development of global economic conditions, in particular a decline of demand in our most important markets; a deterioration of our refinancing possibilities on the credit and financial markets; events of force majeure including natural disasters, acts of terrorism, political unrest, armed conflicts, industrial accidents and their effects on our sales, purchasing, production or financial services activities; changes in currency exchange rates and tariff regulations; a shift in consumer preferences towards smaller, lower-margin vehicles; a possible lack of acceptance of our products or services which limits our ability to achieve prices and adequately utilize our production capacities; price increases for fuel or raw materials; disruption of production due to shortages of materials, labor strikes or supplier insolvencies;
 a decline in resale prices of used vehicles; the effective implementation of cost-reduction and efficiency-optimization measures;
the business outlook for companies in which we hold a significant equity interest; the successful implementation of strategic cooperations and joint ventures; changes in laws, regulations and government policies, particularly those relating to vehicle emissions, fuel economy and safety; the resolution of pending government investigations or of investigations requested by governments and the conclusion of pending or threatened future legal proceedings; and other risks and uncertainties, some of which we describe under the heading “Risk and Opportunity Report” in the current Annual Report. If any of these risks and uncertainties materializes or if the assumptions underlying any of our forward-looking statements prove to be incorrect, the actual results may be materially different from those we express or imply by such statements. We do not intend or assume any obligation to update these forward-looking statements since they are based solely on the circumstances at the date of publication.





Daimler at a glance



Daimler AG is one of the world's most successful automotive companies. With its Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses, and Daimler Financial Services divisions, the Group is one of the leading global suppliers of premium cars and is the world's largest manufacturer of commercial vehicles over six tons. Daimler Financial Services offers financing, leasing, fleet management, investments, credit card and insurance brokerage as well as innovative mobility services.



The company founders, Gottlieb Daimler and Carl Benz, made history by inventing the automobile in 1886. As a pioneer of automotive engineering, Daimler sees shaping the future of mobility in a safe and sustainable way as both a motivation and obligation.



The company's focus therefore remains on innovative and green technologies as well as on safe and superior vehicles that both captivate and inspire. Daimler continues to invest systematically in the development of efficient powertrains – from high-tech combustion engines and hybrid vehicles to all-electric powertrains with battery or fuel cell – with the goal of making locally emission-free driving possible in the long term.



The company's efforts are also focused on the intelligent connectivity of its vehicles, autonomous driving and new mobility concepts. Daimler regards it as its aspiration and obligation to live up to its responsibility to society and the environment. Daimler sells its vehicles and services in nearly every country of the world and has production facilities in Europe, North and South America, Asia and Africa.


In addition to Mercedes-Benz, the world's most valuable premium automotive brand (source: Interbrand study, 4 Oct. 2018), and Mercedes-AMG, Mercedes-Maybach and Mercedes me, its brand portfolio includes smart, EQ, Freightliner, Western Star, BharatBenz, FUSO, Setra and Thomas Built Buses as well as the brands of Daimler Financial Services: Mercedes-Benz Bank, Mercedes-Benz Financial Services and Daimler Truck Financial. The company is listed on the Frankfurt and Stuttgart stock exchanges (ticker symbol DAI). In 2018, the Group had a workforce of around 298,700 and sold 3.4 million vehicles. Group revenues amounted to €167.4 billion and Group EBIT to €11.1 billion.





    Hendrik Sackmann- photos Daimler

Permanent-URL: http://www.automobilsport.com/daimler-shareholder-new-group-structure---191167.html

24.05.2019 / MaP

More News

Personnel changes at Mercedes-Benz Cars
17.05.2019
    Nicholas Speeks will become new CEO of Mercedes-Benz USA and Head of Sales NAFTA Mercedes-Benz Cars.    Jan Madeja will be Head of the Chinese sales company for passenger cars, Beijing Mercedes-Benz Sales Service.    Holger Suffel will become CEO of Mercedes-Benz Russia and Head of Sales Mercedes-Benz C more >>
Harris Williams Advises RANDYS Worldwide Automotive on its Sale to Tailwind Capital
17.05.2019
Harris Williams, a global investment bank specializing in M&A advisory services, announces the sale of RANDYS Worldwide Automotive (RANDYS), a portfolio company of Linsalata Capital Partners, to Tailwind Capital (Tailwind). RANDYS is a leading supplier of highly engineered drivetrain products to the automotive aftermarket. The transaction, led by Joe more >>
Volkswagen delivers fewer vehicles in April
16.05.2019
Brand delivers 487,400 vehicles throughout the world: 6.2 percent fewer than in April 2018     Deliveries rise in North America, Russia and Brazil     In China, Volkswagen wins market shares in an overall market that continues to shrink     Sales Board Member Jürgen Stackmann: “ more >>
Nissan contributes -€56 million for first quarter 2019 to Renault’s earnings
14.05.2019
Nissan released today its results for the fourth quarter of fiscal year 2018/2019 (April 1, 2018 to March 31, 2019). Nissan’s results, published in JGAAP, for the fourth quarter of fiscal year 2018/2019 (January 1st to March 31th, 2019), after IFRS restatements, will have a negative contribution to Renault’s first quarter 2019 net income more >>
VW Shareholders formally approve actions of Board of Management and Supervisory Board and adopt resolution on increased dividend for 2018
14.05.2019
At the Annual General Meeting 2019, the shareholders of Volkswagen Aktiengesellschaft voted by a majority of 99.98 percent to approve the recommendation of the Board of Management and the Supervisory Board to pay a dividend of 4.80 (3.90) EUR per ordinary share and 4.86 (3.96) EUR per preferred share for fiscal year 2018. Approximately 2.4 billion (2.0 billion) EUR will therefore be distributed more >>
Volkswagen resumes preparations for IPO of TRATON SE
13.05.2019
Board member responsible for Finance and IT, Frank Witter: “We have always clearly reiterated our intention to pursue an IPO.”    TRATON CEO Andreas Renschler: “Our groundwork has been excellent and we are now fully focused on a potential IPO.” Backed by approval from the Supervisory Board, more >>
Mercedes-Benz sells about 182,000 vehicles worldwide in April
10.05.2019
EQC Edition 1886 (combined electric energy consumption: 20.8 – 19.7 kWh/100 km; combined CO2 emissions: 0 g/km)*. *Electric energy consumption and range have been determined on the basis of Regulation (EC) No. 692/2008. Electric energy consumption and range depend on the vehicle configuration. more >>
BMW Group's operational performance on course
07.05.2019
-  Recognition of provision for EU proceedings - Volume growth achieved despite prevailing sector trend – market share increased - Further rise in upfront expenditure for tomorrow’s mobility - Significant increase in Motorcycles segment EBIT - Good quarter for Financial Services segment - Electrified vehi more >>
AUDI AG: first quarter of 2019 still affected by adverse factors
03.05.2019
Audi Group: revenue of €13.8 billion; operating profit of €1.1 billion; operating return on sales of 8.0 percent        Key financials reflect deconsolidation of multi-brand import companies        CFO Alexander Seitz: “We are some distance away from our own targets and aim to make cons more >>
Kia Motors posts global sales of 227,773 units in April
02.05.2019
Kia Motors Corporation announced 227,773 units of global sales for April 2019, a 5.3 percent decrease compared to same period last year. Kia’s best-selling model was the Sportage SUV, with 41,395 units sold globally in April. S more >>
The Volkswagen Group boosts sales revenue and earnings in the first quarter 2019
02.05.2019
Volkswagen Group confirms 2019 targets for deliveries to customers, sales revenue and operating profit before special items    Deliveries to customers of the Volkswagen Group at 2.6 million vehicles (–2.8 percent)    Group sales revenue of EUR 60.0 billion exceeds prior-year figure by 3.1 percent    more >>
PwC welcomes Dr. Anil Khurana as the Global Industrial Manufacturing and Automotive Industry leader
29.04.2019
PwC welcomes the appointment of Dr. Anil Khurana as the Global Industrial Manufacturing and Automotive (IM&A) Industry Leader, based in the US.  A leading industry expert, Dr. Anil has advised companies, investors, and governments in the US, Europe, Middle East, and Asia on a range of topics such as corporate strategy, financing, public policy, innovation, entrepreneurship, internation more >>
Groupe Renault Revenues of €12.5 billion in the first quarter of 2019
26.04.2019
    Group sales decreased by 5.6% to 908,348 vehicles in a global market down 7.2%.    Group revenues amounted to €12,527 million in the quarter (-4.8%). At constant exchange rates and perimeter[1], the decrease would have been 2.7%.    The Group confirms its guidance for the year.  more >>
Benedikt Schell to become the new CEO of Mercedes-Benz Bank AG
25.04.2019
The Supervisory Board of Mercedes-Benz Bank AG has picked the successor for the CEO position. Franz Reiner (51), who will take over as chairman of Daimler Financial Services AG effective June 1, 2019, will be succeeded at the same time by Benedikt Schell (48) as the new CEO of Mercedes-Benz Bank. more >>
Mitsubishi Motors Philippines hits its One Million-Unit Sales in 2019
09.04.2019
Mitsubishi Motors Corporation (MMC) announced that Mitsubishi Motors Philippines Corporation (MMPC) hit its 1 million-unit sales milestone this year. The company has been logging various milestones in its historical books and this part more >>
Williams Reports 2018 Annual Results
05.04.2019
Williams Grand Prix Holdings PLC (WGPH, Ticker: WGF1) today announced the Group’s financial results for the year ended 31 December 2018. WGPH is the holding company of the Williams group of companies, which includes Williams Grand Prix Engineering Limited and Williams Advanced Engineering Limited.Group revenue increased in 2018 to £176.5m, from £166.2m more >>
Compensation of Mr.Carlos Ghosn for the 2018 financial year
04.04.2019
Following the resignation of Mr. Carlos Ghosn from his positions as Chairman of the Board of Directors and Chief Executive Officer on January 23, 2019, a meeting of the Board of Directors was held on April 3, 2019 to decide on the financial conditions of his departure.It is recalled that, on February 13, the Board of Directors had already waived Mr. Carlos Ghosn's non-co more >>
The brand has created a network of 210 CUPRA Corners
02.04.2019
   CUPRA has consolidated its structure by increasing its staff by 50%    Germany, Spain and the United Kingdom were its best performing markets in 2018    CUPRA has started 2019 by tripling sales and reaching 3,600 units sold more >>
New management at Volkswagen Group Components
27.03.2019
Heiner Lanze, new Head of Procurement    Frank Engel will in future be responsible for component activities in China    Christian Bleiel heads Component Production at ŠKODA    Andreas Salewsky becomes the new Head of the Salzgitter Plant more >>
Daimler AG planned new Group structure
22.03.2019
Supervisory Board and Board of Management of Daimler AG agree on future members of the Boards of Management and Supervisory Boards of Mercedes-Benz AG and Daimler Truck AG  &nb more >>
Erneute erfolgreiche Anleihenausgabe von Fastned
22.03.2019
Schnellladeunternehmen nimmt mehr als 10 Millionen Euro für den Ausbau des europäischen Schnellladennetzwerks auf. Fastned - das Ladeunternehmen, welches ein europäisches Netz von Schnellladestationen aufbaut - hat durch die Em more >>
BMW Group sets strategic course for future
20.03.2019
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
€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
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
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
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
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
•    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
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
    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
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
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
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
* 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
•    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
- 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
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
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
    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 >>

2001-2020 automobilsport.com full copyright