Top Story: Hagerty Investigates The Highs And Lows Of Classic Car Auctions In 2020 -full report here

    2020 marked the year when auction houses needed digital to survive    Despite widespread issues from government social restrictions, some physical auctions returned strong sales results    Star sale of the year was Gooding & Company’s Passion of a Lifetime event at Hampton Court Palace    Newcomers Collecting Cars joined The Market with strong digital sales results and a large number of cars offered    1990s mehr >>

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Hagerty Investigates The Highs And Lows Of Classic Car Auctions In 2020 -full report here 21.12.2020

Finance: Hagerty Investigates The Highs And Lows Of Classic Car Auctions In 2020 -full report here

    2020 marked the year when auction houses needed digital to survive    Despite widespread issues from government social restrictions, some physical auctions returned strong sales results    Star sale of the year was Gooding & Company’s Passion of a Lifetime event at Hampton Court Palace&n mehr >>

Kia Motors America announces executive management team appointments 18.12.2020

Finance: Kia Motors America announces executive management team appointments

Promotions Support Kia’s U.S. Growth and Brand Enhancement Strategy    Bill Peffer promoted to chief operating officer and executive vice president    Russell Wager promoted to vice president of marketing mehr >>

Porsche’s Marketing Communications realigns its global agency model 18.12.2020

Finance: Porsche’s Marketing Communications realigns its global agency model

Increased brand focus and greater bundling   As part of a pitch process lasting several months, the Marketing Communications department of Porsche AG has realigned its cooperation with the existing agencies. The focus of the previous “Creative Alli mehr >>

14.12.2020

Finance: The Special Meeting and the Extraordinary General Meeting of Peugeot S.A. will be held on January 4, 2021 behind closed doors

In the light of the Covid-19 epidemic and pursuant to the provisions of regulation n°2020-1497 of December 2, 2020 (which extends and amends regulation n°2020-321 of March 25, 2020), the Managing Board of Peugeot S.A. has decided that the Extraordinary General Meeting and the Special Meeting of shareholders holding double voting rights of January 4, 2020 will be held at the head o mehr >>

Tesla’s Free Cash Flow Up 276% in Q3 2020 Compared to Q3 2019 - $1.395B 09.12.2020

Finance: Tesla’s Free Cash Flow Up 276% in Q3 2020 Compared to Q3 2019 - $1.395B

Despite the uncertainty caused by COVID-19 Tesla posted impressive numbers regarding their free cash flow for 2020. According to data presented by Stock Apps, Tesla’s Free Cash Flow increased by 276% compared to the same period in 2019. Tesla’s Q3 free cash flow also experienced an almost $1 billion increase from Q2 2020.Free Cash Flow up by 276%, Cap mehr >>

Future prospects secured for the Hambach plant: Mercedes-Benz AG sells passenger-car plant in Hambach, France to Ineos 08.12.2020

Finance: Future prospects secured for the Hambach plant: Mercedes-Benz AG sells passenger-car plant in Hambach, France to Ineos

    Secures employment with future-proof solutions at Hambach plant    Mercedes-Benz AG sells plant to the British company INEOS Automotive    Production of electric two-seat smart EQ models by INEOS Automotive will continue mehr >>

Jens Brücker becomes new head of Porsche main factory 07.12.2020

Finance: Jens Brücker becomes new head of Porsche main factory

Traditional plant in Zuffenhausen under new leadership   Change at the helm of Porsche’s main factory: On 18 November, Jens Brücker was appointed the new vice president of the traditional plant at the headquarters in Zuffenhausen (Germany). Brücker su mehr >>

American Honda Reports November Sales Results 02.12.2020

Finance: American Honda Reports November Sales Results

  American Honda         Total102,614 -23.4%    Cars39,830 -26.9%    Trucks62,784 -21%     mehr >>

Mercedes-Benz Bank offers insurance especially for electric vans 01.12.2020

Finance: Mercedes-Benz Bank offers insurance especially for electric vans

  Mercedes-Benz Bank is boosting the attractiveness of the transition to sustainable mobility with eVan insurance.    The coverage has been adapted for electric vehicles so that the charging cable, wallbox, and battery are also covered, among other items.    A 15 percent discount on the insurance premium is granted. mehr >>

Kia Motors announces November global sales 01.12.2020

Finance: Kia Motors announces November global sales

    November global sales at 256,019 units, up 2% y/y    Korea sales increased 3.9% to 50,523 units    Sales outside of Korea climbed 1.6% to 205,496 units    Kia expects strong sales momentum to continue with expanded SUV line-up mehr >>

British engine production declines by a fifth in October 26.11.2020

Finance: British engine production declines by a fifth in October

UK ENGINE MANUFACTURING    197,374 UK engines built in October as output declines by -20.1%.    Production for domestic and overseas markets falls -25.2% and -16.4% respectively.    Year-to-date output remains down -30.1% as sector faces triple whammy of coronavirus, Brexit and 2030 end of sale mehr >>

October UK car production down -18.2% as sector awaits critical Brexit deal 26.11.2020

Finance: October UK car production down -18.2% as sector awaits critical Brexit deal

UK CAR MANUFACTURING (data for October)    UK car production falls -18.2% in October with 110,179 units leaving factory gates.    Subdued demand from EU and US markets drives -19.1% exports decline, as output for UK buyers also falls.    Year-to-date output lags by -33.8% with 379,30 mehr >>

UK commercial vehicle production down -25.6% in October 26.11.2020

Finance: UK commercial vehicle production down -25.6% in October

UK COMMERCIAL VEHICLE MANUFACTURING    UK commercial vehicle production falls by -25.6% as 6,761 units leave factory gates in October.    Production both for overseas and domestic markets in double digit decline as dual impact of Covid-19 and risk of ‘no deal’ Brexit bring down operator confidence. mehr >>

The notices convening the General Meetings of Peugeot S.A. shareholders on January 4, 2021 have been filed in the official bulletin of legal notices 23.11.2020

Finance: The notices convening the General Meetings of Peugeot S.A. shareholders on January 4, 2021 have been filed in the official bulletin of legal notices

The Managing Board of Peugeot S.A. has decided to convene an Extraordinary General Meeting of shareholders on Monday January 4, 2021 at 11 a.m. in order to approve the merger transaction with Fiat Chrysler Automobiles N.V. (“FCA”).A special meeting o mehr >>

Approval of the prospectus relating to the listing of Stellantis shares 20.11.2020

Finance: Approval of the prospectus relating to the listing of Stellantis shares

  Groupe PSA and Fiat Chrysler Automobiles N.V. (“FCA”) (NYSE: FCAU / MTA: FCA) announced today that the Netherlands authority for the financial markets (Autoriteit Financiële Markten) has approved their prospectus relating to the admission to listing and trading in mehr >>

Stephan Winkelmann named new President and CEO of Automobili Lamborghini 18.11.2020

Finance: Stephan Winkelmann named new President and CEO of Automobili Lamborghini

    Stephan Winkelmann returns to Automobili Lamborghini    He will also remain President of Bugatti    Winkelmann succeeds Stefano Domenicali mehr >>

Nissan contributes - € 30 million for third quarter 2020 to Renault’s earnings 12.11.2020

Finance: Nissan contributes - € 30 million for third quarter 2020 to Renault’s earnings

Nissan released today its results for the second quarter of fiscal year 2020/2021 (April 1st, 2020 to March 31th, 2021).Nissan’s results, published in Japanese accounting standards, for the second quarter of fiscal year 2020/2021 (July 1st to September 30t mehr >>

UK auto counts £735 Million cost of Brexit preparation with final plea for zero-tariff trade deal as negotiations enter endgame 11.11.2020

Finance: UK auto counts £735 Million cost of Brexit preparation with final plea for zero-tariff trade deal as negotiations enter endgame

    UK auto industry issues last plea for UK-EU negotiators to agree a zero-tariff trade deal as talks enter the final stretch.    New SMMT survey reveals at least £735 million cost to industry of preparing for Brexit so far, with more than £235 million spent in 2020 alone.    Sector doing mehr >>

UK used car market bounces back 4.4% in third quarter as more than 2 million change hands 11.11.2020

Finance: UK used car market bounces back 4.4% in third quarter as more than 2 million change hands

    UK used car transactions grow 4.4% in Q3 as showrooms re-open, with 2,168,599 vehicles changing hands.    Growth recorded in each month of the quarter, with September plate-change driving highest increase of 6.3%.    Demand lifts across all fuel types, with biggest percentage growth enjoyed by electric ve mehr >>

Harris Williams Advises Highline Aftermarket Holdings, LLC on its Sale to Pritzker Private Capital 10.11.2020

Finance: Harris Williams Advises Highline Aftermarket Holdings, LLC on its Sale to Pritzker Private Capital

Harris Williams, a global investment bank specializing in M&A advisory services, announces that it advised Highline Aftermarket Holdings, LLC (Highline), a portfolio company of The Sterling Group (Sterling), on its sale to Pritzker Private Capital (PPC). mehr >>

Dutch funding set to boost UNCTAD’s work on e-commerce and the digital economy 05.11.2020

Finance: Dutch funding set to boost UNCTAD’s work on e-commerce and the digital economy

African e-commerce ambitions lifted by Dutch funding   Generous grant from the Netherlands will boost Africa-wide ambitions to benefit from e-commerce and provides concrete support to its least developed countries.Digita mehr >>

BMW Group confirms outlook for 2020 – significantly improved performance in third quarter 04.11.2020

Finance: BMW Group confirms outlook for 2020 – significantly improved performance in third quarter

Zipse: “Third-quarter performance underlines BMW Group’s operational strength” - Peter: “We are in an intense cost competition” - Profit before tax in Q3 rises to approximately € 2.5 billion - Return on sales of 9.4% in Q3 - Free cash flow in Q3 exceeds € 3 billion - EBIT marg mehr >>

American Honda Reports October Sales Results 03.11.2020

Finance: American Honda Reports October Sales Results

      Sales of Acura cars increased 9.1% in October, fueled primarily by robust sales of the TLX (up 8.1%) as the all-new 2021 model completed its first full month on the market    Honda Passport sa mehr >>

NIO Inc. Provides October 2020 Delivery Update 03.11.2020

Finance: NIO Inc. Provides October 2020 Delivery Update

 Company Achieved New Record-High Monthly Deliveries     •    NIO delivered 5,055 vehicles in October 2020, increasing by 100.1% year-over-year •    NIO delivered 31, mehr >>

Kia Motors announces October global sales 02.11.2020

Finance: Kia Motors announces October global sales

    October global sales at 265,714 units, up 6.1% y/y    Korea sales increased 1.8% to 48,009 units    Sales outside of Korea climbed 7% to 217,705 units    Kia expects strong sales momentum t mehr >>

Goodyear Reports Third Quarter 2020 Results 31.10.2020

Finance: Goodyear Reports Third Quarter 2020 Results

– Volume improved throughout the third quarter; total unit volume down 9% versus 2019– Third quarter working capital significantly better than expected; source of cash for the quarter– Cash and liquidity position maintained; $4.2 billion available at quarter end– Strong net cost savings in the third quarter, including ben mehr >>

Skoda Auto achieves operating profit of 469 million euros in first three quarters of 2020 30.10.2020

Finance: Skoda Auto achieves operating profit of 469 million euros in first three quarters of 2020

    ŠKODA AUTO delivers 721,900 vehicles to customers worldwide from January to September despite the coronavirus pandemic    ŠKODA AUTO Group* sales revenue exceeds 12 billion euros in the first three quarters, with a return on sales of 3.9%    Clearly positive operating profit of 469 million mehr >>

Ducati records the best third quarter ever despite the complex global situation 30.10.2020

Finance: Ducati records the best third quarter ever despite the complex global situation

The third quarter closed with 14,694 total motorcycles delivered worldwide       A total of 4,468 motorcycles were delivered in September, of which the Panigale, Ducati Scrambler and Mul mehr >>

Harris Williams Advises Parts Authority on its Sale of a Majority Interest to Kohlberg & Company, LLC 30.10.2020

Finance: Harris Williams Advises Parts Authority on its Sale of a Majority Interest to Kohlberg & Company, LLC

Harris Williams, a global investment bank specializing in M&A advisory services, announces that it advised Parts Authority, a portfolio company of The Jordan Company (TJC), on its sale to Kohlberg & Company, LLC (Kohlberg).  Parts Authority is a mehr >>

Volkswagen brand recovers from Covid-19 slump in third quarter and confirms outlook 30.10.2020

Finance: Volkswagen brand recovers from Covid-19 slump in third quarter and confirms outlook

Third-quarter deliveries almost on a level with previous year; year-to-date decline of 18.6 percent  Sales revenue of EUR 47.2 billion in the first nine months; rate of year-on-year decline has narrowed to –27.9 percent after three quarters  Return to profitable territory in third quarter, nine-month operating result before special ite mehr >>

Audi Group achieves breakeven thanks to strong third quarter - report 30.10.2020

Finance: Audi Group achieves breakeven thanks to strong third quarter - report

   Strong third quarter: deliveries and revenue up year-on-year, operating profit clearly positive         First nine months: 1.2 million Audi brand vehicles delivered, revenue of €33.3 mehr >>

Porsche records operating result of two billion euros 30.10.2020

Finance: Porsche records operating result of two billion euros

Success in uncertain times: 10.4 percent return on sales   In the first three quarters of 2020, Porsche generated an operating result of 2.0 billion euros despite the worldwide coronavirus pandemic. With revenue of 19.4 billion euros, mehr >>

UK Car production falls -5.0% in worst September since 1995 30.10.2020

Finance: UK Car production falls -5.0% in worst September since 1995

... as industry issues plea for vital Brexit deal    UK car manufacturing output falls -5.0% in September to 114,732 units – the lowest level for 25 years.    Exports decline -9.7% to 8 mehr >>

British engine production declines -2,4% in weakest September since 2014 30.10.2020

Finance: British engine production declines -2,4% in weakest September since 2014

UK ENGINE MANUFACTURING data for September 2020    216,643 UK engines built in September as output declines -2.4%, marking worst September since 2014 1.    Production for domestic and overseas markets fal mehr >>

MITSUBISHI MOTORS Announces Production, Sales and Export Figures for September 2020 and First Half of Fiscal 2020 29.10.2020

Finance: MITSUBISHI MOTORS Announces Production, Sales and Export Figures for September 2020 and First Half of Fiscal 2020

September 2020     Fiscal Year 2020 (20/4-20/9)     Calendar Year 2020 (20/1-20/9) Volume(unit)     YoY(%)     Volume(unit)     YoY(%)     Volume(unit)     YoY(%) mehr >>

Groupe PSA announces the successful completion of the sale of part of its stake in Faurecia 29.10.2020

Finance: Groupe PSA announces the successful completion of the sale of part of its stake in Faurecia

Groupe PSA announces the successful completion of the sale of part of its stake in Faurecia   IMPORTANT NOTICE By reading the following communi mehr >>

Groupe PSA announces the launch of the sale of part of its stake in Faurecia 28.10.2020

Finance: Groupe PSA announces the launch of the sale of part of its stake in Faurecia

Peugeot S.A. (“Groupe PSA”) launches today the sale of 9,663,000 Faurecia shares, representing approximately 7% of Faurecia’s share capital, further to the press release published by Groupe PSA earlier today relating to the merger process between Fiat Chrysler Automobiles N.V. (“FCA”) and Groupe PSA.   mehr >>

FCA and Groupe PSA Boards note continued progress towards merger completion and agree additional steps 28.10.2020

Finance: FCA and Groupe PSA Boards note continued progress towards merger completion and agree additional steps

...including in respect of Faurecia stake distribution to Stellantis shareholders Fiat Chrysler Automobiles N.V. (" FCA ") (NYSE : FCAU/MTA : FCA) and Peugeot S.A. (“Groupe PSA”) continue to advance towards the completion of their proposed combination mehr >>

Groupe PSA Q3 2020 Auto revenue: back to growth 28.10.2020

Finance: Groupe PSA Q3 2020 Auto revenue: back to growth

•    Automotive division[1] revenue up 1.2% at €12 billion driven by a recurring strong product mix and pricing policy;•    Group revenue down 0.8% at €15.5 billion;•    Success of recent launches with an increasing mix of electrified versions contributing to CO2 leadership;&b mehr >>

UNCTAD - Global foreign direct investment falls 49%, outlook remains negative 27.10.2020

Finance: UNCTAD - Global foreign direct investment falls 49%, outlook remains negative

The biggest drops occurred in developed countries, cutting across all major forms of foreign direct investment.   Global foreign direct investment (FDI) flows fell 49% in the first half of 2020 compared to 2019, mehr >>

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