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Top Story: Renault Group Revenues of €10,374 million in the third quarter of 2020 |
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| Group revenues reached €10,374 million (-8.2%) in the quarter. At constant exchange rates and perimeter[1], the decrease would have been -3.2%. The Group sold 806,320 vehicles in the third quarter, down 6.1%. September showed a positive momentum, particularly marked in Europe, where Group’s sales were up 8% in a market up 3%. With ZOE sales up more than 150% in the third quarter, the Group is on track to meet it mehr >> |
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23.10.2020
Finance: Renault Group Revenues of €10,374 million in the third quarter of 2020Group revenues reached €10,374 million (-8.2%) in the quarter. At constant exchange rates and perimeter[1], the decrease would have been -3.2%. The Group sold 806,320 vehicles in the third quarter, down 6.1%. September showed a positive momentum, particularly marked in Europe, where Group&rsq mehr >> |
22.10.2020
Finance: Karin Radström takes over management of Mercedes-Benz Trucks on 1 February 2021Karin Rådström will start her appointment as Member of the Board of Management, Daimler Truck AG, responsible for Mercedes-Benz Trucks, on 1 February 2021. Rådström most recently has been responsible for mehr >> |
20.10.2020
Finance: Hyundai Motor rises to top five Automotive Brands in Interbrand's 2020 Global Brand RankingHyundai’s Global Brand Value rose 1 percent year-on-year to $14.3 billion, ranking fifth among global automotive brands and 36th overall Hyundai mehr >> |
19.10.2020
Finance: Ad-hoc announcement: Preliminary free cash flow for the Automotive segment of BMW AG in the third quarter of 2020 aboveThe preliminary free cash flow for the Automotive segment of BMW AG in the third quarter 2020 amounts to €3,065 million (previous year: €714 million) and thus exceeds current market expectations. This was due in particular to a faster recovery in mehr >> |
16.10.2020
Finance: Porsche reports robust demand in the first nine monthsCayenne and 911 increasingly popularIn the first three quarters of 2020, Porsche delivered 191,547 vehicles to customers worldwide. Compared to the same period in the previous year, this was a reduction of five percent. “Porsche is demonstrating resili mehr >> |
15.10.2020
Finance: Volkswagen Group invests in automation for Emden, Hannover and Chattanooga plantsVolkswagen Passenger Cars and Volkswagen Commercial Vehicles brands step up pace of transformation to e-mobility era More than 2,200 new robots ordered for planned production of electric cars at Emden, Hanover and Chattanooga These are to become the most advanced production plants in the industry mehr >> |
14.10.2020
Finance: Euisun Chung Inaugurated as Chairman of Hyundai Motor Group, Opening a New Chapter in HistoryChairman Mong-Koo Chung inaugurated as Honorary Chairman of the Group Inauguration unanimously endorsed by board members of Hyundai Motor, Kia Motors and Hyundai Mobis Euisun Chung has been recognized for successful leadership as Executive Vice Chairman of the Group over past two years mehr >> |
14.10.2020
Finance: Toyota Motor Europe outperforms the market as more customers choose hybridTME sales rebound with 715,081 vehicles sold between Jan-Sept 2020, down -15% but outperforming the market which fell by -25% Strong customer demand for its hybrid line-up increased share to 6.1%, up by 0.8 ppts Multi-powertrain strategy boosted by launches of New Yaris Hybrid, RAV4 Plug-in Hybrid mehr >> |
12.10.2020
Finance: Daimler and Swiss Re launch new company Movinx to transform automotive and mobility insurance businessMovinx is a 50/50 joint venture of Daimler Insurance Services and Swiss Re. Partners aim to transform and innovate automotive and mobility insurance with fully digital business model an mehr >> |
07.10.2020
Finance: BMW Group posts solid third-quarter sales growthBMW Group sells 675,680 units in third quarter (+8.6%) - Europe region delivers 275,618 vehicles to customers in Q3 (+7.1%) - China up 6.4% after first nine months (559,681 vehicles) - Sales situation still reflects regional impact of coronavirus pandemic - Pieter Nota: “Sales growth of almost 50 percent for electrified vehicle mehr >> |
06.10.2020
Finance: New Mercedes−Benz strategy announced − targeting structurally higher profitabilityNew Mercedes-Benz strategy for the car business unveiled today at a virtual investor and analyst conference. The new strategy will enhance the Mercedes-Benz brand’s luxury status, raise the product portfolio’s posit mehr >> |
06.10.2020
Finance: Mitsubishi Motors South Africa increases market share in a tough market with the launch of the new Pajero Sport• Mitsubishi Motors South Africa improves sales thanks to most stylish Pajero Sport to date• Mitsubishi claims market share in incredibly competitive segments• New Pajero Sport Exceed plays a major role in increased sales mehr >> |
06.10.2020
Finance: NIO Inc. Provides September and Third Quarter 2020 Delivery UpdateCompany Achieved New Record-High Monthly and Quarterly Deliveries NIO delivered 4,708 vehicles in September 2020, increasing by 133.2% year-over-yearNIO delivered 12,206 vehicles in the three months ended September 2020, increasing by 154.3% year-over-yearNIO began deliveries of the EC6 in late September 2020 mehr >> |
05.10.2020
Finance: Kia Motors announces September global salesSeptember global sales at 260,023 units, up 10.3 percent y/y Korea sales increased 21.9 percent y/y to 51,211 units Sales outside of Korea climbed 7.7 percent y/y to 208,812 units Kia expects strong sales momentum to continue in the second half with expanded SUV line mehr >> |
02.10.2020
Finance: A record September for Automobili LamborghiniAutomobili Lamborghini has achieved a record September in terms of commercial results with 738 units delivered to customers in one month: its best September ever. A consistently positive trend over the last three months resulted in 2,083 units delivere mehr >> |
02.10.2020
Finance: Strong September Sales for Honda and Acura Adds to Momentum Gained in 3rd QuarterHonda brand sales climb 11% as trucks set September record with 20.4% jump Honda Passport and CR-V set September sales records, gaining 48.1% and 29.6% respectively Acura September sales increased 16.6% on strong performances from MDX, RDX and ILX mehr >> |
02.10.2020
Finance: BMW of North America Reports Q3 2020 Sales ResultsConsumer Demand for BMW Brand Vehicles Outpaces Projections. High-Percentage of New Vehicles Arriving Pre-Sold to Customers. Sales Momentum Built Throughout the Quarter Ending with a Record September. BMW of North America announced today Q3 2020 sales results for th mehr >> |
30.09.2020
Finance: MITSUBISHI MOTORS Announces Production, Sales and Export Figures for August 2020August2020 Fiscal Year 2020 (20/4-20/8) Calendar Year 2020 (20/1-20/8) Volume(unit) YoY(%) Volume(unit) YoY(%) Volume(unit) YoY(%) mehr >> |
29.09.2020
Finance: Groupe PSA and FCA announce Stellantis Board membershipFiat Chrysler Automobiles N.V. (“FCA”) (NYSE: FCAU / MTA: FCA) and Peugeot S.A. (“Groupe PSA”) announce the composition of the Board of Directors of Stellantis, the new company that will result from the combination of their respective businesses. mehr >> |
25.09.2020
Finance: Chairman and CEO of Automobili Lamborghini, Stefano Domenicali, will leave leadership of the Italian super sports car company for a new professional roleAutomobili Lamborghini announces that Chairman and CEO Stefano Domenicali will leave his position leading the Italian super sports car company to take on a new and prestigious professional role from January 2021. Since joining Lamborgh mehr >> |
23.09.2020
Finance: Wayne Griffiths named new President of SEATAs SEAT’s new president, Wayne Griffiths will lead the company and its two brands from October 1st In his current role as head of sales and marketing, Griffiths has been instrumental in driving record sales at SEAT for the past years – he has also been a key pillar in establishing the CUPRA brand & mehr >> |
17.09.2020
Finance: Shareholders agree 6-month lock-up on Faurecia sharesFiat Chrysler Automobiles N.V. (“FCA”) (NYSE: FCAU / MTA: FCA) and Peugeot S.A. (“Groupe PSA”) communicate that following a request from the Companies in the context of their recently announced amendment to their combination agreement, EXOR, EFP/FFP, Bpifrance and DFG have each agreed to be subject to a lock-up of their Faurecia shares until the end of the mehr >> |
16.09.2020
Finance: Unicorn Investor HOWZAT and Tech Advisory Specialist ennea combine forcesHOWZAT Partners (“HOWZAT”) and ennea capital partners (“ennea”) are joining forces as HOWZAT ennea Group (“HOWZAT ennea”) to create one of Europe’s leading early to mid-stage investment, M&A and advisory businesses.HOWZAT is a unicorn investor and one of the top 3 travel technology investors globally*. mehr >> |
14.09.2020
Finance: FCA and Groupe PSA amend their Combination Agreement to further strengthen Stellantis’ opening capital structure• FCA special dividend set at €2.9 billion; Groupe PSA’s Faurecia stake to be distributed post-closing to all Stellantis shareholders• Amendments preserve the balance of original Combination Agreement• Annual estimated run-rate synergies increased to in excess of €5 billion mehr >> |
08.09.2020
Finance: Consumer Car Finance Market returns to growth in July - FLA UKNew figures released September 7th by the Finance & Leasing Association (FLA) show that new business in the consumer car finance market grew 19% by value and 9% by volume in July 2020 compared with the same month in 2019. In the seven months to July 2020, new business volumes in this market remained 30% lower than in the same period in 2019.The cons mehr >> |
04.09.2020
Finance: Temporary tax relaxation can drive vehicle sales in Indonesia, says GlobalDataFollowing the news that the Association of Indonesian Automotive Industries (GAIKINDO) asked the government to temporarily exempt all tax collections related to cars;Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offer mehr >> |
02.09.2020
Finance: Online trading platforms and sports properties partnership opportunities emerge from COVID-19 pandemic, says GlobalData’s SportcalCOVID-19 has created opportunities for the sporting industry through partnerships, which has led to online trading platforms looking to partner with sports properties as a means of differentiating themselves from competitors in the marketplace, according to Sportcal, a GlobalData company. mehr >> |
02.09.2020
Finance: SKODA AUTO invests 32 million euros in ENYAQ iV production line at its Mladá Boleslav plant› ŠKODA AUTO completes the group’s only production line on which MEB and MQB vehicles can be built alongside one another› Modifications made to cater for installation of the floor assembly including high-voltage batteries and implementation of necessary safety precautions› Production of the first MEB-based &Scar mehr >> |
02.09.2020
Finance: American Honda Reports August Sales ResultsAmerican Honda Total 135,925 -21.9%Cars 54,067 -29.4%Trucks 81,858 -16% ACURATotal 13,647 -10.2%Cars 3,425 -8.8% mehr >> |
28.08.2020
Finance: Mitsubishi Motors announces production, sales and export figures for July 2020July2020 Fiscal Year 2020 (20/4-20/7) Calendar Year 2020 (20/1-20/7) Volume(unit) YoY(%) Volume(unit) YoY(%) Volume(unit) YoY(%) mehr >> |
28.08.2020
Finance: Spyker enters into a major collaboration agreement with investment group of Boris Rotenberg and Michail PessisToday, August 28, 2020, entrepreneur Boris Rotenberg, owner of among others SMP Racing and BR Engineering, his business partner Michail Pessis, co-owner of SMP Racing Monaco as well as owner of Milan Morady SA in Luxembourg and R-Company GmbH in Germany and Victor R. Muller, Chief Executive Officer of Spyker Ltd announce a far-reaching collaboration between the above companies and the Spyker gr mehr >> |
22.08.2020
Finance: Bugatti – Changes in the Comité de DirectionBugatti President Stephan Winkelmann presents his first line of management.Every Wednesday they meet at 9:00 am for the weekly Board Meeting, or as it is called at Bugatti: Comité de Direction. While personal attendance is preferred by the manag mehr >> |
18.08.2020
Finance: Market Cap of the World`s Five Largest Automobile Manufacturers Plunged by $63bn in 2020The COVID-19 pandemic has had a severe impact on the global automotive industry, causing supply chain disruptions and factory closures. All of this placed intense pressure on the market already coping with a downshift in global deman mehr >> |
18.08.2020
Finance: Brexit concerns create double whammy concern for UK auto industry, says GlobalDataAs the UK-EU negotiations for a post-Brexit trade deal resume for their seventh round in Brussels today;David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, o mehr >> |
06.08.2020
Finance: BMW Group reaffirms outlook for full year 2020- Zipse: “Cautiously optimistic for second half of year” - Profit before tax after first half year at ca. € 500 million - Revenues and earnings impacted by Q2 market downturns - Strict inventories management helps safeguard cash flow - CO2 targets now set up for complete vehicle life cycle to 2030 - Far-reachin mehr >> |
05.08.2020
Finance: Volvo Cars reports 14.2 per cent global sales growth in JulyVolvo Cars posted strong sales in July, with volumes up 14.2 per cent compared with the same period last year. The company sold 62,291 cars during the month, as Europe, the US and China all reported a growth in sales compared with t mehr >> |
04.08.2020
Finance: Ford Announces Jim Hackett to Retire as President and CEO- Jim Farley to Succeed Hackett as Company Continues Transformation• Jim Hackett, who has led Ford Motor Company's transformation since 2017 as president and CEO, has elected to retire from the company• Jim Fa mehr >> |
04.08.2020
Finance: American Honda Reports July Sales ResultsAcura car and truck sales gain in July to push brand up 2.5% for the month Honda HR-V posts 6.7% sales increase while CR-V tops 30,000 deliveriesAme mehr >> |
03.08.2020
Finance: Thomas Schäfer takes over as Chairman of the Board at SKODA AUTO with immediate effectIn this position, he succeeds Bernhard Maier, who is handing over the office to his successor after almost five years at the helm.Thomas Schäfer will assume the role of Chairman of the B mehr >> |
01.08.2020
Finance: EU-Vietnam trade agreement enters into forceThe EU-Vietnam trade agreement, the most comprehensive trade agreement the EU has concluded with a developing country, will apply as of today, 1 August. President of the European Commission, Ursula von der Leyen, said: “The European economy needs now every opportunity to restore its strength after the crisis triggered by the coronavirus. mehr >> |
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