Top Story: Porsche set to invest 15 billion euros in the future of mobility over the next five years

Robust despite coronavirus: 1.2 billion euros operating profit in the first halfAfter a challenging first half of 2020, Porsche AG achieved a return on sales of 9.9 per cent. The sales revenue of 12.42 billion euros is 7.3 percent down on the previous year; the return on sales of 1.23 billion euros fell by 26.3 percent compared to 2019. The good performance compared to the competition is based on an extensive programme to improve the break-even point as well as the successful new Porsche product mehr >>

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Porsche set to invest 15 billion euros in the future of mobility over the next five years 31.07.2020

Finance: Porsche set to invest 15 billion euros in the future of mobility over the next five years

Robust despite coronavirus: 1.2 billion euros operating profit in the first halfAfter a challenging first half of 2020, Porsche AG achieved a return on sales of 9.9 per cent. The sales revenue of 12.42 billion euros is 7.3 percent down on the previous year; the return o mehr >>

UK Car production down -42,8% in first half as sector sheds more than 11,000 jobs amid Coronavirus crisis 31.07.2020

Finance: UK Car production down -42,8% in first half as sector sheds more than 11,000 jobs amid Coronavirus crisis

    UK car manufacturing output declines -48.2% in June with 56,594 units produced, rounding off weakest six months since 1954.    Factories turn out just 381,357 cars in the year-to-date, down -42.8% on 2019 – a decline of more than 285,000 units.    11,349 jobs already cut across manufacturing mehr >>

British Engine Manufacturing down -38.8% in first half of 2020 31.07.2020

Finance: British Engine Manufacturing down -38.8% in first half of 2020

UK Engine MANUFACTURING (data for June)    UK engine production falls -38.8% in first half to 814,957 units.    Demand from home and international markets down -32.4% and -42.3% respectively. mehr >>

UK commercial vehicle production grows in June but fails to offset Covid impact as first half output falls -24,8% 31.07.2020

Finance: UK commercial vehicle production grows in June but fails to offset Covid impact as first half output falls -24,8%

UK Commercial Vehicle MANUFACTURING (data for June)    British CV manufacturing grows 23.9% in June, as new model uplift reverses heavy losses in 2019.    Production for home market rises 25.0%, with exports also up, by 22.7%.    Positive month fails to offset Covid-19 impact, as overall half-ye mehr >>

Renault Group Financal results for the 1st half of 2020 30.07.2020

Finance: Renault Group Financal results for the 1st half of 2020

 FINANCIAL RESULTS FOR THE 1st HALF OF 2020The health crisis and the results of associated companies mainly explain the half-year loss.    In the context of the health crisis, Group sales fell by 34.9% in the first half (1.26 mil mehr >>

Volkswagen Group measures reduce the effects of Covid-19 in the first half of the year 30.07.2020

Finance: Volkswagen Group measures reduce the effects of Covid-19 in the first half of the year

 Operating result before special items falls to EUR –0.8 (10.0) billion; in the other operating result, the fair value measurement of derivatives to which hedge accounting is not applied (in particular commodity hedges) and exchange rate effects of EUR –0.9 billion are virtually offset by a non-cash gain of EUR 0.8 billion on the contribution of AID into the auton mehr >>

MITSUBISHI MOTORS Announces Production, Sales and Export Figures for June 2020 and First Half of Calendar Year 2020 30.07.2020

Finance: MITSUBISHI MOTORS Announces Production, Sales and Export Figures for June 2020 and First Half of Calendar Year 2020

2020     Fiscal Year 2020 (20/4-20/6)     Calendar Year 2020 (20/1-20/6) Volume(unit)     YoY(%)     Volume(unit)     YoY(%)     Volume(unit)     YoY(%)Production &nbs mehr >>

28.07.2020

Finance: BMW i Ventures Invests in GenXComm to Increase Speed and Lower Cost of 5G Rollout.

BMW i Ventures announced today an investment in GenXComm, a company with ground-breaking technology that improves the performance and capacity of communication networks, and aims to significantly increase the speed of global 5G deployment. “GenXComm is ushering in the next revolution of computing and connectivity,” said Marcus Behrendt, partner, BMW i Ventures. mehr >>

Mitsubishi Motors announces Small but Beautiful mid-term business plan with renewed focus in Africa 28.07.2020

Finance: Mitsubishi Motors announces Small but Beautiful mid-term business plan with renewed focus in Africa

Mitsubishi Motors Corporation (MMC) announced its three-year mid-term business plan (from fiscal 2020 to 2022), called Small but Beautiful, to concentrate its management resources on its core regions and technologies, including Africa.The mid-term mehr >>

Groupe PSA remains profitable in H1 2020 despite Covid 28.07.2020

Finance: Groupe PSA remains profitable in H1 2020 despite Covid

•    €25.1 billion Group revenue   •    3.7% Automotive division[1] adjusted operating margin[2] at €731 million•    Net result group share at €595 million mehr >>

MITSUBISHI MOTORS Announces Large-Scale Investment in Mizushima Plant to Manufacture New Electric Kei-cars 28.07.2020

Finance: MITSUBISHI MOTORS Announces Large-Scale Investment in Mizushima Plant to Manufacture New Electric Kei-cars

MITSUBISHI MOTORS CORPORATION (MMC) today announced that it will invest for production of new electric Kei-cars at Mizushima Plant in Kurashiki city, Okayama Prefecture starting from August 2020. This investment will be approximatel mehr >>

MITSUBISHI MOTORS Announces Its Mid-Term Business Plan 28.07.2020

Finance: MITSUBISHI MOTORS Announces Its Mid-Term Business Plan

... Small but Beautiful, to Achieve Cost Rationalization and Profitability Enhancement for Sustainable GrowthMITSUBISHI MOTORS CORPORATION (MMC) today  its three-year mid-term business plan (from fiscal 2020 to 2022), Small but Beautiful, to concent mehr >>

Daimler reports second-quarter 2020 results 23.07.2020

Finance: Daimler reports second-quarter 2020 results

    Revenue of €30.2 billion (Q2 2019: €42.7 billion)    Positive industrial free cash flow of €685 million (Q2 2019: minus €1,302 million)    Industrial net liquidity of €9.5 billion (end of Q1 2020: €9.3 billion)    Adjusted EBIT of minus €708 million (Q2 mehr >>

Kia Motors announces Q2 2020 business results 23.07.2020

Finance: Kia Motors announces Q2 2020 business results

    Global vehicle sales totaled 516,050 units in Q2, down 27.8% y/y    Q2 sales revenue of KRW 11.37 trillion, down 21.6% y/y,     Q2 operating profit at KRW 145.1 billion, down 72.8% y/y    Global economic activity and auto demand affected by COVID-19 pandemic    mehr >>

Dr Christian Vollmer - New Production Board Member for Volkswagen Passenger Cars brand 21.07.2020

Finance: Dr Christian Vollmer - New Production Board Member for Volkswagen Passenger Cars brand

Dr. Christian Vollmer to be new Production Board Member of Volkswagen Passenger Cars brand  To succeed Dr. Andreas Tostmann, who has moved to MAN as CEO Dr. Christian Vollme mehr >>

Groupe Renault Worldwide sales results 1st half 2020 20.07.2020

Finance: Groupe Renault Worldwide sales results 1st half 2020

    With the Covid-19 pandemic context, Groupe Renault sold 1,256,658 vehicles in the first half, with a strong commercial recovery in June. The Renault brand was thus the number one brand in Europe in June.    On the elect mehr >>

Porsche delivers 116,964 vehicles in the first half year 17.07.2020

Finance: Porsche delivers 116,964 vehicles in the first half year

Positive trends in Asia     In the first six months of 2020, Porsche supplied a total of 116,964 cars to customers worldwide. The coronavirus crisis and the resulting closures of Porsche Centres over a period of several weeks resulted in a mehr >>

Groupe PSA Worldwide sales at 1 Million units in the first semester 16.07.2020

Finance: Groupe PSA Worldwide sales at 1 Million units in the first semester

•    Global sales almost doubled in June versus May, in the context of the coronavirus crisis•    Electrification of the PC and LCV range at high pace: 13  new models launched since beginning of 2019 and one innovative mobility solution with Citroën Ami•    The Group is among mehr >>

STELLANTIS  The name of the new group resulting from the merger of FCA and Groupe PSA 15.07.2020

Finance: STELLANTIS The name of the new group resulting from the merger of FCA and Groupe PSA

In a major step as they move towards the completion of their 50:50 merger as defined in the Combination Agreement announced on 18 December 2019, Peugeot S.A. ("Groupe PSA") and Fiat Chrysler Automobiles N.V. ("FCA") (NYSE: FCAU / MTA: FCA) today announce that the corporate name of the new group will be  STELLANTIS mehr >>

Cyrille Moreau appointed Groupe PSA director B to B 11.07.2020

Finance: Cyrille Moreau appointed Groupe PSA director B to B

    Cyrille Moreau will lead the Group's B to B sales and marketing operations    He will be attached to the Sales and Marketing department.  &nbs mehr >>

Ismaeel Hassen appointed CEO of FCA South Africa 10.07.2020

Finance: Ismaeel Hassen appointed CEO of FCA South Africa

As part of a restructure across some African markets, Fiat Chrysler Automobiles (FCA) is pleased to announce the appointment of Ismaeel Hassen as CEO for South Africa. Out-going CEO, Pierre Martin Bos will now head up Morocco."The global mehr >>

Daimler shareholders support strategic direction with vast majority 09.07.2020

Finance: Daimler shareholders support strategic direction with vast majority

    Shareholders approved all items on the agenda at the virtual Annual Meeting    Actions of the members of the Board of Management ratified with 96.60% of the votes cast    Actions of the membe mehr >>

SEAT invests in its future with 5 billion euros by 2025 09.07.2020

Finance: SEAT invests in its future with 5 billion euros by 2025

    Planned investment of 5 billion euros by 2025 will be allocated to R&D projects to develop new models and to equipment and facilities, with the aim of taking on new projects specially to electrify the range    The co mehr >>

Leadership change at SKODA AUTO 09.07.2020

Finance: Leadership change at SKODA AUTO

› Former CEO Bernhard Maier ends many years of successful work at ŠKODA AUTO› Successor will be elected in accordance with Czech law and subsequently announced at the first Board meeting of mehr >>

BMW of North America Reports Q2 2020 Sales Results 02.07.2020

Finance: BMW of North America Reports Q2 2020 Sales Results

BMW of North America announced Q2 2020 sales results for the BMW and MINI brands in the U.S.  For the sales period ending June 30, 2020, BMW brand sales totaled 50,957 vehicles, a decrease of 39.3% vs the 83,976 vehicles sold in the same time period last year.*  MINI brand sales totaled 5,288 vehicles, a decrease of 41.5% vs the 9,044 vehicles sold in the first quarter of 2019.* mehr >>

American Honda Sales Continue Recovery, Despite Inventory Issues and COVID-19 Business Challenges 02.07.2020

Finance: American Honda Sales Continue Recovery, Despite Inventory Issues and COVID-19 Business Challenges

Steady sales reflect good demand while variable supplies limit potentialQ2      American Honda         Total 293,502 -27.9%Cars 122,665 -34.5%Truc mehr >>

Groupe PSA becomes a major player in connected car insurance 01.07.2020

Finance: Groupe PSA becomes a major player in connected car insurance

•    A pioneer in connected vehicles, Groupe PSA uses on-board technology to enable an innovative insurance option that works remotely.•    With its Connected Insurance option, PSA Assurance motivates policyholders to drive respons mehr >>

Christian Müller appointed new Head of Powertrain & Chassis Engineering for the Group 01.07.2020

Finance: Christian Müller appointed new Head of Powertrain & Chassis Engineering for the Group

•    Christian Müller, current Opel R&D chief, succeeds Alain Raposo at Groupe PSA level with the same responsibilities•    Marcus Lott to follow Christian Müller as Vice President Opel/Vauxhall Engineering  mehr >>

Mitsubishi Motors announces production,sales and export figures for May 2020 29.06.2020

Finance: Mitsubishi Motors announces production,sales and export figures for May 2020

May 2020     Fiscal Year 2020 (20/4-20/5)     Calendar Year 2020 (20/1-20/5) Volume     YoY(%)     Volume     YoY(%)     Volume     YoY(%)Production    mehr >>

UK car production falls -95.4% in May as sector begins to restart 27.06.2020

Finance: UK car production falls -95.4% in May as sector begins to restart

    British car production falls -95.4% in May with plants either closed or restarting at reduced capacity.    Just 5,314 units roll off production lines as social distancing measures and market lockdowns restrict output.    Year-to-date UK factories turn out 324,763 cars, down -41.7% on 2019. mehr >>

UK Engine production down by -75% in May as manufacturing emerges from lockdown 27.06.2020

Finance: UK Engine production down by -75% in May as manufacturing emerges from lockdown

UK ENGINE MANUFACTURING (data for May 2020)    UK Auto builds 55,836 engines in May – skyrocketing from just 830 in April, but still down -75.0% on last year.    Dedicated support needed to a mehr >>

UK Commercial vehicle production down -61,6% im May as some factories stay closed 27.06.2020

Finance: UK Commercial vehicle production down -61,6% im May as some factories stay closed

    810 commercial vehicles built in May, down -61.6% as many plants remain shuttered amid coronavirus lockdown.    Year-to-date production down -29.8%, compared with an already low volume May in 2019 amid key model changeovers.1    Production for both home and overseas markets falls, down -60.3% and mehr >>

PSA Groupe - 2020 Combined General Meeting of shareholders 25.06.2020

Finance: PSA Groupe - 2020 Combined General Meeting of shareholders

Combined General Meeting of shareholders on June 25, 2020 The Annual General Meeting of Peugeot S.A. shareholders was held on Thursday, June 25, under the chairmanship of Louis Gall mehr >>

AUDI AG announces new date for Annual General Meeting 24.06.2020

Finance: AUDI AG announces new date for Annual General Meeting

   The 131st Annual General Meeting of AUDI AG will be held on July 31, 2020.        The shareholders’ meeting will take place as a virtual Annual General Meeting due to the corona pandemic.        CFO Arno Antlitz: “The health and protection of the shareholders have priorit mehr >>

Fastned issues new bonds with 6% interest 24.06.2020

Finance: Fastned issues new bonds with 6% interest

This morning, fast charging company Fastned has started subscription to a new series of bonds. Similar to previous issues the bonds have a maturity of 5 years and pay out 6% interest per year. The interest is paid out per quarter in arrears. The bonds are 1000 euro apiece. mehr >>

UK Auto calls for restart support as Covid crisis threatens one in six jobs 24.06.2020

Finance: UK Auto calls for restart support as Covid crisis threatens one in six jobs

    UK auto industry calls for dedicated restart package to save jobs and pave the way for recovery.    New SMMT survey reveals a third of workforce still on furlough with up to one in six jobs at risk.    ‘Turbocharged’ Brexit negotiations needed to deliver a comprehensive zero-tariff FTA mehr >>

Hyundai Motor, Kia Motors and LG Chem Launch Global Competition to Invest in EV and Battery Start-ups 22.06.2020

Finance: Hyundai Motor, Kia Motors and LG Chem Launch Global Competition to Invest in EV and Battery Start-ups

    “EV & Battery Challenge” (EVBC) is a global competition to identify up to 10 electric vehicle and battery start-ups for potential investment and collaboration    Selected start-ups will have the opportunity to work hand-in-hand with Hyundai, Kia and LG Chem on core technologies that will bring more value to custom mehr >>

Green Finance Framework marks the next milestone of Daimler’s sustainable business strategy 20.06.2020

Finance: Green Finance Framework marks the next milestone of Daimler’s sustainable business strategy

    Green Finance Framework lays foundation for a broad range of sustainable finance instruments such as green bonds and green loans    Daimler meets the increasing investor demand for sustainable investments and open mehr >>

EU Commission opens in-depth investigation into the proposed merger of PSA and FCA 20.06.2020

Finance: EU Commission opens in-depth investigation into the proposed merger of PSA and FCA

The European Commission has opened an in-depth investigation to assess the proposed merger of automotive companies Fiat Chrysler Automobiles N.V. (“FCA”) and Peugeot S.A. (“PSA”) under the EU Merger Regulation. The Commission is concerned that the pro mehr >>

Klaus Rehkugler to take over as Head of Sales & Marketing at Mercedes-Benz Vans on 01 August 2020 20.06.2020

Finance: Klaus Rehkugler to take over as Head of Sales & Marketing at Mercedes-Benz Vans on 01 August 2020

Klaus Rehkugler (52) will take over as Head of Sales & Marketing at Mercedes-Benz Vans on 01 August 2020 and will report directly to the Head of Mercedes-Benz Vans, Marcus Breitschwerdt. At present Rehkugler is Head of Sales Operations and Marketing for the Region Europe at Mercedes-Benz Cars. He will take over from Klaus Maier (58), who will leave the company at the end of June at his own mehr >>

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