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Top Story: Strategic decisions strengthen Audi’s China business and model series management |
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| Markus Duesmann assumes responsibility for China Audi organizes management of vehicle projects in separate Board of Management division Audi CEO: “Realignment strengthens the vehicle-project business and the strategic importance of the model series” This Thursday, the Supervisory Board of AUDI AG decided on further structural changes, thus strengthening the premium brand’s vehicle-project business. A newly cr mehr >> |
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19.06.2020
Finance: Strategic decisions strengthen Audi’s China business and model series managementMarkus Duesmann assumes responsibility for China Audi organizes management of vehicle projects in separate Board of Management division Audi CEO: “Realignment strengthens the vehicle-project business and the strategic importance of the model series” mehr >> |
15.06.2020
Finance: Management changes at Mercedes-AMG High Performance PowertrainsA new senior leadership structure to tackle the challenges of the future Hywel Thomas, Adam Allsopp, Richard Stevens and Ronald Ballhaus to guide the company Andy Cowell will support the transition and a major future project of Mercedes-Benz AG mehr >> |
13.06.2020
Finance: FLA: Government needs to act now to support non-bank lenders as forbearance requests reach over 1.6 millionThe Finance & Leasing Association continues to call for the Government and the Bank of England to take immediate action to support the non-bank lending market, as new FLA figures released today show that the number of Covid-19 related requests for forbearance reached 1,623,000 in the twelve weeks to 29 May 2020. Of that total, 88% had been granted by the end of that period. mehr >> |
11.06.2020
Finance: UNCTAD - Global trade set to plunge further due to Covid-19International trade in goods is expected to decline significantly in the coming months due to the coronavirus pandemic, according to the first edition of UNCTAD’s new quarterly newsletter entitled mehr >> |
11.06.2020
Finance: MINI Easy Finance now available in Singapore.MINI Asia and Eurokars Habitat jointly today announced the introduction of MINI Easy Finance – the easiest way to be a part of the MINI community in Singapore. From as low as $128 a month, customers can enjoy the signature go-kart handling of a MINI with more flexibility than ever before in their payment plan. mehr >> |
09.06.2020
Finance: Change to SKODA AUTO Board of Management› ŠKODA AUTO appoints Karsten Schnake as its new Board Member for Purchasing› Predecessor Dieter Seemann steps down as part of an early retirement schemeKar mehr >> |
09.06.2020
Finance: EU Commission approves acquisition of joint control of newly created joint venture between Société Générale and MitsubishiThe European Commission has approved under the EU Merger Regulation the acquisition of joint control of a newly created joint venture by ALD, controlled by Société Générale, both based in France, and Mitsubishi, based in Japan. mehr >> |
08.06.2020
Finance: Ralf Brandstätter to lead Volkswagen core brand in futureStrengthening of the Group and brand management functions Ralf Brandstätter appointed CEO of the Volkswagen brand The Volkswagen Group is reassigning respon mehr >> |
08.06.2020
Finance: Sales release for the new Mercedes-AMG GLA models: Compact performance SUV now available to orderThe new compact performance SUVs from Mercedes-AMG are now available to order. Prices range from 54,204.50 euros to 68,365.50 euros. The all-rounders encompass a performance spectrum from 225 kW (306 hp) to 310 kW (421 hp) and command a wide range of disciplines with assurance ‑ on the racetrack and in everyday use. mehr >> |
06.06.2020
Finance: SMMT statement on automotive job cutsMike Hawes, SMMT Chief Executive: “It has been a black week for UK Automotive with devastating job cuts across retail and manufacturing coming hard on the heels of earlier losses. Whilst the industry is fundamentally strong and agile, it is not invincible. Global industries are challenged and we need to ensure the UK has in place a comprehensive strategy mehr >> |
05.06.2020
Finance: Volkswagen expands executive committee of Supervisory BoardDr. Hans Michel Piëch and Bertina Murkovic are now members of the Executive Committee of the Supervisory Board of Volkswagen AGThe Supervisory Board of Volkswagen Aktiengesellschaft has added two further members to its Executive Committee, taking membership to eight. This was announced by the Company’s Supervisory Board on F mehr >> |
04.06.2020
Finance: NIO Inc. Provides May 2020 Delivery UpdateDelivered 3,436 vehicles in May 2020, achieving record-high monthly deliveries NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s premium smart electric vehicle market, today provided its May 2020 delivery results. mehr >> |
03.06.2020
Finance: Volvo Cars reports global sales of 44,830 cars in MayVolvo Cars sold 44,830 cars in May, down 25.5 per cent compared with the same month last year, as sales and showroom traffic trends in Europe improved and sales in China continued to grow.In mehr >> |
03.06.2020
Finance: Groupe Renault announces the finalization of a €5 billion credit facility agreement with a guarantee of the French StateGroupe Renault announces the finalization of a credit facility agreement with a banking pool, for a maximum total amount of €5 billion benefiting from a guarantee of the French State. This credit facility, which may be drawn in whole or in part, will help mehr >> |
03.06.2020
Finance: Honda and Acura Show Renewed Sales Strength in MayAmerican Honda Total 120,977 -16.9% Cars 51,169 -24.6%Trucks 69,808 -10.1%ACURATotal 10,341 -23.7%&n mehr >> |
01.06.2020
Finance: Kia Motors announces global sales for May 2020Sales in May total 160,913 units, down 32.7 percent y/y Domestic sales increase 19 percent y/y, to 51,181 units Overseas sales declined 44 percent y/y, to 109,732 units Kia Motors Corpor mehr >> |
30.05.2020
Finance: UK Car manufacturing plummets -99.7% in April as coronavirus stops productionUK CAR MANUFACTURING (data for April) British car production falls -99.7% in April with 197 units made as coronavirus pandemic closes factories. Car makers instead turn out more than 700,000 pieces of PPE, including fac mehr >> |
29.05.2020
Finance: Groupe Renault presents its draft plan to reduce fixed costs by more than 2 billion Euros over three yearsThe objective of reducing fixed costs by more than 2 billion euros over 3 years aims to restore the Group's competitiveness and ensure its long-term development within the framework of the Alliance.The draft plan is based on the efficiency of operations withi mehr >> |
28.05.2020
Finance: Nissan cuts 3.000 jobs in BarcelonaProduction capacities will be reduced by 20 percent worldwide to 5.4 million cars per year The Japanese car manufacturer Nissan which was already struggling before the coronavirus crisis, is cutting its production output by 20 percent to around 5.4 million vehicles per year in response to the drop in demand. As a result, sev mehr >> |
27.05.2020
Finance: Alliance new cooperation business model to support member-company competitiveness and profitabilityAlliance partners to leverage leader-follower scheme to enhance efficiency and competitiveness in products and technologies. Individual members to be reference for the regions where they have key strengths, acting as a gateway and support mechanism for partners’ competitiveness. Allia mehr >> |
27.05.2020
Finance: VW South Africa resumes production and exports• Uitenhage plant restarts production in line with Level 4 lockdown regulations• 100-point plan implemented to protect employees on siteFollowing a gradual ramp-up of its local production, the Volkswagen Group South Africa (VWSA) plant in Uitenhage has resumed its manufacturing operations. mehr >> |
26.05.2020
Finance: Groupe PSA welcomes the support plan to the automotive sector of French governmentThe Group highlights in particular the following initiatives:• The introduction of the purchase bonus for plug-in petrol hybrid vehicles at € 2,000: Groupe PSA produce these vehicles in France, in Sochaux, Mulhouse and Rennes mehr >> |
20.05.2020
Finance: Jaguar Land Rover special vehicle operations reports fiscal 2019/20 retail sales growthStrong demand for its widest-ever range of SV models drives Jaguar Land Rover’s Special Vehicle Operations division to record sales for the 2019/20 fiscal year Special Vehicle Operations re mehr >> |
20.05.2020
Finance: The Annual General Shareholders Meeting of Peugeot S.A. will be held on June 25, 2020 behind closed doorsGiven the state of health emergency linked to the Covid-19 epidemic, the Managing Board of Peugeot S.A., in agreement with the Supervisory Board, decided, pursuant to ordinance n° 2020-321 of March 25, 2020, to convene the Annual General Sh mehr >> |
19.05.2020
Finance: Mitsubishi Motors Corporation announcement regarding candidates for directorsMITSUBISHI MOTORS CORPORATION (MMC) announces that the company's Nomination Committee today resolved nomination of the candidates for directors to be proposed to the Ordinary General Meeting of Shareholders scheduled in June 2020, and mehr >> |
15.05.2020
Finance: Mazda closes fiscal year with stable European salesEurope closes fiscal year as Mazda’s second-largest sales region Forecast for the 2021 fiscal year undecided as business environment remains uncertainThe Mazda Motor Corporation today announced mehr >> |
15.05.2020
Finance: Norbert Reithofer re-elected Chairman of BMW AG Supervisory BoardAnke Schäferkordt takes over Renate Köcher’s seatThe current Chairman of the Supervisory Board of BMW AG, Dr.-Ing. Norbert Reithofer, has been re-elected to the Supervisory Board for a mandate period of five years at today’s Annual General mehr >> |
14.05.2020
Finance: BMW Group: Learning from crises, mastering challengesHistoric flashback to celebrate the 100th Annual General Meeting of the BMW Group. Since its establishment more than 100 years ago, the company has always generated new impetus from overcoming particularly difficult situations. Innovative strength and courage, mehr >> |
14.05.2020
Finance: Joint PSA-FCA releaseThe board of directors of Fiat Chrysler Automobiles N.V. (“FCA”) (NYSE: FCAU / MTA: FCA) and the managing board of Peugeot S.A. (“Groupe PSA”) each today decided not to distribute an ordinary dividend in 2020 related to fiscal year 2019, in light of mehr >> |
13.05.2020
Finance: KIA Motors Europe outlines plans for EV sales growthBattery EVs account for 6 per cent of Kia’s total European sales in Q1 2020 Kia to offer 11 EVs by 2025 globally, across a range of vehicle segments Dedicated new EV to launch in Europe in 2021, offering long driving range, crossover design, new platform, and rapid-charging capability mehr >> |
12.05.2020
Finance: UK used car market down -8.3% in Q1 2020 to 1.8 million as Coronavirus hits March transactionsSMMT USED CAR SALES12 May 2020 (data for Q1 2020) UK used car market falls -8.3% in Q1 2020 to 1.8 million transactions as coronavirus hits. Solid growth in January and February wiped out by st mehr >> |
06.05.2020
Finance: NIO Inc. Provides April 2020 Delivery Update• Delivered 3,155 vehicles in April 2020• Delivered 6,993 vehicles in 2020 in total• Cumulative deliveries of ES8 and ES6 reached 38,906 NIO Inc. (“NIO” or the “Company”) (NYSE: NIO mehr >> |
06.05.2020
Finance: BMW Group plans for various scenarios and can react swiftly to new developmentsLiquidity remains at high level – investments prioritised - Q1 EBIT up due to high provision recorded in previous year- BMW Group updates outlook for Automotive segment EBIT - Q1: Product mix and pricing policy underpin revenues - Production to be ramped up according to demand - Firm co mehr >> |
06.05.2020
Finance: Kia Motors announces April global salesApril sales totaled 134,216 units, down 41.1 percent y/y Sales in Korea increased 19.9 percent y/y to 50,361 units Sales outside of Korea declined 54.9 percent y/y to 83,855 units Kia mehr >> |
06.05.2020
Finance: BMW AG updates guidance for financial year 2020The Board of Management of BMW AG has decided today to update its guidance for the financial year 2020.The decisive factor for the adjustment is that the measures to contain the corona virus pandemic are lasting longer in several markets and are thus leading to a broader negative impact than was foreseeable in mid-March.It is therefore apparent that delivery volumes in these markets will mehr >> |
04.05.2020
Finance: SKODA AUTO’s first-quarter results impacted by Covid-19 pandemic› The Covid-19 pandemic affected ŠKODA AUTO’s business development in the first quarter of 2020› ŠKODA delivers 232,900 vehicles (-24.3%) to customers worldwide in the first quarter of 2020› Sales revenue in the first quarter of 2020 down 1.4% year-on-year› Operating profit falls by 25% year-on-year to 3 mehr >> |
02.05.2020
Finance: Corona pandemic: AUDI AG takes stock after difficult first quarterVolumes and key financials significantly impacted by regulatory and economic consequences of corona crisis Lockdowns and closed dealerships worldwide: Audi delivered 352,993 cars to customers in a difficult first quarter Revenue of €12.5 billion, operating return on sales of 0.1 perc mehr >> |
02.05.2020
Finance: American Honda Reports April Auto Sales as Difficult Market Conditions Begin to EaseAmerican Honda sales fall 54% in April due to continued impact of COVID-19 pandemicAmerican Honda Total 57,751 -54.1%Cars 25,610 -55.4%Trucks 32,141 -53.0% HONDATotal 52,705 -53.8%Cars 24,049 -55.5%Trucks 28,656 -52.3 mehr >> |
01.05.2020
Finance: Kia Motors America Announces April SalesDemand for Kia’s Lineup of Capable SUVs Remains StrongKia Motors America today announced April sales of 31,705 vehicles, led by the Optima and Sorento models.“Despite these uncertain times, Kia continued to outperform the i mehr >> |
01.05.2020
Finance: Finimpact - Small Business Survival Guide to Combat COVID-19SMBs Survival Guide: Best 8 Financial Tools to Combat COVID-19By Daniel Lewisdownload here mehr >> |
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