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Top Story: Supervisory Board names Frank Weber to Board of Management of BMW AG

Klaus Fröhlich to step down from Board of Management at age 60 - Frank Weber will head Development division, effective July - Reithofer: “Competent successor to Klaus Fröhlich” -  Zipse: “Excellent addition to Board of Management” At its meeting today, the Supervisory Board of BMW AG appointed Frank Weber (53) as a new member of the Board of Management. Effective 1 July 2020, Weber will assume responsibility for the Development division, taking over from Kl mehr >>

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Supervisory Board names Frank Weber to Board of Management of BMW AG 12.03.2020

Finance: Supervisory Board names Frank Weber to Board of Management of BMW AG

Klaus Fröhlich to step down from Board of Management at age 60 - Frank Weber will head Development division, effective July - Reithofer: “Competent successor to Klaus Fröhlich” -  Zipse: “Excellent addition to Board of Management” mehr >>

Reorganization Businesss Infrastructure of the Entire Mitsubishi Motors Group 12.03.2020

Finance: Reorganization Businesss Infrastructure of the Entire Mitsubishi Motors Group

Reorganizes Domestic Sales Affiliates to Offer Customer First Services by Reinforcing the Business Infrastructure of the Entire Mitsubishi Motors GroupMitsubishi Motors Corporation (MMC) will r mehr >>

Mitsubishi Motors Announces Top Management and Other Important Personnel Changes 11.03.2020

Finance: Mitsubishi Motors Announces Top Management and Other Important Personnel Changes

Mitsubishi Motors Corporation announced today the top management and other important personnel changes effective April 1, 2020. 1.Executive Officers  mehr >>

11.03.2020

Finance: Volkswagen pays performance-related bonus of €4,950

CEO Dr. Herbert Diess and Works Council Chairman Bernd Osterloh praise team performance in 2019 For 2019, the employees of Volkswagen AG covered by collective bargaining agreements are to receive a performance-related bonus of €4,950 gross. The CEO of Volkswagen AG, Dr. Herbert Diess, and the Chairman of the General Works Council, Bernd Osterl mehr >>

Louis Gallois will continue to serve as Chairman of the Peugeot S.A. Supervisory Board 11.03.2020

Finance: Louis Gallois will continue to serve as Chairman of the Peugeot S.A. Supervisory Board

Further to the signing of the Combination Agreement between Groupe PSA and FCA on December 17, 2019, and in order to ensure continuity until the closing of the merger between the two companies, Louis Gallois has agreed, with the Supervisory Board members, that he will continue to serve as Chair mehr >>

New management for BMW Bank GmbH -Kathrin Kerls takes over as Chair of Board of Management 06.03.2020

Finance: New management for BMW Bank GmbH -Kathrin Kerls takes over as Chair of Board of Management

BMW Bank GmbH will appoint Kathrin Kerls as its new Chair of the Board of Management, effective 1 April 2020. The 51-year-old lawyer joins the company from UniCredit Bank AG, where she has worked since 2009. mehr >>

Coronavirus leads to nosedive in global vehicle sales with lowest January registrations since 2012, says GlobalData 04.03.2020

Finance: Coronavirus leads to nosedive in global vehicle sales with lowest January registrations since 2012, says GlobalData

Global light vehicle sales figures from the first month of 2020 should make for alarming reading. Just 6.2 million were sold in January, - the lowest monthly figure since January 2012, which saw 5.9 million units sold, according to GlobalData, a leading data and analytics company.Driving the drop in sales was the emergence in December 2019 of the coronavirus (COVID mehr >>

Kia Motors America Announces Record February Sales 03.03.2020

Finance: Kia Motors America Announces Record February Sales

Best-Ever February Sales of the Sportage SUV Leads Kia to a Twenty Percent Year-Over-Year IncreaseKia Motors America today announced record February sales of 52,177 vehicles, a 20-percent increase over the same period last year. Sales were led by the Fo mehr >>

Record Truck Deliveries and Strong Car Sales Boost American Honda to February Records and 2020 Gains 03.03.2020

Finance: Record Truck Deliveries and Strong Car Sales Boost American Honda to February Records and 2020 Gains

    American Honda trucks set new February record as both Honda and Acura Divisions set new benchmarks    American Honda sales were up 4.2%, with trucks gaining 6% and passenger cars up 2% for the month &n mehr >>

02.03.2020

Finance: European Commission and cities and regions pledge closer cooperation to boost uptake of Free Trade Agreements

Trade Commissioner Phil Hogan joined the members of the European Committee of the Regions' (CoR) commission for economic policy (ECON) on 2 March to discuss the opportunities and obstacles of implementing EU Free Trade Agreements (FTAs) on local and regional level. The ECON members also adopted their recommendations on the implementation of FTAs, t mehr >>

Hyundai Motor Company appoints new head of Middle East and Africa region 02.03.2020

Finance: Hyundai Motor Company appoints new head of Middle East and Africa region

Hyundai Motor Company has announced the appointment of Mr Bang Sun Jeong as its new vice president of the Middle East and Africa region. Based at Dubai's regional headquarters in the United Arab Emirates, Jeong will oversee the day-to-day operations and wil mehr >>

Kia Motors announces February global sales 02.03.2020

Finance: Kia Motors announces February global sales

Kia Motors Corporation today announced its February 2020 global sales results for passenger cars, recreational vehicles (RVs) and commercial vehicles, recording a total of 187,844 units sold, which represents a five percent decrease from February 2019.Compared to February 2019, the sales mehr >>

Wayne Griffiths, new Chairman of the Board of Directors of CUPRA 02.03.2020

Finance: Wayne Griffiths, new Chairman of the Board of Directors of CUPRA

The CUPRA Tribe continues to grow    The current CEO is now also the brand’s senior executive    CUPRA expands its team in order to achieve a turnover of one billion eurosWayne mehr >>

Volkswagen Group with positive business performance in 2019 28.02.2020

Finance: Volkswagen Group with positive business performance in 2019

 Sales revenue increases to EUR 252.6 billion (+7.1 percent) – operating profit before special items grows to EUR 19.3 billion (+12.8 percent)  Automotive Division: Net cash flow increases markedly to EUR 10.8 (-0.3) billion; net liquidity reaches EUR 21.3 (19.4) billion  Board of Management and Supervisory Board propose an mehr >>

Mitsubishi Motors Corporation Personnel Changes 28.02.2020

Finance: Mitsubishi Motors Corporation Personnel Changes

MITSUBISHI MOTORS CORPORATION (MMC) will make the following personnel changes as of March 1. Personnel Changes Effective March 1, 2020 Hiroshi N mehr >>

Mitsubishi Motors Announces Production, Sales and Export Figures for January 2020 27.02.2020

Finance: Mitsubishi Motors Announces Production, Sales and Export Figures for January 2020

January 2020     Fiscal Year 2019 (19/04-20/01)     Calendar Year 2020 (20/01-20/01) Volume     YoY(%)     Volume     YoY(%)     Volume &nbs mehr >>

Renault Retail Group presents its project to change scope between now and 2024 27.02.2020

Finance: Renault Retail Group presents its project to change scope between now and 2024

    Renault Retail Group (RRG) is planning to resize its business activities in France.    The project will involve the sale of ten dealerships to reliable and robust purchasers, safeguarding jobs.    The project will enable RRG to pursue its recovery and optimize future investments. mehr >>

Groupe PSA achieved a new profitability record in 2019 26.02.2020

Finance: Groupe PSA achieved a new profitability record in 2019

•    €74.7 billion Group revenue up 1%•    8.5% Group adjusted operating margin[1] at €6.3 billion•    8.5% Automotive division[2] adjusted operating margin up 0.9 pt at €5.0 billion•    Record net result Group share at €3.2 billion•&nb mehr >>

In 2019, Groupe PSA contributed €4.4 billion to France’s trade balance 25.02.2020

Finance: In 2019, Groupe PSA contributed €4.4 billion to France’s trade balance

•    A positive contributor for more than five years•    One-third of French automotive exports are Groupe PSA models•    The Group produces more vehicles in France than in any other country•    Fifteen models are manufactured in France, including high value-added mo mehr >>

Mercedes-Benz Bank sets records in 2019 24.02.2020

Finance: Mercedes-Benz Bank sets records in 2019

    New business with leasing and financing for Daimler vehicles grows to a new high of 13.3 billion euros in 2019.    Customer deposits increase to 11.9 billion euros.    Growth potential with hybrid and electric vehicles. mehr >>

Johnson’s no-deal threat ‘further cause for concern’ for UK auto industry, says GlobalData 24.02.2020

Finance: Johnson’s no-deal threat ‘further cause for concern’ for UK auto industry, says GlobalData

Ahead of the trade negotiations between the UK and EU next month, Prime Minister Boris Johnson has vowed to walk away from the table if political and legal sovereignty conditions are not met.A statement from Downing Street said: “The UK’s primary objec mehr >>

Porsche Ventures invests in US software company DSP Concepts 21.02.2020

Finance: Porsche Ventures invests in US software company DSP Concepts

Growth financing for audio specialists based in Silicon ValleyDSP Concepts team: 2nd ltr, Paul Beckmann (CTO), 3rd ltr, Chin Beckmann (CEO)Porsche has purchased a stake in Silicon Valley-based DSP Concepts, Inc. A tota mehr >>

Ford's European unit points the way for Ford turnaround, says GlobalData 21.02.2020

Finance: Ford's European unit points the way for Ford turnaround, says GlobalData

In an exclusive interview with GlobalData, Ford of Europe President Stuart Rowley outlined the unit’s strategy to move from operating at a loss to turning a profit.David Leggett, Automotive Editor at GlobalData, a leading data and analytics company, offers his mehr >>

Expert comment: Supply and demand problems growing for car makers as coronavirus hits Chinese sales 21.02.2020

Finance: Expert comment: Supply and demand problems growing for car makers as coronavirus hits Chinese sales

 Responding to reports that car sales have fallen 92 per cent in China, Christian Stadler, Professor of Strategic Leadership at Warwick Business School and an expert in the automotive industry, said: mehr >>

New record for BMW Group idea management – Employee proposals generate over 62 million € in savings 21.02.2020

Finance: New record for BMW Group idea management – Employee proposals generate over 62 million € in savings

- Top idea saves 39 million € in first year - Horstmeier: “Our employees make all the difference” Improvements proposed by BMW Group employees reached a new all-time high last year as part of the CRE8 ide mehr >>

Daimler optimizes decision-making processes and streamlines organizational structure 21.02.2020

Finance: Daimler optimizes decision-making processes and streamlines organizational structure

    The Board of Directors and the Supervisory Board of Daimler AG and Mercedes-Benz AG optimize Mercedes-Benz Cars’ development, operation and finance area by realigning the Company’s organizational structure. This reorganization will take effect on April 1, 2020. mehr >>

Abu Dhabi to host United Nations forum on investment and technology for sustainable development. 17.02.2020

Finance: Abu Dhabi to host United Nations forum on investment and technology for sustainable development.

World leaders, top CEOs to make global push for sustainable investmentGovernment leaders, global CEOs and other investment stakeholders will step up efforts to promote investment for sustainable mehr >>

Daimler reports full-year 2019 results 11.02.2020

Finance: Daimler reports full-year 2019 results

    Group unit sales of 3.34 million vehicles (2018: 3.35 million)    Revenue up 3% to €172.7 billion (2018: €167.4 billion)    Group EBIT of €4.3 billion (2018: €11.1 billion) mehr >>

10.02.2020

Finance: Ford Announces Senior Leadership Changes as Company Continues Transformation

•    Jim Farley becomes chief operating officer, reporting to president and CEO Jim Hackett, responsible for all global markets and automotive operations, Ford Smart Mobility and autonomous vehicles •    Hau Thai-Tang takes on an expanded role in delivering great products, services and experiences for Ford customers. He will cont mehr >>

Mitsubishi Motors South Africa announces soaring sales in shrinking market 07.02.2020

Finance: Mitsubishi Motors South Africa announces soaring sales in shrinking market

•    Retail sales for the 2019 calendar year up by 13.6%•    Latest Triton, new Eclipse Cross lead the way•    January 2020 dealer retail figures up by 31% vs 2019MITSUBISHI MOTORS mehr >>

Porsche Ventures invests in software start-up Nitrobox 04.02.2020

Finance: Porsche Ventures invests in software start-up Nitrobox

Hamburg-based company concludes financing round in the single-digit million range     Nitrobox founders: CEO Henner Heistermann and CTO Sven Grimminger (left to right)The software start-up Nitrobox Gm mehr >>

Honda Trucks Set Records, Acura Cars Rise for American Honda in January 03.02.2020

Finance: Honda Trucks Set Records, Acura Cars Rise for American Honda in January

    American Honda trucks set new January sales record    Honda brand trucks mark best January sales, rising 2.3%    Honda truck sales gains led by HR-V with new January record (up 25%) and Ridgeline (up 57%)    Acura brand car sales rise 6% as ILX climbs 16% and TLX gains 6% mehr >>

Change of management: Personnel changes at Daimler Trucks & Buses 03.02.2020

Finance: Change of management: Personnel changes at Daimler Trucks & Buses

    Ulrich Bastert, Head of Sales and Marketing at Daimler Buses, will be retiring in the middle of this year.    Philipp Schiemer, who is the current Head of Mercedes-Benz do Brasil Ltda., will be taking over his position starting on June 1st.    On May 1st, Karl Deppen will become the new Head of Me mehr >>

Kia Motors announces January global sales 03.02.2020

Finance: Kia Motors announces January global sales

Kia Motors Corporation has announced its January 2020 global sales results for passenger cars, recreational vehicles (RVs) and commercial vehicles, which saw 215,112 units sold, representing a 2.5 percent rise from January 2019.Sales in Korea decreased to 37,050 units fr mehr >>

Lexus announces global sales 2019 results 03.02.2020

Finance: Lexus announces global sales 2019 results

Global sales for January–December 2019 marked a new annual record high of 765,330 units (a 10% increase from the previous year). In addition to the well-received UX and redesigned ES, which were introduced in 2018, and the popular RX, which underw mehr >>

Mitsubishi Motors Responsibility Changes in Executive Officers 31.01.2020

Finance: Mitsubishi Motors Responsibility Changes in Executive Officers

Mitsubishi Motors Corporation (MMC) will make the following responsibility changes in the executive officers effective February 1, 2020. Effective February 1, 2020     mehr >>

Renault-Nissan-Mitsubishi further strenghtens the use of resources and investments 30.01.2020

Finance: Renault-Nissan-Mitsubishi further strenghtens the use of resources and investments

Renault-Nissan-Mitsubishi today outlined a new framework to further reinforce its business model and strengthen its management structure. All three companies reiterated that the Alliance is essential for strategic growth and enhance competitiveness for each company. mehr >>

Mitsubishi Motors Announces Production, Sales and Export Figures for December 2019 and Calendar Year 2019 30.01.2020

Finance: Mitsubishi Motors Announces Production, Sales and Export Figures for December 2019 and Calendar Year 2019

Mitsubishi Motors Production, Sales and Export Figures for December 2019 and Calendar Year 2019December2019     Fiscal Year 2019 (19/04-19/12)     Calendar Year 2019 (19/01-19/12) Volume(unit)     YoY(%)     Volume(unit)     YoY(%)     Volume(unit)     mehr >>

Appointment of Mr. Luca de Meo as Chief Executive Officer of Renault 28.01.2020

Finance: Appointment of Mr. Luca de Meo as Chief Executive Officer of Renault

Appointment of Mrs. Clotilde Delbos as Deputy Chief Executive Officer of Renault   Following the selection process led by the Governance and Compensation Committee, the Board of Directors, meeting today under the chairmanship of Mr. mehr >>

2019 sees production record for SKODA AUTO at its Czech plants 24.01.2020

Finance: 2019 sees production record for SKODA AUTO at its Czech plants

- More than 900,000 vehicles built in the Czech Republic in a single year for the first time, equating to an increase of 2.25 per cent compared to the previous year- Investments: ŠKODA AUTO has been consistently modernising its three Czech sites in line with Industry 4.0- 2025 Strategy: car manufacturer electrifies its model range and develops mehr >>

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