Top Story: Personnel changes at Mercedes-Benz Cars

    Nicholas Speeks will become new CEO of Mercedes-Benz USA and Head of Sales NAFTA Mercedes-Benz Cars.    Jan Madeja will be Head of the Chinese sales company for passenger cars, Beijing Mercedes-Benz Sales Service.    Holger Suffel will become CEO of Mercedes-Benz Russia and Head of Sales Mercedes-Benz Cars Russia.Mercedes-Benz Cars appoints new sales management in China, USA and Russia. Nicholas Speeks (60), previously Head of sales in China, will mehr >>

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17.05.2019

Finance: Personnel changes at Mercedes-Benz Cars

    Nicholas Speeks will become new CEO of Mercedes-Benz USA and Head of Sales NAFTA Mercedes-Benz Cars.    Jan Madeja will be Head of the Chinese sales company for passenger cars, Beijing Mercedes-Benz Sales Service.    Holger Suffel will become CEO of Mercedes-Benz Russia and Head of Sales Mercedes-Benz C mehr >>

17.05.2019

Finance: Harris Williams Advises RANDYS Worldwide Automotive on its Sale to Tailwind Capital

Harris Williams, a global investment bank specializing in M&A advisory services, announces the sale of RANDYS Worldwide Automotive (RANDYS), a portfolio company of Linsalata Capital Partners, to Tailwind Capital (Tailwind). RANDYS is a leading supplier of highly engineered drivetrain products to the automotive aftermarket. The transaction, led by Joe mehr >>

Volkswagen delivers fewer vehicles in April 16.05.2019

Finance: Volkswagen delivers fewer vehicles in April

Brand delivers 487,400 vehicles throughout the world: 6.2 percent fewer than in April 2018     Deliveries rise in North America, Russia and Brazil     In China, Volkswagen wins market shares in an overall market that continues to shrink     Sales Board Member Jürgen Stackmann: “ mehr >>

14.05.2019

Finance: Nissan contributes -€56 million for first quarter 2019 to Renault’s earnings

Nissan released today its results for the fourth quarter of fiscal year 2018/2019 (April 1, 2018 to March 31, 2019). Nissan’s results, published in JGAAP, for the fourth quarter of fiscal year 2018/2019 (January 1st to March 31th, 2019), after IFRS restatements, will have a negative contribution to Renault’s first quarter 2019 net income mehr >>

14.05.2019

Finance: VW Shareholders formally approve actions of Board of Management and Supervisory Board and adopt resolution on increased dividend for 2018

At the Annual General Meeting 2019, the shareholders of Volkswagen Aktiengesellschaft voted by a majority of 99.98 percent to approve the recommendation of the Board of Management and the Supervisory Board to pay a dividend of 4.80 (3.90) EUR per ordinary share and 4.86 (3.96) EUR per preferred share for fiscal year 2018. Approximately 2.4 billion (2.0 billion) EUR will therefore be distributed mehr >>

13.05.2019

Finance: Volkswagen resumes preparations for IPO of TRATON SE

Board member responsible for Finance and IT, Frank Witter: “We have always clearly reiterated our intention to pursue an IPO.”    TRATON CEO Andreas Renschler: “Our groundwork has been excellent and we are now fully focused on a potential IPO.” Backed by approval from the Supervisory Board, mehr >>

Mercedes-Benz sells about 182,000 vehicles worldwide in April 10.05.2019

Finance: Mercedes-Benz sells about 182,000 vehicles worldwide in April

EQC Edition 1886 (combined electric energy consumption: 20.8 – 19.7 kWh/100 km; combined CO2 emissions: 0 g/km)*. *Electric energy consumption and range have been determined on the basis of Regulation (EC) No. 692/2008. Electric energy consumption and range depend on the vehicle configuration. mehr >>

BMW Group's operational performance on course 07.05.2019

Finance: BMW Group's operational performance on course

-  Recognition of provision for EU proceedings - Volume growth achieved despite prevailing sector trend – market share increased - Further rise in upfront expenditure for tomorrow’s mobility - Significant increase in Motorcycles segment EBIT - Good quarter for Financial Services segment - Electrified vehi mehr >>

AUDI AG: first quarter of 2019 still affected by adverse factors 03.05.2019

Finance: AUDI AG: first quarter of 2019 still affected by adverse factors

Audi Group: revenue of €13.8 billion; operating profit of €1.1 billion; operating return on sales of 8.0 percent        Key financials reflect deconsolidation of multi-brand import companies        CFO Alexander Seitz: “We are some distance away from our own targets and aim to make cons mehr >>

Kia Motors posts global sales of 227,773 units in April 02.05.2019

Finance: Kia Motors posts global sales of 227,773 units in April

Kia Motors Corporation announced 227,773 units of global sales for April 2019, a 5.3 percent decrease compared to same period last year. Kia’s best-selling model was the Sportage SUV, with 41,395 units sold globally in April. S mehr >>

The Volkswagen Group boosts sales revenue and earnings in the first quarter 2019 02.05.2019

Finance: The Volkswagen Group boosts sales revenue and earnings in the first quarter 2019

Volkswagen Group confirms 2019 targets for deliveries to customers, sales revenue and operating profit before special items    Deliveries to customers of the Volkswagen Group at 2.6 million vehicles (–2.8 percent)    Group sales revenue of EUR 60.0 billion exceeds prior-year figure by 3.1 percent    mehr >>

PwC welcomes Dr. Anil Khurana as the Global Industrial Manufacturing and Automotive Industry leader 29.04.2019

Finance: PwC welcomes Dr. Anil Khurana as the Global Industrial Manufacturing and Automotive Industry leader

PwC welcomes the appointment of Dr. Anil Khurana as the Global Industrial Manufacturing and Automotive (IM&A) Industry Leader, based in the US.  A leading industry expert, Dr. Anil has advised companies, investors, and governments in the US, Europe, Middle East, and Asia on a range of topics such as corporate strategy, financing, public policy, innovation, entrepreneurship, internation mehr >>

26.04.2019

Finance: Groupe Renault Revenues of €12.5 billion in the first quarter of 2019

    Group sales decreased by 5.6% to 908,348 vehicles in a global market down 7.2%.    Group revenues amounted to €12,527 million in the quarter (-4.8%). At constant exchange rates and perimeter[1], the decrease would have been 2.7%.    The Group confirms its guidance for the year.  mehr >>

Benedikt Schell to become the new CEO of Mercedes-Benz Bank AG 25.04.2019

Finance: Benedikt Schell to become the new CEO of Mercedes-Benz Bank AG

The Supervisory Board of Mercedes-Benz Bank AG has picked the successor for the CEO position. Franz Reiner (51), who will take over as chairman of Daimler Financial Services AG effective June 1, 2019, will be succeeded at the same time by Benedikt Schell (48) as the new CEO of Mercedes-Benz Bank. mehr >>

Mitsubishi Motors Philippines hits its One Million-Unit Sales in 2019 09.04.2019

Finance: Mitsubishi Motors Philippines hits its One Million-Unit Sales in 2019

Mitsubishi Motors Corporation (MMC) announced that Mitsubishi Motors Philippines Corporation (MMPC) hit its 1 million-unit sales milestone this year. The company has been logging various milestones in its historical books and this part mehr >>

05.04.2019

Finance: Williams Reports 2018 Annual Results

Williams Grand Prix Holdings PLC (WGPH, Ticker: WGF1) today announced the Group’s financial results for the year ended 31 December 2018. WGPH is the holding company of the Williams group of companies, which includes Williams Grand Prix Engineering Limited and Williams Advanced Engineering Limited.Group revenue increased in 2018 to £176.5m, from £166.2m mehr >>

04.04.2019

Finance: Compensation of Mr.Carlos Ghosn for the 2018 financial year

Following the resignation of Mr. Carlos Ghosn from his positions as Chairman of the Board of Directors and Chief Executive Officer on January 23, 2019, a meeting of the Board of Directors was held on April 3, 2019 to decide on the financial conditions of his departure.It is recalled that, on February 13, the Board of Directors had already waived Mr. Carlos Ghosn's non-co mehr >>

The brand has created a network of 210 CUPRA Corners 02.04.2019

Finance: The brand has created a network of 210 CUPRA Corners

   CUPRA has consolidated its structure by increasing its staff by 50%    Germany, Spain and the United Kingdom were its best performing markets in 2018    CUPRA has started 2019 by tripling sales and reaching 3,600 units sold mehr >>

New management at Volkswagen Group Components 27.03.2019

Finance: New management at Volkswagen Group Components

Heiner Lanze, new Head of Procurement    Frank Engel will in future be responsible for component activities in China    Christian Bleiel heads Component Production at ŠKODA    Andreas Salewsky becomes the new Head of the Salzgitter Plant mehr >>

Daimler AG planned new Group structure 22.03.2019

Finance: Daimler AG planned new Group structure

Supervisory Board and Board of Management of Daimler AG agree on future members of the Boards of Management and Supervisory Boards of Mercedes-Benz AG and Daimler Truck AG  &nb mehr >>

Erneute erfolgreiche Anleihenausgabe von Fastned 22.03.2019

Finance: Erneute erfolgreiche Anleihenausgabe von Fastned

Schnellladeunternehmen nimmt mehr als 10 Millionen Euro für den Ausbau des europäischen Schnellladennetzwerks auf. Fastned - das Ladeunternehmen, welches ein europäisches Netz von Schnellladestationen aufbaut - hat durch die Em mehr >>

BMW Group sets strategic course for future 20.03.2019

Finance: BMW Group sets strategic course for future

Krüger: "Systematically working to ensure operational excellence" - Operating efficiency: Performance > NEXT offers potential efficiencies in excess of € 12 billion by 2022 -  Upfront expenditure expected to remain high -  New structure for sales divisions -  EBIT margin of 8 to 10 per cent remains ambitio mehr >>

Porsche rewards employees for a highly successful 2018 20.03.2019

Finance: Porsche rewards employees for a highly successful 2018

€9,700 bonus for Porsche employeesProfit-sharing at Porsche: After a record 2018 financial year for revenue, profits, and deliveries, a special bonus of up to €9.700 before tax is being paid to employees of the sports car manufacturer. This rewa mehr >>

Porsche in 2018: Inspiration, facts and figures 19.03.2019

Finance: Porsche in 2018: Inspiration, facts and figures

New Annual and Sustainability Report featuring the work of star photographer Martin SchoellerPorsche AG is publishing its latest Annual and Sustainability Report to coincide with the announcement of its annual results. Economic, ecological mehr >>

Thierry Koskas appointed Senior Vice-President, Sales & Marketing at Groupe PSA 18.03.2019

Finance: Thierry Koskas appointed Senior Vice-President, Sales & Marketing at Groupe PSA

Thierry Koskas has been appointed Senior Vice-President, Sales & Marketing at Groupe PSA, effective 26 March 2019. He will report to Carlos Tavares, Chairman of the Managing Board.The role of the Sales & Marketing Department is to boost the Group’s c mehr >>

BMW Group sets strategic course under challenging conditions 15.03.2019

Finance: BMW Group sets strategic course under challenging conditions

Second-highest Group profit to date achieved -  EBT margin above target of 10 per cent -  Record research and development expenditure - More than ten new electrified models lined up -  EBIT margin in Automotive segment above 7 per cent - Second-highest dividend proposed - mehr >>

A strong year for Porsche: in pole position for electromobility 15.03.2019

Finance: A strong year for Porsche: in pole position for electromobility

Financial year 2018Success in a time of transformation: In the 2018 financial year, Porsche AG achieved new records for operating profit, sales revenue, deliveries, and headcount. The company’s operating profit grew by around 4% compared with the same period in mehr >>

Automobili Lamborghini reaches record highs in all key business figures 2018 14.03.2019

Finance: Automobili Lamborghini reaches record highs in all key business figures 2018

•    Turnover grows by 40% to 1.42 billion Euro•    Worldwide sales increase by 51% from 3,815 to 5,750 units•    Sustained, profitable growth path evidenced•    New Super SUV adding sales momentum to super sports cars,record sales performance across all regions: EMEA, Ame mehr >>

Audi accelerates its realignment - After significant adverse factors in 2018 financial year 14.03.2019

Finance: Audi accelerates its realignment - After significant adverse factors in 2018 financial year

Operating profit before special items falls to €4.7 billion; Operating return on sales before special items of 7.9 percent        Financial base confirmed: €2.1 billion net cash flow; €20.4 billion net liquidity        Board of Management to reveal new strategy at 2019 Annual General Mee mehr >>

SEAT achieves the highest operating profit in its history 14.03.2019

Finance: SEAT achieves the highest operating profit in its history

    The carmaker earns 254 million euros in 2018, an increase of 33.4%    Turnover exceeds 10 billion euros and sets a new record    SEAT employees will receive an extra payment of 1,068 euros mehr >>

Volkswagen brand steps up pace of transformation 13.03.2019

Finance: Volkswagen brand steps up pace of transformation

2019 is key year: electric offensive set for launch, significant efficiency increases planned    Earnings improvement program to make sustained €5.9 billion contribution from 2023    Investment from 2019 to 2023 mehr >>

VW delivers fewer vehicles but gains market shares 13.03.2019

Finance: VW delivers fewer vehicles but gains market shares

In February, worldwide deliveries fall by 2.2 percent compared with the previous year to 398,100 vehicles     Volkswagen wins market shares throughout the world in a shrinking overall market     Deliveries up in Germany, Europe and South America, and down in North America     Market share mehr >>

Volkswagen Group brands deliver a solid performance 12.03.2019

Finance: Volkswagen Group brands deliver a solid performance

Volkswagen Passenger Cars brand delivers a record number of vehicles – earnings down, inter alia as a consequence of the changeover to WLTP    Audi turns in a solid performance despite WLTP challenges – Porsche, ŠKODA and SEAT post new records in deliveries to customers    Bentley and Volkswagen Commercial Vehicl mehr >>

11.03.2019

Finance: Electronic components drive renewed growth in trade, in technology goods in 2017

* Internet of Things propels exponential growth* The Republic of Korea becomes the second largest world exporter of information and communications technology goods, behind ChinaDemand for electronic components used in Internet-of-Things (IoT) devices drove the value of trade in international imports of information and communications tec mehr >>

PWC : New York, London and Hong Kong expected to remain as top listing destinations in 2030 11.03.2019

Finance: PWC : New York, London and Hong Kong expected to remain as top listing destinations in 2030

•    Exchanges in developed markets are proving to be resilient, benefitting from their recognised liquidity and stability•    Companies from China and India expected to dominate issuance in 2030, although growth of exchanges in mehr >>

BMW Group delivers over 171,000 vehicles in February 08.03.2019

Finance: BMW Group delivers over 171,000 vehicles in February

- New BMW 3 Series sedan arriving in showrooms in March -  BMW i3 sales increase 20% in first two months of year Following sales growth in January, with the model changeover of the company’s bes mehr >>

05.03.2019

Finance: Volkswagen to pay performance-related bonus of €4,750

Human Resources Board Member Kilian and Works Council Chairman Osterloh praise team performance     For employees covered by collective bargaining agreements, bonus for 2018 rises by €650 compared with 2017 For 2018, the employees of Volkswagen AG covered by collective bargaining agreements are to receive mehr >>

Kia Motors posts global sales of 197,647 vehicles in February 04.03.2019

Finance: Kia Motors posts global sales of 197,647 vehicles in February

Kia Motors Corporation announced February 2019 global sales figures for passenger cars, recreational vehicles (RVs) and commercial vehicles, recording a total of 197,647 units sold, which represents a 0.1 percent year-on-year increase. Kia’s best-selling model in global markets in February was Sportage SUV with 39,844 units sold. mehr >>

Acura Sales Climb 11% as American Honda Posts Strong February Results 01.03.2019

Finance: Acura Sales Climb 11% as American Honda Posts Strong February Results

    Acura brand trucks set new February mark as RDX also gets record and MDX rises in double digits    Honda HR-V sets February sales record, its best month since a June 2018 flood strapped supplies mehr >>

28.02.2019

Finance: BMW i Ventures Announces Investment in Züm.

BMW i Ventures announced today an investment in Zūm, the leading provider of safe and reliable student transportation for school districts and working families. The company, which celebrates its fourth birthday this month, aims to become the world’s safest and largest child transportation provider.“Zūm has proven itself as a force to be reckoned wit mehr >>

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