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Kia Motors announces February global sales
02.03.2020
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| 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 more >> |
Wayne Griffiths, new Chairman of the Board of Directors of CUPRA
02.03.2020
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| 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 more >> |
Volkswagen Group with positive business performance in 2019
28.02.2020
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| 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 more >> |
Mitsubishi Motors Corporation Personnel Changes
28.02.2020
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| MITSUBISHI MOTORS CORPORATION (MMC) will make the following personnel changes as of March 1. Personnel Changes Effective March 1, 2020 Hiroshi N more >> |
Mitsubishi Motors Announces Production, Sales and Export Figures for January 2020
27.02.2020
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| January 2020 Fiscal Year 2019 (19/04-20/01) Calendar Year 2020 (20/01-20/01) Volume YoY(%) Volume YoY(%) Volume &nbs more >> |
Renault Retail Group presents its project to change scope between now and 2024
27.02.2020
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| 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. more >> |
Groupe PSA achieved a new profitability record in 2019
26.02.2020
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| • €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 more >> |
In 2019, Groupe PSA contributed €4.4 billion to France’s trade balance
25.02.2020
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| • 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 more >> |
Mercedes-Benz Bank sets records in 2019
24.02.2020
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| 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. more >> |
Johnson’s no-deal threat ‘further cause for concern’ for UK auto industry, says GlobalData
24.02.2020
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| 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 more >> |
Porsche Ventures invests in US software company DSP Concepts
21.02.2020
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| 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 more >> |
Ford's European unit points the way for Ford turnaround, says GlobalData
21.02.2020
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| 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 more >> |
Expert comment: Supply and demand problems growing for car makers as coronavirus hits Chinese sales
21.02.2020
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| 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: more >> |
New record for BMW Group idea management – Employee proposals generate over 62 million € in savings
21.02.2020
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| - 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 more >> |
Daimler optimizes decision-making processes and streamlines organizational structure
21.02.2020
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| 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. more >> |
Abu Dhabi to host United Nations forum on investment and technology for sustainable development.
17.02.2020
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| 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 more >> |
Daimler reports full-year 2019 results
11.02.2020
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| 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) more >> |
Ford Announces Senior Leadership Changes as Company Continues Transformation
10.02.2020
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| • 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 more >> |
Mitsubishi Motors South Africa announces soaring sales in shrinking market
07.02.2020
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| • 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 more >> |
Porsche Ventures invests in software start-up Nitrobox
04.02.2020
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| 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 more >> |
Honda Trucks Set Records, Acura Cars Rise for American Honda in January
03.02.2020
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| 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% more >> |
Change of management: Personnel changes at Daimler Trucks & Buses
03.02.2020
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| 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 more >> |
Kia Motors announces January global sales
03.02.2020
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| 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 more >> |
Lexus announces global sales 2019 results
03.02.2020
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| 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 more >> |
Mitsubishi Motors Responsibility Changes in Executive Officers
31.01.2020
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| Mitsubishi Motors Corporation (MMC) will make the following responsibility changes in the executive officers effective February 1, 2020. Effective February 1, 2020 more >> |
Renault-Nissan-Mitsubishi further strenghtens the use of resources and investments
30.01.2020
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| 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. more >> |
Mitsubishi Motors Announces Production, Sales and Export Figures for December 2019 and Calendar Year 2019
30.01.2020
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| 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) more >> |
Appointment of Mr. Luca de Meo as Chief Executive Officer of Renault
28.01.2020
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| 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. more >> |
2019 sees production record for SKODA AUTO at its Czech plants
24.01.2020
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| - 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 more >> |
BMW i Ventures Announces Investment in Software Motor Company.
22.01.2020
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| BMW i Ventures announced today an investment in Software Motor Company (SMC) a Silicon Valley-based company developing the world’s most reliable, efficient and intelligent motor systems. The new funding will enable SMC to further scale its business and accelerate product development. “Electric motors are a massive, $10 more >> |
Daimler AG Preliminary results for the financial year 2019
22.01.2020
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| ...including anticipated additional expenses below earnings expectationsIn the financial year 2019, Daimler AG has achieved a preliminary Group EBIT of EUR 5.6 billion (financial year 2018: EUR 11.1 billion). Not included therein are anticipa more >> |
SEAT Martorell produces more than 500,000 cars in 2019
22.01.2020
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| Martorell increases output by 5.4% and consolidates itself as the factory that makes the most cars in Spain Global SEAT vehicle manufacturing goes up by 12.1% Production of the new Leon and more >> |
Kia Motors announces 2019 fourth-quarter business results
22.01.2020
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| Q4 2019 sales revenue at KRW 16.11 trillion, up 20% Y/y Quarterly operating profit at KRW 590.5 billion, up 55% Y/y Q4 net profit at KRW 346.4 billion, more than tripled from KRW 94.3 billion Global sales of 728,296 units vs. 738,915 in Q4 2018 Kia t more >> |
China weighed heavily on 2019 global light vehicle sales with further decline expected for 2020, says GlobalData
22.01.2020
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| In 2019, global light vehicle (LV) sales were at their lowest point since 2015, at 89.8 million, which was 4.8% down on 2018’s 94.3 million total. December’s sales of 8.15 million were 2.3% lower than in December 2018, according to GlobalData, a leading data and analytics company. more >> |
IMF Global Outlook
22.01.2020
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| Global growth is sluggish but tentatively stabilizing after two years of slowing, the IMF reported Monday (January 20) in its latest quarterly update to the World Economic Outlook report.“So we have seen tentative signs that global growth may be stabilizing at subdued levels. We are projecting growth to recover modestly from 2.9 percent in 2019 to more >> |
Groupe Renault worldwide sales results 2019
17.01.2020
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| Groupe Renault consolidates its positions in its core markets and maintains its global market share• Groupe Renault maintains a market share of 4.25% in a market down 4.8%. Sales volumes totaled 3.8 million vehicles, down 3.4%.• Over t more >> |
PSA GROUP - Worldwide sales at 3.5m units in 2019
16.01.2020
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| • Electrification on track: 10[1] new models launched as a first milestone toward a 100% electrified range by 2025• Solid position in Europe: 16.8% market share• International businesses focused on profitable growth and manufacturing footprint development
more >> |
UK electric vehicle unicorn Arrival receives €100M investment from Hyundai and Kia
16.01.2020
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| Hyundai and Kia invest €100M, making Arrival one of the UK’s largest unicorns Arrival, Hyundai and Kia will jointly develop vehicles using Arrival platforms and key technologies Arrival’s Generation 2 Electric Vehicles are a new category of electric vehicles that surpass tradition more >> |
LIQUI MOLY wächst trotz Problemen
15.01.2020
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| Softwareumstellung verhagelt das Jahresergebnis – dennoch Rekordumsatz Photo: LIQUI MOLY-Geschäftsführer Günter Hiermaier, Marketingleiter Peter Baumann, Geschäftsführer Ernst Prost (von links) sowie Alexandra Holzwarth (Assis more >> |
