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Porsche SE: Total dividend payout of 952 million euros
13.03.2020
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| Dividend proposal 41 percent increase- 3.11 euros per priority share - Group profit after tax increases by 26.3 percent to 4.4 billion eurosThe Board of Management and Supervisory Board of Porsche Automobil Holding SE (Porsche SE), Stuttgart, are proposing to increase the dividend for fiscal 2019 by 41 percent to Euro 3.11 ( more >> |
BMW Group increases profitability and EBIT again in fourth quarter – targets for 2019 achieved
13.03.2020
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| Zipse: "Embracing transformation with confidence" - Profit before tax up significantly in fourth quarter - Group revenues exceed 100 billion euros for the first time - Quarter-on-quarter improvement in profitability in 2019 - Solid free cashflow at 2.6 billion euros - Revenues in fourth quarter at more >> |
Supervisory Board names Frank Weber to Board of Management of BMW AG
12.03.2020
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| 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” more >> |
Reorganization Businesss Infrastructure of the Entire Mitsubishi Motors Group
12.03.2020
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| 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 more >> |
Mitsubishi Motors Announces Top Management and Other Important Personnel Changes
11.03.2020
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| Mitsubishi Motors Corporation announced today the top management and other important personnel changes effective April 1, 2020. 1.Executive Officers more >> |
Volkswagen pays performance-related bonus of €4,950
11.03.2020
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| 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 more >> |
Louis Gallois will continue to serve as Chairman of the Peugeot S.A. Supervisory Board
11.03.2020
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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 more >> |
New management for BMW Bank GmbH -Kathrin Kerls takes over as Chair of Board of Management
06.03.2020
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| 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. more >> |
Coronavirus leads to nosedive in global vehicle sales with lowest January registrations since 2012, says GlobalData
04.03.2020
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| 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 more >> |
Kia Motors America Announces Record February Sales
03.03.2020
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| 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 more >> |
Record Truck Deliveries and Strong Car Sales Boost American Honda to February Records and 2020 Gains
03.03.2020
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| 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 more >> |
European Commission and cities and regions pledge closer cooperation to boost uptake of Free Trade Agreements
02.03.2020
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| 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 more >> |
Hyundai Motor Company appoints new head of Middle East and Africa region
02.03.2020
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| 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 more >> |
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 >> |
