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Future prospects secured for the Hambach plant: Mercedes-Benz AG sells passenger-car plant in Hambach, France to Ineos
08.12.2020
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| Secures employment with future-proof solutions at Hambach plant Mercedes-Benz AG sells plant to the British company INEOS Automotive Production of electric two-seat smart EQ models by INEOS Automotive will continue more >> |
Jens Brücker becomes new head of Porsche main factory
07.12.2020
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| Traditional plant in Zuffenhausen under new leadership
Change at the helm of Porsche’s main factory: On 18 November, Jens Brücker was appointed the new vice president of the traditional plant at the headquarters in Zuffenhausen (Germany). Brücker su more >> |
American Honda Reports November Sales Results
02.12.2020
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American Honda Total102,614 -23.4% Cars39,830 -26.9% Trucks62,784 -21% more >> |
Mercedes-Benz Bank offers insurance especially for electric vans
01.12.2020
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| Mercedes-Benz Bank is boosting the attractiveness of the transition to sustainable mobility with eVan insurance. The coverage has been adapted for electric vehicles so that the charging cable, wallbox, and battery are also covered, among other items. A 15 percent discount on the insurance premium is granted. more >> |
Kia Motors announces November global sales
01.12.2020
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| November global sales at 256,019 units, up 2% y/y Korea sales increased 3.9% to 50,523 units Sales outside of Korea climbed 1.6% to 205,496 units Kia expects strong sales momentum to continue with expanded SUV line-up more >> |
British engine production declines by a fifth in October
26.11.2020
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| UK ENGINE MANUFACTURING 197,374 UK engines built in October as output declines by -20.1%. Production for domestic and overseas markets falls -25.2% and -16.4% respectively. Year-to-date output remains down -30.1% as sector faces triple whammy of coronavirus, Brexit and 2030 end of sale more >> |
October UK car production down -18.2% as sector awaits critical Brexit deal
26.11.2020
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| UK CAR MANUFACTURING (data for October) UK car production falls -18.2% in October with 110,179 units leaving factory gates. Subdued demand from EU and US markets drives -19.1% exports decline, as output for UK buyers also falls. Year-to-date output lags by -33.8% with 379,30 more >> |
UK commercial vehicle production down -25.6% in October
26.11.2020
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| UK COMMERCIAL VEHICLE MANUFACTURING UK commercial vehicle production falls by -25.6% as 6,761 units leave factory gates in October. Production both for overseas and domestic markets in double digit decline as dual impact of Covid-19 and risk of ‘no deal’ Brexit bring down operator confidence. more >> |
The notices convening the General Meetings of Peugeot S.A. shareholders on January 4, 2021 have been filed in the official bulletin of legal notices
23.11.2020
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| The Managing Board of Peugeot S.A. has decided to convene an Extraordinary General Meeting of shareholders on Monday January 4, 2021 at 11 a.m. in order to approve the merger transaction with Fiat Chrysler Automobiles N.V. (“FCA”).A special meeting o more >> |
Approval of the prospectus relating to the listing of Stellantis shares
20.11.2020
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Groupe PSA and Fiat Chrysler Automobiles N.V. (“FCA”) (NYSE: FCAU / MTA: FCA) announced today that the Netherlands authority for the financial markets (Autoriteit Financiële Markten) has approved their prospectus relating to the admission to listing and trading in more >> |
Stephan Winkelmann named new President and CEO of Automobili Lamborghini
18.11.2020
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| Stephan Winkelmann returns to Automobili Lamborghini He will also remain President of Bugatti Winkelmann succeeds Stefano Domenicali more >> |
Nissan contributes - € 30 million for third quarter 2020 to Renault’s earnings
12.11.2020
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Nissan released today its results for the second quarter of fiscal year 2020/2021 (April 1st, 2020 to March 31th, 2021).Nissan’s results, published in Japanese accounting standards, for the second quarter of fiscal year 2020/2021 (July 1st to September 30t more >> |
UK auto counts £735 Million cost of Brexit preparation with final plea for zero-tariff trade deal as negotiations enter endgame
11.11.2020
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| UK auto industry issues last plea for UK-EU negotiators to agree a zero-tariff trade deal as talks enter the final stretch. New SMMT survey reveals at least £735 million cost to industry of preparing for Brexit so far, with more than £235 million spent in 2020 alone. Sector doing more >> |
UK used car market bounces back 4.4% in third quarter as more than 2 million change hands
11.11.2020
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| UK used car transactions grow 4.4% in Q3 as showrooms re-open, with 2,168,599 vehicles changing hands. Growth recorded in each month of the quarter, with September plate-change driving highest increase of 6.3%. Demand lifts across all fuel types, with biggest percentage growth enjoyed by electric ve more >> |
Harris Williams Advises Highline Aftermarket Holdings, LLC on its Sale to Pritzker Private Capital
10.11.2020
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| Harris Williams, a global investment bank specializing in M&A advisory services, announces that it advised Highline Aftermarket Holdings, LLC (Highline), a portfolio company of The Sterling Group (Sterling), on its sale to Pritzker Private Capital (PPC).
more >> |
Dutch funding set to boost UNCTAD’s work on e-commerce and the digital economy
05.11.2020
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| African e-commerce ambitions lifted by Dutch funding
Generous grant from the Netherlands will boost Africa-wide ambitions to benefit from e-commerce and provides concrete support to its least developed countries.Digita more >> |
BMW Group confirms outlook for 2020 – significantly improved performance in third quarter
04.11.2020
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| Zipse: “Third-quarter performance underlines BMW Group’s operational strength” - Peter: “We are in an intense cost competition” - Profit before tax in Q3 rises to approximately € 2.5 billion - Return on sales of 9.4% in Q3 - Free cash flow in Q3 exceeds € 3 billion - EBIT marg more >> |
American Honda Reports October Sales Results
03.11.2020
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Sales of Acura cars increased 9.1% in October, fueled primarily by robust sales of the TLX (up 8.1%) as the all-new 2021 model completed its first full month on the market Honda Passport sa more >> |
NIO Inc. Provides October 2020 Delivery Update
03.11.2020
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| Company Achieved New Record-High Monthly Deliveries
• NIO delivered 5,055 vehicles in October 2020, increasing by 100.1% year-over-year • NIO delivered 31, more >> |
Kia Motors announces October global sales
02.11.2020
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October global sales at 265,714 units, up 6.1% y/y Korea sales increased 1.8% to 48,009 units Sales outside of Korea climbed 7% to 217,705 units Kia expects strong sales momentum t more >> |
Goodyear Reports Third Quarter 2020 Results
31.10.2020
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| – Volume improved throughout the third quarter; total unit volume down 9% versus 2019– Third quarter working capital significantly better than expected; source of cash for the quarter– Cash and liquidity position maintained; $4.2 billion available at quarter end– Strong net cost savings in the third quarter, including ben more >> |
Skoda Auto achieves operating profit of 469 million euros in first three quarters of 2020
30.10.2020
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| ŠKODA AUTO delivers 721,900 vehicles to customers worldwide from January to September despite the coronavirus pandemic ŠKODA AUTO Group* sales revenue exceeds 12 billion euros in the first three quarters, with a return on sales of 3.9% Clearly positive operating profit of 469 million more >> |
Ducati records the best third quarter ever despite the complex global situation
30.10.2020
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| The third quarter closed with 14,694 total motorcycles delivered worldwide
A total of 4,468 motorcycles were delivered in September, of which the Panigale, Ducati Scrambler and Mul more >> |
Harris Williams Advises Parts Authority on its Sale of a Majority Interest to Kohlberg & Company, LLC
30.10.2020
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| Harris Williams, a global investment bank specializing in M&A advisory services, announces that it advised Parts Authority, a portfolio company of The Jordan Company (TJC), on its sale to Kohlberg & Company, LLC (Kohlberg).
Parts Authority is a more >> |
Volkswagen brand recovers from Covid-19 slump in third quarter and confirms outlook
30.10.2020
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| Third-quarter deliveries almost on a level with previous year; year-to-date decline of 18.6 percent Sales revenue of EUR 47.2 billion in the first nine months; rate of year-on-year decline has narrowed to –27.9 percent after three quarters Return to profitable territory in third quarter, nine-month operating result before special ite more >> |
Audi Group achieves breakeven thanks to strong third quarter - report
30.10.2020
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| Strong third quarter: deliveries and revenue up year-on-year, operating profit clearly positive
First nine months: 1.2 million Audi brand vehicles delivered, revenue of €33.3 more >> |
Porsche records operating result of two billion euros
30.10.2020
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| Success in uncertain times: 10.4 percent return on sales
In the first three quarters of 2020, Porsche generated an operating result of 2.0 billion euros despite the worldwide coronavirus pandemic. With revenue of 19.4 billion euros, more >> |
UK Car production falls -5.0% in worst September since 1995
30.10.2020
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| ... as industry issues plea for vital Brexit deal UK car manufacturing output falls -5.0% in September to 114,732 units – the lowest level for 25 years. Exports decline -9.7% to 8 more >> |
British engine production declines -2,4% in weakest September since 2014
30.10.2020
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| UK ENGINE MANUFACTURING data for September 2020 216,643 UK engines built in September as output declines -2.4%, marking worst September since 2014 1. Production for domestic and overseas markets fal more >> |
MITSUBISHI MOTORS Announces Production, Sales and Export Figures for September 2020 and First Half of Fiscal 2020
29.10.2020
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September 2020 Fiscal Year 2020 (20/4-20/9) Calendar Year 2020 (20/1-20/9) Volume(unit) YoY(%) Volume(unit) YoY(%) Volume(unit) YoY(%) more >> |
Groupe PSA announces the successful completion of the sale of part of its stake in Faurecia
29.10.2020
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| Groupe PSA announces the successful completion of the sale of part of its stake in Faurecia
IMPORTANT NOTICE By reading the following communi more >> |
Groupe PSA announces the launch of the sale of part of its stake in Faurecia
28.10.2020
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| Peugeot S.A. (“Groupe PSA”) launches today the sale of 9,663,000 Faurecia shares, representing approximately 7% of Faurecia’s share capital, further to the press release published by Groupe PSA earlier today relating to the merger process between Fiat Chrysler Automobiles N.V. (“FCA”) and Groupe PSA. more >> |
FCA and Groupe PSA Boards note continued progress towards merger completion and agree additional steps
28.10.2020
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| ...including in respect of Faurecia stake distribution to Stellantis shareholders Fiat Chrysler Automobiles N.V. (" FCA ") (NYSE : FCAU/MTA : FCA) and Peugeot S.A. (“Groupe PSA”) continue to advance towards the completion of their proposed combination more >> |
Groupe PSA Q3 2020 Auto revenue: back to growth
28.10.2020
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| • Automotive division[1] revenue up 1.2% at €12 billion driven by a recurring strong product mix and pricing policy;• Group revenue down 0.8% at €15.5 billion;• Success of recent launches with an increasing mix of electrified versions contributing to CO2 leadership;&b more >> |
UNCTAD - Global foreign direct investment falls 49%, outlook remains negative
27.10.2020
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| The biggest drops occurred in developed countries, cutting across all major forms of foreign direct investment.
Global foreign direct investment (FDI) flows fell 49% in the first half of 2020 compared to 2019, more >> |
Lexus records one million sales in Europe
26.10.2020
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| Landmark achievement falls in Lexus’ 30th anniversary year in Europe* Brand debuted with a single model in 1990 Today’s success founded on self-charging hybrid electric power, distinctive styling and industry-leading customer care and service more >> |
Kia Motors announces Q3 2020 business results
26.10.2020
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| Q3 revenue increased 8.2% Y/y to KRW 16.32 trillion
Global vehicle sales totaled 699,402 units in Q3, down 0.4% Y/y Q3 operating profit declined 33% to KRW 19 more >> |
Renault Group Revenues of €10,374 million in the third quarter of 2020
23.10.2020
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| Group revenues reached €10,374 million (-8.2%) in the quarter. At constant exchange rates and perimeter[1], the decrease would have been -3.2%. The Group sold 806,320 vehicles in the third quarter, down 6.1%. September showed a positive momentum, particularly marked in Europe, where Group&rsq more >> |
Karin Radström takes over management of Mercedes-Benz Trucks on 1 February 2021
22.10.2020
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| Karin Rådström will start her appointment as Member of the Board of Management, Daimler Truck AG, responsible for Mercedes-Benz Trucks, on 1 February 2021. Rådström most recently has been responsible for more >> |
