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Yanmar Acquires Majority Ownership in Battery Technology Company ELEO
04.04.2022
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| Yanmar Holdings Co., Ltd., a privately held multi-billion dollar multinational company headquartered in Osaka, Japan, today officially announced it has acquired a majority share in ELEO Technologies B.V., a fast-growing battery technology company based in Helmond, the Netherlands. more >> |
American Honda Posts Strong March Sales with Slight Improvement in Product Supply
02.04.2022
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| American Honda sales near 110,000 units, best since August 2021, on improved supply and sustained demand
Honda sets new monthly record for electrified vehicles on strong sales of CR-V Hybrid and Accord Hybrid HR-V scored a 14th straight monthly sales record as March sales more >> |
Stellantis Signs Binding Agreements with European Financing Partners
02.04.2022
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| After having entered into exclusive negotiations on December 17, 2021, Stellantis N.V. today announced the signing of binding agreements with BNP Paribas Personal Finance (“BNPP PF”), Crédit Agricole Consumer Financ more >> |
Kia announces March 2022 global sales results
01.04.2022
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| March global sales at 250,646 units, down 0.9% y/y Sales outside of Korea recorded 205,580 units, up 1.8% y/y Sales in Korea recorded 45,066 units, down 11.7% y/y Kia to continue creating sales momentum and enhancing profitability through new models, such as the all-new Nir more >> |
BMW Financial Services North America Appoints New CEO
01.04.2022
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| BMW Financial Services NA, LLC announced today that Birgit Boehm would succeed Stefan Richman as the CEO of BMW Group Financial Services in the U.S. and Region Americas, effective April 1. more >> |
Global automakers earmark nearly US$600bn for EVs over next decade, finds GlobalData
01.04.2022
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| Aggressive emission and carbon neutrality targets set by regulators worldwide entails a faster transition from traditional automakers to next-gen electric vehicle (EV) manufacturers. Therefore, automakers are committing operational investments of nearly US$600bn more >> |
Goodyear Ventures expands portfolio with Nova Labs investment to advance connected mobility on the helium network
31.03.2022
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| The Goodyear Tire & Rubber Company announced that its venture capital arm, Goodyear Ventures, has added Nova Labs, formerly Helium Inc., to its growing investment portfolio.Nova Labs is the pioneer of dec more >> |
Suzuki Motor to fortify Indian presence with new EV investments, observes GlobalData
21.03.2022
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| Following the news that Suzuki Motor plans to invest INR104.4bn (US$1.37bn) in its Indian factory to produce electric vehicles (EVs) and batteries;Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: more >> |
SAIC joins league of global automakers with US$43bn investment in next-gen mobility, observes GlobalData
15.03.2022
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| Following the news that Chinese automaker SAIC Motor plans to invest US$43bn in advanced technologies through 2025;Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “The move comes as a m more >> |
BMW Group acquires the ALPINA brand - Expanding the portfolio
10.03.2022
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| - Pieter Nota: “Top-quality car cachet” - Long-term future of ALPINA brand secured - Andreas Bovensiepen: “This marks the beginning of a new chapter for ALPINA and BOVENSIEPEN” - Existing cooperation agreement expires at end of 2025 - New direction at Buchloe site more >> |
BMW Group Investing More Than $200 Million to Add New Press Shop at South Carolina Plant
03.03.2022
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| - Press Shop Will Add More Than 200 Jobs - Three-Year Construction Project Will Start Production in 2024 BMW Group will invest more than $200 million to construct a 219,000 square foot press shop at its South Caro more >> |
Supply Issues and Winter Storm Landon Constrain American Honda February Sales Momentum
01.03.2022
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| Multiple supply issues and Winter Storm Landon disrupt progress in improving vehicle inventory
Customer demand remains strong with nearly 60% of vehicles en route to dealers pre-sold more >> |
Authentic Brands Group Finalizes the Acquisition of Reebok
01.03.2022
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| Authentic Brands Group (ABG) today announced that it has completed the acquisition of Reebok from adidas. As it ushers in its largest acquisition to date, the global brand development, marketing and entertainment company is charting a new path for Reebok.&ldquo more >> |
Laurent David is appointed Senior Vice President, Controller, Renault Group
28.02.2022
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| As of March 1, 2022, Laurent David, currently Chief Financial Officer for Dacia and Lada brands, has been appointed Senior Vice President, Controller, Renault Group. He becomes a member of Renault Group Corporate Management Committee and will report to Thierry Piéton, Chief Financial Officer, Renault Group. more >> |
Stellantis Employees Benefit from Company’s 2021 First Full Year Financial Results
24.02.2022
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| In all countries where Stellantis is present, employees1 benefit from the Company’s results in first year €1.9 billion redistributed, €770 million more than the cumulative amount redistributed last year by each of the previous legacy companies, representing 70% increase more >> |
Stellantis Full Year 2021 Results
24.02.2022
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| Stellantis Posts Record Results in its First Year with 11.8% AOI Margin(1)(2) and €13.4 Billion Net Profit(1), on a Pro Forma basis Net revenues (1) of €152 billion, up 14% Adjusted operating more >> |
Renault Group exceeds its 2021 targets and accelerates its Renaulution strategy
19.02.2022
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| 2021 financial outlook largely exceeded: 2021 operating margin: 3.6% (vs. operating margin outlook of the same order as H1 2021 ie 2.8%) reaching, 2 years ahead of schedule, the Renaulution objective of an operating margin above 3% in 2023 &n more >> |
Goodyear to participate in Wolfe Research Virtual Investor Conference
19.02.2022
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| The Goodyear Tire & Rubber Company said it will participate in a fireside chat during Wolfe Research’s 2022 Global Auto, Auto Tech and Mobility Conference on Feb. 24, 2022, at 3:50 p.m. EST.
Rod Lache, managing director at Wolfe Resea more >> |
Thierry Piéton appointed Chief Financial Officer of Renault Group
19.02.2022
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| As of March 1st, 2022, Thierry Piéton, currently Deputy Chief Financial Officer and Controller, is appointed Chief Financial Officer of Renault Group. He becomes a member of the Board of Management (BOM) of Renault Group and will report to Luca de Meo, CEO of Renault Group. more >> |
Audi achieves milestone - New production site for electric models in China
17.02.2022
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| Planning and approval stage completed: Construction on new e-car plant in Changchun to begin; completion by the end of 2024 CEO Markus Duesmann: “Central role in the Four Rings’ electrification strategy in China” Production of PPE-based electric cars f more >> |
Goodyear reports fourth quarter, full-year 2021 results
12.02.2022
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| Net sales growth of 38% compared with the fourth quarter of 2020, 12% growth excluding the Cooper Tire transactionFourth quarter Goodyear net income of $553 million; adjusted net income of $162 millionMerger-adjusted segment operating income of $398 million, up 32% compared to the fourth quarter of 2020Continu more >> |
Goodyear to participate in virtual fireside chat hosted by Deutsche Bank
12.02.2022
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| The Goodyear Tire & Rubber Company said today it will participate in a fireside chat hosted by Deutsche Bank on Feb. 14, 2022, at 2 p.m. EST.Emmanuel Rosner will host Darren R. Wells, executive vice president and chief financial officer, in a post-earnings vir more >> |
Porsche acquires stake in Fazua and plans joint ventures with Ponooc
10.02.2022
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| Sports car manufacturer expands involvement in e-bike marketPorsche is further expanding its involvement in the rapidly growing market for e-bikes. The Stuttgart based sports car manufacturer acquires a stake in Fazua, an innovative manufacturer of e-bike drive sy more >> |
Kia announces January 2022 global sales results
05.02.2022
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| January global sales at 212,819 units, down 5.7% y/y Sales in Korea recorded 37,038 units, down 10.7% y/y Sales outside of Korea recorded 175,781 units, down 4.6% y/y Kia to accelerate transition to sustainable mobility solutions provider and create sales more >> |
Porsche further expands online vehicle sales
03.02.2022
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| 94 per cent of global dealers with digital marketplaceYet another e-commerce milestone for Porsche: the number of markets offering online vehicle searches has recently hit 100 around the globe – and in 26 of these, cars can be ordered online too. In Canada, Porsche's own vehicle search was even introduced as the exclusive marketing platform for new more >> |
Automobilist obtains further investment from entrepreneur Karel Komarek
02.02.2022
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| The automotive and motorsport hub start-up sees Komárek's share increase to 50%Entrepreneur Karel Komárek has increased his share in the company Automobilist, and now holds a 50% share. This company is a renowned creator of automotive and motor more >> |
Executive Personnel Change: Stefanie Wurst succeeds Bernd Körber as Head of MINI
01.02.2022
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| As of February 1st 2022, Stefanie Wurst takes over the management of the MINI brand. Her predecessor Bernd Körber will now head BMW Product Management and the Connected Company. Strategic further development of the British premium brand with a focus on new markets and target groups as well as electromobility and digitalization will be consistently continued. more >> |
Record Low Inventory Stifles American Honda Sales Results in January
01.02.2022
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| Anticipate inventory to improve as February progresses, but supply situation remains fluid HR-V and Passport top Honda SUVs with new January sales records; 12th consecutive monthly mark for HR-V Acura SUVs top 4,400 units in January; strong pre-sale interest in MDX limited only by supply more >> |
Renault Nissan Mitsubishi alliance to strengthen EV position with new investments in APAC, observes GlobalData
28.01.2022
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| Renault-Nissan-Mitsubishi alliance is set to increase investments in electric vehicles (EVs) and launch 30 BEVs by 2030 across five common platforms. The investments in shared platforms and standardization of batteries across models will help the three brands to achieve economies of scale and enhance their competitive position in the global EV market. This allian more >> |
Heinz-Jürgen Löw appointed SVP Renault Brand LCV
25.01.2022
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| Renault announces the arrival of Heinz-Jürgen Löw as Senior Vice-President, Renault Brand Light Commercial Vehicle, as of February 2022. He is a member of Renault Brand Management Co more >> |
Stellantis Completes Investment Round in Factorial, Further Accelerating Electrification Push
21.01.2022
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| Investment is part of Joint Development Agreement announced in November 2021, together with other investors Funding will help scale global commercialization of Factorial’s solid-state battery technology that is robust and offers greater driving range than today’s lithium-ion technology more >> |
Stellantis invest in Stimcar to support its development, strengthening circular economy initiatives
21.01.2022
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| - Stellantis takes a majority of Stimcar’s capital, via Stellantis &You, Sales and Services- Trust to founders, management autonomy and continuity of service- Stellantis &You, Sa more >> |
In 2021 BMW Motorrad achieves the best sales result in its history with an increase of 14.8 percent.
20.01.2022
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| 194.261 BMW motorcycles and scooters were delivered to customers worldwide.BMW Motorrad finished the year with a record sales result despite major challenges. With 194,261 units (+14.8%), 2021 was the best year since BMW Motorrad was founded (previous yea more >> |
Opel Increases Market Share in Western Europe in 2021
19.01.2022
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| Strong overall performance in home market of Germany Opel Corsa best-selling small car in Germany Vauxhall Corsa best-selling car in UK, Vauxhall number one e-LCV brand more >> |
Alpine on the rise in 2021
18.01.2022
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| In the first year after announcing the Renaulution strategic plan, Alpine announced very strong growth in sales volume: +74%, with 2659 units sold in 2021. In France, Alpine recorded a boost in sales of over 117%. Alpine continues to develop internationally, with almost half of sales coming more >> |
Renault takes up the challenge of electrification and higher value business
18.01.2022
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| Renault delivers its rapid shift in the electrified market and strengthens its position in Europe. The E-Tech (EV and hybrid* powertrains) range represents 30% of Renault passenger cars sales in Europe in 2021 (vs 17% in 2020). In Europe, Renault is 3rd brand in the EV PC market, and ZOE ranks 2nd model. more >> |
Dacia accelerates into the top three of 2021 European retail sales for the first time ever
18.01.2022
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| DACIA grew by 3% in 2021, with sales reaching 537,095, in a market tainted by the pandemic and the electronic component crisis The brand experienced strong growth in the passenger car market for private customers where it reached a record-breaking market share of 6.2%, resulting in DACIA placing in the top three of European re more >> |
Appointment of Mr. Mike Wetherell as Regional CEO of BMW Group, Financial Services for Asia Pacific
17.01.2022
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| The BMW Group has appointed Mr. Mike Wetherell as the Regional Chief Executive Officer of Financial Services for its Asia Pacific operations effective 1 January 2022. Mr. Wetherell is based in Singapore and replaces Ms. more >> |
Sales figures for the MINI Electric almost doubled
17.01.2022
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| - MINI brand sales up 3.3 percent in 2021.British premium brand records 302 144 new registrations worldwide and a huge electric boom. Fully electric MINI Cooper SE becomes the best-selling model variant. Almost every fourth MINI Countryman hit the road with a p more >> |
