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Ample opportunities for utilities willing to invest in EV infrastructure, says GlobalData
06.12.2022
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| The rise of electric vehicles (EVs) will bring about both enormous opportunities and challenges for the power industry. With planned investments and policies, the utilities will be able to serve new markets. Utilities should collaborate with EV manufacturers to bo more >> |
BMW Group partners with THACO to start local production in Chu Lai, Quang Nam Province, Vietnam
05.12.2022
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| - Strategy: production follows market - Vietnam important growth market for BMW Group Asia - Local production of BMW 3 and 5 Series as well as BMW X3 and X5 BMW Group is excited to partner with Tru more >> |
Norma Clayton elected to Goodyear Board of Directors
02.12.2022
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| The Goodyear Tire & Rubber Company today announced the election of Norma B. Clayton to its Board of Directors, effective Nov. 28, 2022. “We are very pleased to w more >> |
The Little Car Company launches Series B funding as it expands production and workforce
01.12.2022
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| ...following surging global demand• The Little Car Company has commenced its Series B funding round as it scales up to meet unprecedented demand • Momentum rapidly accelerating a more >> |
American Honda November sales totaled nearly 80,000 units
01.12.2022
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| Honda crossovers lead the way with all-new CR-V sales of almost 20,000 units and all-new HR-V over 9,000 units, logging its best month since June
All-new Pilot goes on-sale in December and is alr more >> |
Hyundai Motor Group Announces 2022 Key Executive Appointments
01.12.2022
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| Hyundai Motor Group to bolster future business competitiveness and better manage global economic uncertainties through the appointments Chief Creative Officer (CCO) Luc Donckerwolke promoted to a president to enhance the Group’s efforts on brand communication leveraging creative contents &nbs more >> |
Stellantis Reaches Agreement with Santander Brasil to Boost Value Creation
30.11.2022
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Stellantis N.V. and Banco Santander (Brasil) S.A. have agreed to reorganize their automotive financing partnership in Brazil. The contract signed with Banco Santander Brasil S.A. includes: more >> |
Mercedes-Benz Feature Podcast Future Dimensions #3 – what if we grew homes from mushrooms?
26.11.2022
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| Houses made of mushrooms and textiles grown organically? The third episode of "Future Dimensions" focuses on how we can harness the power of innovative materials to change the way we deal with our resources.As part of the episode, host Ricard more >> |
Mercedes-Benz issues its first Green Panda Bond expanding sustainable finance in China
26.11.2022
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| Mercedes-Benz is the first automaker to issue a Green Panda Bond: With a two year term and an annual coupon of 2.9%, the bond is 3.1 times oversubscribed Panda bond as another example of expanding regional footprint in sustainable finance in line with Mercedes Benz Ambition 2039 Mercedes-Ben more >> |
Ed Ditmire Joins Stellantis as Head of Investor Relations
16.11.2022
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| Stellantis N.V. today announced that Ed Ditmire has joined the company as Head of Investor Relations, reporting to Richard Palmer, Chief Financial Officer, effective Dec. 1, 2022. Andrea Bandinelli will take on a new position within Stellantis to be announced later.&ld more >> |
Tesla’s Q3 2022 R&D Spend per Car of $2131 Is the Lowest of Any Quarter
14.11.2022
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| No automaker has matched Tesla’s R&D since its inception in research and development. However, an analysis from StockApps.com shows Tesla’s expenditure on R&D per vehicle has reduced. Tesla spent the lowest amount of $2131 per car in R&D in Q3 2022. more >> |
American Honda October Sales Continue Sales Momentum with Best Results in Six Months
01.11.2022
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| American Honda October sales top 81,000 units, best monthly performance since April despite ongoing supply and transportation issues
Acura sales top 9,000 units for best month since more >> |
Kia America Announces Record October Sales
01.11.2022
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| October sales up 3.9-percent over previous record set in October 2020 Sales of Kia’s electrified models increase 101-percent year-over-yearKia America announced record October sales of 58 more >> |
GAC-FCA Joint Venture to File for Bankruptcy
31.10.2022
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The shareholders of the GAC-FCA Joint Venture, Guangzhou Automobile Group Co., Ltd. and Stellantis N.V., have approved a resolution authorizing the Joint Venture to file for bankruptcy, in a loss-making context. Stellantis fully impaired the value o more >> |
Mercedes-Benz posts robust Q3 profit in a demanding environment
26.10.2022
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| Profitable growth: Group revenue increased 19% to €37.7 billion in Q3; EBIT up 83% to €2 billion compared to Q3 2021 Resilience at work: Mercedes-Benz Cars adjusted Return on Sales (RoS) in Q3 reaches 14.5% (Q3 2021: 8.8%); Mercedes-Benz Vans adjusted Return on Sales at 12.7% (Q3 2021: 5.3%)&n more >> |
Kia announces 3Q 2022 business results
25.10.2022
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| 3Q revenue at KRW 23. 2 trillion, up 30.5% year-on-year 3Q operating profit at KRW 768 billion; net profit 459 billion 3Q global sales totaled 752,104 units, up 9.9% year-on-year with the easing supply conditions 3Q operating profit margin stayed at 3.3% d more >> |
Goodyear to announce third quarter 2022 financial results
19.10.2022
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The Goodyear Tire & Rubber Company will report third quarter 2022 financial results after market close on Monday, Oct. 31, followed by an investor conference call at 8 a.m. EDT on Tuesday, Nov. 1.The Company will publish its results u more >> |
Porsche - Deliveries up in first nine months
14.10.2022
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| The iconic sports car, the 911, continues to rise in popularity.• Worldwide deliveries total 221,512 in the first three quarters of the year• Gain of 2 per cent compared to the sa more >> |
Toyota Motor Europe’s market share climbs to a record 7.5% in first 9 months, +0.8% points year-on-year
14.10.2022
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| · Toyota brand maintains its second place as best-selling passenger car brand in Europe(1)· Toyota Motor Europe (TME) continues to outperform the market with sales of 813,547 vehicles· Record sales of Toyota and Lexus multi-technology electrified line-up, which now repres more >> |
Dynamic growth in e-mobility: BMW Group doubles sales of fully-electric vehicles
11.10.2022
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| The BMW Group sold a total of 128,196 fully-electric BMW and MINI vehicles in the first nine months of 2022 – more than double its BEV sales in the same period of last year (+114.8%). The company was thus able to translate strong interest in its fully-electric products into robust growth. more >> |
Porsche AG reorganises its supervisory board
23.09.2022
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| Sports car manufacturer welcomes three new supervisory board members
• Micaela le Divelec Lemmi, Melissa Di Donato Roos and Hauke Stars take on mandates on the Supervisory Boar more >> |
Stellantis Invests in Italian Industrial Footprint Transformation to Develop Sustainable Activity
20.09.2022
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| Investing in Mirafiori Complex for electric transmission production and circular economy business Upgrading existing facility with joint venture partner, Punch Powertrain, for new electrified transmissions facility, expected in second half of 2024 Building leading Circular Economy Hub more >> |
Manfred Döss appointed Chairman of the Supervisory Board of AUDI AG
15.09.2022
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| Manfred Döss unanimously elected to succeed Herbert Diess at today’s Supervisory Board meeting
The legal expert has been a Member of the Supervisory Board of AUDI AG since September 2, and will ta more >> |
Stellantis and General Motors to Execute a Share Repurchase Transaction
14.09.2022
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Stellantis N.V. and General Motors Holdings LLC, a subsidiary of General Motors Company (“GM”) have executed a share repurchase agreement (“SRA”) related to the 69.1 million common shares in Stellantis, representing approximately 2.2% of Stellantis’ share capi more >> |
Stellantis invest in Africar Group to create Auto24, African used vehicle start-up
12.09.2022
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| • Auto24, new subsidiary of Africar Group, launches its activities in Ivory Coast• Africar Group is a class leading and multi country digital automotive marketplace across Sub-Saharan Africa• Stellantis investment aims at accelerating its used vehicle (UV) business on the buoyant Afr more >> |
Volkswagen B-BBEE Initiatives Trust welcomes new CEO
31.08.2022
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| • Neeraj Kessery appointed as CEO from 1 August 2022• Kessery has served as a Trustee since February 2020Volkswagen Group South Africa (VWSA) has welcomed Neeraj Kessery to the position of more >> |
Mecobit Begins New Period in Photo voltaic Powered Cryptocurrency Mining
26.08.2022
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| Mecobit Photo voltaic, a world firm with an emphasis on high-quality photo voltaic at an inexpensive worth, proclaims product enhancements to its Photo voltaic System merchandise that energy cryptocurrency miners and different current miners.
more >> |
Lawrence Hamilton appointed Managing Director at Genesis Motor Europe
26.08.2022
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| Genesis has announced the appointment of Lawrence Hamilton as its Managing Director at Genesis Motor Europe, effective September 1, 2022. The appointment follows Dominique Boesch’s decision to leave the company to pursue a new business opportunity. more >> |
Profitable first half-year - BMW Group stays on course in difficult environment
03.08.2022
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| In a highly volatile environment, the BMW Group remained on course in the first half of 2022. With flexibility and expertise, the company encountered challenges including continued supply chain disruptions and bottlenecks for semiconductors and specific supplier parts. more >> |
American Honda July Sales Continue to Reflect Strong Demand and Limited Inventory
02.08.2022
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| American Honda July sales top 71,000 units, as strong retail demand continues despite supply chain and logistics constraints
Honda and Acura brands see unprecedented high turn rates more >> |
Lamborghini: the best half-year results ever
02.08.2022
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Automobili Lamborghini has continued its positive trend from the start of the year and set a new record, concluding its best six months ever to the end of June 2022 in terms of sales, turnover and profitability. Global del more >> |
Kia announces July 2022 global sales results
01.08.2022
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| July global sales at 257,903 units, up 6.3% y/y Sales outside of Korea recorded 206,548 units, up 6.2% y/y Sales in Korea recorded 51,355 units, up 6.6% y/y Kia to continue creating sales momentum and enhancing profitability through new models, such as the more >> |
Porsche increases sales revenue, operating profit and return on sales
28.07.2022
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| Half-year results: 17.92 billion euros in sales revenue and 19.4 per cent return on salesStrong increase in the first half of the year: Porsche AG significantly increased its sales revenue and operating profit in the first six months of 2022 – to 17.92 billion more >> |
Stellantis Posts Record First Half 2022 Results
28.07.2022
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| ....with 14.1% AOI Margin(1), €8.0 Billion Net Profit and €5.3 Billion Industrial Free Cash Flows(2); Global BEV Sales Up Nearly 50%, Among Leaders in EU30 BEV Sales Net revenues of €88.0 billion, up 17% compared to H1 2021 Pro F more >> |
Brembo: Extraordinary growth in H1 2022
28.07.2022
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| Revenues at €1,746.5 million, +28.3% vs H1 2021; EBITDA and EBIT up 13%; net profit at +17.3%Compared to H1 2021: Revenues at €1,746.5 million (+28.3%); +19.3% on a like-for-like exchange r more >> |
Generation change in the Volkswagen Group
22.07.2022
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| Oliver Blume follows Herbert Diess as Chairman of the Board of Management of the Volkswagen Group and remains Chairman of the Board of Management of Porsche AG
• Oliver Blume to take over additional Group position more >> |
Kia announces 2Q 2022 business results
22.07.2022
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| 2Q revenue at KRW 21.88 trillion, up 19% year-on-year 2Q operating profit at KRW 2.23 trillion, up 50% year-on-year with an operating profit margin of 10.2% 2Q net profit recorded KRW 1.88 trillion, up 40% year-on-year 2Q all-electric model sales nearly do more >> |
TAE Technologies Exceeds Fusion Reactor Performance Goals By 250%
19.07.2022
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| ...As Company Closes $250 Million Financing Round, Totaling $1.2 Billion To Date
Following scientific milestones with current fusion reactor, Norman, TAE receives investments from long-term partner Googl more >> |
Porsche posts 145,860 deliveries in first half-year
16.07.2022
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| Porsche has sustained strong delivery figures in the first half of 2022, despite a number of challenges. Overall, the sports car manufacturer delivered 145,860 vehicles to customers around the world between January and June, a decline of 5 per cent over the previous year. more >> |
