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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 >> |
Hyundai Motor rises to top five Automotive Brands in Interbrand's 2020 Global Brand Ranking
20.10.2020
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| Hyundai’s Global Brand Value rose 1 percent year-on-year to $14.3 billion, ranking fifth among global automotive brands and 36th overall
Hyundai more >> |
Ad-hoc announcement: Preliminary free cash flow for the Automotive segment of BMW AG in the third quarter of 2020 above
19.10.2020
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| The preliminary free cash flow for the Automotive segment of BMW AG in the third quarter 2020 amounts to €3,065 million (previous year: €714 million) and thus exceeds current market expectations. This was due in particular to a faster recovery in more >> |
Porsche reports robust demand in the first nine months
16.10.2020
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| Cayenne and 911 increasingly popularIn the first three quarters of 2020, Porsche delivered 191,547 vehicles to customers worldwide. Compared to the same period in the previous year, this was a reduction of five percent. “Porsche is demonstrating resili more >> |
Volkswagen Group invests in automation for Emden, Hannover and Chattanooga plants
15.10.2020
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| Volkswagen Passenger Cars and Volkswagen Commercial Vehicles brands step up pace of transformation to e-mobility era More than 2,200 new robots ordered for planned production of electric cars at Emden, Hanover and Chattanooga These are to become the most advanced production plants in the industry more >> |
Euisun Chung Inaugurated as Chairman of Hyundai Motor Group, Opening a New Chapter in History
14.10.2020
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| Chairman Mong-Koo Chung inaugurated as Honorary Chairman of the Group Inauguration unanimously endorsed by board members of Hyundai Motor, Kia Motors and Hyundai Mobis Euisun Chung has been recognized for successful leadership as Executive Vice Chairman of the Group over past two years more >> |
Toyota Motor Europe outperforms the market as more customers choose hybrid
14.10.2020
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| TME sales rebound with 715,081 vehicles sold between Jan-Sept 2020, down -15% but outperforming the market which fell by -25% Strong customer demand for its hybrid line-up increased share to 6.1%, up by 0.8 ppts Multi-powertrain strategy boosted by launches of New Yaris Hybrid, RAV4 Plug-in Hybrid more >> |
Daimler and Swiss Re launch new company Movinx to transform automotive and mobility insurance business
12.10.2020
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| Movinx is a 50/50 joint venture of Daimler Insurance Services and Swiss Re.
Partners aim to transform and innovate automotive and mobility insurance with fully digital business model an more >> |
BMW Group posts solid third-quarter sales growth
07.10.2020
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| BMW Group sells 675,680 units in third quarter (+8.6%) - Europe region delivers 275,618 vehicles to customers in Q3 (+7.1%) - China up 6.4% after first nine months (559,681 vehicles) - Sales situation still reflects regional impact of coronavirus pandemic - Pieter Nota: “Sales growth of almost 50 percent for electrified vehicle more >> |
New Mercedes−Benz strategy announced − targeting structurally higher profitability
06.10.2020
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| New Mercedes-Benz strategy for the car business unveiled today at a virtual investor and analyst conference. The new strategy will enhance the Mercedes-Benz brand’s luxury status, raise the product portfolio’s posit more >> |
Mitsubishi Motors South Africa increases market share in a tough market with the launch of the new Pajero Sport
06.10.2020
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| • Mitsubishi Motors South Africa improves sales thanks to most stylish Pajero Sport to date• Mitsubishi claims market share in incredibly competitive segments• New Pajero Sport Exceed plays a major role in increased sales more >> |
NIO Inc. Provides September and Third Quarter 2020 Delivery Update
06.10.2020
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| Company Achieved New Record-High Monthly and Quarterly Deliveries NIO delivered 4,708 vehicles in September 2020, increasing by 133.2% year-over-yearNIO delivered 12,206 vehicles in the three months ended September 2020, increasing by 154.3% year-over-yearNIO began deliveries of the EC6 in late September 2020 more >> |
Kia Motors announces September global sales
05.10.2020
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| September global sales at 260,023 units, up 10.3 percent y/y Korea sales increased 21.9 percent y/y to 51,211 units Sales outside of Korea climbed 7.7 percent y/y to 208,812 units Kia expects strong sales momentum to continue in the second half with expanded SUV line more >> |
A record September for Automobili Lamborghini
02.10.2020
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| Automobili Lamborghini has achieved a record September in terms of commercial results with 738 units delivered to customers in one month: its best September ever. A consistently positive trend over the last three months resulted in 2,083 units delivere more >> |
Strong September Sales for Honda and Acura Adds to Momentum Gained in 3rd Quarter
02.10.2020
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| Honda brand sales climb 11% as trucks set September record with 20.4% jump Honda Passport and CR-V set September sales records, gaining 48.1% and 29.6% respectively Acura September sales increased 16.6% on strong performances from MDX, RDX and ILX more >> |
BMW of North America Reports Q3 2020 Sales Results
02.10.2020
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| Consumer Demand for BMW Brand Vehicles Outpaces Projections. High-Percentage of New Vehicles Arriving Pre-Sold to Customers. Sales Momentum Built Throughout the Quarter Ending with a Record September. BMW of North America announced today Q3 2020 sales results for th more >> |
MITSUBISHI MOTORS Announces Production, Sales and Export Figures for August 2020
30.09.2020
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| August2020 Fiscal Year 2020 (20/4-20/8) Calendar Year 2020 (20/1-20/8) Volume(unit) YoY(%) Volume(unit) YoY(%) Volume(unit) YoY(%) more >> |
Groupe PSA and FCA announce Stellantis Board membership
29.09.2020
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| Fiat Chrysler Automobiles N.V. (“FCA”) (NYSE: FCAU / MTA: FCA) and Peugeot S.A. (“Groupe PSA”) announce the composition of the Board of Directors of Stellantis, the new company that will result from the combination of their respective businesses. more >> |
Chairman and CEO of Automobili Lamborghini, Stefano Domenicali, will leave leadership of the Italian super sports car company for a new professional role
25.09.2020
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Automobili Lamborghini announces that Chairman and CEO Stefano Domenicali will leave his position leading the Italian super sports car company to take on a new and prestigious professional role from January 2021. Since joining Lamborgh more >> |
Wayne Griffiths named new President of SEAT
23.09.2020
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| As SEAT’s new president, Wayne Griffiths will lead the company and its two brands from October 1st In his current role as head of sales and marketing, Griffiths has been instrumental in driving record sales at SEAT for the past years – he has also been a key pillar in establishing the CUPRA brand & more >> |
Shareholders agree 6-month lock-up on Faurecia shares
17.09.2020
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| Fiat Chrysler Automobiles N.V. (“FCA”) (NYSE: FCAU / MTA: FCA) and Peugeot S.A. (“Groupe PSA”) communicate that following a request from the Companies in the context of their recently announced amendment to their combination agreement, EXOR, EFP/FFP, Bpifrance and DFG have each agreed to be subject to a lock-up of their Faurecia shares until the end of the more >> |
Unicorn Investor HOWZAT and Tech Advisory Specialist ennea combine forces
16.09.2020
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| HOWZAT Partners (“HOWZAT”) and ennea capital partners (“ennea”) are joining forces as HOWZAT ennea Group (“HOWZAT ennea”) to create one of Europe’s leading early to mid-stage investment, M&A and advisory businesses.HOWZAT is a unicorn investor and one of the top 3 travel technology investors globally*. more >> |
FCA and Groupe PSA amend their Combination Agreement to further strengthen Stellantis’ opening capital structure
14.09.2020
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| • FCA special dividend set at €2.9 billion; Groupe PSA’s Faurecia stake to be distributed post-closing to all Stellantis shareholders• Amendments preserve the balance of original Combination Agreement• Annual estimated run-rate synergies increased to in excess of €5 billion more >> |
Consumer Car Finance Market returns to growth in July - FLA UK
08.09.2020
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| New figures released September 7th by the Finance & Leasing Association (FLA) show that new business in the consumer car finance market grew 19% by value and 9% by volume in July 2020 compared with the same month in 2019. In the seven months to July 2020, new business volumes in this market remained 30% lower than in the same period in 2019.The cons more >> |
Temporary tax relaxation can drive vehicle sales in Indonesia, says GlobalData
04.09.2020
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| Following the news that the Association of Indonesian Automotive Industries (GAIKINDO) asked the government to temporarily exempt all tax collections related to cars;Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offer more >> |
Online trading platforms and sports properties partnership opportunities emerge from COVID-19 pandemic, says GlobalData’s Sportcal
02.09.2020
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| COVID-19 has created opportunities for the sporting industry through partnerships, which has led to online trading platforms looking to partner with sports properties as a means of differentiating themselves from competitors in the marketplace, according to Sportcal, a GlobalData company. more >> |
SKODA AUTO invests 32 million euros in ENYAQ iV production line at its Mladá Boleslav plant
02.09.2020
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| › ŠKODA AUTO completes the group’s only production line on which MEB and MQB vehicles can be built alongside one another› Modifications made to cater for installation of the floor assembly including high-voltage batteries and implementation of necessary safety precautions› Production of the first MEB-based &Scar more >> |
American Honda Reports August Sales Results
02.09.2020
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American Honda Total 135,925 -21.9%Cars 54,067 -29.4%Trucks 81,858 -16% ACURATotal 13,647 -10.2%Cars 3,425 -8.8% more >> |
Mitsubishi Motors announces production, sales and export figures for July 2020
28.08.2020
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| July2020 Fiscal Year 2020 (20/4-20/7) Calendar Year 2020 (20/1-20/7) Volume(unit) YoY(%) Volume(unit) YoY(%) Volume(unit) YoY(%) more >> |
Spyker enters into a major collaboration agreement with investment group of Boris Rotenberg and Michail Pessis
28.08.2020
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| Today, August 28, 2020, entrepreneur Boris Rotenberg, owner of among others SMP Racing and BR Engineering, his business partner Michail Pessis, co-owner of SMP Racing Monaco as well as owner of Milan Morady SA in Luxembourg and R-Company GmbH in Germany and Victor R. Muller, Chief Executive Officer of Spyker Ltd announce a far-reaching collaboration between the above companies and the Spyker gr more >> |
Bugatti – Changes in the Comité de Direction
22.08.2020
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| Bugatti President Stephan Winkelmann presents his first line of management.Every Wednesday they meet at 9:00 am for the weekly Board Meeting, or as it is called at Bugatti: Comité de Direction. While personal attendance is preferred by the manag more >> |
Market Cap of the World`s Five Largest Automobile Manufacturers Plunged by $63bn in 2020
18.08.2020
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| The COVID-19 pandemic has had a severe impact on the global automotive industry, causing supply chain disruptions and factory closures. All of this placed intense pressure on the market already coping with a downshift in global deman more >> |
Brexit concerns create double whammy concern for UK auto industry, says GlobalData
18.08.2020
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| As the UK-EU negotiations for a post-Brexit trade deal resume for their seventh round in Brussels today;David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, o more >> |
BMW Group reaffirms outlook for full year 2020
06.08.2020
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| - Zipse: “Cautiously optimistic for second half of year” - Profit before tax after first half year at ca. € 500 million - Revenues and earnings impacted by Q2 market downturns - Strict inventories management helps safeguard cash flow - CO2 targets now set up for complete vehicle life cycle to 2030 - Far-reachin more >> |
