Top Story: Porsche AG reorganises its supervisory board

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 Board of Porsche AG•    Arno Antlitz and Hauke Stars are now members of the Supervisory Board's Executive Committee•    The Executive Committee will be reduced by two to six membersThe supervisory board of Porsche AG has been reorganised. This was announ more > cellspacing="1">

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Porsche AG reorganises its supervisory board 23.09.2022

Finance: Porsche AG reorganises its supervisory board

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 mehr >>

Stellantis Invests in Italian Industrial Footprint Transformation to Develop Sustainable Activity 20.09.2022

Finance: Stellantis Invests in Italian Industrial Footprint Transformation to Develop Sustainable Activity

    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 mehr >>

Manfred Döss appointed Chairman of the Supervisory Board of AUDI AG 15.09.2022

Finance: Manfred Döss appointed Chairman of the Supervisory Board of AUDI AG

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 mehr >>

Stellantis and General Motors to Execute a Share Repurchase Transaction 14.09.2022

Finance: Stellantis and General Motors to Execute a Share Repurchase Transaction

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 mehr >>

Stellantis invest in Africar Group to create Auto24, African used vehicle start-up 12.09.2022

Finance: Stellantis invest in Africar Group to create Auto24, African used vehicle start-up

 •    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 mehr >>

Volkswagen B-BBEE Initiatives Trust welcomes new CEO 31.08.2022

Finance: Volkswagen B-BBEE Initiatives Trust welcomes new CEO

•    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 mehr >>

Mecobit Begins New Period in Photo voltaic Powered Cryptocurrency Mining 26.08.2022

Finance: Mecobit Begins New Period in Photo voltaic Powered Cryptocurrency Mining

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. mehr >>

Lawrence Hamilton appointed Managing Director at Genesis Motor Europe 26.08.2022

Finance: Lawrence Hamilton appointed Managing Director at Genesis Motor Europe

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. mehr >>

Profitable first half-year - BMW Group stays on course in difficult environment 03.08.2022

Finance: Profitable first half-year - BMW Group stays on course in difficult environment

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. mehr >>

American Honda July Sales Continue to Reflect Strong Demand and Limited Inventory 02.08.2022

Finance: American Honda July Sales Continue to Reflect Strong Demand and Limited Inventory

    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 mehr >>

Lamborghini: the best half-year results ever 02.08.2022

Finance: Lamborghini: the best half-year results ever

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 mehr >>

Kia announces July 2022 global sales results 01.08.2022

Finance: Kia announces July 2022 global sales results

    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 mehr >>

Porsche increases sales revenue, operating profit and return on sales 28.07.2022

Finance: Porsche increases sales revenue, operating profit and return on sales

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 mehr >>

Stellantis Posts Record First Half 2022 Results 28.07.2022

Finance: Stellantis Posts Record First Half 2022 Results

....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 mehr >>

Brembo: Extraordinary growth in H1 2022 28.07.2022

Finance: Brembo: Extraordinary growth in H1 2022

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 mehr >>

Generation change in the Volkswagen Group 22.07.2022

Finance: Generation change in the Volkswagen Group

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 mehr >>

Kia announces 2Q 2022 business results 22.07.2022

Finance: Kia announces 2Q 2022 business results

    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 mehr >>

TAE Technologies Exceeds Fusion Reactor Performance Goals By 250% 19.07.2022

Finance: TAE Technologies Exceeds Fusion Reactor Performance Goals By 250%

...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 mehr >>

Porsche posts 145,860 deliveries in first half-year 16.07.2022

Finance: Porsche posts 145,860 deliveries in first half-year

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. mehr >>

Sales results: Alpine continues to grow in the first half of 2022 13.07.2022

Finance: Sales results: Alpine continues to grow in the first half of 2022

    Alpine sales increased by more than 70% in the first semester of 2022 after an already record growth of 74% in 2021.    With the opening of new markets and a rapidly growing network, Alpine continues its international expansion.    Alpine enjoyed an eventful first semester of 2022 with a new A110 mehr >>

BMW Group doubles global sales of fully-electric vehicles in first half-year 08.07.2022

Finance: BMW Group doubles global sales of fully-electric vehicles in first half-year

At the forefront of electromobility: - Group half-year sales reach 1,160,443 units - 75,891 all-electric BMW and MINI vehicles sold - BMW Group expands market leadership of premium segment - Pieter Nota: “BMW brand number one worldwide in premium automotive segment in first half-year” mehr >>

Thomas Schäfer named new Chairman of the SEAT S.A. Board of Directors 02.07.2022

Finance: Thomas Schäfer named new Chairman of the SEAT S.A. Board of Directors

    Thomas Schäfer, CEO of Volkswagen brand, is appointed Chairman of the SEAT S.A. Board of Directors    Alongside President of the Executive Committee, Wayne Griffiths, Schäfer will drive CUPRA growth and position Spain as EV Hub in Europe mehr >>

13.06.2022

Finance: Alpine management appointments

Starting on 1st July 2022, Emmanuel Al Nawakil will join Alpine as Vice President, Sales and Operations.On the same day, David Gendry, in addition to his current responsibilities a mehr >>

Porsche and UP.Labs plan to build tailormade startups 07.06.2022

Finance: Porsche and UP.Labs plan to build tailormade startups

Sports car manufacturer strives to create new companies that support its core businessPorsche is expanding its venturing network by collaborating with UP.Labs, a new model for fostering innovative startups. The Stuttgart-based sports car manufacturer h mehr >>

Goodyear to participate in Deutsche Bank's Global Auto Industry Conference 07.06.2022

Finance: Goodyear to participate in Deutsche Bank's Global Auto Industry Conference

The Goodyear Tire & Rubber Company said today it will participate in a fireside chat during Deutsche Bank’s Global Auto Industry Conference on June 14, 2022, at 10:15 a.m. EDT.Emmanuel Ro mehr >>

Porsche participates in further Rimac funding round 02.06.2022

Finance: Porsche participates in further Rimac funding round

Sports car manufacturer invests an eight-figure sumTaycan Turbo S Sport Turismo: Electrical consumption combined: 26,3 kWh/100 km (NEDC); 24,0 – 22,5 kWh/100 km (WLTP); CO2 emissions combined: 0 g/km (NEDC); 0 g/km (WLTP); Electric mehr >>

MG surpasses previous annual car sales in first five months of 2022 01.06.2022

Finance: MG surpasses previous annual car sales in first five months of 2022

MG Motor UK surpasses previous annual sales figure in just five months, with 18,800 new vehicles registered so farRecord sales figures reflect the brand’s upward trajectory in the UKAffordable, value-driven range of petrol, hy mehr >>

Automobili Lamborghini’s growth continues 11.05.2022

Finance: Automobili Lamborghini’s growth continues

Turnover and Operating Profit up in Q1 2022Following on from an incredibly successful 2021, in which Automobili Lamborghini recorded its best-ever performance in terms of turnover and profitability, the first quarter of 2022 closed with continuing growth in mehr >>

Porsche increases sales revenue and operating profit 05.05.2022

Finance: Porsche increases sales revenue and operating profit

Return on sales in first quarter grows to 18.2 per centPorsche AG demonstrated a robust performance at the start of the year. In the first three months of 2022, the company increased both its sales revenue and its operating profit compared to the first quarter mehr >>

Audi Group closes strong first quarter 05.05.2022

Finance: Audi Group closes strong first quarter

   CFO Rittersberger: “Premium brand group decisively responding to current challenges.”        Record first-quarter operating profit and operating return on sales of 24.3 percent also thanks to support from raw material hedging transactions        Lamborghini, Bentley, and mehr >>

BMW Group - Strong increase in earnings and margin following full consolidation of China joint venture 05.05.2022

Finance: BMW Group - Strong increase in earnings and margin following full consolidation of China joint venture

Zipse: “Strength and resilience of BMW Group particularly evident in challenging environment” -  Group EBT rises to € 12.2 billion -  Free cash flow of € 4.8 billion in auto segment -  BEV sales increased by almost 150% - Guidance confirmed despite high volatility mehr >>

Stellantis Reports 12% Increase in Q1 2022 Net Revenues 05.05.2022

Finance: Stellantis Reports 12% Increase in Q1 2022 Net Revenues

First Quarter 2022 Shipments and RevenuesFull-Year Guidance Confirmed     • Net revenues of €41.5 billion, up 12% compared to €37.0 billion for Q1 2021 Pro Forma(1) reflecting strong pricing and veh mehr >>

Volkswagen improves cost efficiency and economic efficiency in a tough environment 04.05.2022

Finance: Volkswagen improves cost efficiency and economic efficiency in a tough environment

 First quarter of 2022: operating result increases to EUR 513 million  Operating return on sales rises to 3.4 percent  Electric mobility strategy on track: 74 percent more all-electric cars delivered  Demand remains high – backlog of orders at all-time high   mehr >>

American Honda April Sales Limited by Supply Constraints 04.05.2022

Finance: American Honda April Sales Limited by Supply Constraints

    American Honda April sales top 93,000 units, despite difficult supply constraints    HR-V scored a 15th straight monthly sales record, with sales of 13,785 units    Honda passen mehr >>

BMW Group and Mercedes-Benz Mobility intend to sell their car-sharing joint venture SHARE NOW to Stellantis 03.05.2022

Finance: BMW Group and Mercedes-Benz Mobility intend to sell their car-sharing joint venture SHARE NOW to Stellantis

Two strong pillars: BMW Group and Mercedes-Benz Mobility further develop mobility joint ventures in a targeted manner- Strengthening multi-mobility: FREE NOW as the leading multi-mobility app in Europe will continue to grow- The joint venture for electric charg mehr >>

Kia announces April 2022 global sales results 03.05.2022

Finance: Kia announces April 2022 global sales results

    April global sales at 238,538 units, down 5.8% y/y    Sales outside of Korea recorded 188,443 units, down 6.8% y/y    Sales in Korea recorded 50,095 units, down 2.0% y/y    Kia to continue creating sales momentum and enhancing profitability through new models, such as the Kia EV6 mehr >>

Venture capital deals value in advanced batteries skyrocket 850% YoY in 2021, finds GlobalData 27.04.2022

Finance: Venture capital deals value in advanced batteries skyrocket 850% YoY in 2021, finds GlobalData

Advanced batteries, which are sophisticated versions with superior properties, are grabbing attention in accelerating the commercialization of electric vehicles (EVs). Against the backdrop, the value of venture capital (VC) deals in advanced batteries shot up by 850% year-on-year (YoY) in 2021 with focus on lithium chemistries, reveals GlobalData, a leading data and analytics company. mehr >>

26.04.2022

Finance: Goodyear South Africa appoints new Managing Director

Richard Fourie is appointed to the helm in Goodyear South AfricaGoodyear South Africa has appointed Richard Fourie to the position of Managing Director effective from April 2022. Richard takes over from Piotr Czyzyk who led the company for two years.With over 25 years of management and leadership experience from variou mehr >>

Ducati continues its growth trend, record first quarter 2022 15.04.2022

Finance: Ducati continues its growth trend, record first quarter 2022

    13,450 motorcycles delivered to passionate customers worldwide during the first three months of 2022, up by 5% compared to 2021    Italy is again the leading market for Ducati with 2,544 motorcycles mehr >>

Tesla boss Elon Musk wants to take over Twitter 14.04.2022

Finance: Tesla boss Elon Musk wants to take over Twitter

Elon Musk, the boss of electric car manufacturer Tesla, announced on Thursday (14.4.) an offer to buy all the shares of the short news service Twitter. He holds just over nine per cent so far.Tesla boss Elon Musk is launching a spectacular t mehr >>

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