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Top Story: Porsche increases stake in Rimac Automobili to 24 percent |
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| Sports car manufacturer expands strategic partnershipGreen light for the further expansion of electric mobility: The Supervisory Board of Porsche AG agreed on Friday to increase its stake in Rimac Automobili from 15 to 24 percent. The Croatian company develops and produces high-tech components for electromobility, including high-performance drives and battery systems. It also produces electrically powered super sports cars.Porsche joined the young technology and sports car company as an investor mehr >> |
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08.03.2021
Finance: Porsche increases stake in Rimac Automobili to 24 percentSports car manufacturer expands strategic partnershipGreen light for the further expansion of electric mobility: The Supervisory Board of Porsche AG agreed on Friday to increase its stake in Rimac Automobili from 15 to 24 percent. The Croatian company mehr >> |
06.03.2021
Finance: New Alfa Romeo Brand OrganisationAlfa Romeo announces a new global organisation and the following new appointments.Jean-Philippe IMPARATO, Alfa Romeo Brand CEO:"Pleased to announce our new global organisation. A team made up of people wi mehr >> |
05.03.2021
Finance: Changes to Porsche AG’s Executive BoardUwe-Karsten Städter hands over the reins to Barbara FrenkelAfter 47 years in the Volkswagen Group, Uwe-Karsten Städter will be taking his well-earned retirement. The Member of the Executive Board of Porsche AG responsible for Procurement will be leaving the c mehr >> |
05.03.2021
Finance: Volvo Cars reports 29.1 per cent sales growth in the first two months of 2021Volvo Cars’ global sales performance remained strong in February, after the company posted 29.1 per cent growth for the first two months of the year compared with the same period last year.Total sales during the period amounted to 110,383 cars, mehr >> |
05.03.2021
Finance: Stellantis announces conditional distribution of Faurecia shares and cashStellantis N.V. (NYSE / MTA / Euronext Paris: STLA) (“Stellantis”) announced today a conditional distribution by Stellantis to the holders of its common shares of up to 54,297,006 ordinary shares of Faurecia S.E. (“Faurecia”) and up to €308 million in cash, being the proceeds received by Peugeot S.A. from the sale of ordinary shares of Faurecia in October 2020, paya mehr >> |
05.03.2021
Finance: Stellantis publishes agenda for the 2021 AGMStellantis N.V. (NYSE / MTA / Euronext Paris: STLA) (“Stellantis”) announced today that it has published the agenda and the explanatory notes for the 2021 Annual General Meeting of Shareholders (“AGM”), which will take place virtually on April 15, 2021. mehr >> |
04.03.2021
Finance: Brembo Q4 2020 resultsBREMBO: Q4 2020 REVENUES AT €648.7 MILLION, UP 4.5% (+7.8% ON A LIKE-FOR-LIKE EXCHANGE RATE BASIS) NET PROFIT AT +17.5% TO €64.8 MILLION.DIVIDEND PROPOSAL: €0.22 PER SHARE.Q4 2020 results:• Revenues at +4.5% compared to Q4 of the previous year (+7.8% on a like-for-like mehr >> |
04.03.2021
Finance: Daimler Buses did well in fiscal year 2020 despite COVID-19 and continues to drive CO2-neutral passenger transportFiscal year 2020 at Daimler Buses characterized by significantly contracting markets as a result of the COVID-19 pandemic Market leadership secure in core EU 30, Brazil, Argentina, Mexico and Tur mehr >> |
04.03.2021
Finance: Mercedes-Benz Bank successful in challenging market environment in 2020Contract portfolio for vehicle leasing and financing amounted to 25.9 billion euros in 2020, which was at the level of the previous year. Customer deposits increase to 13 billion euros. Potential this year thanks to new Mercedes-Benz C-Class and trend toward hybrid and electric vehicles. mehr >> |
04.03.2021
Finance: Stellantis NV Strong 2020 ResultsFurther to the creation of Stellantis N.V. through the closing of the cross-border legal merger between Fiat Chrysler Automobiles N.V. (FCA) and Peugeot S.A. (PSA) on January 16, 2021, the following documents are the earnings releases of the legacy operations of FCA and PSA for the year ended December 31, 2020. mehr >> |
02.03.2021
Finance: Honda and Acura Trucks Set New February Sales Records• Honda trucks record best-ever February sales, rising 5.7% • Honda Passport (up 18.6%) and HR-V (up 1%) set new February marks• Fr mehr >> |
02.03.2021
Finance: Marc Lechantre appointed Responsible Used Vehicles for StellantisEffective March 1st, 2021, Marc Lechantre is appointed Responsible Used Vehicles for Stellantis. He will report to Philippe de Rovira, Stellantis’ Chief Affiliates Officer. Marc Lechantre joined Groupe PSA in 2006 and was mehr >> |
02.03.2021
Finance: Matt Harrison to be appointed President and CEO of Toyota Motor Europe and CEO... Europe Region, Toyota Motor Corporation, succeeding Dr. Johan van Zyl Change effective April 2021 Van Zyl to remain Chairman, Toyota South Africa MotorsToyota Motor Europe ( mehr >> |
01.03.2021
Finance: Supervisory Board of AUDI AG appoints new Member of the Board of Management for Finance and Legal AffairsSupervisory Board Chair Diess: “Jürgen Rittersberger is an expert in management, controlling and strategy” Deputy Chair Mosch: “realize investments to successfully transform our company” CEO Duesmann: “he will slot right into our team, ensuring a seamles mehr >> |
24.02.2021
Finance: Oliver Hoffmann named new Member of the Audi Board for Technical DevelopmentSupervisory Board Chair Diess: "an accomplished engineer with the right leadership qualities to head up the technical heart of this premium brand" Deputy Chair Mosch: "welcome news for staff at both German sites" CEO Duesmann: "a long-time Audi colleague, stands for true integrity and tea mehr >> |
23.02.2021
Finance: Tesla Delivered 180,600 Vehicles in Q4 2020 - 30% More than Q3Tesla and enigmatic founder, Elon Musk have been on the news regularly in recent months for the company’s impressive performance in 2020. Musk has long wanted to break through the mainstream market with his electric cars and it seems that mehr >> |
22.02.2021
Finance: LKQ Europe tops second half 2020 segment EBITDA margin outlookStrong second half in European segment with a segment EBITDA margin of 8.9%, above the range of 8.0% to 8.5% presented at the September 2020 LKQ Investor Day.LKQ Corporation (Nasdaq:LKQ) reported fourt mehr >> |
18.02.2021
Finance: Renault Board of Directors communicationGroupe Renault continues the renewal of its Board of Directors, which began in 2019, strengthening its financial, digital and mobility expertise.At today’s meeting, on the recommendation of the Governance and Remuneration Committee, Renault's Board mehr >> |
18.02.2021
Finance: AAAM and Afreximbank sign an MoU to drive Automotive Investment in Africaalso on african.partnersThe African Export-Import Bank (Afreximbank) and the African Association of Automotive Manufacturers (AAAM) have entered into a Memorandum of Understanding (MoU) for the financing and promotion of the automotive industry in Africa. mehr >> |
18.02.2021
Finance: Daimler confident for 2021Financial results 2020 significantly better than expected amid COVID-19 challenges Net profit increased by 48% to €4.0 billion (2019: €2.7 billion) Net liquidity of the industrial business of €17.9 billion (end of Q3 2020: €13.1 billion/end of 2019: €11.0 billion)&nb mehr >> |
18.02.2021
Finance: Ford Europe Goes All-In on EVs on Road to Sustainable Profitability; Cologne Site Begins $1 Billion TransformationFord says by mid-2026, 100% of its passenger vehicle range in Europe will be zero-emissions capable, all-electric or plug-in hybrid; moving to all-electric by 2030 Ford’s commercial vehicle ran mehr >> |
18.02.2021
Finance: UK bus and coach registrations decline -32.0% as Covid hits 2020 marketBUS AND COACH REGISTRATIONS17 February 2021 (data for Q4 and full year 2020) Demand for new buses and coaches drops -32.0% in 2020, with 3,996 vehicles joining UK roads. Single-deck registrations, down -58.7% to 755 un mehr >> |
18.02.2021
Finance: UK Heavy Goods Vehicle registrations fall -32.2% in 2020 as operators postpone fleet renewalHEAVY GOODS VEHICLE REGISTRATIONS17 February 2021 (data for data for vehicles >6 tonnes, Q4 and full year 2020) Truck registrations drop to 32,918 units following bumper 2019 and impact of pandemic. &nbs mehr >> |
16.02.2021
Finance: Indonesia off-track with its target of exporting one million vehicles by 2024, says GlobalDataFollowing the news from the Association of Indonesia Automotive Industries (GAIKINDO) that automotive exports from the country declined by 30.1%;Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading research and consulting company, of mehr >> |
12.02.2021
Finance: FLA Members provided £113 billion of new business in 2020New figures released today by the Finance & Leasing Association (FLA) show that FLA members across the asset finance, consumer finance and motor finance markets provided £113 billion of new business in 2020 to help support business inves mehr >> |
12.02.2021
Finance: FLA: Consumer car finance new business volumes fell by 12% in December 2020New figures released today by the Finance & Leasing Association (FLA) show that the consumer car finance market reported a fall in new business volumes of 12% in December 2020 compared with the same month in 2019. In 2020 as a whole, new busin mehr >> |
11.02.2021
Finance: BMW Manufacturing Is Largest U.S. Automotive Exporter by Value for 7th Consecutive Year.Export Value From South Carolina Plant Totals More Than $8.9 Billion in 2020. Plant Sets New High for Six-Month Production Period Despite Production Interruption. For the mehr >> |
09.02.2021
Finance: UNCTAD - Global Trade Update February 2021East Asia manufacturing leading the global trade recovery.The recovery has been uneven, with many countries lagging. South-South trade remains well below average but for East Asia. East Asian economies have been leading the recovery process with strong export growth and gains in global market share.Most manufacturing sectors recorded po mehr >> |
09.02.2021
Finance: Nissan contributes - € 123 million for fourth quarter 2020 to Renault's earningsNissan released today its results for the third quarter of fiscal year 2020/2021 (April 1st, 2020 to March 31st, 2021).Nissan’s results, published in Japanese accounting standards, for the third quarter of fiscal year 2020/2021 (October mehr >> |
09.02.2021
Finance: Auto makers’ credit losses stay low despite economic effects of coronavirus crisisCredit loss rates at auto makers’ financing arms have remained at multi-year lows despite the economic ramifications of the coronavirus crisis. Government support through payment moratoriums and direct transfers have helped auto loan debtors to weather the crisis while financing arms of auto makers have benefitted from low credit losses.Credi mehr >> |
05.02.2021
Finance: Stellantis 2021 Corporate CalendarStellantis N.V. (NYSE / MTA / Euronext Paris: STLA) (“Stellantis”) announced today that the Fourth Quarter and Full Year 2020 results for Fiat Chrysler Automobiles N.V. (FCA) and Full Year 2020 results for Peugeot S.A. (Groupe PSA) will be released on March 3, 2021. mehr >> |
05.02.2021
Finance: Van market starts new year with a boost, up 2.0% in JanuaryUK light commercial vehicle (LCV) market grows 2.0% in January, with 24,029 vehicles registered. Registrations of large vans single-handedly drive demand, surging 25.4% as all other segments experience double-digit decline. New emissions figures reveal 2020 as the year with lowest recorded van-der mehr >> |
05.02.2021
Finance: Q1 2021 Industry Outlook Survey Results – FLA members see opportunities for growthThe Q1 2021 Industry Outlook Survey results released today by the Finance & Leasing Association (FLA) shows that the asset finance, consumer finance and motor finance industry see opportunities for growth over the next year despite the h mehr >> |
05.02.2021
Finance: New UK car registrations fall -39.5% as showroom closures stifle demandJust 90,249 new cars registered in January – the worst start to a year since 1970 despite click and collect preventing greater fall New emissions figures show 2020 delivered the cleanest vehicles in history as average CO2 emissions fell by -11.8% on previous year, but more to do to deliver net zero mehr >> |
04.02.2021
Finance: Volvo Cars’ global sales grew 30.2 per cent in JanuaryStarting 2021 on a strong note, Volvo Cars reported the best January in its history, as Europe, China and the US all reported increasing sales.Global sales rose by 30.2 per cent to 59,588 cars, boosted by a strong year-on-year performance in China where the co mehr >> |
04.02.2021
Finance: REE Automotive to list on NASDAQ through merger with 10X Capital Venture Acquisition CorpREE Automotive (“REE”), a leader in e-Mobility, has entered into a merger agreement with 10X Capital Venture Acquisition Corp (NASDAQ: VCVC) (“10X SPAC”); the newly combined company will be listed on the NASDAQ under the new ticker symbol “REE”. mehr >> |
04.02.2021
Finance: Daimler plans a fundamental change in its structureDaimler plans separation into two pure−play companies and majority listing of Daimler Truck to accelerate into zero− emissions and software−driven future Intention to split Daimler’s industrial businesses and establish mehr >> |
02.02.2021
Finance: Ford Invests $1 Billion (R15.8) to Modernize, Expand South African Manufacturing for All-New Ranger; Adds 1,200 Jobs• New advanced technologies and systems will modernize and grow the Ford Silverton Assembly Plant to support expanded production of the all-new Ranger pickup truck, starting in 2022 • Fo mehr >> |
01.02.2021
Finance: Pietro Gorlier is appointed Stellantis Chief Parts and Services OfficerEffective February 1st 2021, Pietro GORLIER is in charge of the Stellantis Parts and Services business worldwide.Most recently, he was Chief Operating Officer, Europe, Middle East, Africa Region of former FCA Group and Global Head of Parts & Service (MOPAR) mehr >> |
01.02.2021
Finance: Kia announces January global salesJanuary global sales at 226,298 units, up 2.5% y/y Korea sales increased 12% to 41,481 units Sales outside of Korea climbed 0.6% to 184,817 units Kia to expand new model line-up, including its first dedicated BEV model mehr >> |
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