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Top Story: Shareholders agree 6-month lock-up on Faurecia shares

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 6 month period following completion of the proposed distribution of Groupe PSA’s 46% stake in Faurecia to all S mehr >>

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17.09.2020

Finance: Shareholders agree 6-month lock-up on Faurecia shares

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 mehr >>

16.09.2020

Finance: Unicorn Investor HOWZAT and Tech Advisory Specialist ennea combine forces

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*. mehr >>

FCA and Groupe PSA amend their Combination Agreement to further strengthen Stellantis’ opening capital structure 14.09.2020

Finance: FCA and Groupe PSA amend their Combination Agreement to further strengthen Stellantis’ opening capital structure

•    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 mehr >>

Consumer Car Finance Market returns to growth in July - FLA UK 08.09.2020

Finance: Consumer Car Finance Market returns to growth in July - FLA UK

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 mehr >>

Temporary tax relaxation can drive vehicle sales in Indonesia, says GlobalData 04.09.2020

Finance: Temporary tax relaxation can drive vehicle sales in Indonesia, says GlobalData

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 mehr >>

Online trading platforms and sports properties partnership opportunities emerge from COVID-19 pandemic, says GlobalData’s Sportcal 02.09.2020

Finance: Online trading platforms and sports properties partnership opportunities emerge from COVID-19 pandemic, says GlobalData’s Sportcal

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. mehr >>

SKODA AUTO invests 32 million euros in ENYAQ iV production line at its Mladá Boleslav plant 02.09.2020

Finance: SKODA AUTO invests 32 million euros in ENYAQ iV production line at its Mladá Boleslav plant

› 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 mehr >>

American Honda Reports August Sales Results 02.09.2020

Finance: American Honda Reports August Sales Results

  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% mehr >>

Mitsubishi Motors announces production, sales and export figures for July 2020 28.08.2020

Finance: Mitsubishi Motors announces production, sales and export figures for July 2020

July2020     Fiscal Year 2020 (20/4-20/7)     Calendar Year 2020 (20/1-20/7) Volume(unit)     YoY(%)     Volume(unit)     YoY(%)     Volume(unit)     YoY(%) mehr >>

Spyker enters into a major collaboration agreement with investment group of Boris Rotenberg and Michail Pessis 28.08.2020

Finance: Spyker enters into a major collaboration agreement with investment group of Boris Rotenberg and Michail Pessis

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 mehr >>

Bugatti – Changes in the Comité de Direction 22.08.2020

Finance: Bugatti – Changes in the Comité de Direction

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 mehr >>

Market Cap of the World`s Five Largest Automobile Manufacturers Plunged by $63bn in 2020 18.08.2020

Finance: Market Cap of the World`s Five Largest Automobile Manufacturers Plunged by $63bn in 2020

 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 mehr >>

Brexit concerns create double whammy concern for UK auto industry, says GlobalData 18.08.2020

Finance: Brexit concerns create double whammy concern for UK auto industry, says GlobalData

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 mehr >>

BMW Group reaffirms outlook for full year 2020 06.08.2020

Finance: BMW Group reaffirms outlook for full year 2020

- 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 mehr >>

Volvo Cars reports 14.2 per cent global sales growth in July 05.08.2020

Finance: Volvo Cars reports 14.2 per cent global sales growth in July

Volvo Cars posted strong sales in July, with volumes up 14.2 per cent compared with the same period last year.   The company sold 62,291 cars during the month, as Europe, the US and China all reported a growth in sales compared with t mehr >>

Ford Announces Jim Hackett to Retire as President and CEO 04.08.2020

Finance: Ford Announces Jim Hackett to Retire as President and CEO

- Jim Farley to Succeed Hackett as Company Continues Transformation•    Jim Hackett, who has led Ford Motor Company's transformation since 2017 as president and CEO, has elected to retire from the company•    Jim Fa mehr >>

American Honda Reports July Sales Results 04.08.2020

Finance: American Honda Reports July Sales Results

    Acura car and truck sales gain in July to push brand up 2.5% for the month       Honda HR-V posts 6.7% sales increase while CR-V tops 30,000 deliveriesAme mehr >>

Thomas Schäfer takes over as Chairman of the Board at SKODA AUTO with immediate effect 03.08.2020

Finance: Thomas Schäfer takes over as Chairman of the Board at SKODA AUTO with immediate effect

In this position, he succeeds Bernhard Maier, who is handing over the office to his successor after almost five years at the helm.Thomas Schäfer will assume the role of Chairman of the B mehr >>

EU-Vietnam trade agreement enters into force 01.08.2020

Finance: EU-Vietnam trade agreement enters into force

The EU-Vietnam trade agreement, the most comprehensive trade agreement the EU has concluded with a developing country, will apply as of today, 1 August. President of the European Commission, Ursula von der Leyen, said: “The European economy needs now every opportunity to restore its strength after the crisis triggered by the coronavirus. mehr >>

Porsche set to invest 15 billion euros in the future of mobility over the next five years 31.07.2020

Finance: Porsche set to invest 15 billion euros in the future of mobility over the next five years

Robust despite coronavirus: 1.2 billion euros operating profit in the first halfAfter a challenging first half of 2020, Porsche AG achieved a return on sales of 9.9 per cent. The sales revenue of 12.42 billion euros is 7.3 percent down on the previous year; the return o mehr >>

UK Car production down -42,8% in first half as sector sheds more than 11,000 jobs amid Coronavirus crisis 31.07.2020

Finance: UK Car production down -42,8% in first half as sector sheds more than 11,000 jobs amid Coronavirus crisis

    UK car manufacturing output declines -48.2% in June with 56,594 units produced, rounding off weakest six months since 1954.    Factories turn out just 381,357 cars in the year-to-date, down -42.8% on 2019 – a decline of more than 285,000 units.    11,349 jobs already cut across manufacturing mehr >>

British Engine Manufacturing down -38.8% in first half of 2020 31.07.2020

Finance: British Engine Manufacturing down -38.8% in first half of 2020

UK Engine MANUFACTURING (data for June)    UK engine production falls -38.8% in first half to 814,957 units.    Demand from home and international markets down -32.4% and -42.3% respectively. mehr >>

UK commercial vehicle production grows in June but fails to offset Covid impact as first half output falls -24,8% 31.07.2020

Finance: UK commercial vehicle production grows in June but fails to offset Covid impact as first half output falls -24,8%

UK Commercial Vehicle MANUFACTURING (data for June)    British CV manufacturing grows 23.9% in June, as new model uplift reverses heavy losses in 2019.    Production for home market rises 25.0%, with exports also up, by 22.7%.    Positive month fails to offset Covid-19 impact, as overall half-ye mehr >>

Renault Group Financal results for the 1st half of 2020 30.07.2020

Finance: Renault Group Financal results for the 1st half of 2020

 FINANCIAL RESULTS FOR THE 1st HALF OF 2020The health crisis and the results of associated companies mainly explain the half-year loss.    In the context of the health crisis, Group sales fell by 34.9% in the first half (1.26 mil mehr >>

Volkswagen Group measures reduce the effects of Covid-19 in the first half of the year 30.07.2020

Finance: Volkswagen Group measures reduce the effects of Covid-19 in the first half of the year

 Operating result before special items falls to EUR –0.8 (10.0) billion; in the other operating result, the fair value measurement of derivatives to which hedge accounting is not applied (in particular commodity hedges) and exchange rate effects of EUR –0.9 billion are virtually offset by a non-cash gain of EUR 0.8 billion on the contribution of AID into the auton mehr >>

MITSUBISHI MOTORS Announces Production, Sales and Export Figures for June 2020 and First Half of Calendar Year 2020 30.07.2020

Finance: MITSUBISHI MOTORS Announces Production, Sales and Export Figures for June 2020 and First Half of Calendar Year 2020

2020     Fiscal Year 2020 (20/4-20/6)     Calendar Year 2020 (20/1-20/6) Volume(unit)     YoY(%)     Volume(unit)     YoY(%)     Volume(unit)     YoY(%)Production &nbs mehr >>

28.07.2020

Finance: BMW i Ventures Invests in GenXComm to Increase Speed and Lower Cost of 5G Rollout.

BMW i Ventures announced today an investment in GenXComm, a company with ground-breaking technology that improves the performance and capacity of communication networks, and aims to significantly increase the speed of global 5G deployment. “GenXComm is ushering in the next revolution of computing and connectivity,” said Marcus Behrendt, partner, BMW i Ventures. mehr >>

Mitsubishi Motors announces Small but Beautiful mid-term business plan with renewed focus in Africa 28.07.2020

Finance: Mitsubishi Motors announces Small but Beautiful mid-term business plan with renewed focus in Africa

Mitsubishi Motors Corporation (MMC) announced its three-year mid-term business plan (from fiscal 2020 to 2022), called Small but Beautiful, to concentrate its management resources on its core regions and technologies, including Africa.The mid-term mehr >>

Groupe PSA remains profitable in H1 2020 despite Covid 28.07.2020

Finance: Groupe PSA remains profitable in H1 2020 despite Covid

•    €25.1 billion Group revenue   •    3.7% Automotive division[1] adjusted operating margin[2] at €731 million•    Net result group share at €595 million mehr >>

MITSUBISHI MOTORS Announces Large-Scale Investment in Mizushima Plant to Manufacture New Electric Kei-cars 28.07.2020

Finance: MITSUBISHI MOTORS Announces Large-Scale Investment in Mizushima Plant to Manufacture New Electric Kei-cars

MITSUBISHI MOTORS CORPORATION (MMC) today announced that it will invest for production of new electric Kei-cars at Mizushima Plant in Kurashiki city, Okayama Prefecture starting from August 2020. This investment will be approximatel mehr >>

MITSUBISHI MOTORS Announces Its Mid-Term Business Plan 28.07.2020

Finance: MITSUBISHI MOTORS Announces Its Mid-Term Business Plan

... Small but Beautiful, to Achieve Cost Rationalization and Profitability Enhancement for Sustainable GrowthMITSUBISHI MOTORS CORPORATION (MMC) today  its three-year mid-term business plan (from fiscal 2020 to 2022), Small but Beautiful, to concent mehr >>

Daimler reports second-quarter 2020 results 23.07.2020

Finance: Daimler reports second-quarter 2020 results

    Revenue of €30.2 billion (Q2 2019: €42.7 billion)    Positive industrial free cash flow of €685 million (Q2 2019: minus €1,302 million)    Industrial net liquidity of €9.5 billion (end of Q1 2020: €9.3 billion)    Adjusted EBIT of minus €708 million (Q2 mehr >>

Kia Motors announces Q2 2020 business results 23.07.2020

Finance: Kia Motors announces Q2 2020 business results

    Global vehicle sales totaled 516,050 units in Q2, down 27.8% y/y    Q2 sales revenue of KRW 11.37 trillion, down 21.6% y/y,     Q2 operating profit at KRW 145.1 billion, down 72.8% y/y    Global economic activity and auto demand affected by COVID-19 pandemic    mehr >>

Dr Christian Vollmer - New Production Board Member for Volkswagen Passenger Cars brand 21.07.2020

Finance: Dr Christian Vollmer - New Production Board Member for Volkswagen Passenger Cars brand

Dr. Christian Vollmer to be new Production Board Member of Volkswagen Passenger Cars brand  To succeed Dr. Andreas Tostmann, who has moved to MAN as CEO Dr. Christian Vollme mehr >>

Groupe Renault Worldwide sales results 1st half 2020 20.07.2020

Finance: Groupe Renault Worldwide sales results 1st half 2020

    With the Covid-19 pandemic context, Groupe Renault sold 1,256,658 vehicles in the first half, with a strong commercial recovery in June. The Renault brand was thus the number one brand in Europe in June.    On the elect mehr >>

Porsche delivers 116,964 vehicles in the first half year 17.07.2020

Finance: Porsche delivers 116,964 vehicles in the first half year

Positive trends in Asia     In the first six months of 2020, Porsche supplied a total of 116,964 cars to customers worldwide. The coronavirus crisis and the resulting closures of Porsche Centres over a period of several weeks resulted in a mehr >>

Groupe PSA Worldwide sales at 1 Million units in the first semester 16.07.2020

Finance: Groupe PSA Worldwide sales at 1 Million units in the first semester

•    Global sales almost doubled in June versus May, in the context of the coronavirus crisis•    Electrification of the PC and LCV range at high pace: 13  new models launched since beginning of 2019 and one innovative mobility solution with Citroën Ami•    The Group is among mehr >>

STELLANTIS  The name of the new group resulting from the merger of FCA and Groupe PSA 15.07.2020

Finance: STELLANTIS The name of the new group resulting from the merger of FCA and Groupe PSA

In a major step as they move towards the completion of their 50:50 merger as defined in the Combination Agreement announced on 18 December 2019, Peugeot S.A. ("Groupe PSA") and Fiat Chrysler Automobiles N.V. ("FCA") (NYSE: FCAU / MTA: FCA) today announce that the corporate name of the new group will be  STELLANTIS mehr >>

Cyrille Moreau appointed Groupe PSA director B to B 11.07.2020

Finance: Cyrille Moreau appointed Groupe PSA director B to B

    Cyrille Moreau will lead the Group's B to B sales and marketing operations    He will be attached to the Sales and Marketing department.  &nbs mehr >>

Ismaeel Hassen appointed CEO of FCA South Africa 10.07.2020

Finance: Ismaeel Hassen appointed CEO of FCA South Africa

As part of a restructure across some African markets, Fiat Chrysler Automobiles (FCA) is pleased to announce the appointment of Ismaeel Hassen as CEO for South Africa. Out-going CEO, Pierre Martin Bos will now head up Morocco."The global mehr >>

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