Top Story: Goodyear announces offering of 300 million European senior notes

The Goodyear Tire & Rubber Company (“Goodyear”) today announced that its European subsidiary, Goodyear Europe B.V. (“GEBV”), has commenced a private offering to eligible purchasers of €300 million aggregate principal amount of senior notes due 2028.The notes will be senior unsecured obligations of GEBV and will be guaranteed on a senior unsecured basis by Goodyear and certain of its wholly owned U.S. and Canadian subsidiaries that also guarantee Goodyear’s mehr >>

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Goodyear announces offering of 300 million European senior notes 20.09.2021

Finance: Goodyear announces offering of 300 million European senior notes

The Goodyear Tire & Rubber Company (“Goodyear”) today announced that its European subsidiary, Goodyear Europe B.V. (“GEBV”), has commenced a private offering to eligible purchasers of €300 million aggregate principal amount of senior notes due 2028. mehr >>

Toyota eyes leadership in EV battery technology over next decade with announced investments, says GlobalData 13.09.2021

Finance: Toyota eyes leadership in EV battery technology over next decade with announced investments, says GlobalData

Following the news that Japanese automaker Toyota plans to spend U$13.5bn to develop electric vehicle (EV) battery technology and supply system by 2030; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, off mehr >>

German Electric Vehicle Manufacturer, Next.e.GO, successfully closes $ 57 M Series C funding round 26.08.2021

Finance: German Electric Vehicle Manufacturer, Next.e.GO, successfully closes $ 57 M Series C funding round

Next.e.GO Mobile SE, the German Electric Vehicle manufacturer company producing affordable, purpose-built and sustainable urban electric vehicles based on its disruptive technologies and unique microfactory, announced today that its majority shareholder, nd Industrial Investments B.V., part of international private equity company nd Group B.V. has successfully closed a series C equity funding r mehr >>

Business venture restructuring in China to help Mazda Motor to improve competitive position, says GlobalData 26.08.2021

Finance: Business venture restructuring in China to help Mazda Motor to improve competitive position, says GlobalData

Following the news that Japanese automaker Mazda Motor Corp has agreed to restructure car joint venture (JV) with Chinese partners Changan and FAW;  Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, mehr >>

Capacity expansion investment to boost MG Motor competitive position in India, says GlobalData 25.08.2021

Finance: Capacity expansion investment to boost MG Motor competitive position in India, says GlobalData

Following the news that automaker MG Motor plans to invest INR25bn (US$340m) in India by 2022 end;  Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view:  “A mehr >>

Hagerty and Aldel Financial Announce Merger Agreement for Hagerty to Become a Publicly Traded Company 19.08.2021

Finance: Hagerty and Aldel Financial Announce Merger Agreement for Hagerty to Become a Publicly Traded Company

Specialty automotive insurance provider offers investors high-growth trajectory, scalable membership model, a leading automotive lifestyle brand and a unique value proposition targeting the expansive and growing automotive enthusiast m mehr >>

Goodyear Ventures invests in EV charging and software company Ampup 17.08.2021

Finance: Goodyear Ventures invests in EV charging and software company Ampup

Goodyear announced  that its venture capital arm, Goodyear Ventures, has added AmpUp, a leader in electric vehicle (EV) charging, to its investment portfolio.AmpUp supports the EV driving comm mehr >>

Intelligent Systems - Tech Helps GAC Jump to 176th on the Fortune 500 13.08.2021

Finance: Intelligent Systems - Tech Helps GAC Jump to 176th on the Fortune 500

For almost 25 years, GAC has strengthened independent innovation on the basis of joint ventures and cooperation, as well as through extensively funding of the GAC R&D Centers. This investment in technology has yielded great results: as of August 2, 2021, GAC had jumped 30 places up on the Fortune 500 list to 176th.  mehr >>

Geely will bolster Renault presence in China, says GlobalData 10.08.2021

Finance: Geely will bolster Renault presence in China, says GlobalData

Following the news that Geely Holding Group and Renault Group have agreed to form a hybrid vehicle joint venture with focus on China and South Korea markets;   Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading mehr >>

Goodyear reports second quarter, first half 2021 results 06.08.2021

Finance: Goodyear reports second quarter, first half 2021 results

– Second quarter Goodyear net income of $67 million; adjusted net income of $79 million– Second quarter merger-adjusted segment operating income of $349 million– Global consumer replacement volume continued to exceed industry, driven by large-rim diameter volume– Global consumer OE volume outpaced market, with mehr >>

BMW Group boosts profitability and earnings in second quarter despite semiconductor shortage 03.08.2021

Finance: BMW Group boosts profitability and earnings in second quarter despite semiconductor shortage

The BMW Group continued performing dynamically in the second quarter, setting new record figures for sales, earnings and net profit. Demand for the Group’s premium vehicles has remained strong, with continued good pricing.   mehr >>

Kia announces July 2021 global sales 02.08.2021

Finance: Kia announces July 2021 global sales

    July global sales at 241,399 units, up 8.7% y/y    Sales in Korea at 48,160 units, up 2.4% y/y    Sales outside of Korea rose to 193,239 units, up 10.4% y/y    Kia to maintain sales momentum through competitive vehicles including the EV6 battery electric vehicle and all-new Sportage mehr >>

Volkswagen posts a strong first half 31.07.2021

Finance: Volkswagen posts a strong first half

Volkswagen Passenger Cars brand sees a marked increase in deliveries, sales revenue and earnings in the first half of 2021 despite considerable challenges     Sales revenue of EUR 40.7 billion, operating profit of EUR 1.8 billion, operating net mehr >>

Renault Group is ahead of its "Renaulution" plan 30.07.2021

Finance: Renault Group is ahead of its "Renaulution" plan

    Renault Group should achieve its target of €2 billion cash fixed cost reductions one year ahead of schedule: €1.8 billion have already been achieved of which €0.6 billion during this first half compared to 2019.    Strong positive net price effect (+8.7 points on the Automotive excluding AVTOVAZ revenues), reflecting the mehr >>

Porsche more than doubles operating result 30.07.2021

Finance: Porsche more than doubles operating result

Half-year report: 16.53 billion euros sales revenue and 16.9 percent return on sales   Significant boost in the first six months: in the first half of 2021, Porsche achieved sales revenues of 16.53 billion euros and an operati mehr >>

Successful first half-year for Audi: record deliveries and strong profits 30.07.2021

Finance: Successful first half-year for Audi: record deliveries and strong profits

   Record deliveries: the best first half-year in Audi’s history with 981,681 vehicles delivered to customers         Revenue totals €29.2 billion, operating profit €3.1 billion, operating retur mehr >>

Mitsubishi Motors Announces Production, Sales and Export Figures for June 2021 and First Half of Calendar Year 2021 29.07.2021

Finance: Mitsubishi Motors Announces Production, Sales and Export Figures for June 2021 and First Half of Calendar Year 2021

June 2021     Fiscal Year 2020 (21/04-21/06)     Calendar Year 2021 (21/01-21/06) Volume     YoY(%)     Volume     YoY(%)     Volume     YoY(%) Production mehr >>

Volvo Cars reports record six-month performance in H1 2021 24.07.2021

Finance: Volvo Cars reports record six-month performance in H1 2021

    Revenue of MSEK 141,131 (111,759), +26.3%    Operating income increased to MSEK 13,238 (-989)    EBIT margin of 9.4% (-0.9%)    Basic earnings per share of SEK 163.63 (-35.99)    Retail sales up 41.0%, resulting in approximately 775,000 cars sold for the p mehr >>

Volvo Cars to take full ownership of its Chinese manufacturing and sales operations 22.07.2021

Finance: Volvo Cars to take full ownership of its Chinese manufacturing and sales operations

Volvo Cars has signed an agreement with its parent, Geely Holding, to acquire Geely Holding’s stake in the companies’ joint ventures in China, with the aim of taking full ownership of its car manufacturing plants and sales operations in the country. mehr >>

BMW Group posts strong sales for first half-year 08.07.2021

Finance: BMW Group posts strong sales for first half-year

On course for solid, profitable sales growth in 2021.BMW Group sales +39.1 percent higher year-on-year; 1,339,080 vehicles sold in first six months   - Sales up +7.1 percent from pre-crisis year 2019 - Sales mehr >>

McLaren Automotive appoints George Biggs as Commercial Executive Director 01.07.2021

Finance: McLaren Automotive appoints George Biggs as Commercial Executive Director

Luxury supercar maker McLaren Automotive today announces the appointment of George Biggs to the role of Commercial Executive Director, effective 1 July.George assumes responsibility for global sales mehr >>

BMW i Ventures Announces New $300 Million Venture Capital Fund 01.07.2021

Finance: BMW i Ventures Announces New $300 Million Venture Capital Fund

... to Further Invest in Sustainability, Transportation, Manufacturing and Supply ChainBMW i Ventures announced  the creation of a new $300 million venture capital fund with a strong focus on sustainability. The new fund will invest in early to mid-stage start-ups ope mehr >>

Mitsubishi Motors Announces Production, Sales and Export Figures for May 2021 29.06.2021

Finance: Mitsubishi Motors Announces Production, Sales and Export Figures for May 2021

May 2021     Fiscal Year 2020 (21/04-21/05)     Calendar Year 2021 (21/01-21/05) Volume(unit)     YoY(%)     Volume(unit)     YoY(%)     Volume(unit)     YoY(%) mehr >>

Volkswagen Group secures second highest monthly market share in Europe since 2001 29.06.2021

Finance: Volkswagen Group secures second highest monthly market share in Europe since 2001

    European new car registrations increased last month compared to May 2020, but still far from pre pandemic levels    Volkswagen Group gained traction thanks to SUV and new EV offerings mehr >>

Uber partnership to help Kia strengthen EV share in Europe, says GlobalData 18.06.2021

Finance: Uber partnership to help Kia strengthen EV share in Europe, says GlobalData

Following the news that South Korean automaker Kia has partnered with shared mobility giant Uber to supply electric vehicles (EVs) in Europe; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: mehr >>

Volkswagen invests a further 500 million in sustainable battery activities with Northvolt AB 11.06.2021

Finance: Volkswagen invests a further 500 million in sustainable battery activities with Northvolt AB

    Group participates in financing round with a total of US$2.75 billion and continues to hold about 20 percent of the shares in the Swedish cell producer    Funds to be used for capacity expansion in production, recycling and research and development    Arno Antlitz, Group Board Member for Finance a mehr >>

Goodyear to present at Deutsche Bank Virtual Investor Conference 10.06.2021

Finance: Goodyear to present at Deutsche Bank Virtual Investor Conference

The Goodyear Tire & Rubber Company today said it will webcast its presentation during the Deutsche Bank Global Auto Industry Conference on June 16, 2021.Darren R. Wells, executive vice president and chief financial officer, will provide a business overview. mehr >>

EU budget 2022: Speeding up Europe's recovery and progressing towards a green, digital and resilient future 09.06.2021

Finance: EU budget 2022: Speeding up Europe's recovery and progressing towards a green, digital and resilient future

The Commission has today proposed an annual EU budget of €167.8 billion for 2022, to be complemented by an estimated €143.5 billion in grants under NextGenerationEU. Their combined firepower will mobilise significant investments to boost the economic recovery mehr >>

Draft annual EU budget 2022 - Questions and answers 09.06.2021

Finance: Draft annual EU budget 2022 - Questions and answers

  1.  What are the priorities of the draft budget for 2022?The EU budget is the centrepiece of the Union's recovery efforts, aiming to get Europe back on track following the COVID-19 pandemic and its consequences. mehr >>

FLA - Consumer car finance market boost in April as showrooms re-open 07.06.2021

Finance: FLA - Consumer car finance market boost in April as showrooms re-open

New figures released today by the Finance & Leasing Association (FLA) show that the consumer car finance market reported growth in new business volumes of 1276% in April 2021 compared with the same month in 2020. In the first four months of 2021, new business volumes were 13% higher than in the same period in 2020. mehr >>

American Honda Sets All-time Monthly Sales Record in May 03.06.2021

Finance: American Honda Sets All-time Monthly Sales Record in May

    American Honda set an all-time sales record for any month on sales of 176,815 in May       Honda brand light trucks set new all-time monthly sales record, helping the brand to record May s mehr >>

Kia announces May 2021 global sales 01.06.2021

Finance: Kia announces May 2021 global sales

    May global sales at 245,994 units, up 49.2% y/y    Sales in Korea at 47,901 units, down 6.4% y/y    Sales outside of Korea jumped to 198,093 units, up 74.2% y/y    Kia to create sales momentum through new models, including the Kia EV6 battery electric vehicle and all-new Sportag mehr >>

Roland Villinger appointed new Head of Corporate and Product Strategy at SKODA AUTO 31.05.2021

Finance: Roland Villinger appointed new Head of Corporate and Product Strategy at SKODA AUTO

- Roland Villinger will have responsibility for the newly created area of ‘Corporate and Product Strategy’ at ŠKODA AUTO as of 1 June 2021   - ‘Corporate Development and Digitalisation’ and &lsqu mehr >>

Mitsubishi Motors Announces Production, Sales and Export Figures for April 2021 28.05.2021

Finance: Mitsubishi Motors Announces Production, Sales and Export Figures for April 2021

April 2021     Fiscal Year 2020 (21/04-21/04)     Calendar Year 2021 (21/01-21/04) Volume(unit)     YoY(%)     Volume(unit)     YoY(%)     Volume(unit)     YoY(%) mehr >>

Dometic acquires Front Runner Vehicle Outfitters 21.05.2021

Finance: Dometic acquires Front Runner Vehicle Outfitters

On May 20, 2021, Dometic entered into an agreement to acquire Front Runner Vehicle Outfitters – a global provider of high-qualitive products for the outdoor market headquartered in South Africa.SUMMARY   • This mehr >>

Hagerty compares the depreciation of modern supercars 21.05.2021

Finance: Hagerty compares the depreciation of modern supercars

    Hagerty studies the depreciation curve of modern supercars from Ferrari, Aston Martin, and Porsche    Analysts found that high-profile launches, with cars selling for over list, may damage residual values in the short-term    Italian supercars depreciate less than their British counterparts, with mehr >>

BMW Ad-hoc announcement: Partial release of the provision with respect to EU antitrust proceedings 21.05.2021

Finance: BMW Ad-hoc announcement: Partial release of the provision with respect to EU antitrust proceedings

Based on the progress of the proceedings, BMW AG expects, compared with the statement of objections of 5 April 2019, that the EU Commission will significantly reduce its allegations against BMW AG in terms of content and duration. The subject matt mehr >>

UNCTAD - Global trade's recovery from Covid-19 crisis hits record high 19.05.2021

Finance: UNCTAD - Global trade's recovery from Covid-19 crisis hits record high

•    Global trade’s recovery from the COVID-19 crisis hit a record high in the first quarter of 2021, increasing by 10% year-over-year and 4% quarter-over-quarter, according to UNCTAD’s Global Trade Update released on 19 May.FULL Trade update mehr >>

Lexus achieves cumulative global sales of two million electrified vehicles 18.05.2021

Finance: Lexus achieves cumulative global sales of two million electrified vehicles

    19 million tons cumulative reduction in CO2 emissions since 2005    Lexus’ first plug-in hybrid model to be launched in 2021, followed by a completely new, dedicated all-electric model in 2022    More than 10 electrified models to be launched by 2025    Carbon neut mehr >>

Mazda closes fiscal year with positive profit 15.05.2021

Finance: Mazda closes fiscal year with positive profit

    Strong recovery in the second half of the fiscal year brought in positive profit    Positive outlook on sales and profits despite challenging market environmentThe Mazda Motor Corporation today announced mehr >>

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