Top Story: Porsche increases stake in Rimac Automobili to 24 percent

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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Porsche increases stake in Rimac Automobili to 24 percent 08.03.2021

Finance: Porsche increases stake in Rimac Automobili to 24 percent

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 mehr >>

New Alfa Romeo Brand Organisation 06.03.2021

Finance: New Alfa Romeo Brand Organisation

Alfa 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 >>

Changes to Porsche AG’s Executive Board 05.03.2021

Finance: Changes to Porsche AG’s Executive Board

Uwe-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 >>

Volvo Cars reports 29.1 per cent sales growth in the first two months of 2021 05.03.2021

Finance: Volvo Cars reports 29.1 per cent sales growth in the first two months of 2021

Volvo 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 >>

Stellantis announces conditional distribution of Faurecia shares and cash 05.03.2021

Finance: Stellantis announces conditional distribution of Faurecia shares and cash

Stellantis 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 >>

Stellantis publishes agenda for the 2021 AGM 05.03.2021

Finance: Stellantis publishes agenda for the 2021 AGM

Stellantis 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 >>

Brembo Q4 2020 results 04.03.2021

Finance: Brembo Q4 2020 results

BREMBO: 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 >>

Daimler Buses did well in fiscal year 2020 despite COVID-19 and continues to drive CO2-neutral passenger transport 04.03.2021

Finance: Daimler Buses did well in fiscal year 2020 despite COVID-19 and continues to drive CO2-neutral passenger transport

    Fiscal 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 >>

Mercedes-Benz Bank successful in challenging market environment in 2020 04.03.2021

Finance: Mercedes-Benz Bank successful in challenging market environment in 2020

    Contract 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 >>

Stellantis NV Strong 2020 Results 04.03.2021

Finance: Stellantis NV Strong 2020 Results

Further 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 >>

Honda and Acura Trucks Set New February Sales Records 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 >>

Marc Lechantre appointed Responsible Used Vehicles for Stellantis 02.03.2021

Finance: Marc Lechantre appointed Responsible Used Vehicles for Stellantis

Effective 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 >>

Matt Harrison to be appointed President and CEO of Toyota Motor Europe and CEO 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 >>

Supervisory Board of AUDI AG appoints new Member of the Board of Management for Finance and Legal Affairs 01.03.2021

Finance: Supervisory Board of AUDI AG appoints new Member of the Board of Management for Finance and Legal Affairs

Supervisory 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 >>

Oliver Hoffmann named new Member of the Audi Board for Technical Development 24.02.2021

Finance: Oliver Hoffmann named new Member of the Audi Board for Technical Development

Supervisory 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 >>

Tesla Delivered 180,600 Vehicles in Q4 2020 - 30% More than Q3 23.02.2021

Finance: Tesla Delivered 180,600 Vehicles in Q4 2020 - 30% More than Q3

Tesla 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 >>

LKQ Europe tops second half 2020 segment EBITDA margin outlook 22.02.2021

Finance: LKQ Europe tops second half 2020 segment EBITDA margin outlook

Strong 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 >>

Renault Board of Directors communication 18.02.2021

Finance: Renault Board of Directors communication

Groupe 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 >>

AAAM and Afreximbank sign an MoU to drive Automotive Investment in Africa 18.02.2021

Finance: AAAM and Afreximbank sign an MoU to drive Automotive Investment in Africa

also 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 >>

Daimler confident for 2021 18.02.2021

Finance: Daimler confident for 2021

    Financial 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 >>

Ford Europe Goes All-In on EVs on Road to Sustainable Profitability; Cologne Site Begins $1 Billion Transformation 18.02.2021

Finance: Ford Europe Goes All-In on EVs on Road to Sustainable Profitability; Cologne Site Begins $1 Billion Transformation

    Ford 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 >>

UK bus and coach registrations decline -32.0% as Covid hits 2020 market 18.02.2021

Finance: UK bus and coach registrations decline -32.0% as Covid hits 2020 market

BUS 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 >>

UK Heavy Goods Vehicle registrations fall -32.2% in 2020 as operators postpone fleet renewal 18.02.2021

Finance: UK Heavy Goods Vehicle registrations fall -32.2% in 2020 as operators postpone fleet renewal

HEAVY 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 >>

Indonesia off-track with its target of exporting one million vehicles by 2024, says GlobalData 16.02.2021

Finance: Indonesia off-track with its target of exporting one million vehicles by 2024, says GlobalData

Following 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 >>

FLA Members provided £113 billion of new business in 2020 12.02.2021

Finance: FLA Members provided £113 billion of new business in 2020

New 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 >>

FLA: Consumer car finance new business volumes fell by 12% in December 2020 12.02.2021

Finance: FLA: Consumer car finance new business volumes fell by 12% in December 2020

New 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 >>

BMW Manufacturing Is Largest U.S. Automotive Exporter by Value for 7th Consecutive Year. 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 >>

UNCTAD - Global Trade Update February 2021 09.02.2021

Finance: UNCTAD - Global Trade Update February 2021

East 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 >>

Nissan contributes - € 123 million for fourth quarter 2020 to Renault's earnings 09.02.2021

Finance: Nissan contributes - € 123 million for fourth quarter 2020 to Renault's earnings

  Nissan 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 >>

Auto makers’ credit losses stay low despite economic effects of coronavirus crisis 09.02.2021

Finance: Auto makers’ credit losses stay low despite economic effects of coronavirus crisis

Credit 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 >>

Stellantis 2021 Corporate Calendar 05.02.2021

Finance: Stellantis 2021 Corporate Calendar

  Stellantis 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 >>

Van market starts new year with a boost, up 2.0% in January 05.02.2021

Finance: Van market starts new year with a boost, up 2.0% in January

    UK 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 >>

Q1 2021 Industry Outlook Survey Results – FLA members see opportunities for growth 05.02.2021

Finance: Q1 2021 Industry Outlook Survey Results – FLA members see opportunities for growth

The 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 >>

New UK car registrations fall -39.5% as showroom closures stifle demand 05.02.2021

Finance: New UK car registrations fall -39.5% as showroom closures stifle demand

    Just 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 >>

Volvo Cars’ global sales grew 30.2 per cent in January 04.02.2021

Finance: Volvo Cars’ global sales grew 30.2 per cent in January

Starting 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 >>

REE Automotive to list on NASDAQ through merger with 10X Capital Venture Acquisition Corp 04.02.2021

Finance: REE Automotive to list on NASDAQ through merger with 10X Capital Venture Acquisition Corp

    REE 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 >>

Daimler plans a fundamental change in its structure 04.02.2021

Finance: Daimler plans a fundamental change in its structure

Daimler 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 >>

Ford Invests $1 Billion (R15.8) to Modernize, Expand South African Manufacturing for All-New Ranger; Adds 1,200 Jobs 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 >>

Pietro Gorlier is appointed Stellantis Chief Parts and Services Officer 01.02.2021

Finance: Pietro Gorlier is appointed Stellantis Chief Parts and Services Officer

Effective 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 >>

Kia announces January global sales 01.02.2021

Finance: Kia announces January global sales

    January 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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