Top Story: 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 its financial results. Turnover reached €592 million, up 13.3% compared with the first three months of 2021. The Operating profit also showed an increase compared with the previous year, up 25%, going from €142 to €178 million. more > cellspacing="1">

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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 >>

A record-breaking first quarter for Lamborghini: the best ever 14.04.2022

Finance: A record-breaking first quarter for Lamborghini: the best ever

Winkelmann: “Every month the orders we take outstrip our production”Lamborghini continues to soar in the first quarter of 2022, with a total of 2,539 vehicles delivered globally, making Q1 the company’s best-ever quarter. T mehr >>

BMW Group steps up rapid pace of growth in electromobility and more than doubles sales 12.04.2022

Finance: BMW Group steps up rapid pace of growth in electromobility and more than doubles sales

...of fully-electric vehicles in first quarter- BMW Group sells total of 596,907 units in Q1 - US market up 3.7% with 80,590 BMW and MINI vehicles sold - First-quarter BEV sales climb 149 percent - Pieter Nota: “Our focus is on ramping up electromobility. We are fully on track to meet our ambitious growth targets for full mehr >>

MG Motor UK breaks more sales records in Q1 07.04.2022

Finance: MG Motor UK breaks more sales records in Q1

    MG Motor UK builds on record-breaking 2021 with stellar Q1 sales results    Brand’s sales for first three months of the year exceed those for the whole of 2019    Figure represents growth of 124.6 percent year-on-year    MG Motor UK remains the nation’s fastest-growing mainstr mehr >>

Everrati adds bespoke finance offering through JBR Capital for its range of electrified classics 05.04.2022

Finance: Everrati adds bespoke finance offering through JBR Capital for its range of electrified classics

    Leading creator of redefined electric icons working with top high-end automotive financer    Both individuals and businesses can now arrange tailored finance for an Everrati product through JBR Capital mehr >>

Thomas Schäfer named new Chief Operating Officer at Volkswagen brand 04.04.2022

Finance: Thomas Schäfer named new Chief Operating Officer at Volkswagen brand

New Volkswagen COO: Thomas Schäfer  Schäfer appointed new CEO of the Volkswagen brand effective July 1, 2022 and joins the Group Board of Management  K mehr >>

Yanmar Acquires Majority Ownership in Battery Technology Company ELEO 04.04.2022

Finance: Yanmar Acquires Majority Ownership in Battery Technology Company ELEO

Yanmar Holdings Co., Ltd., a privately held multi-billion dollar multinational company headquartered in Osaka, Japan, today officially announced it has acquired a majority share in ELEO Technologies B.V., a fast-growing battery technology company based in Helmond, the Netherlands. mehr >>

American Honda Posts Strong March Sales with Slight Improvement in Product Supply 02.04.2022

Finance: American Honda Posts Strong March Sales with Slight Improvement in Product Supply

    American Honda sales near 110,000 units, best since August 2021, on improved supply and sustained demand     Honda sets new monthly record for electrified vehicles on strong sales of CR-V Hybrid and Accord Hybrid    HR-V scored a 14th straight monthly sales record as March sales mehr >>

Stellantis Signs Binding Agreements with European Financing Partners 02.04.2022

Finance: Stellantis Signs Binding Agreements with European Financing Partners

After having entered into exclusive negotiations on December 17, 2021, Stellantis N.V. today announced the signing of binding agreements with BNP Paribas Personal Finance (“BNPP PF”), Crédit Agricole Consumer Financ mehr >>

Kia announces March 2022 global sales results 01.04.2022

Finance: Kia announces March 2022 global sales results

    March global sales at 250,646 units, down 0.9% y/y    Sales outside of Korea recorded 205,580 units, up 1.8% y/y    Sales in Korea recorded 45,066 units, down 11.7% y/y    Kia to continue creating sales momentum and enhancing profitability through new models, such as the all-new Nir mehr >>

BMW Financial Services North America Appoints New CEO 01.04.2022

Finance: BMW Financial Services North America Appoints New CEO

BMW Financial Services NA, LLC announced today that Birgit Boehm would succeed Stefan Richman as the CEO of BMW Group Financial Services in the U.S. and Region Americas, effective April 1. mehr >>

Global automakers earmark nearly US$600bn for EVs over next decade, finds GlobalData 01.04.2022

Finance: Global automakers earmark nearly US$600bn for EVs over next decade, finds GlobalData

Aggressive emission and carbon neutrality targets set by regulators worldwide entails a faster transition from traditional automakers to next-gen electric vehicle (EV) manufacturers. Therefore, automakers are committing operational investments of nearly US$600bn mehr >>

Goodyear Ventures expands portfolio with Nova Labs investment to advance connected mobility on the helium network 31.03.2022

Finance: Goodyear Ventures expands portfolio with Nova Labs investment to advance connected mobility on the helium network

The Goodyear Tire & Rubber Company announced that its venture capital arm, Goodyear Ventures, has added Nova Labs, formerly Helium Inc., to its growing investment portfolio.Nova Labs is the pioneer of dec mehr >>

Suzuki Motor to fortify Indian presence with new EV investments, observes GlobalData 21.03.2022

Finance: Suzuki Motor to fortify Indian presence with new EV investments, observes GlobalData

Following the news that Suzuki Motor plans to invest INR104.4bn (US$1.37bn) in its Indian factory to produce electric vehicles (EVs) and batteries;Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: mehr >>

SAIC joins league of global automakers with US$43bn investment in next-gen mobility, observes GlobalData 15.03.2022

Finance: SAIC joins league of global automakers with US$43bn investment in next-gen mobility, observes GlobalData

Following the news that Chinese automaker SAIC Motor plans to invest US$43bn in advanced technologies through 2025;Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “The move comes as a m mehr >>

BMW Group acquires the ALPINA brand - Expanding the portfolio 10.03.2022

Finance: BMW Group acquires the ALPINA brand - Expanding the portfolio

- Pieter Nota: “Top-quality car cachet” - Long-term future of ALPINA brand secured - Andreas Bovensiepen: “This marks the beginning of a new chapter for ALPINA and BOVENSIEPEN” - Existing cooperation agreement expires at end of 2025 - New direction at Buchloe site mehr >>

BMW Group Investing More Than $200 Million to Add New Press Shop at South Carolina Plant 03.03.2022

Finance: BMW Group Investing More Than $200 Million to Add New Press Shop at South Carolina Plant

- Press Shop Will Add More Than 200 Jobs - Three-Year Construction Project Will Start Production in 2024   BMW Group will invest more than $200 million to construct a 219,000 square foot press shop at its South Caro mehr >>

Supply Issues and Winter Storm Landon Constrain American Honda February Sales Momentum 01.03.2022

Finance: Supply Issues and Winter Storm Landon Constrain American Honda February Sales Momentum

    Multiple supply issues and Winter Storm Landon disrupt progress in improving vehicle inventory       Customer demand remains strong with nearly 60% of vehicles en route to dealers pre-sold mehr >>

Authentic Brands Group Finalizes the Acquisition of Reebok 01.03.2022

Finance: Authentic Brands Group Finalizes the Acquisition of Reebok

Authentic Brands Group (ABG) today announced that it has completed the acquisition of Reebok from adidas. As it ushers in its largest acquisition to date, the global brand development, marketing and entertainment company is charting a new path for Reebok.&ldquo mehr >>

Laurent David is appointed Senior Vice President, Controller, Renault Group 28.02.2022

Finance: Laurent David is appointed Senior Vice President, Controller, Renault Group

As of March 1, 2022, Laurent David, currently Chief Financial Officer for Dacia and Lada brands, has been appointed Senior Vice President, Controller, Renault Group. He becomes a member of Renault Group Corporate Management Committee and will report to Thierry Piéton, Chief Financial Officer, Renault Group. mehr >>

Stellantis Employees Benefit from Company’s 2021 First Full Year Financial Results 24.02.2022

Finance: Stellantis Employees Benefit from Company’s 2021 First Full Year Financial Results

    In all countries where Stellantis is present, employees1 benefit from the Company’s results in first year     €1.9 billion redistributed, €770 million more than the cumulative amount redistributed last year by each of the previous legacy companies, representing 70% increase   mehr >>

Stellantis Full Year 2021 Results 24.02.2022

Finance: Stellantis Full Year 2021 Results

Stellantis Posts Record Results in its First Year with 11.8% AOI Margin(1)(2) and €13.4 Billion Net Profit(1), on a Pro Forma basis    Net revenues (1) of €152 billion, up 14%    Adjusted operating mehr >>

Renault Group exceeds its 2021 targets and accelerates its Renaulution strategy 19.02.2022

Finance: Renault Group exceeds its 2021 targets and accelerates its Renaulution strategy

    2021 financial outlook largely exceeded:        2021 operating margin: 3.6% (vs. operating margin outlook of the same order as H1 2021 ie 2.8%) reaching, 2 years ahead of schedule, the Renaulution objective of an operating margin above 3% in 2023      &n mehr >>

Goodyear to participate in Wolfe Research Virtual Investor Conference 19.02.2022

Finance: Goodyear to participate in Wolfe Research Virtual Investor Conference

The Goodyear Tire & Rubber Company said it will participate in a fireside chat during Wolfe Research’s 2022 Global Auto, Auto Tech and Mobility Conference on Feb. 24, 2022, at 3:50 p.m. EST. Rod Lache, managing director at Wolfe Resea mehr >>

Thierry Piéton appointed Chief Financial Officer of Renault Group 19.02.2022

Finance: Thierry Piéton appointed Chief Financial Officer of Renault Group

As of March 1st, 2022, Thierry Piéton, currently Deputy Chief Financial Officer and Controller, is appointed Chief Financial Officer of Renault Group. He becomes a member of the Board of Management (BOM) of Renault Group and will report to Luca de Meo, CEO of Renault Group. mehr >>

Audi achieves milestone - New production site for electric models in China 17.02.2022

Finance: Audi achieves milestone - New production site for electric models in China

   Planning and approval stage completed: Construction on new e-car plant in Changchun to begin; completion by the end of 2024        CEO Markus Duesmann: “Central role in the Four Rings’ electrification strategy in China”        Production of PPE-based electric cars f mehr >>

Goodyear reports fourth quarter, full-year 2021 results 12.02.2022

Finance: Goodyear reports fourth quarter, full-year 2021 results

Net sales growth of 38% compared with the fourth quarter of 2020, 12% growth excluding the Cooper Tire transactionFourth quarter Goodyear net income of $553 million; adjusted net income of $162 millionMerger-adjusted segment operating income of $398 million, up 32% compared to the fourth quarter of 2020Continu mehr >>

Goodyear to participate in virtual fireside chat hosted by Deutsche Bank 12.02.2022

Finance: Goodyear to participate in virtual fireside chat hosted by Deutsche Bank

The Goodyear Tire & Rubber Company said today it will participate in a fireside chat hosted by Deutsche Bank on Feb. 14, 2022, at 2 p.m. EST.Emmanuel Rosner will host Darren R. Wells, executive vice president and chief financial officer, in a post-earnings vir mehr >>

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