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Top Story: Stellantis Invests €130 Million in Eisenach Assembly Plant in Germany for Electric Opel Grandland Successor |
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| • New battery electric vehicle (BEV) production on the STLA Medium platform set to launch in the second half of 2024• Plant allocation supports Opel’s bold commitment to fully electric lineup by 2028• Current Eisenach production includes Opel Grandland plug-in electric hybrid• Electrification of Stellantis products supports goals of Dare Forward 2030 strategic plan Stellantis announ more > cellspacing="1"> |
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23.03.2023
Finance: Stellantis Invests €130 Million in Eisenach Assembly Plant in Germany for Electric Opel Grandland Successor• New battery electric vehicle (BEV) production on the STLA Medium platform set to launch in the second half of 2024• Plant allocation supports Opel’s bold commitment to fully electric li mehr >> |
22.03.2023
Finance: SEAT S.A. posts annual turnover of 10.5 billion euros, second highest in company’s history2022 was the year of the company’s financial turnaround Operating profit increased by 550 million euros to 179 million euros before one-time restructuring cost provision of 293 million euros; profit after tax incr mehr >> |
22.03.2023
Finance: Stellantis and Crédit Agricole Consumer Finance Joint Venture Plans to Acquire Activities of ALD in Portugal and LeasePlan in LuxembourgNewCo, resulting from the consolidation of Leasys and Free2move Lease and owned equally by Stellantis and Crédit Agricole Consumer Finance, continues to strengthen its position to be a leading leasing provider in Europe Represents another strategic move from Stellantis’ Financial Services business to contrib mehr >> |
22.03.2023
Finance: BMW i Ventures Co-Leads Investment in New Electric Motor Technology: DeepDrive.BMW i Ventures announced a co-lead investment in the $16.1M Series A round for startup DeepDrive. DeepDrive has developed a cost and resource efficient dual-rotor motor, extending the range of electric vehicles. Other investors include UVC Partners, Bayern Kapital with Wachstumsfonds Bayern, and Continental’s Corporate Venture Capital Unit. The company is also backed by renowned automotiv mehr >> |
16.03.2023
Finance: Ducati overcomes 1 billion euros revenue for the first time in its history• Ducati posts the numbers of its record 2022: more than 1 billion euros revenue, record operating profit of 109 million euros and record sales performance of 61,562 motorcycles delivered mehr >> |
13.03.2023
Finance: McLaren Automotive welcomes three new highly experienced industry professionals to its executive management teamMcLaren Automotive today announces the appointment of three new senior leaders to its executive management board, each bringing a wealth of international automotive industry skills and experience.Jorg Laser has joined the company in t mehr >> |
13.03.2023
Finance: Porsche achieves record figures and starts Road to 20 programmeSports car manufacturer successfully concludes year of IPO„In difficult conditions, we achieved the strongest result in the history of Porsche, by some distance.” CEO Oliver Blume and CFO Lutz Meschke are satisfied with the results of the fiscal year 2022. mehr >> |
09.03.2023
Finance: Walter Mertl named new BMW AG CFOThe Supervisory Board of BMW AG appointed Walter Mertl (49) as the new Board of Management member responsible for Finance during its meeting today. He takes over from Nicolas Peter (60), who will retire after the Annual General Meeting on 11 May 2023. mehr >> |
28.02.2023
Finance: CAKE and FCA Bank sign pan-European financial partnershipCAKE, the Swedish maker of premium, lightweight, electric motorcycles enters a financial partnership agreement with FCA Bank. The bank with almost a hundred years of experience in car financing, leasing and mobility, will offer financial solutions to CAKE customers on all their two wheel platforms. mehr >> |
28.02.2023
Finance: Stellantis Announces $155 Million Investment in Three Indiana Plants to Support North American Electrification GoalsCompany to localize production of new electric drive module (EDM) in Kokomo EDM provides all-in-one solution for electric vehicle powertrains, delivering improved perfor mehr >> |
28.02.2023
Finance: Mitsubishi Corporation invests in Swedish BiofuelsSwedish Biofuels AB announced today an investment by Mitsubishi Corporation to jointly accelerate commercial deployment of clean renewable fuels using Swedish Biofuels advanced alcohol to jet (ATJ) technology. The technology produces fully form mehr >> |
27.02.2023
Finance: Stellantis Announces Strategic Copper Investment in Argentina, Reinforcing Commitment to Reaching Carbon Net Zero by 2038$155 million investment in McEwen Copper helps Stellantis secure projected copper demand starting in 2027 Stellantis becomes second largest shareholder Sustainable copper mine, Los Azules project, to be located in Argentina Cathode copper is a strategic raw material f mehr >> |
24.02.2023
Finance: 2022: the year of turnaround for Alfa Romeo• Alfa Romeo has strongly supported the 2022 Stellantis results, confirming the successful turnaround, with an operating performance improvement as a very profitable brand. • 2022 ha mehr >> |
22.02.2023
Finance: Stellantis Employees Rewarded with Record €2 Billion Worldwide Linked to Full Year 2022 Performance€200 million more than for full year 2021, as Stellantis achieved record results in 2022 despite a challenging, supply-constrained year for the industry Stellantis compensation and benefit policy is based on Stellantis&rsqu mehr >> |
21.02.2023
Finance: Philippe Krief is appointed Alpine VP, Engineering & Product PerformanceFrom 6th March 2023, Philippe Krief is appointed VP, Engineering & Product Performance, as well as Managing Director of Alpine Cars. He will also join the Alpine Management Committee chaired by Alpine CEO Laurent Rossi. Robert Bonetto, VP Engineering, and Sovany Ang, VP Product Performance, will report directly to Ph mehr >> |
13.02.2023
Finance: Renault and Nissan renew commitment to Indian operations through new investment and vehicles$600m USD/₹5300 crores INR investment supporting six new models to be made in India, including two electric vehicles Additional R&D activities to create up to 2,000 new jobs Chennai factory to become a carbon-neutral vehicle plant mehr >> |
13.02.2023
Finance: Toyota enhances its executive structure to ensure continued growth and accelerated transformationToyota will enhance its executive structure in Europe to ensure continued growth and success.This is part of a global approach, announced today by Toyota Motor Corporation under the theme of “Inheritance and Evolution&rdq mehr >> |
08.02.2023
Finance: Goodyear reports fourth quarter and full-year 2022 financial resultsThe Goodyear Tire & Rubber Company today reported results for the fourth quarter and full-year 2022 in an Investor Letter published to its investor relations website: http://investor.goodyear.com. mehr >> |
03.02.2023
Finance: Renault Group, Nissan and Mitsubishi Motors will hold a joint conference on February 6th in LondonFurther to their statement made on January 30th, Renault Group, Nissan Motor Co., Ltd and Mitsubishi Motors Corporation announce that they plan to hold a joint conference in London on Monday February 6th, 2023 at 8.30 (London time). mehr >> |
30.01.2023
Finance: Stellantis Announces 2023 Corporate CalendarStellantis N.V. announced today the following corporate calendar for 2023(1): February 22, 2023Full Year 2022 Results &nb mehr >> |
30.01.2023
Finance: Renault statementAfter several months of constructive discussions with Nissan Motor Co., Ltd, Renault Group today announced that, subject to the approval of its board of directors, it has reached an important milestone in its discussions on defining new foundations for their partnership. mehr >> |
28.01.2023
Finance: Mitsubishi drives towards growth• Mitsubishi Motors SA looks forward to continuing their growth momentum.• A variety of initiatives have been put in place to assist the Mitsubishi dealer network.• The brand will launch a number of new and updated models during 2023. mehr >> |
27.01.2023
Finance: Goodyear announces cost savings actionsThe Goodyear Tire & Rubber Company today announced cost savings actions in response to a challenging industry environment and cost pressure driven by inflation. Planned rationalization and workforce reorganization would result in an a mehr >> |
25.01.2023
Finance: Goodyear to announce fourth quarter and full-year 2022 financial resultsThe Goodyear Tire & Rubber Company will report fourth quarter and full-year 2022 financial results after market close on Wednesday, Feb. 8, followed by an investor conference call at 8:30 a.m. EST on Thursday, Feb. 9.The C mehr >> |
25.01.2023
Finance: Fabrice Cambolive appointed Chief Executive Officer of Renault brandAs of February 1st, 2023, Fabrice Cambolive is appointed CEO of the Renault brand. Member of the Renault Group Leadership Team, he will report to Luca de Meo, CEO of Renault Group.In his new role, Fabrice Cambolive will work together with the Re mehr >> |
17.01.2023
Finance: Renault gains traction with electrified range and high value businessRenault worldwide sales up to 1,466,729 units*, out of which 832,605 made in Europe, and 634,124 on international markets. Renault, third brand on pure EV market and second brand on full-hybrid market in Europe. Better model mix with strong growth on C-segment in Europe (+21%) th mehr >> |
16.01.2023
Finance: Toyota Motor Europe’s market share increases to a record 7.3% in 2022, +0.9% points year-on-year- TME outperformed the overall European automotive market with total vehicle sales of 1,080,975- Toyota brand consolidates its 2nd place as best-selling passenger car brand in Europe for a second year running- Strong customer demand for Toyota and Lexus’ multi-technology line-up sees electrified vehicle sales climb b mehr >> |
11.01.2023
Finance: CUPRA increases sales by 93% in 2022 and drives the financial turnaround of SEAT S.A.CUPRA hit all-time high with over 150,000 vehicles delivered The unconventional challenger became Europe’s fastest growing car brand Overall SEAT S.A. deliveries fell 18.1% to 385,600 due to supply shortages Faced with fewer essential parts, SEAT S.A mehr >> |
09.01.2023
Finance: Success of the Renault Group shareholding planRenault Group has successfully finalised its Renaulution Shareplan, open to all employees. More than 95,000 employees will benefit from 6 free shares. Among them, more than 40,000 have also subscribed to shares at a preferential price of 22.02 euros. In total, with nearly 2.7 million additional sh mehr >> |
03.01.2023
Finance: Kia Announces 2022 Global Sales and 2023 TargetsKia’s global sales in 2022 reached 2.9 million units, up 4.6% year-on-year; Sales in overseas markets increased 5.4% year-on-year Kia sets target to sell 3.2 million units globally in 2023; Maintaining sales growth with new regional strategy and EV leadership mehr >> |
20.12.2022
Finance: Hyundai Motor Group Announces 2022 Second−half Executive AppointmentsNew appointments signal HMG commitment to innovation while maintaining stability to best respond to business environment uncertainties Top performers in Design, Brand and Overseas Business promoted:&nbs mehr >> |
20.12.2022
Finance: Mike Song named new Global Head of GenesisSong appointed new Global Head of Genesis while retaining existing COO role, effective January 1, 2023 New leadership to accelerate Genesis' global presence and performance through clear brand vision. mehr >> |
19.12.2022
Finance: Porsche takes fast lane into the DAXSports car manufacturer secures ‘fast entry’ into the German stock index• Company joins Germany’s leading stock index at the earliest possible date after going public 81 days ago.• mehr >> |
15.12.2022
Finance: Renault Group: Renewal of the term of office of the Chairman and appointment of the Chief Executive Officer as a DirectorThe Board of Directors of Renault, which met today, unanimously decided, upon the recommendation of the Governance and Compensation Committee, to propose to the Shareholders’ General Meeting scheduled for May 11, 2023, the renewal of the term of office of Jean-Dominique Senard as Director. mehr >> |
09.12.2022
Finance: New CEO for Porsche Cars Great BritainKrishan Bodhani takes over at Porsche Cars Great Britain from 1 February 2023.• New CEO for fourth-largest Porsche market worldwide.• Krishan Bodhani joins from Mercedes-Benz Europ mehr >> |
06.12.2022
Finance: Ample opportunities for utilities willing to invest in EV infrastructure, says GlobalDataThe rise of electric vehicles (EVs) will bring about both enormous opportunities and challenges for the power industry. With planned investments and policies, the utilities will be able to serve new markets. Utilities should collaborate with EV manufacturers to bo mehr >> |
05.12.2022
Finance: BMW Group partners with THACO to start local production in Chu Lai, Quang Nam Province, Vietnam- Strategy: production follows market - Vietnam important growth market for BMW Group Asia - Local production of BMW 3 and 5 Series as well as BMW X3 and X5 BMW Group is excited to partner with Tru mehr >> |
02.12.2022
Finance: Norma Clayton elected to Goodyear Board of DirectorsThe Goodyear Tire & Rubber Company today announced the election of Norma B. Clayton to its Board of Directors, effective Nov. 28, 2022. “We are very pleased to w mehr >> |
01.12.2022
Finance: The Little Car Company launches Series B funding as it expands production and workforce...following surging global demand• The Little Car Company has commenced its Series B funding round as it scales up to meet unprecedented demand • Momentum rapidly accelerating a mehr >> |
01.12.2022
Finance: American Honda November sales totaled nearly 80,000 unitsHonda crossovers lead the way with all-new CR-V sales of almost 20,000 units and all-new HR-V over 9,000 units, logging its best month since June All-new Pilot goes on-sale in December and is alr mehr >> |
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