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Top Story: BMW of North America Reports Q2 2020 Sales Results |
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| BMW of North America announced Q2 2020 sales results for the BMW and MINI brands in the U.S. For the sales period ending June 30, 2020, BMW brand sales totaled 50,957 vehicles, a decrease of 39.3% vs the 83,976 vehicles sold in the same time period last year.* MINI brand sales totaled 5,288 vehicles, a decrease of 41.5% vs the 9,044 vehicles sold in the first quarter of 2019.*Since the onset of the global pandemic in the U.S. in mid-March, BMW has instituted a number of measures to s mehr >> |
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02.07.2020
Finance: BMW of North America Reports Q2 2020 Sales ResultsBMW of North America announced Q2 2020 sales results for the BMW and MINI brands in the U.S. For the sales period ending June 30, 2020, BMW brand sales totaled 50,957 vehicles, a decrease of 39.3% vs the 83,976 vehicles sold in the same time period last year.* MINI brand sales totaled 5,288 vehicles, a decrease of 41.5% vs the 9,044 vehicles sold in the first quarter of 2019.* mehr >> |
02.07.2020
Finance: American Honda Sales Continue Recovery, Despite Inventory Issues and COVID-19 Business ChallengesSteady sales reflect good demand while variable supplies limit potentialQ2 American Honda Total 293,502 -27.9%Cars 122,665 -34.5%Truc mehr >> |
01.07.2020
Finance: Groupe PSA becomes a major player in connected car insurance• A pioneer in connected vehicles, Groupe PSA uses on-board technology to enable an innovative insurance option that works remotely.• With its Connected Insurance option, PSA Assurance motivates policyholders to drive respons mehr >> |
01.07.2020
Finance: Christian Müller appointed new Head of Powertrain & Chassis Engineering for the Group• Christian Müller, current Opel R&D chief, succeeds Alain Raposo at Groupe PSA level with the same responsibilities• Marcus Lott to follow Christian Müller as Vice President Opel/Vauxhall Engineering mehr >> |
29.06.2020
Finance: Mitsubishi Motors announces production,sales and export figures for May 2020May 2020 Fiscal Year 2020 (20/4-20/5) Calendar Year 2020 (20/1-20/5) Volume YoY(%) Volume YoY(%) Volume YoY(%)Production mehr >> |
27.06.2020
Finance: UK car production falls -95.4% in May as sector begins to restartBritish car production falls -95.4% in May with plants either closed or restarting at reduced capacity. Just 5,314 units roll off production lines as social distancing measures and market lockdowns restrict output. Year-to-date UK factories turn out 324,763 cars, down -41.7% on 2019. mehr >> |
27.06.2020
Finance: UK Engine production down by -75% in May as manufacturing emerges from lockdownUK ENGINE MANUFACTURING (data for May 2020) UK Auto builds 55,836 engines in May – skyrocketing from just 830 in April, but still down -75.0% on last year. Dedicated support needed to a mehr >> |
27.06.2020
Finance: UK Commercial vehicle production down -61,6% im May as some factories stay closed810 commercial vehicles built in May, down -61.6% as many plants remain shuttered amid coronavirus lockdown. Year-to-date production down -29.8%, compared with an already low volume May in 2019 amid key model changeovers.1 Production for both home and overseas markets falls, down -60.3% and mehr >> |
25.06.2020
Finance: PSA Groupe - 2020 Combined General Meeting of shareholdersCombined General Meeting of shareholders on June 25, 2020 The Annual General Meeting of Peugeot S.A. shareholders was held on Thursday, June 25, under the chairmanship of Louis Gall mehr >> |
24.06.2020
Finance: AUDI AG announces new date for Annual General MeetingThe 131st Annual General Meeting of AUDI AG will be held on July 31, 2020. The shareholders’ meeting will take place as a virtual Annual General Meeting due to the corona pandemic. CFO Arno Antlitz: “The health and protection of the shareholders have priorit mehr >> |
24.06.2020
Finance: Fastned issues new bonds with 6% interestThis morning, fast charging company Fastned has started subscription to a new series of bonds. Similar to previous issues the bonds have a maturity of 5 years and pay out 6% interest per year. The interest is paid out per quarter in arrears. The bonds are 1000 euro apiece. mehr >> |
24.06.2020
Finance: UK Auto calls for restart support as Covid crisis threatens one in six jobsUK auto industry calls for dedicated restart package to save jobs and pave the way for recovery. New SMMT survey reveals a third of workforce still on furlough with up to one in six jobs at risk. ‘Turbocharged’ Brexit negotiations needed to deliver a comprehensive zero-tariff FTA mehr >> |
22.06.2020
Finance: Hyundai Motor, Kia Motors and LG Chem Launch Global Competition to Invest in EV and Battery Start-ups“EV & Battery Challenge” (EVBC) is a global competition to identify up to 10 electric vehicle and battery start-ups for potential investment and collaboration Selected start-ups will have the opportunity to work hand-in-hand with Hyundai, Kia and LG Chem on core technologies that will bring more value to custom mehr >> |
20.06.2020
Finance: Green Finance Framework marks the next milestone of Daimler’s sustainable business strategyGreen Finance Framework lays foundation for a broad range of sustainable finance instruments such as green bonds and green loans Daimler meets the increasing investor demand for sustainable investments and open mehr >> |
20.06.2020
Finance: EU Commission opens in-depth investigation into the proposed merger of PSA and FCAThe European Commission has opened an in-depth investigation to assess the proposed merger of automotive companies Fiat Chrysler Automobiles N.V. (“FCA”) and Peugeot S.A. (“PSA”) under the EU Merger Regulation. The Commission is concerned that the pro mehr >> |
20.06.2020
Finance: Klaus Rehkugler to take over as Head of Sales & Marketing at Mercedes-Benz Vans on 01 August 2020Klaus Rehkugler (52) will take over as Head of Sales & Marketing at Mercedes-Benz Vans on 01 August 2020 and will report directly to the Head of Mercedes-Benz Vans, Marcus Breitschwerdt. At present Rehkugler is Head of Sales Operations and Marketing for the Region Europe at Mercedes-Benz Cars. He will take over from Klaus Maier (58), who will leave the company at the end of June at his own mehr >> |
19.06.2020
Finance: Strategic decisions strengthen Audi’s China business and model series managementMarkus Duesmann assumes responsibility for China Audi organizes management of vehicle projects in separate Board of Management division Audi CEO: “Realignment strengthens the vehicle-project business and the strategic importance of the model series” mehr >> |
15.06.2020
Finance: Management changes at Mercedes-AMG High Performance PowertrainsA new senior leadership structure to tackle the challenges of the future Hywel Thomas, Adam Allsopp, Richard Stevens and Ronald Ballhaus to guide the company Andy Cowell will support the transition and a major future project of Mercedes-Benz AG mehr >> |
13.06.2020
Finance: FLA: Government needs to act now to support non-bank lenders as forbearance requests reach over 1.6 millionThe Finance & Leasing Association continues to call for the Government and the Bank of England to take immediate action to support the non-bank lending market, as new FLA figures released today show that the number of Covid-19 related requests for forbearance reached 1,623,000 in the twelve weeks to 29 May 2020. Of that total, 88% had been granted by the end of that period. mehr >> |
11.06.2020
Finance: UNCTAD - Global trade set to plunge further due to Covid-19International trade in goods is expected to decline significantly in the coming months due to the coronavirus pandemic, according to the first edition of UNCTAD’s new quarterly newsletter entitled mehr >> |
11.06.2020
Finance: MINI Easy Finance now available in Singapore.MINI Asia and Eurokars Habitat jointly today announced the introduction of MINI Easy Finance – the easiest way to be a part of the MINI community in Singapore. From as low as $128 a month, customers can enjoy the signature go-kart handling of a MINI with more flexibility than ever before in their payment plan. mehr >> |
09.06.2020
Finance: Change to SKODA AUTO Board of Management› ŠKODA AUTO appoints Karsten Schnake as its new Board Member for Purchasing› Predecessor Dieter Seemann steps down as part of an early retirement schemeKar mehr >> |
09.06.2020
Finance: EU Commission approves acquisition of joint control of newly created joint venture between Société Générale and MitsubishiThe European Commission has approved under the EU Merger Regulation the acquisition of joint control of a newly created joint venture by ALD, controlled by Société Générale, both based in France, and Mitsubishi, based in Japan. mehr >> |
08.06.2020
Finance: Ralf Brandstätter to lead Volkswagen core brand in futureStrengthening of the Group and brand management functions Ralf Brandstätter appointed CEO of the Volkswagen brand The Volkswagen Group is reassigning respon mehr >> |
08.06.2020
Finance: Sales release for the new Mercedes-AMG GLA models: Compact performance SUV now available to orderThe new compact performance SUVs from Mercedes-AMG are now available to order. Prices range from 54,204.50 euros to 68,365.50 euros. The all-rounders encompass a performance spectrum from 225 kW (306 hp) to 310 kW (421 hp) and command a wide range of disciplines with assurance ‑ on the racetrack and in everyday use. mehr >> |
06.06.2020
Finance: SMMT statement on automotive job cutsMike Hawes, SMMT Chief Executive: “It has been a black week for UK Automotive with devastating job cuts across retail and manufacturing coming hard on the heels of earlier losses. Whilst the industry is fundamentally strong and agile, it is not invincible. Global industries are challenged and we need to ensure the UK has in place a comprehensive strategy mehr >> |
05.06.2020
Finance: Volkswagen expands executive committee of Supervisory BoardDr. Hans Michel Piëch and Bertina Murkovic are now members of the Executive Committee of the Supervisory Board of Volkswagen AGThe Supervisory Board of Volkswagen Aktiengesellschaft has added two further members to its Executive Committee, taking membership to eight. This was announced by the Company’s Supervisory Board on F mehr >> |
04.06.2020
Finance: NIO Inc. Provides May 2020 Delivery UpdateDelivered 3,436 vehicles in May 2020, achieving record-high monthly deliveries NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s premium smart electric vehicle market, today provided its May 2020 delivery results. mehr >> |
03.06.2020
Finance: Volvo Cars reports global sales of 44,830 cars in MayVolvo Cars sold 44,830 cars in May, down 25.5 per cent compared with the same month last year, as sales and showroom traffic trends in Europe improved and sales in China continued to grow.In mehr >> |
03.06.2020
Finance: Groupe Renault announces the finalization of a €5 billion credit facility agreement with a guarantee of the French StateGroupe Renault announces the finalization of a credit facility agreement with a banking pool, for a maximum total amount of €5 billion benefiting from a guarantee of the French State. This credit facility, which may be drawn in whole or in part, will help mehr >> |
03.06.2020
Finance: Honda and Acura Show Renewed Sales Strength in MayAmerican Honda Total 120,977 -16.9% Cars 51,169 -24.6%Trucks 69,808 -10.1%ACURATotal 10,341 -23.7%&n mehr >> |
01.06.2020
Finance: Kia Motors announces global sales for May 2020Sales in May total 160,913 units, down 32.7 percent y/y Domestic sales increase 19 percent y/y, to 51,181 units Overseas sales declined 44 percent y/y, to 109,732 units Kia Motors Corpor mehr >> |
30.05.2020
Finance: UK Car manufacturing plummets -99.7% in April as coronavirus stops productionUK CAR MANUFACTURING (data for April) British car production falls -99.7% in April with 197 units made as coronavirus pandemic closes factories. Car makers instead turn out more than 700,000 pieces of PPE, including fac mehr >> |
29.05.2020
Finance: Groupe Renault presents its draft plan to reduce fixed costs by more than 2 billion Euros over three yearsThe objective of reducing fixed costs by more than 2 billion euros over 3 years aims to restore the Group's competitiveness and ensure its long-term development within the framework of the Alliance.The draft plan is based on the efficiency of operations withi mehr >> |
28.05.2020
Finance: Nissan cuts 3.000 jobs in BarcelonaProduction capacities will be reduced by 20 percent worldwide to 5.4 million cars per year The Japanese car manufacturer Nissan which was already struggling before the coronavirus crisis, is cutting its production output by 20 percent to around 5.4 million vehicles per year in response to the drop in demand. As a result, sev mehr >> |
27.05.2020
Finance: Alliance new cooperation business model to support member-company competitiveness and profitabilityAlliance partners to leverage leader-follower scheme to enhance efficiency and competitiveness in products and technologies. Individual members to be reference for the regions where they have key strengths, acting as a gateway and support mechanism for partners’ competitiveness. Allia mehr >> |
27.05.2020
Finance: VW South Africa resumes production and exports• Uitenhage plant restarts production in line with Level 4 lockdown regulations• 100-point plan implemented to protect employees on siteFollowing a gradual ramp-up of its local production, the Volkswagen Group South Africa (VWSA) plant in Uitenhage has resumed its manufacturing operations. mehr >> |
26.05.2020
Finance: Groupe PSA welcomes the support plan to the automotive sector of French governmentThe Group highlights in particular the following initiatives:• The introduction of the purchase bonus for plug-in petrol hybrid vehicles at € 2,000: Groupe PSA produce these vehicles in France, in Sochaux, Mulhouse and Rennes mehr >> |
20.05.2020
Finance: Jaguar Land Rover special vehicle operations reports fiscal 2019/20 retail sales growthStrong demand for its widest-ever range of SV models drives Jaguar Land Rover’s Special Vehicle Operations division to record sales for the 2019/20 fiscal year Special Vehicle Operations re mehr >> |
20.05.2020
Finance: The Annual General Shareholders Meeting of Peugeot S.A. will be held on June 25, 2020 behind closed doorsGiven the state of health emergency linked to the Covid-19 epidemic, the Managing Board of Peugeot S.A., in agreement with the Supervisory Board, decided, pursuant to ordinance n° 2020-321 of March 25, 2020, to convene the Annual General Sh mehr >> |
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