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Top Story: Volvo Cars reports first quarter global sales |
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| Volvo Cars sold 131,889 cars in the first quarter of 2020, down 18.2 per cent compared with the same period last year. The company’s global sales performance was affected by the continued impact of the Coronavirus pandemic.In March, Volvo Cars global sales reached 46,395 cars, down 31.2 per cent compared with the same period last year, led by weakening demand in Europe and the US. China meanwhile is showing signs of recovery, as showroom traffic continues to improve.During the January to M mehr >> |
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03.04.2020
Finance: Volvo Cars reports first quarter global salesVolvo Cars sold 131,889 cars in the first quarter of 2020, down 18.2 per cent compared with the same period last year. The company’s global sales performance was affected by the continued impact of the Coronavirus pandemic.In March, Volv mehr >> |
02.04.2020
Finance: Postponement of the Peugeot SA Shareholders’ General MeetingIn the context of the Covid-19 epidemic around the world, the Managing Board of Peugeot S.A., in agreement with the Supervisory Board, has decided to postpone the Annual Shareholders’ General Meeting, initially scheduled on May 14th, to June 25th, 2020 A press release will be issued at a later date to inform shareholders of the arrangements for this Shar mehr >> |
02.04.2020
Finance: BMW of North America Reports Q1 2020 Sales ResultsBMW of North America announced today Q1 2020 sales results for the BMW and MINI brands in the U.S. For the sales period ending March 31, 2020 BMW brand sales totaled 59,455 vehicles, a decrease of 15.3% vs the 70,227 vehicles sold in the same time period last year.* mehr >> |
02.04.2020
Finance: American Honda Reports March Auto Sales in the Face of Difficult Market ConditionsAfter a strong start to 2020, American Honda sales fall 48% in March due to impact of COVID-19 pandemic American Honda Q1 Total 298,785 -19.2%Cars 131,845 -22%Trucks mehr >> |
02.04.2020
Finance: Kia Motors America Announces March SalesBest-Ever First Quarter Sales of the Sportage SUVKia Motors America today announced March sales of 45,413 vehicles, led by the Optima and Forte. The first three months of 2020 saw the Sportage SUV – Kia’s longest-running nameplate in the U.S. – realiz mehr >> |
01.04.2020
Finance: Henrik Wenders is responsible for the Audi brand, Sven Schuwirth focuses on the Digital BusinessHenrik Wenders is taking over responsibility for the realignment and global marketing of the brand with the Four Rings. As Senior Vice President Audi Brand he will be in charge of Brand Strategy, Customer Insights and Brand Communication as well as Digital, Experiential and Sports Marketing. Sven Schuwirth, who previously held the position, will be responsible for the area „Digital Experi mehr >> |
01.04.2020
Finance: Kia Motors announces March global salesKia Motors Corporation today announced its March 2020 global sales results, recording a total of 226,960 units sold, which represents 6.4 percent decrease from March 2019.Globally, the Sportage SUV was at the top of Kia’s sales with 28,977 units sold, followed by mehr >> |
31.03.2020
Finance: Porsche SE: Postponement of the Annual General Meeting 2020Originally planned date cannot take place due to the Corona pandemic / New date is being soughtThe Annual General Meeting 2020 of Porsche Automobil Holding SE (Porsche SE), Stuttgart, will be postponed against the background of existing bans on meetings in connection with the spread of the corona virus. The event, whic mehr >> |
31.03.2020
Finance: Matthew Weaver appointed Vice President, Nissan Design EuropeCurrently Design Director at Nissan's London-based design studio Long resumé, including work on Qashqai, Juke and Infiniti modelsNissan's design function within Europe has been refr mehr >> |
30.03.2020
Finance: Mitsubishi Motors Announces Production, Sales and Export Figures for February 2020February 2020 Fiscal Year 2019 (19/04-20/2) Calendar Year 2020 (20/1-20/2) Volume YoY(%) Volume YoY(%) Volume YoY(%) mehr >> |
30.03.2020
Finance: Sales of Lexus Hybrid SUVs reach quarter of a million milestone in EuropeLexus announces sales of its hybrid SUV/crossover models in Europe have passed 250,000 units Landmark total achieved at the end of February 2020, comprising cumulative sales of RX, NX and UX hybrid models since the launch of the RX 400h in 2005, the world’s first luxury hybrid vehicle SUV/cr mehr >> |
28.03.2020
Finance: UK Car production steady in February, down -0.8% as sector braces for Coronavirus impactUK CAR MANUFACTURING (data for February) UK car production declines -0.8% in February, with some 1,033 fewer units made. Output for domestic market climbs 7.8% while exports fall -3.1% to 94,999, reflecting fundamentally s mehr >> |
28.03.2020
Finance: UK Commercial Vehicle manufacturing down -13,6% in Februar as sector supports fight against CoronavirusUK COMMERCIAL VEHICLE MANUFACTURING British commercial vehicle output falls -13.6% in February, with 7,980 units produced. Exports drive decline, down -26.2%, as output for UK market rises by 417 units. Crucial commercial vehicle sector calls for more government action to ensure uninterrupted mehr >> |
27.03.2020
Finance: Volvo Cars restructures executive managementVolvo Cars is restructuring its executive management, starting 14 April, to effectively position the company to capture business opportunities from the transformation of the automotive industry.Unde mehr >> |
27.03.2020
Finance: Kia Motors Corporation appoints Ho-sung Song as PresidentSong will spearhead advancement of company’s mid- to long-term strategy ‘Plan S’ Song’s extensive experience across automotive value chain, expertise in overseas operations are expected to help company’s transition to future businesses — electric vehicles and mobility solutions mehr >> |
27.03.2020
Finance: Mitsubishi Motors Corporation Personnel ChangeMITSUBISHI MOTORS CORPORATION today announced the following important personnel change effective March 26, 2020. Important Personnel ChangesEffective March 26, 2020 mehr >> |
26.03.2020
Finance: Market primer: central banksGold plays a prominent role in reserve asset management, being one of the few assets that is universally permitted by the investment guidelines of the world’s central banks. This is in part due to the gold market being deep and liquid – a key requirement of reserve asset managers. mehr >> |
25.03.2020
Finance: SEAT posts positive financial results and faces a challenging yearDouble-digit sales growth drives key financial indicators to record figures Profit after tax goes up by 17.5% and reaches 346 million euros SEAT devoted 1.259 billion euros to investments and R&D expenses (+3%) Carsten Isensee: “The 2019 results provide a solid foundati mehr >> |
25.03.2020
Finance: Groupe Renault postponement of the annual general meeting of shareholdersIn the current uncertain context due to the coronavirus pandemic worldwide, Renault’s Board of Directors has decided to postpone the Annual General Meeting of shareholders scheduled for April 24, 2020 to a future date in May or June.The Board of Directors is keen to encourage mehr >> |
24.03.2020
Finance: Porsche SE: Group profit after tax increases by 26.3 percent to 4.4 billion EuroDouble-digit sales growth at PTV Group - Dividend increased to €3.11 per preferred share - AEVA develops key technology for advanced driver assistance systemsThe consolidated profit after tax of Porsche Automobil Holding SE (Porsche SE), Stuttgart, has risen to 4.4 billion Euro in the 2019 fiscal year, an increase of 26.3 per mehr >> |
23.03.2020
Finance: Polestar announces additional board directorsPolestar announces appointment of two additional members to its Board of Directors to accelerate growth and development David Richter and Yankun Hou join the Polestar BoardTo accelerate the journey t mehr >> |
20.03.2020
Finance: IMF Closure DC ShutdownThe IMF has closed its headquarters in Washington, DC indefinitely as a result of the COVID-19 epidemic. The Fund has acknowledged two confirmed cases of coronavirus infection among its staff.Both are recovering, but the I mehr >> |
20.03.2020
Finance: Porsche's result after an electrifying year...innovative, sustainable, successful2019 financial year stands for implementation of important strategic decisionsIn the 2019 financial year, Porsche AG increased deliveries, sales revenue and the operating result mehr >> |
19.03.2020
Finance: Financial year 2019: AUDI AG achieves its financial targets and sets a course for long-term competitivenessCEO Bram Schot: “Exceptional situation due to corona: we are focusing on protecting our employees, contractors and guests and making the right business decisions in this volatile environment.” In a difficult environ mehr >> |
19.03.2020
Finance: Daimler issues the first fully digital Schuldschein with LBBWDistributed ledger technology, digital signatures and the DEBTVISION financing platform enable end-to-end digitalization of lending New digital procedure used for the first time legally effective for Daimler AG Schuldschein of € 25 million First platform-marketed, legally effective and comple mehr >> |
19.03.2020
Finance: Automobili Lamborghini achieves record figures in Fiscal Year 2019Coronavirus poses significant challenges for 2020 In 2019 turnover grows by 28% from 1,42 to 1,81 billion Euro Worldwide sales increase by 43% from 5,750 to 8,205 units Strong s mehr >> |
19.03.2020
Finance: Streaming of Porsche annual press conferenceOn Friday, 20 March, 2020, Oliver Blume (Chairman of the Executive Board) and Lutz Meschke (Deputy Chairman of the Executive Board and Member of the Executive Board for Finance and IT) will present an overview of the 2019 fiscal year results of Porsche AG. &nbs mehr >> |
18.03.2020
Finance: Innovation leadership: BMW Group plans over 30 billion euros on future-oriented technologies up to 2025Zipse: “Solidarity and responsible action are called for” - Guidance 2020 affected by corona spread - Power of Choice: Next BMW 7 Series all-electric version - Unequivocal commitment to meeting CO2 targets mehr >> |
18.03.2020
Finance: Volkswagen brand about to leap into the electric eraRise in deliveries to 6.3 million in 2019, despite declines in overall market Operating margin before special items increased to 4.3 percent Start of second phase of TRANSFORM 2025+ strategy with focus on e-mobility and digi mehr >> |
17.03.2020
Finance: Cavendish Advises Leading Construction Recruitment Firm Falcon Green on Sale of a Minority Stake to Two Private Business InvestorsThe investment will help Falcon Green accelerate its growth and take advantage of the Government’s latest drive in public housing construction and infrastructure projects Cavendish Corporate Finance, the UK’s leading sell-side mid-market M&A f mehr >> |
17.03.2020
Finance: Volkswagen Group and its brands bring 2019 to successful conclusionCEO Dr. Herbert Diess: “2019 was a very successful year for the Volkswagen Group. We have laid vital groundwork for all relevant changes.” Volkswagen Passenger Cars increases sales revenue and operating profit – ID.31 and Golf 8 DNA models introduced, new brand design expresses the brand’s new attitude Audi achieves mehr >> |
14.03.2020
Finance: Daimler postpones Annual Shareholders’ MeetingAnnual Meeting will not take place on April 1 due to Corona pandemic Priority placed on health of shareholders, employees, guests and service providersAfter weighing all aspects, es mehr >> |
13.03.2020
Finance: Porsche SE: Total dividend payout of 952 million eurosDividend proposal 41 percent increase- 3.11 euros per priority share - Group profit after tax increases by 26.3 percent to 4.4 billion eurosThe Board of Management and Supervisory Board of Porsche Automobil Holding SE (Porsche SE), Stuttgart, are proposing to increase the dividend for fiscal 2019 by 41 percent to Euro 3.11 ( mehr >> |
13.03.2020
Finance: BMW Group increases profitability and EBIT again in fourth quarter – targets for 2019 achievedZipse: "Embracing transformation with confidence" - Profit before tax up significantly in fourth quarter - Group revenues exceed 100 billion euros for the first time - Quarter-on-quarter improvement in profitability in 2019 - Solid free cashflow at 2.6 billion euros - Revenues in fourth quarter at mehr >> |
12.03.2020
Finance: Supervisory Board names Frank Weber to Board of Management of BMW AGKlaus Fröhlich to step down from Board of Management at age 60 - Frank Weber will head Development division, effective July - Reithofer: “Competent successor to Klaus Fröhlich” - Zipse: “Excellent addition to Board of Management” mehr >> |
12.03.2020
Finance: Reorganization Businesss Infrastructure of the Entire Mitsubishi Motors GroupReorganizes Domestic Sales Affiliates to Offer Customer First Services by Reinforcing the Business Infrastructure of the Entire Mitsubishi Motors GroupMitsubishi Motors Corporation (MMC) will r mehr >> |
11.03.2020
Finance: Mitsubishi Motors Announces Top Management and Other Important Personnel ChangesMitsubishi Motors Corporation announced today the top management and other important personnel changes effective April 1, 2020. 1.Executive Officers mehr >> |
11.03.2020
Finance: Volkswagen pays performance-related bonus of €4,950CEO Dr. Herbert Diess and Works Council Chairman Bernd Osterloh praise team performance in 2019 For 2019, the employees of Volkswagen AG covered by collective bargaining agreements are to receive a performance-related bonus of €4,950 gross. The CEO of Volkswagen AG, Dr. Herbert Diess, and the Chairman of the General Works Council, Bernd Osterl mehr >> |
11.03.2020
Finance: Louis Gallois will continue to serve as Chairman of the Peugeot S.A. Supervisory BoardFurther to the signing of the Combination Agreement between Groupe PSA and FCA on December 17, 2019, and in order to ensure continuity until the closing of the merger between the two companies, Louis Gallois has agreed, with the Supervisory Board members, that he will continue to serve as Chair mehr >> |
06.03.2020
Finance: New management for BMW Bank GmbH -Kathrin Kerls takes over as Chair of Board of ManagementBMW Bank GmbH will appoint Kathrin Kerls as its new Chair of the Board of Management, effective 1 April 2020. The 51-year-old lawyer joins the company from UniCredit Bank AG, where she has worked since 2009. mehr >> |
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