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@Groupe PSA: PR Full-year 2019 results000169

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@Groupe PSA: PR Extra Efficient Engines: New Opel Mokka Combines Fun and Modernity000169

Advanced diesel and petrol engines: innovations for city traffic and the open road Leading the way: new Mokka introduces future Opel brand face and digital cockpit Distinct looks: GS Line trim adds sporty touch Bright road ahead: IntelliLux LED® matrix light and LED lamps Typically Opel: excellent seating with full leather and driver massage options… Continue reading @Groupe PSA: PR Extra Efficient Engines: New Opel Mokka Combines Fun and Modernity000169

After Tesla’s fart mode, Mercedes bets on comfort to blow customers away

SINDELFINGEN, Germany (Reuters) – Mercedes-Benz engineers are striving to meet every definition of comfort in the new S-Class sedan as they try to steal a march on rival Tesla, which wowed audiences with its “fart mode.” The new Mercedes-Benz S-Class 400d is pictured during its presentation at the Daimler production plant in Sindelfingen near Stuttgart,… Continue reading After Tesla’s fart mode, Mercedes bets on comfort to blow customers away

Ford to cut 1,400 U.S. salaried jobs through buyouts by year end

FILE PHOTO: Ford logo is pictured at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany September 10, 2019. REUTERS/Wolfgang Rattay DETROIT (Reuters) – Ford Motor Co (F.N) said on Wednesday it is targeting the elimination of 1,400 U.S. salaried jobs by year end as part of a multiyear $11 billion restructuring. The layoffs will… Continue reading Ford to cut 1,400 U.S. salaried jobs through buyouts by year end

World NM: Geely Auto Moves Closer to Potential $2.9 Billion China Listing000084

Geely Automobile Holdings Ltd., the Chinese carmaker controlled by Volvo Cars owner Li Shufu, may raise as much as 20 billion yuan ($2.9 billion) through a listing on Shanghai’s STAR Market. With the outbreak receding in China, sales have started to revive, and automakers are betting the world’s largest vehicle market can help them return… Continue reading World NM: Geely Auto Moves Closer to Potential $2.9 Billion China Listing000084

World NM: German automotive supplier Continental extends savings program due to COVID-19000081

BERLIN, Sept. 1 (Xinhua) — The German automotive supplier Continental said on Tuesday to expand its savings program, which was initiated in 2019, to save more than one billion euros (1.19 billion U.S. dollars) per year from 2023 onwards. Continental increased its previous savings target by slightly more than 500 million euros annually due to… Continue reading World NM: German automotive supplier Continental extends savings program due to COVID-19000081

RPT-Daimler CEO says demand has stabilised from corona lows

(Repeats with no changes to text) SINDELFINGEN, Germany, Sept 2 (Reuters) – Daimler Chief Executive Ola Kaellenius said global demand for Mercedes-Benz cars has stabilised from a sharp drop in sales triggered by the coronavirus crisis. “Demand has stabilised. In China we saw a V-shaped recovery. That’s not the case in Europe and North America… Continue reading RPT-Daimler CEO says demand has stabilised from corona lows

Daimler pins profit revival on new Mercedes-Benz S-Class

FRANKFURT (Reuters) – Daimler (DAIGn.DE) was set on Wednesday to launch the new model of its Mercedes-Benz S-Class luxury sedan, which it hopes will help return the German carmaker to profitability next year after the coronavirus pandemic slashed demand for high-end vehicles. FILE PHOTO: Mercedes logo is seen as Ola Kaellenius, CEO of German luxury… Continue reading Daimler pins profit revival on new Mercedes-Benz S-Class