Category: News Type

TomTom share buyback periodic update, 23-30 March

TomTom share buyback periodic update, 23-30 March Amsterdam, 31 March 2020, 7:30 CEST – TomTom (TOM2) today announced that it has repurchased 1,202,912 ordinary TomTom shares at an average price of €6.69 per share in the period from 23 March 2020 up to and including 30 March 2020. The aggregate consideration of this repurchase was… Continue reading TomTom share buyback periodic update, 23-30 March

Delay in Fiat Chrysler-PSA merger “inevitable”, Italy’s FIOM union says after meeting with FCA

MILAN, March 31 (Reuters) – Italy’s metalworker union FIOM said Fiat Chrysler had confirmed its merger plans with Frances’ PSA during a call with unions on Tuesday, adding that a delay was “certain” given the current situation. “FCA confirmed its industrial plan and the path of its merger with PSA, which will certainly suffer a… Continue reading Delay in Fiat Chrysler-PSA merger “inevitable”, Italy’s FIOM union says after meeting with FCA

@Groupe PSA: Air Liquide, Groupe PSA, Schneider Electric, Valeo rise to the challenge of producing 10,000 Air Liquide Medical Systems respirators in response to th…

Faced with the compelling need for more respirators on its national territory, the French government has asked, on March 22, a group of French industrial companies led by Air Liquide to study the possibility of increasing the production of respirators so as to provide 10,000 respirators in 50 days, between the beginning of April and… Continue reading @Groupe PSA: Air Liquide, Groupe PSA, Schneider Electric, Valeo rise to the challenge of producing 10,000 Air Liquide Medical Systems respirators in response to th…

Press Releases – COVID-19: Jobs of over 1.1 million EU automobile workers affected so far, data shows

Brussels, 31 March 2020 – The jobs of at least 1,110,107 Europeans working in automobile manufacturing are affected by factory shutdowns as a result of the COVID-19 crisis, according to data compiled by the European Automobile Manufacturers’ Association (ACEA). This figure only refers to those people directly employed by car, truck, van and bus manufacturers… Continue reading Press Releases – COVID-19: Jobs of over 1.1 million EU automobile workers affected so far, data shows

Automaker Toyota suspends vehicle production in Vietnam due to COVID-19 epidemic

HANOI, March 31 (Xinhua) — Toyota Motor Vietnam (TMV) has temporarily suspended vehicle production in order to prevent the COVID-19 outbreak from spreading, Vietnam News Agency reported.
The outbreak has impacted all aspects of business, from economy to society, including the automobile industry, and Toyota dealers in the capital city of Hanoi have temporarily closed showrooms and workshops, the news agency cited Toyota as reporting.
Production resumption will depend on the outbreak situation, market demand, supply chain situation, stocks and the country government's restriction regulations, the news agency reported.
TMV is the second automaker in Vietnam to announce operation suspension due to the impacts of COVID-19. The first was Ford Vietnam which suspended operations at its factory in the northern province of Hai Duong.

Lamborghini begins production of surgical masks, medical shields for use in Coronavirus pandemic

Italian supercar manufacturer Automobili Lamborghini is converting departments of its super sports car production plant in Sant’Agata Bolognese in order to produce surgical masks and protective plexiglass shields. The masks will be donated to the Sant’Orsola-Malpighi Hospital in Bologna to be used in the fight against the COVID-19 pandemic. Work on this solidarity initiative will… Continue reading Lamborghini begins production of surgical masks, medical shields for use in Coronavirus pandemic

Valmet Automotive Annual Review 2019: Successful entry into battery business, significant improvement in EBITDA and cash flow despite challenging envi…

Valmet Automotive’s EBITDA and cash flow improved significantly from the previous year, operating profitability slightly and the annual car production of 114,000 vehicles reached again a record volume. Sales of EUR 651.5 million, EBITDA significantly improved Valmet Automotive’s net sales in 2019 were EUR 651.5 million (662.6 in 2018), which was 2 % lower than in… Continue reading Valmet Automotive Annual Review 2019: Successful entry into battery business, significant improvement in EBITDA and cash flow despite challenging envi…