Tokyo, April 2, 2018 – Subaru Corporation announces the following organizational changes which took effect on April 1, 2018. [ Corporate Administration Div. ]< Discontinuation of Corporate Administration Div. >The Corporate Administration Div. has been dissolved in order to have a more streamlined structure and enhance the operational efficiency of the back office section.Departments that… Continue reading Subaru Corporation Announces Organizational Changes(Effective April 1, 2018)
Category: News Type
Top Automotive Industry News for Week of March 26 – April 1, 2017
Here is the most important news associated with the automotive industry identified by the SEA for the week March 26, 2018 – April 1, 2018. We hope it helps you stay up to speed on the key developments in our industry: -Automotive Manufacturing News- 2018 New York Auto Show New Vehicle Debuts (Car and Driver)… Continue reading Top Automotive Industry News for Week of March 26 – April 1, 2017
Prevent is preparing billion-dollar lawsuit against Volkswagen
Volkswagen has to prepare for an expensive process with the supplier Prevent. The value in dispute is estimated at about two billion euros in the industry. VW headquarters in Wolfsburg Monday, 23.04.2018 12:02 pm The dispute between Volkswagen and the supplier group Prevent escalates according to a media report. Prevent companies are already preparing for… Continue reading Prevent is preparing billion-dollar lawsuit against Volkswagen
McLaren goes to new lengths to boost efficiency
1 Apr 2018 The depth of the McLaren Technology Centre lake and size of floor tiles now measured daily Staff encouraged to move around the building with metronomic efficiency Synchronized tea-breaks introduced to save time Video giving an insight into working life at McLaren Automotive released. Click here. McLaren Automotive, the British creator of luxury,… Continue reading McLaren goes to new lengths to boost efficiency
Uber confirmed that it’s selling its Southeast Asia business to rival Grab
Dara Khosrowshahi, CEO of Uber. Drew Angerer/Getty Images SINGAPORE (Reuters) – Ride-hailing firm Uber Technologies Inc has agreed to sell its Southeast Asian business to bigger regional rival Grab, the firms said in a statement on Monday, marking the U.S. company’s second retreat from an Asian market. As part of the transaction, Uber will take… Continue reading Uber confirmed that it’s selling its Southeast Asia business to rival Grab
Uber is shutting down UberRush — its high-speed delivery service competing with Amazon
Uber Uber will be shutting down same-day delivery service UberRush in three months according to a statement to The Wall Street Journal. UberRush provided high-speed deliveries to compete with companies like Amazon, but it only ever launched in three cities, as it faced some challenges that stemmed from things like its hands-off approach to workers.… Continue reading Uber is shutting down UberRush — its high-speed delivery service competing with Amazon
Asset finance market rebounds in April
8 June 2018
New figures released today by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 7% in April, compared with the same month in 2017.
New business in the plant and machinery finance and business equipment finance sectors was up by 13% and 18% respectively, while commercial vehicle finance new business increased by 13% over the same period.
Geraldine Kilkelly, Head of Research and Chief Economist at the FLA, said:
“The recovery in asset finance new business in April was broad-based. The manufacturing, agricultural and construction equipment finance sectors each reported strong growth, with new business up by 61%, 35% and 27% respectively, compared with April 2017.”
Apr 2018
% change on prev. year
3 months to Apr
2018
% change on prev. year
12 months to Apr
2018
% change on prev. year
Total FLA asset finance (£m)
2,738
+7
8,068
-1
31,650
+3
Total excluding high value (£m)
2,554
+10
7,739
+1
30,019
+5
Data Extracts:By asset:
Plant and machinery finance (£m)
574
+13
1,717
+1
6,627
+8
Commercial vehicle finance (£m)
649
+13
1,981
+1
7,485
0
IT equipment finance (£m)
136
+14
501
-5
2,335
+4
Business equipment finance (£m)
206
+18
637
+3
2,617
+7
Car finance (£m)
891
+5
2,484
-1
9,396
+3
Aircraft, ships and rolling stock finance (£m)
15
-91
53
-83
289
-56
By channel:
Direct finance (£m)
1,259
+3
3,864
0
14,978
+2
Broker-introduced finance (£m)
525
+24
1,554
+9
5,823
+10
Sales finance (£m)
771
+14
2,321
-1
9,218
+6
By product:
Finance leasing (£m)
319
+11
987
+7
3,876
+6
Operating leasing (£m)
476
-20
1,584
-15
6,412
-5
Lease/Hire purchase (£m)
1,610
+16
4,591
+5
17,083
+6
Other finance (£m)
195
-15
662
-23
3,116
-7
Note to editors:
In 2017, FLA members provided £128 billion of new finance to UK businesses and households. £32 billion of finance was provided to businesses and the public sector. FLA members financed more than a third of UK investment in machinery, equipment and purchased software in the UK in 2017.For media enquiries, please contact the FLA press office on 020 7420 9656.
Tata Motors closes FY18 with 35% sales increase in March, reports significant growth in Commercial and Passenger Vehicles sales volumes
Download press kit 1 April, 2018 Key growth drivers: I&LCV (97%), SCV Cargo & Pickups (52%), MHCV (21%), Passenger Vehicles (31%) In March 2018, Tata Motors registered a growth of 35% at 69,440 units as against 51,309 units over last year due to the continued strong sales performance of its Commercial and Passenger Vehicles Business… Continue reading Tata Motors closes FY18 with 35% sales increase in March, reports significant growth in Commercial and Passenger Vehicles sales volumes
Aston Martin wants to have proprietary electric powertrain
When Andy Palmer took over as the CEO of Aston Martin in October 2014, his main aim was to turn the British marque into one “that can stand on equal terms with Porsche, Ferrari and Bentley.” While he is working on realising part of that aim with a new set of scorchers powered by internal… Continue reading Aston Martin wants to have proprietary electric powertrain
Carlos Tavares could receive an exceptional bonus of one million euros after the acquisition of Opel
Carlos Tavarès, President of the Executive Board of PSA, could receive a premium of 1 million euros, for the implementation of the plan of rehabilitation ofOpel. This is what the French car manufacturer proposes to its shareholders. In total, if it is adopted at the general meeting of April 24, the compensation of Carlos Tavares… Continue reading Carlos Tavares could receive an exceptional bonus of one million euros after the acquisition of Opel