TVR Returns to endurance motorsport with REBELLION Racing

5 April 2018: Marking its return to motor sport for the first time in more than 10 years, TVR has announced its role as the automotive partner to REBELLION Racing, competing in the LMP1 category of the FIA World Endurance Championship (WEC) 2018 – 2019 Super Season. REBELLION Racing TVR will make its track debut during the WEC Prologue event at Circuit Paul Ricard on 6 April.

Learnings from TVR’s collaboration with REBELLION Racing will flow directly into the development and production both of its road car line-up, and into its future racing projects.

Les Edgar, Chairman of TVR, said: “When we resurrected the TVR brand, we knew that we wanted to achieve a return to the race track. Our partnership with REBELLION Racing allows us to achieve that goal, while bringing about valuable operational and technical knowledge, which directly transfers to our road car operation and future racing activities.

“We have a long-standing relationship with Rebellion Racing and have been following them closely in WEC over the last few years. We greatly look forward to working with the team and are confident that REBELLION Racing TVR will see much success during the Super Season.”

REBELLION Racing teased the design of its ORECA R-13 prototype at the Geneva Motor Show in March, following confirmation of its entry into the LMP1 category. The WEC Prologue is the first time REBELLION will allow a closer glimpse of its 2018 – 2019 race livery, with TVR taking pride of place as automotive partner.

Sports car racing is a fundamental element of TVR’s heritage, with the very first models (TVR 1, 2 and 3) having been designed for the race track, and with a long and rich heritage of racing ever since. TVR entered its first Le Mans event with its Grantura in 1962, and TVRs competed in myriad championships throughout the years. TVR participated at Le Mans in 2003, 2004 and 2005, and ran a number of successful one-make race series in the UK until 2006.

TVR will join REBELLION Racing’s other partners – Gibson race engines, Motul lubricants, and Carbon Champagne for the 2018 – 2019 Super Season.

-Ends-

Statement on U.S./China Trade

We support a positive trade relationship between the U.S. and China, and urge both countries to continue to engage in constructive dialogue and pursue sustainable trade policies. We continue to believe both countries value a vibrant auto industry and understand the interdependence between the world’s two largest automotive markets.

LCV DEVELOPMENT RESPONSIBILITY FOR GROUPE PSA TO BE BASED IN RUESSELSHEIM

LCV DEVELOPMENT RESPONSIBILITY FOR GROUPE PSA TO BE BASED IN RUESSELSHEIM 2018-04-04 Rüsselsheim. Groupe PSA is further strengthening the Engineering center in Rüsselsheim/Germany. Going forward, the Engineering teams in Rüsselsheim will lead the development for Light Commercial Vehicles (LCV) of Groupe PSA that are built on a dedicated LCV platform. “With this decision, we receive… Continue reading LCV DEVELOPMENT RESPONSIBILITY FOR GROUPE PSA TO BE BASED IN RUESSELSHEIM

Groupe PSA: Investment in Luton Plant to Produce a Brand New Opel/Vauxhall Vivaro by 2019

RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News: As the European LCV market leader, Groupe PSA (Paris:UG) intends to strengthen its market share in this segment in Europe and accelerate its development in the other regions. The increase in manufacturing capacity in the compact vans segment will supply our customers from the Luton plant by 2019 in addition to… Continue reading Groupe PSA: Investment in Luton Plant to Produce a Brand New Opel/Vauxhall Vivaro by 2019

Investment in Luton plant to produce a brand new Opel/Vauxhall Vivaro by 2019

As the European LCV market leader, Groupe PSA intends to strengthen its market share in this segment in Europe and accelerate its development in the other regions. The increase in manufacturing capacity in the compact vans segment will supply our customers from the Luton plant by 2019 in addition to the existing Hordain facility in… Continue reading Investment in Luton plant to produce a brand new Opel/Vauxhall Vivaro by 2019

March 2018 Sales Result

HYUNDAI MOTOR COMPANY (HMC) Corporate Disclosure to Korea Exchange Disclosure Title : March 2018 Sales Results 1. Sales Results: *Monthly sales Category (units) March 2018 February 2018 MoM % Change March 2017 YoY % Change Sales Unit Domestic 67,577 50,200 34.6 63,765 6.0 Overseas 329,464 262,068 25.7 326,838 0.8 Total 397,041 312,268 27.1 390,603 1.6… Continue reading March 2018 Sales Result

Result of AGM 2018

Result of The 50th Annual General Meeting     1. Financial Statements (KRW) – Approved (Unit: 000 KRW) Consolidated Separated Auditor’s Opinion Unqualified Unqualified Asset 178,199,454,000,000 70,130,650,000,000 Liability 103,442,100,000,000 15,906,232,000,000 Equity 74,757,354,000,000 54,224,418,000,000 Revenue 96,376,079,000,000 41,604,869,000,000 Operating Income 4,574,667,000,000 2,163,447,000,000 Net Income 4,546,400,000,000 2,551,319,000,000 EPS 14,993 9,478 2. Appointment of Directors – Approved Item 2-1… Continue reading Result of AGM 2018

Volvo Cars global sales up 14.1 per cent in the first quarter of 2018

Volvo Cars global sales up 14.1 per cent in the first quarter of 2018   Volvo Cars, the premium car maker, reported a global year-on-year sales increase of 14.1 per cent for the first quarter of 2018 as sales in all main markets increased compared with the same period last year.   Total sales in… Continue reading Volvo Cars global sales up 14.1 per cent in the first quarter of 2018