Mercedes-Benz Group AG posts strong preliminary financial results for the year 2021 and exceeds own expectations. | Mercedes-Benz Group > Company > News Mercedes-Benz AG Mercedesstraße 12070372 StuttgartGermany Phone: +49 7 11 17-0E-Mail: dialog@mercedes-benz.com Represented by the Board of Management:Ola Källenius (Chairman), Jörg Burzer, Renata Jungo Brüngger, Sabine Kohleisen, Markus Schäfer, Britta Seeger, Hubertus Troska,… Continue reading @Daimler: 11. Feb 2022Mercedes-Benz Group AG posts strong preliminary financial results for the year 2021 and exceeds own expectations.
Category: Official Press Release
AAM Reports Fourth Quarter and Full Year 2021 Financial Results
DETROIT, Feb. 11, 2022 /PRNewswire/ — American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) today reported its financial results for the fourth quarter and full year 2021. AAM also provided its full year 2022 financial outlook and 2022-2024 new business backlog. Fourth Quarter 2021 Results Sales of $1.24 billion Net loss attributable to AAM of… Continue reading AAM Reports Fourth Quarter and Full Year 2021 Financial Results
AAM Secures Contracts Valued at More Than $10 Billion for Next-Generation Full-Size Truck Axle Programs With Multiple Customers
DETROIT, Feb. 11, 2022 /PRNewswire/ — American Axle & Manufacturing (AAM), (NYSE: AXL) announced it has secured multiple next-generation full-size truck front and rear axle programs with global OEM customers (including a previously announced award in early 2021). These awards are expected to generate more than $10 billion of lifetime revenues from mid-decade to beyond 2030.… Continue reading AAM Secures Contracts Valued at More Than $10 Billion for Next-Generation Full-Size Truck Axle Programs With Multiple Customers
GOODYEAR REPORTS FOURTH QUARTER, FULL-YEAR 2021 RESULTS
AKRON, Ohio, Feb. 11, 2022 /PRNewswire/ — The Goodyear Tire & Rubber Company (NASDAQ: GT) today reported results for the fourth quarter and full year of 2021. “We achieved our highest fourth quarter revenue in nearly 10 years as demand for our products remained strong and we captured higher selling prices,” said Richard J. Kramer, chairman, chief… Continue reading GOODYEAR REPORTS FOURTH QUARTER, FULL-YEAR 2021 RESULTS
Magna Announces Board Leadership and Other Changes
Board Chair, William L. Young, not standing for re-election Audit Committee Chair, Robert F. MacLellan, selected by Board to succeed as Board Chair in May Dr. Thomas Weber has been appointed to Board AURORA, Ontario, Feb. 11, 2022 (GLOBE NEWSWIRE) — Magna announced today upcoming changes to the leadership of its Board of Directors, ahead… Continue reading Magna Announces Board Leadership and Other Changes
Magna Announces Fourth Quarter 2021 Results and Outlook
Fourth Quarter 2021 Highlights Sales of $9.1 billion decreased 14%, compared to a 17% decrease in global light vehicle production Diluted earnings per share and Adjusted diluted earnings per share of $1.54 and $1.30, respectively, compared to $2.45 and $2.83 last year Returned $378 million to shareholders through share repurchases and dividends Raised quarterly cash… Continue reading Magna Announces Fourth Quarter 2021 Results and Outlook
@BMW: Acquisition of Shares – BMW AG acquires majority stake in BMW Brilliance Automotive Ltd., full consolidation effective 11 February 2022, 11 February 2…001745
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@BMW: Ad-hoc: BMW AG acquires majority stake in BMW Brilliance Automotive Ltd. leading to full consolidation effective 11 February 2022001746
Munich. Bayerische Motoren Werke Aktiengesellschaft (BMW AG) acquires a majority stake in its Chinese joint venture BMW Brilliance Automotive Ltd. (BBA). BBA has today received the relevant business licence from the Chinese authorities, effective 11 February 2022. BMW AG thus indirectly holds 75% of the shares in BBA, while the Chinese partner Brilliance China Automotive… Continue reading @BMW: Ad-hoc: BMW AG acquires majority stake in BMW Brilliance Automotive Ltd. leading to full consolidation effective 11 February 2022001746
@BMW: BMW Group strengthens partnership in China: Extension of Joint Venture Contract until 2040 enters into force001745
Munich. The BMW Group underlines its long-term commitment in China: as of 11 February 2022, the extension of the joint venture contract for the BMW Brilliance Automotive Ltd. (BBA) joint venture until 2040 takes effect. The agreement on the contract extension was signed by the two joint venture partners back in October 2018, on BBA’s 15th… Continue reading @BMW: BMW Group strengthens partnership in China: Extension of Joint Venture Contract until 2040 enters into force001745
@Daimler: Mercedes-Benz Group AG posts strong preliminary financial results for the year 2021
Stuttgart, Germany – Mercedes-Benz Group AG achieved strong financial results in the year 2021 based on preliminary unaudited figures. The Mercedes-Benz Cars & Vans segment has exceeded the guidance range of 10 to 12% and now expects an adjusted Return on Sales of 12.7% in the full year. Despite the ongoing semiconductor shortages, the fourth… Continue reading @Daimler: Mercedes-Benz Group AG posts strong preliminary financial results for the year 2021