Subaru Of America, Inc. Reports October Sales

“Subaru, like the rest of the auto industry, faces a severe shortage of semi-conductor chips and other key components, that directly impacts our vehicle production. We are working tirelessly, alongside our retailers, to get customers the vehicles they want and need as quickly as possible,” said Thomas J. Doll, President and CEO, Subaru of America,… Continue reading Subaru Of America, Inc. Reports October Sales

Ferrari, Double Digit Growth, on the Way to Another Record Year

Total shipments of 2,750 units, up 18.9% versus Q3 2020 and 11.2% versus Q3 2019  Net revenues of Euro 1,053 million, up 18.6% versus prior year and up 15.1% versus Q3 2019 EBITDA(1) of Euro 371 million, up 12.4% versus prior year and up 19.6% versus Q3 2019.EBITDA(1) margin of 35.2% in Q3 2021. EBIT… Continue reading Ferrari, Double Digit Growth, on the Way to Another Record Year

Cummins Reports Third Quarter 2021 Results

COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) today reported results for the third quarter of 2021. Third quarter revenues of $6.0 billion increased 17 percent from the same quarter in 2020. Sales in North America increased 13 percent while international revenues increased 22 percent driven by strong demand across all global markets outside of China compared… Continue reading Cummins Reports Third Quarter 2021 Results

Hyundai Motor America Reports October 2021 Sales

FOUNTAIN VALLEY, Calif., Nov. 2, 2021 /PRNewswire/ — Hyundai Motor America reported total October sales of 56,761 units, a 1% decrease compared with October 2020. Hyundai set new October total sales records for Venue, Palisade and Kona, and achieved the best-ever month for Nexo. Hyundai outperformed the industry with forecasts predicting a 20% drop in total… Continue reading Hyundai Motor America Reports October 2021 Sales

Lear Reports Third Quarter 2021 Results

SOUTHFIELD, Mich., Nov. 2, 2021 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today reported results for the third quarter 2021.  Third Quarter 2021 Financial Highlights Sales growth over market of 9 percentage points Sales decreased 13% to $4.3 billion, compared to $4.9 billion in the third quarter of… Continue reading Lear Reports Third Quarter 2021 Results

@BMW: BMW Group Plant Leipzig launches series production of second-generation BMW 2 Series Active Tourer001555

Leipzig. BMW Group Plant Leipzig is launching series production of the second generation of the BMW 2 Series Active Tourer. Having first reached dealerships almost seven years ago, in the autumn of 2014, the BMW 2 Series Active Tourer was quick to establish itself in the market. More than 400,000 customers have since opted to… Continue reading @BMW: BMW Group Plant Leipzig launches series production of second-generation BMW 2 Series Active Tourer001555