Mazda Motor Corp is facing a drop in annual profit of about 30 per cent as the Japanese automaker struggles with falling sales in the United States and China, its biggest markets, the Nikkei newspaper reported on Friday.The updated forecast would be almost half the automaker’s previous profit forecast of 110 billion yen.Demand for Mazda vehicles including the Mazda3 sedan and the CX-5 SUV crossover has slumped since the company posted record annual sales of about 1.6 million vehicles in the 2018 financial year.
Category: Official Press Release
Geely ICON Publicly Unveiled
2019 October 30, Nanjing. Geely Auto’s (Geely) second B-Segment Modular Architecture (BMA) based SUV, ICON was unveiled to the media at a design seminar in Nanjing. Retaining much of the design seen on the well-received Geely’s Concept ICON shown at the 2018 Beijing Auto Show, ICON explores the limits of Geely’s design language and showcases… Continue reading Geely ICON Publicly Unveiled
Daimler Truck AG: many brands, one family – one website
Daimler Trucks and Daimler Buses now under the common roof of Daimler Truck AG, also online at http://www.daimler-truck.com/ Martin Daum, Chairman of the Board of Management Daimler Truck AG: “We work for all who keep the world moving. It’s our common drive that gives us renewed motivation every day.” Stuttgart – The Daimler Group launched… Continue reading Daimler Truck AG: many brands, one family – one website
Hyundai launches the first 100% electric rural carsharing in Spain
Hyundai Motor Spain launches the first 100% electric rural carsharing service in Spain The initiative starts in Campisábalos, the town with the cleanest air in Spain according to the World Health Organisation Through an app, created specifically to support this service, residents can manage the reservation of the vehicle VIVe is an example of Hyundai’s… Continue reading Hyundai launches the first 100% electric rural carsharing in Spain
Hyundai Accelerates Hydrogen Technology Development
Hyundai to invest in Impact Coatings, H2Pro and GRZ Technologies for fuel cell, hydrogen production, and hydrogen storage technologies The investments will strengthen Hyundai’s hydrogen leadership with expanded infrastructure and efficient FCEV manufacturing 30 October 2019 – Hyundai Motor Company announced key investments into three companies – Impact Coatings, H2Pro and GRZ Technologies – to… Continue reading Hyundai Accelerates Hydrogen Technology Development
Kia Motors posts global sales of 248,752 units in October
Kia Motors Corporation announced today that it sold 248,752 vehicles around the world in October, compared to 250,680 units sold in the same period last year. Best-selling model for the month was the Sportage SUV, with 41,707 units sold worldwide. Sales in Korea rose 2.3 percent from a year earlier to 47,143 units, led by… Continue reading Kia Motors posts global sales of 248,752 units in October
BorgWarner Announces Divestiture of BorgWarner Morse TEC LLC to Enstar
Auburn Hills, Michigan, Oct. 30, 2019 – BorgWarner today announced that it has divested BorgWarner Morse TEC LLC (“Morse TEC”), a wholly-owned subsidiary of the company that holds asbestos and certain other liabilities, to Enstar Holdings (US) LLC, a subsidiary of Enstar Group Limited. In connection with the closing, BorgWarner contributed approximately $172 million in… Continue reading BorgWarner Announces Divestiture of BorgWarner Morse TEC LLC to Enstar
Investors Know Who the Buyer Is in Fiat-Peugeot Merger of Equals
Fiat Chrysler Automobiles NV and PSA Group went out of their way to make their combination as equal as possible, shedding assets, paying special dividends and distributing board seats. It didn’t take long for investors to figure out who the buyer is.
Gestamp recorded revenues of €6,572m for the first nine months of 201931.10.2019Gestamp, the multinational company specialized in the design, developm…
Gestamp, the multinational company specialized in the design, development and manufacture of highly engineered metal components for the automotive industry, presented its results today for the first nine months of 2019 with revenues reaching €6,572m. Gestamp outperformed the auto production market during 9M 2019 with a 6.8% growth rate in revenues (7.0% at constant FX)… Continue reading Gestamp recorded revenues of €6,572m for the first nine months of 201931.10.2019Gestamp, the multinational company specialized in the design, developm…
Meritor Announces its Participation in the Volkswagen Caminhões e Ônibus e-Consortium to Develop Electric Vehicle Solutions in Brazil
All Meritor offices will be closed July 4, 2018 in observation of the holiday.