Category: Official Press Release

 Kandi Technologies Announces the Completion of the Equity Transfer of the JV Company

JINHUA, China, Sept. 30, 2019 (GLOBE NEWSWIRE) — Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), announced today that to accelerate the growth of Kandi Electric Vehicles Group Co., Ltd (the “JV Company”), Kandi’s wholly-owned subsidiary, Zhejiang Kandi Vehicles Co., Ltd. (“Kandi Vehicles”) signed an Equity Transfer Agreement (the “Transfer Agreement”)… Continue reading  Kandi Technologies Announces the Completion of the Equity Transfer of the JV Company

Nissan to maintain Korean operations despite headwinds

Nissan Motor said Monday it will continue its operations in South Korea amid trade tensions between the two Asian neighbors, despite headwinds like a boycott of Japanese products.The Japanese carmaker’s commitment to South Korea follows market rumors that it will pull out of the market here as its sales have been hit hard by the escalating trade tensions between Seoul and Tokyo.In the January-August period, Nissan Korea sold 3,581 vehicles under the Nissan and Infiniti brands, down 27 percent from the 4,886 units it sold in the same period a year earlier. More sourcesNissan to maintain S. Korean operations despite headwinds (Yonhap News Agency: Sep 29, 2019 at 5:54 PM)

Audi Hungaria: Alfons Dintner to become new CEO as of October 1

Alfons Dintner will take over as Chairman of the Board of Management of Audi Hungaria on October 1. He succeeds Achim Heinfling, who will take over as Plant Manager at the Audi headquarters in Ingolstadt. Alfons Dintner is moving to Győr from Ingolstadt, where he was responsible for managing the Pre-Series Center of AUDI AG.… Continue reading Audi Hungaria: Alfons Dintner to become new CEO as of October 1

2019 Half year results

Texte in €m H1 2018 H1 2019* Change Sales At constant currencies and excluding Clarion 8,991 8,972 -0.2% -2.8% Operating income 647 645 -0.4% as % of sales 7.2% 7.2% stable Net cash flow 247 257 +3.9% Net income, Group share 342 346 +1.0% *First application of IFRS16 as of January 1, 2019 (impacts detailed… Continue reading 2019 Half year results

Appointment of Mathias Miedreich as Executive Vice-President of Clean Mobility

Chapô Faurecia, one of the world leading automotive technology companies, today announces the appointment of Mathias Miedreich as Faurecia Clean Mobility Executive Vice President. Previously Deputy Executive Vice President of this Business Group, Mathias Miedreich succeeds Christophe Schmitt who is appointed Group Operations Executive Vice President. Christophe Schmitt replaces Hagen Wiesner, who is appointed Cockpit… Continue reading Appointment of Mathias Miedreich as Executive Vice-President of Clean Mobility

Maserati announces plans for its lineup of new and electrified products

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China Automotive Systems signs new contract with SAIC Maxus

WUHAN, China, Sept. 30, 2019 /PRNewswire/ — China Automotive Systems, Inc. (Nasdaq: CAAS) (“CAAS” or the “Company”), a leading power steering components and systems supplier in China, today announced it has entered into a new supply contract with SAIC Maxus, an SUV and commercial vehicle subsidiary of SAIC Motor (formerly Shanghai Automotive Industry Corporation).  SAIC is one of… Continue reading China Automotive Systems signs new contract with SAIC Maxus