SHANGHAI: Huachen Automotive Group Holding Co Ltd, the state-backed parent of BMW‘s main Chinese joint-venture partner, has defaulted on a bond payment, two sources with knowledge of the situation said, highlighting the automaker’s ongoing debt woes. Huachen was unable to a repay a 5.3% 1 billion yuan ($149.6 million) private placement corporate bond that matured… Continue reading Brilliance Automotive parent defaults on bond payment
Category: Automotive
@Daimler: 70 years ago Daimler-Benz bought the Unimog
The contract was signed on 27 October 1950 Until then, the Unimog was produced by the Boehringer Bros. machinery factory in Göppingen The Mercedes-Benz 170 D passenger car diesel engine was also used in the Unimog Stuttgart / Göppingen – 27 October marks the 70th anniversary of the Unimog take-over by Daimler-Benz AG. This date thus… Continue reading @Daimler: 70 years ago Daimler-Benz bought the Unimog
Kia records 8.2% revenue increase in Q3 CY2020, sales flat at 699,402 units
Kia Motors Corporation today announced its business results for the third quarter of 2020. Third-quarter revenue increased 8.2 percent, year-on-year, to KRW 16.32 trillion (from KRW 15.09 trillion). Kia sold 699,402 vehicles around the globe in the July-September 2020 period, slightly lower than 702,258 units sold in the same period last year – -0.40 percent… Continue reading Kia records 8.2% revenue increase in Q3 CY2020, sales flat at 699,402 units
@Hyundai: Q3 2020 Business Results (Tentative)
HYUNDAI MOTOR COMPANY (HMC) Corporate Disclosure to Korea Exchange Disclosure title : Q3 2020 Business Results (Tentative) * Below figures are tentative results and may differ from final confirmed numbers. 1. K-IFRS Consolidated Business Results Unit : KRW million Q3 2020 Q2 2020 QoQ (%) Q3… Continue reading @Hyundai: Q3 2020 Business Results (Tentative)
@Tata: Tata Motors Achieves the Milestone of Producing 4 Million Passenger Vehicles
24 October, 2020 Tata Motors celebrates the landmark achievement of producing 4 million passenger vehicles with #WeLoveYou4Million campaign thanking all its loyal customers. Tata Motors celebrates the significant milestone of crossing 4 million-production mark with a flag-off ceremony of their ‘New Forever’ range of passenger vehicles along with the electrifying Nexon EV, from its manufacturing… Continue reading @Tata: Tata Motors Achieves the Milestone of Producing 4 Million Passenger Vehicles
German Handelsblatt: Corona crisis: New Seat boss: VW subsidiary is heading into the red in 2020000619
Wayne Griffiths The new Seat boss has commented on the losses of his company. (Photo: AFP) Berlin According to its new boss, Wayne Griffiths, the Spanish VW subsidiary Seat will be in the red in 2020. “We will not recoup the losses that we incurred in the months of March to August this year. We… Continue reading German Handelsblatt: Corona crisis: New Seat boss: VW subsidiary is heading into the red in 2020000619
German Handelsblatt: Car manufacturer: VW will apparently assume the luxury car brand Bentley from 2021 to the subsidiary Audi000617
Bentley The luxury car brand belongs to the Volkswagen Group. (Photo: dpa) Berlin Volkswagen is pushing ahead with the restructuring of the group and, according to a report in “Automobilwoche”, will subordinate the British luxury brand Bentley to the Ingolstadt subsidiary Audi from 2021. Until now, the responsibility for Bentley on the VW group board… Continue reading German Handelsblatt: Car manufacturer: VW will apparently assume the luxury car brand Bentley from 2021 to the subsidiary Audi000617
German Handelsblatt: Climate protection: VW boss Diess calls for commitment from the auto industry to stricter EU climate targets000615
Herbert Diess The VW CEO assumes that the stricter CO2 limits will lead to the end of the combustion engine. (Photo: Reuters) Berlin The VW group demands a clear commitment from the automotive industry to the stricter climate targets in the European Union. “It is better for us to help shape the change now than… Continue reading German Handelsblatt: Climate protection: VW boss Diess calls for commitment from the auto industry to stricter EU climate targets000615
@VW Group: Women leaders at Volkswagen talk about the road ahead March is Women’s History Month and offers an opportunity to look at the progr…
March is Women’s History Month and offers an opportunity to look at the progress women have made in the automotive industry and the challenges that remain. We asked four leading women from Volkswagen of America to share their insights about breaking into a male-dominated industry, their role models, and where they want to take their… Continue reading @VW Group: Women leaders at Volkswagen talk about the road ahead March is Women’s History Month and offers an opportunity to look at the progr…
@VW Group: Come as you are: Creating a free, safe space for LGBTQ students and allies Since its partnership with the Museum of Modern Art (MoM…
Since its partnership with the Museum of Modern Art (MoMA) in 2011, Volkswagen has been committed to supporting educational programs that foster learning opportunities and connections between art and life. One of the programs made possible by Volkswagen’s partnership with MoMA is Open Art Space, a relaxed weekly drop-in program for LGBTQ high school students… Continue reading @VW Group: Come as you are: Creating a free, safe space for LGBTQ students and allies Since its partnership with the Museum of Modern Art (MoM…