Fiat Chrysler Automobiles NV disclosed the probable loss for a federal criminal settlement over allegations of cheating on diesel emissions tests to be almost $259 million. The notice was made in the company’s third-quarter financial filing with the U.S. Securities & Exchange Commission after the Italian American automaker this week shared record financial results. An FCA spokesman declined to comment on… Continue reading FCA expects to pay $259M in criminal settlement over alleged diesel emissions cheating
Category: Automotive
October 27, 2020 Motional and Via partner to launch a platform for public, on-demand shared robotaxi rides The partnership’s first service i…
October 27, 2020 Motional and Via partner to launch a platform for public, on-demand shared robotaxi rides The partnership’s first service is scheduled to launch in the first half of 2021 BOSTON, MA: October 27, 2020 — Motional, a global driverless technology leader, and Via, the leader in public mobility solutions, announce today a first-of-its-kind partnership… Continue reading October 27, 2020 Motional and Via partner to launch a platform for public, on-demand shared robotaxi rides The partnership’s first service i…
LG ANNOUNCES THIRD-QUARTER 2020 FINANCIAL RESULTS
October 30, 2020 LG ANNOUNCES THIRD-QUARTER 2020 FINANCIAL RESULTS Open share list Share this content. Record High Third-Quarter Revenue and Operating Income Margin Reflect Strong Home Appliance, Consumer Electronics Growth SEOUL, Oct. 30, 2020 — LG Electronics Inc. (LG) today announced third-quarter 2020 consolidated revenue of KRW 16.92 trillion (USD 14.24 billion) and operating profit… Continue reading LG ANNOUNCES THIRD-QUARTER 2020 FINANCIAL RESULTS
@GM: GM Names Paul Jacobson Executive Vice President and CFO October 30, 2020
Former Delta Air Lines, Inc. CFO will help GM rapidly build scale in vehicle electrification and autonomous technologies DETROIT, Oct. 30, 2020 /PRNewswire/ — General Motors Co. (NYSE: GM) announced today that Paul Jacobson has joined the company as executive vice president and chief financial officer, effective Dec. 1. He will report to GM Chairman and… Continue reading @GM: GM Names Paul Jacobson Executive Vice President and CFO October 30, 2020
@VW Group: Volkswagen brand recovers from Covid-19 slump in third quarter and confirms outlook
After the pandemic-related slump in the first half of the year, business performance at the Volkswagen Passenger Cars brand recovered noticeably in the period from July to September. With 1.5 million vehicles delivered worldwide, the core brand of the Volkswagen Group delivered almost as many vehicles to customers in the third quarter of 2020 as… Continue reading @VW Group: Volkswagen brand recovers from Covid-19 slump in third quarter and confirms outlook
@VW Group: ŠKODA AUTO achieves operating profit of 469 million euros in first three quarters of 2020
ŠKODA AUTO gained considerable momentum in the third quarter following the heavy burden on the company’s deliveries and financial figures in the first half of the year due to the extensive restrictions imposed worldwide to contain the first wave of the COVID-19 pandemic. ŠKODA AUTO was able to deliver 295,200 vehicles to customers thanks to… Continue reading @VW Group: ŠKODA AUTO achieves operating profit of 469 million euros in first three quarters of 2020
@VW Group: Success in uncertain times: 10.4 percent return on sales
The Porsche Newsroom is a service provided by the Porsche Communication for journalists, bloggers and the online community. © 2020 Dr. Ing. h.c. F. Porsche AG * Data determined in accordance with the measurement method required by law. Since 1 September 2017 certain new cars have been type approved in accordance with the Worldwide Harmonised Light… Continue reading @VW Group: Success in uncertain times: 10.4 percent return on sales
@VW Group: On track: Audi Group achieves breakeven thanks to strong third quarter
A noticeable recovery in the markets and a stabilization of business operations: After a very challenging first half of the year against the backdrop of the corona pandemic, the Audi Group is now catching up operationally and financially. Deliveries and revenue in the third quarter were both higher than in the prior-year period and operating… Continue reading @VW Group: On track: Audi Group achieves breakeven thanks to strong third quarter
@Mazda: Mazda North American Operations Names Takeshi Nishiki Chief Financial Officer
IRVINE, Calif., Oct. 30, 2020 /PRNewswire/ — Mazda North American Operations (MNAO) today announced the immediate appointment of Takeshi Nishiki as Chief Financial Officer. In this role, Nishiki will be tasked with maximizing Mazda’s financial resources to create a more nimble and profitable organization for the future. His efforts will focus on advancing Mazda’s financial… Continue reading @Mazda: Mazda North American Operations Names Takeshi Nishiki Chief Financial Officer
@Toyota: Agreement on New Business and Capital Alliance between Toyota Motor Corporation and KDDI Corporation
Toyota Motor Corporation (Head Office: Toyota City, Aichi Prefecture; President: Akio Toyoda; hereinafter, “Toyota”) and KDDI Corporation (Head Office: Chiyoda-ku, Tokyo; President: Makoto Takahashi; hereinafter, “KDDI”) have agreed on a new business and capital alliance today with the purpose of further strengthening the relationship between the two companies. Details of the agreement are as follows.… Continue reading @Toyota: Agreement on New Business and Capital Alliance between Toyota Motor Corporation and KDDI Corporation