Group registrations increased by 4.8% (at constant perimeter including Jinbei and Huasong) to 935,041 vehicles in a market up 2.7%.
Category: Automotive
HiyaCar to Close $1M Crowdfunding Round
A screenshot of HiyaCar’s mobile app. Photo: Michaela Kwoka-Coleman U.K.-based peer-to-peer rental platform HiyaCar is poised to close off its latest round of equity crowdfunding with more than 1 million pounds ($139,140,114), Crowdfund Insider reports. Formerly called “Ascendia Drive,” HiyaCar currently operates with a network of 1,600 cars. The carsharing platform is also insured by… Continue reading HiyaCar to Close $1M Crowdfunding Round
TMC Announces Organizational and Personnel Changes
Toyota Motor Corporation (TMC) today announces organizational changes, as well as personnel changes at the sub-executive managerial level.
Volvo Cars’ first quarter 2018 operating profit rises 3.6 per cent to SEK 3,616 million
Volvo Cars’ first quarter 2018 operating profit rises 3.6 per cent to SEK 3,616 million Volvo Cars, the premium car maker, today reports its financial result for the first quarter of 2018. Highlights from the financial report include the following: First quarter: Operating profit of MSEK 3,616, an increase of 3.6 per cent… Continue reading Volvo Cars’ first quarter 2018 operating profit rises 3.6 per cent to SEK 3,616 million
(LEAD) Kia Q1 net plunges 44 pct on strong won, weak sales
(ATTN: ADDS details throughout) SEOUL, April 27 (Yonhap) — Kia Motors Corp., South Korea’s second-largest carmaker by sales, said Friday its first-quarter net profit plunged 44 percent from a year earlier on the strong won and weak overseas sales. Net profit for the January-March quarter fell to 432 billion won (US$401 million) from 765.4 billion… Continue reading (LEAD) Kia Q1 net plunges 44 pct on strong won, weak sales
Kia Q1 net plunges 44 pct on strong won, weak sales
SEOUL, April 27 (Yonhap) — Kia Motors Corp., South Korea’s second-largest carmaker by sales, said Friday its first-quarter net profit plunged 44 percent from a year earlier on the strong won and weak overseas sales. Net profit for the January-March quarter fell to 432 billion won (US$401 million) from 765.4 billion won a year earlier,… Continue reading Kia Q1 net plunges 44 pct on strong won, weak sales
BORGWARNER REPORTS FIRST QUARTER 2018 U.S. GAAP NET EARNINGS OF $1.07 PER DILUTED SHARE, OR $1.10 PER DILUTED SHARE EXCLUDING NON-COMPARABLE ITEMS
Tesla’s board against proposal to require independent chairman
(Reuters) – Tesla Inc’s board recommended on Thursday that shareholders vote against a proposal that would require the electric car maker’s chairman to be an independent director, ahead of its annual meeting. FILE PHOTO: Tesla CEO Elon Musk unveils the Roadster 2 during a presentation in Hawthorne, California, U.S., November 16, 2017. Tesla/Handout via REUTERS/File… Continue reading Tesla’s board against proposal to require independent chairman
Toyota to invest $170 mln in Mississippi plant, create 400 jobs
DETROIT (Reuters) – Toyota Motor Corp (7203.T) will invest $170 million in an existing plant in Mississippi to build the next generation of its Corolla sedan, the Japanese automaker said on Thursday. FILE PHOTO: The Toyota logo is shown at the Los Angeles Auto Show in Los Angeles, California, U.S., November 30, 2017. REUTERS/Mike Blake/File… Continue reading Toyota to invest $170 mln in Mississippi plant, create 400 jobs
Ford: We won’t abandon affordable, entry-level vehicles
Ford says U.S. consumers no longer want sedans. Jim Farley, Ford president of global markets, told The Detroit News on Thursday that doesn’t mean the Blue Oval won’t have affordable, fuel-efficient options. (Photo: Justin Sullivan / Getty Images) Some dealers are concerned that Ford Motor Co.’s decision to cut back its lineup of sedans and… Continue reading Ford: We won’t abandon affordable, entry-level vehicles