RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News: Groupe PSA (Paris:UG) revenue amounted to €15,579 million in Q3 2019 compared to €15,428 million in Q3 2018. Automotive division revenue amounted to €11,824 million up by 0.1% compared to Q3 2018. A strong product mix (+4.4%) as well as positive price conditions (+1.0%) more than offset the decrease of sales… Continue reading Groupe PSA: Q3 2019 Group revenue growth
Category: Automotive
Groupe PSA Q3 2019 Results
Q3 2019 Group revenue growth Group Q3 revenue up 1% at €15.6 billion; Automotive division[1] revenue up 0.1% at €11.8 billion; New growth of market share in Europe : +0.1 pt[2] Groupe PSA revenue amounted to €15,579 million in Q3 2019 compared to €15,428 million in Q3 2018. Automotive division revenue amounted to €11,824 million… Continue reading Groupe PSA Q3 2019 Results
Exclusive: Datsun brand set to go as Nissan rolls back Ghosn’s expansionist strategy – sources
YOKOHAMA, Japan (Reuters) – Nissan Motor Co Ltd is likely to axe its Datsun brand, drop some unprofitable products and close a number of assembly lines worldwide as it seeks to boost profits by getting smaller, two company sources with direct knowledge of the matter said. FILE PHOTO: A worker walks near a Datsun logo… Continue reading Exclusive: Datsun brand set to go as Nissan rolls back Ghosn’s expansionist strategy – sources
Toyota to Welcome Visitors at ‘Mobility Theme Park’
Oct. 23, 2019
Toyota to Welcome Visitors at 'Mobility Theme Park'Visitors to the Toyota booth at Tokyo Motor Show 2019 can become residents of the future
[Feature] Tokyo Motor Show 2019 Message from Akio Toyoda
Oct. 23, 2019
Tokyo Motor Show 2019
Message from Akio Toyoda
Toyota’s luxury Lexus brand plans battery EV launch in 2020
FILE PHOTO: Toyota Motor Corp’s Lexus brand logo is displayed at the 44th Tokyo Motor Show in Tokyo, Japan, November 2, 2015. REUTERS/Issei Kato TOKYO (Reuters) – Toyota Motor’s (7203.T) Lexus will launch its first all-battery electric vehicle next year, as the luxury brand races to market a battery-operated car amid growing competition to develop… Continue reading Toyota’s luxury Lexus brand plans battery EV launch in 2020
All-new Jazz leads electrification charge for Honda
Next generation of iconic Jazz features two-motor hybrid technology as standard “e:HEV” hybrid technology delivers outstanding refinement and efficiency All-new Jazz first to feature “e:Technology” branding that will spread to all of Honda’s future electrified products Addition of new ‘Crosstar’ variant Advanced connectivity provides an intuitive user interface and wireless smartphone mirroring capability Class-leading space… Continue reading All-new Jazz leads electrification charge for Honda
Faraday looks at $850m fundraise sidestepping founder’s woes
Faraday & Future Inc.’s new chief executive aims to raise about $850 million by the first quarter of next year, an effort he doesn’t expect to be derailed by the financial problems facing the electric-vehicle startup’s founder. The company plans to use proceeds from the upcoming funding round as a bridge to an initial public… Continue reading Faraday looks at $850m fundraise sidestepping founder’s woes
Lexus Presents its Vision of Future Electrification with the World Premiere of the LF-30 Electrified Concept
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Hyundai Mobis Invests in and Forms Partnership with Velodyne Lidar
SEOUL, South Korea–(BUSINESS WIRE)–Hyundai Mobis (KRX:012330) is joining hands with ‘Velodyne Lidar’, world leading lidar company, for mass-producing level 3 autonomous driving lidar system. Hyundai Mobis will also invest $50 million in Velodyne, creating invaluable synergy between the two companies to reinforce business cooperation in Lidar commercialization. The two companies will collaborate on new lidar… Continue reading Hyundai Mobis Invests in and Forms Partnership with Velodyne Lidar