Category: Automotive

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

Volkswagen: Germany’s first mass lawsuit begins

Germany’s first mass lawsuit begins as 450,000 owners of diesel Volkswagen cars take on the company. They argue they are owed compensation for being sold cars based on misleading emissions data. The scandal has already cost VW €30bn (£26.6bn). It has faced class action claims in the US and Australia, but this is the first… Continue reading Volkswagen: Germany’s first mass lawsuit begins

EVgo Teams With Uber To Accelerate Rideshare Electrification

If zero-emission ridesharing is the future, Uber needs to secure a charging solution. EVgo and Uber announced a Memorandum of Agreement (MOU) to explore and accelerate rideshare electrification. In the beginning, the partners intend to jointly educate Uber driver-partners and offer access to EV fast-charging network. Another thing will be analysis of where to put… Continue reading EVgo Teams With Uber To Accelerate Rideshare Electrification

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

Why automakers will reach their CO2 targets in 2020

They have been preparing for several years, and the wall is now approaching at high speed. 2020 is a fateful year for car manufacturers, who will have to meet their CO2 emissions obligations or be severely sanctioned by Brussels. The accounts will be made at the end of next year. The sales of each manufacturer… Continue reading Why automakers will reach their CO2 targets in 2020