Ford Saudi Distributor Network Accelerates Growth as Mohamed Yousuf Naghi Motors and Al Jazirah Vehicles Agencies Complete Buy-Sell Agreement

Mohamed Yousuf Naghi Motors Co. to represent Ford and Lincoln in Western and Southern regions, while Al Jazirah Vehicles Agencies Co. continue their representation of both brands in the Central, Eastern and Northern regions Distributor network action comes as part of Ford Motor Company’s continued commitment to the Middle East region and its efforts to… Continue reading Ford Saudi Distributor Network Accelerates Growth as Mohamed Yousuf Naghi Motors and Al Jazirah Vehicles Agencies Complete Buy-Sell Agreement

Honda Plans to Race with Hybrid Powertrains in INDYCAR Racing

August 5, 2019 – TORRANCE, Calif TORRANCE, Calif – Aug. 5 – Honda today applauded the announcement by INDYCAR that it will introduce hybrid powertrains to race cars in the NTT Indycar Series for the 2022 season. The plan to begin using hybrid powertrains in a pinnacle racing series like INDYCAR parallels a recent announcement… Continue reading Honda Plans to Race with Hybrid Powertrains in INDYCAR Racing

Color On-Point: New Lincoln Navigator Arrives with Three Striking Monochromatic Themes, Advanced Technology

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Color On-Point: New Lincoln Navigator Arrives with Three Striking Monochromatic Themes, Advanced Technology

The Monochromatic Package, available on the Navigator Reserve series, offers on-trend exterior sweeps of color that showcase the bold lines of Lincoln’s full-size SUV
Lincoln-exclusive Phone As A Key technology comes to 2020 Navigator; more standard technology and luxurious features added, including Lincoln Co-Pilot360™, a wireless charging pad and power running boards
Navigator, the most awarded luxury SUV in its class, continues to impress with more than 66 percent of sales coming from other brands; nine out of 10 clients choose high series Reserve or Black Label Navigators

DEARBORN, Mich., July 15, 2019 – A sweeping length of monochromatic color that’s clean, dramatic and designed to turn heads showcases the bold, elegant lines of the Lincoln Navigator and hints at the sanctuary within. Three choices for this signature exterior palet..

Notice Regarding Completion of Payment for Disposal of Own Shares as Restricted Stock Compensation

July 31, 2019

Notice Regarding Completion of Payment for Disposal of Own Shares
as Restricted Stock Compensation

Company name:SUBARU CORPORATION
Representative:Tomomi Nakamura, President and CEO
Code number:7270 (First Section of Tokyo Stock Exchange)
Contact for inquiries:Katsuo Saito, Vice President
and General Manager of Investor Relations Department
Phone:+81-3-6447-8825

Subaru Corporation (the “Company”) hereby announces that payment procedures were completed on July 31, 2019 as follows for the disposal of its own shares as stock compensation that was resolved by its Board of Directors pursuant to Article 370 of the Companies Act of Japan and Article 29 of the Articles of Incorporation (written resolution in lieu of a Board of Directors meeting) on July 10, 2019. For more information on this matter, please refer to “Notice Regarding Disposal of Own Shares as Restricted Stock Compensation” announced on July 10, 2019.

Overview of Disposal of Own Shares

(1) Class and number of shares to be disposed
56,827 shares of common stock of the Company

(2) Disposal price
¥ 2,632 per share

(3) Total value of share disposal
¥ 149,568,664

(4) Grantees of shares and number thereof;
number of shares to be granted
The Company’s Directors (excluding Outside Directors)
  6 persons, 20,134 shares
The Company’s Executive Officers
 19 persons, 36,693 shares

(5) Payment date
July 31, 2019

###

[PDF/138 KB]

STYLE SET FREE – Hyundai Motor’s vision for future mobility

Hyundai will offer a glimpse of how it envisages the future in-car experience under the concept STYLE SET FREE With STYLE SET FREE, Hyundai demonstrates its customer-centric approach to future mobility Cars set to become extensions of living spaces so customers will be able to personalise their vehicles as they do their homes 5 August… Continue reading STYLE SET FREE – Hyundai Motor’s vision for future mobility

Already there. The new Sprinter for Camper Vans: Mercedes-Benz is starting its camper van campaign for the new Sprinter

01.

August 2019

Stuttgart

Stuttgart. Mercedes-Benz is starting its international marketing campaign “Already there. The new Mercedes-Benz Sprinter for Camper Vans”. And the special thing about it is that the vehicle manufacturer from Stuttgart will be launching its very first campaign specifically for camper vans based on its iconic Sprinter van. The core element of the campaign will be formed by two videos which can already be seen online.
“Whether you're planning a family holiday or a spontaneous rock-climbing trip with friends, travelling in camper vans is extremely fun for all those involved. And the camper van market is booming at present.
We would like to play a more active part in this development than has previously been the case. That's why we have consistently developed the third-generation Sprinter to meet the requirements of this segment and made it even more suitable than ever before for camper van bodies and installations. Camper van features of our new Sprinter will now be highlighted as part of a specific advertising campaign which will predominantly serve digital communications channels. And our aim here is clear: show that, with the Sprinter, you'll get that holiday feeling as soon as you pull away”, says Marion Friese, Head of Marketing at Mercedes-Benz Vans.
About the campaign
The core element of the marketing campaign is formed by two videos. The “Are we there yet?” advert takes a light-hearted look at a typical holiday situation with which parents of younger children will be more than familiar. Already before pulling away, the kids ask: “When will we be there?” Initially the father of the family is silent, but with a glance at the Sprinter, he calmly answers: “Now we're there.” The second ad, entitled “Call me when you arrive”, will also bring a smile to viewers' faces. When saying goodbye at the house door, the grandmother tells her daughter to: “Call me as soon as you get there.” This request is promptly honoured. Without having even driven a single metre, the mother gets into the Sprinter and says: “We're there.” Both videos are already available to watch at: https://youtu.be/lR_NW3mPiNc
Are we there yet?

and https://youtu.be/A-oXj3B_BVg.
Call me when you arrive.

Adverts in printed media and a range of social media measures will round off the campaign. The latter will bear the #SprinterTravel hashtag. Implementation and development of the campaign are the result of a collaboration with the Preuss und Preuss creative agency.
About the Sprinter
At the beginning of 2018, the new Sprinter celebrated its premiere and, with a huge range of interesting highlights, already proved to be an exciting proposition for camping fans and camper van bodybuilders alike. Of particular interest was the traction head variant. This version opens up a new level of design freedom for creating living areas as the drive system, fuel tank and all other major assemblies are located in front of the so-called B-pillar and thus in the area around the cab. Depending on the body version, pleasant cruising speeds are achieved either using four or six-cylinder diesel engines. Transmission options include the 6-speed manual transmission, as well as the 9G-TRONIC and 7G-TRONIC PLUS automatic gearboxes. The third-generation Sprinter also features an array of safety and assistance systems which were previously reserved exclusively for Mercedes-Benz passenger car model series. Then there are the ground-breaking networking and telematics solutions such as the MBUX multimedia system, familiar from the A-Class, for example. In 2019, the Sprinter will be enhanced by means of another useful highlight for camper vans: the newly developed “Mercedes-Benz Advanced Control” (MBAC) interface module will soon allow camper vans based on the Sprinter to become a networked home on wheels. Possibilities range from the central display of the gas fill level right up to controlling the heating or light intensity and colour using either a touch display in the vehicle or a mobile phone app.[1]
Besides providing attractive base vehicles like the new Sprinter, Mercedes-Benz also has a range of compact Marco Polo camper vans and leisure vehicles in its portfolio for camping enthusiasts.
[1] The “Mercedes-Benz Advanced Control” (MBAC) interface module is optionally available for the Sprinter. Integration is the responsibility of the respective camper van bodybuilders.

Press Contact

Diana Boch

Spokesperson Product Communications Vans – V-Class and Travel Vans

diana.boch@daimler.com

Tel: +49 (0)711 17-52406

Fax: +49 (0)711 17-52030

Manuela Klein

Spokesperson Product Communications Vans

manuela.klein@daimler.com

Tel: +49 (0)711 17-53558

Fax: +49 (0)711 17-52030

Ingeborg Gärtner

Spokesperson Product Communications Vans

ingeborg.gaertner@daimler.com

Tel: +49 (0)711 17-49784

Fax: +49 (0)711 17-52030

Press Contact Overview

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Already there. Mercedes-Benz starts camper van campaign for the new Sprinter

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FIRST-HALF 2019 RESULTS: RCI BANK AND SERVICES MAINTAINS A HIGH-LEVEL SALES AND FINANCIAL PERFORMANCE IN A SHARPLY DECLINING AUTOMOTIVE MARKET

Despite the downturn in the automotive sector, RCI Bank and Services stabilized its volume of financing contracts, set a new penetration rate record[1] and continued to develop its services activity. RCI Bank and Services continues performing financially at a record level in the first-half of 2019.   918,504 new financing contracts, for a total of… Continue reading FIRST-HALF 2019 RESULTS: RCI BANK AND SERVICES MAINTAINS A HIGH-LEVEL SALES AND FINANCIAL PERFORMANCE IN A SHARPLY DECLINING AUTOMOTIVE MARKET

DACIA DUSTER, NEW TCE 100 PETROL ENGINE

 Dacia is modernizing its engine range with the latest TCe 100 petrol engine on Duster, the top-selling C-segment SUV in France in 2019 in consumer sales.  Replacing the SCe 115, the new-generation engine affords versatility and athleticism while reducing fuel consumption and CO2 emissions.  Launched in France on July 30, 2019, the TCe 100 will be… Continue reading DACIA DUSTER, NEW TCE 100 PETROL ENGINE

Subaru Corporation Announces Consolidated Financial Results forthe First Quarter of FYE2020

August 5, 2019

Subaru Corporation Announces Consolidated Financial Results for
the First Quarter of FYE2020

Tokyo, August 5, 2019 – Subaru Corporation today announced its consolidated financial results for the first quarter of fiscal year ending March 31, 2020.

Consolidated global unit sales of Subaru vehicles increased 8.8% to 263,000 units.
Overseas unit sales rose 9.7% to 229,000 units due mainly to growth in the U.S. driven by strong demand for the Ascent and Forester. Unit sales in Japan grew 2.9% to 33,000 units*1, led by the fully-redesigned Forester launched in July 2018 and the Subaru XV which newly added “e-Boxer”-equipped models*2 to its lineup in October 2018.
Consolidated revenue*3 rose 16.0% to 833.4 billion yen due to unit sales growth and other factors.

The Company is voluntarily adopting International Financial Reporting Standards (IFRS) for its consolidated financial statements from the fiscal year ending March 2020 (FYE2020) in place of the Japanese generally accepted accounting principles (JGAAP) previously adopted. The first-quarter and full-year result figures for the previous fiscal year (FYE2019) have been recalculated based on IFRS for comparison and analysis purposes.

Global production rose 8.4% to 262,000 units. Production in Japan increased due to strong demand for the fully-redesigned Forester, which offset an impact of changes in operation schedules at the Gunma plant continuing since the fall of 2018 to ensure quality-first production and inspection work. Overseas production grew significantly due to an increase in output of the all-new Ascent at Subaru of Indiana Automotive Inc. in the U.S.

Operating profit*4 rose 48.4% to 92.2 billion yen as a result of unit sales growth, sales incentive control, decreases in SG&A expenses and R&D expenditures, and other factors. Profit before tax*5 grew 41.0% to 89.3 billion yen. Profit for the period attributable to owners of parent*6 increased 40.1% to 66.5 billion yen.

Full-year forecasts for FYE2020 remain unchanged from the previous announcement made on May 10, 2019.

Forecasts for FYE2020 (Announced on May 10, 2019):
Consolidated global sales of Subaru vehicles: 1,058,000 units
Revenue: 3,310 billion yen
Operating profit: 260 billion yen
Profit before tax: 270 billion yen
Profit for the period attributable to owners of parent: 210 billion yen
Currency rate assumptions: 110 yen/US$, 120 yen/euro

*1: Under IFRS, revenue recognition timing for unit sales in Japan is on a delivery-to-customer basis, whereas it is on a vehicle registration basis under JGAAP.
*2: “e-Boxer” is Subaru’s newly-developed power unit system combining a horizontally-opposed Boxer engine with an electric motor, which offers enhanced environmental performance as well as Subaru’s distinctive driving enjoyment.
*3: “Net sales” in JGAAP is stated as “revenue” in IFRS.
*4: “Operating income” in JGAAP is stated as “operating profit” in IFRS.
*5 “Income before income taxes” in JGAAP is stated as “profit before tax” in IFRS.
*6: “Net income attributable to owners of parent” in JGAAP is stated as “profit for the period attributable to owners of parent” in IFRS.
Note: Vehicle volume figures are rounded off to the nearest thousand.

Forward-looking statements in this document including financial and other forecasts are based on the information available at the time of announcement and are subject to various risks and uncertainties that could cause actual results to vary materially.

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