Category: OEMRSSCHK

@VW Group: Class-action suit: Volkswagen offers settlement solution

The Group Board of Management at Volkswagen AG approved a settlement package during an extraordinary meeting today. The Board said the collapse of settlement negotiations with the Federation of German Consumer Organisations (Verbraucherzentrale Bundesverband – vzbv) should not have a negative impact on the company’s customers. For this reason, Volkswagen will offer the previously negotiated… Continue reading @VW Group: Class-action suit: Volkswagen offers settlement solution

@VW Group: World première at Geneva Motor Show: || First glimpse of the new Golf GTD

Volkswagen will celebrate the world première of the Golf GTD at the Geneva International Motor Show from 5 to 15 March. Among the technical highlights is the most powerful and – thanks to twin dosing – cleanest turbo diesel injection (TDI) engine ever to be installed in a Golf. It harmonises the confident dynamism of… Continue reading @VW Group: World première at Geneva Motor Show: || First glimpse of the new Golf GTD

@VW Group: ŠKODA AUTO sets production record in Kvasiny

Michael Oeljeklaus, ŠKODA AUTO Board Member for Production and Logistics, pointed out, “In 2019, we invested heavily in the renovation of the Kvasiny site and, together, we started manufacturing the ŠKODA SUPERB iV. This milestone in the history of both the plant and the company, as well as the new production record of more than 320,000 vehicles,… Continue reading @VW Group: ŠKODA AUTO sets production record in Kvasiny

@VW Group: CASA SEAT is opening its doors on 23rd April

The inauguration will take place on Saint George’s Day, one of the most important dates in the cultural life of Barcelona CASA SEAT will promote debate on the mobility of the future and aims to be a reference point in the city agenda The building is the work of architect Carlos Ferrater and the interior… Continue reading @VW Group: CASA SEAT is opening its doors on 23rd April

@Toyota: Toyota Financial Services Issues Fifth Green Bond, Reinforcing Toyota’s Commitment to Sustainability

$750 million bond proceeds finance environmentally friendly vehicle sales PLANO, Texas (February 14, 2020) – Toyota Financial Services (TFS) issued its latest unsecured Green Bond, reinforcing the company’s industry-leading commitment to the sale of environmentally friendly vehicles. Proceeds from the $750 million bond will be used to fund the acquisition of new retail installment contracts… Continue reading @Toyota: Toyota Financial Services Issues Fifth Green Bond, Reinforcing Toyota’s Commitment to Sustainability

@Nio: NIO Announces Additional US$100 Million Private Placements of Short-term Convertible Notes

SHANGHAI, China, Feb. 14, 2020 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s premium electric vehicle market, today announced that it has entered into definitive transaction documents with two unaffiliated Asia-based investment funds (the “Purchasers”), pursuant to which NIO will issue and sell convertible notes in an aggregate… Continue reading @Nio: NIO Announces Additional US$100 Million Private Placements of Short-term Convertible Notes

@Renault: 2019 FINANCIAL RESULTS : Groupe Renault meets its revised targets

Despite a troubled context, Groupe Renault achieved its targets, revised in October, with a 4.8% Group operating margin and a positive Automotive operational free cash flow. Sales at 3.8 million units, down -3.4%. Group revenues down -3.3% to €55,537 million. At constant exchange rates[1], revenues would have been down by -2.7%. Group operating margin of… Continue reading @Renault: 2019 FINANCIAL RESULTS : Groupe Renault meets its revised targets

@Hyundai: Refreshed Niro Hybrid Debuts at Canadian International Autoshow In Toronto

New headlights, grille and wheels highlight exterior changes More Advanced Driver Assistance Systems and added tech upgradesTORONTO, Feb. 13, 2020 (GLOBE NEWSWIRE) — Today Kia Canada Inc. (KCI) unveiled the enhanced Niro Hybrid and Plug-in Hybrid. The popular and award-winning compact crossover receives several exterior enhancements for its mid-cycle refresh, including available LED headlights and fog… Continue reading @Hyundai: Refreshed Niro Hybrid Debuts at Canadian International Autoshow In Toronto

@Toyota: Toyota Mobility Foundation Introduces Global Next-Gen Urban Development & Traffic Management Challenge with MDEC

Rethinking the Future of Mobility CATCH will seek to address mobility challenges in Kuala Lumpur through a global call for solutions. For a period of 8 months, participants from start-ups, academic and research institutions to corporates, or even the general public can conceptualize and develop solutions that are dynamic, intelligent and data-driven to design future… Continue reading @Toyota: Toyota Mobility Foundation Introduces Global Next-Gen Urban Development & Traffic Management Challenge with MDEC