Category: OEMs

PSA will pay 2,400 euros minimum profit sharing to its employees

“Under the incentive 2017, the amount that will be distributed to our employees in average value will be 2,600 euros, with a floor value of 2,400”, said Tavares on RTL.If the boss of PSA did not specify whether it was a gross or net amount, the CFTC-PSA has mentioned in a statement a minimum amount… Continue reading PSA will pay 2,400 euros minimum profit sharing to its employees

Tata Motors growth momentum continues in February 2018 with 38% increase in its domestic sales performance

Download press kit 1 March, 2018 Key growth drivers: Passenger Vehicles (45%), I&LCV (54%), SCV Cargo & Pickups (50%), MHCV (25%) In February 2018, Tata Motors registered a growth of 38% at 58,993 units as against 42,679 units due to the continued strong sales performance of its Commercial and Passenger Vehicles Business in the domestic… Continue reading Tata Motors growth momentum continues in February 2018 with 38% increase in its domestic sales performance

Historic Results of Groupe PSA In 2017: Revenue, Volume of Sales, Recurring Operating Income and Net Result Group Share at a Record Level

RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News : Groupe PSA (Paris:UG) :  Carlos Tavares, Chairman of Groupe PSA Managing Board said: « Peugeot Citroën DS outstanding results, making significant progress for the 4th year in a row, are the proof of our ability to deliver a profitable and sustainable growth. Our agile, customer focused and socially responsible approach is making… Continue reading Historic Results of Groupe PSA In 2017: Revenue, Volume of Sales, Recurring Operating Income and Net Result Group Share at a Record Level

Daimler Mobility Services purchases Europcar Group’s 25% stake in car2go Europe GmbH

Daimler Mobility Services to hold 100% of car2go Europe after approval by the relevant authorities Daimler is poised to further expand its mobility portfolio car2go Group has more than 3 million users worldwide  Stuttgart. Daimler Mobility Services announced today that it will acquire the 25 percent stake in car2go Europe GmbH from joint venture partner… Continue reading Daimler Mobility Services purchases Europcar Group’s 25% stake in car2go Europe GmbH

Organizational and Personnel Changes

2018/03/01 Company Information Mazda Motor Corporation has announced the following organizational and personnel changes, effective March 1, 2018. 1. Organizational Changes Changes in the area of integrated control systems development Aim As electronic systems become increasingly complex, create an organizational framework for the collective development of technologies based on a consistent strategy and equip it… Continue reading Organizational and Personnel Changes

Anne Abboud appointed Senior Vice-President of PSA Retail

Anne Abboud is appointed Senior Vice-President, PSA Retail, effective 1st April 2018. She succeeds Xavier Duchemin appointed Europe Sales Director for Opel and Vauxhall on 1st March 2018. She will report to Jean-Philippe Imparato, Chief Executive Officer of Peugeot and member of Groupe PSA Executive Committee who will take over interim head of PSA Retail… Continue reading Anne Abboud appointed Senior Vice-President of PSA Retail

Volvo Cars launches investment fund aimed at technology start-ups

Volvo Cars launches investment fund aimed at technology start-ups   Volvo Cars, the premium car maker, has launched a new investment fund aimed at investing in high potential technology start-ups around the globe.   The aim of the Volvo Cars Tech Fund is to invest in strategic technology trends that are transforming the industry, such… Continue reading Volvo Cars launches investment fund aimed at technology start-ups

February 27 Change in Personnel

27 February 2018 Change in Personnel Suzuki Motor Corporation will make the following change in president of overseas distributor as of 1 March 2018. Change in President of Overseas Distributor New Name Previous President,Suzuki Motor de Colombia S.A. Kenichi Umeda Manager based inSuzuki Motor de Colombia S.A.

February 27 Suzuki January 2018 Automobile Production, Japan Sales, and Export Figures (Preliminary)

  January 2018 (units) Year-on-Year Year-on-Year Trends Japan production 80,636 102.1% Up for the thirteenth consecutive month Overseas production 208,697 102.9% Up for the thirteenth consecutive month Global production 289,333 102.7% Up for the thirteenth consecutive month