Thu, Nov 07, 2019 07:30 CET Kongsberg Automotive ASA Q3 2019 Report and Presentation follow attached. Highlights Q3 2019: In a challenging market environment, we again grew our revenues: YoY revenue growth of 7.8% from MEUR 259 to MEUR 279 including positive FX effects of MEUR 4. Excluding FX effects, our growth rate was 6%… Continue reading Kongsberg Automotive reports Q3 2019 results
Category: Newswire
Karma Automotive Uses AutoMobility LA To Showcase Tech-Focused Ecosystem To Drive Its Continued Growth
“Karma is evolving beyond a car company to become a tech-driven brand equally focused on being an important engineering, design, customization resource and high-tech incubator to others,” said Karma CEO Dr. Lance Zhou. “As the only company creating and building cars in Southern California today, Karma’s presence at these two major automotive forums reinforces our… Continue reading Karma Automotive Uses AutoMobility LA To Showcase Tech-Focused Ecosystem To Drive Its Continued Growth
Wrench Announces $20M Series C to Bring Highest Quality Vehicle Maintenance and Repair Services to More Doors Across U.S.
SEATTLE, Nov. 7, 2019 /PRNewswire/ — Wrench, the mobile vehicle maintenance and repair solution that brings dealer-quality service directly to consumers and fleet customers across the U.S., today announced a $20 million Series C funding round led by Vulcan Capital, with additional participation from Madrona Venture Group, Tenaya Capital and Marubeni Corporation. The funding will accelerate… Continue reading Wrench Announces $20M Series C to Bring Highest Quality Vehicle Maintenance and Repair Services to More Doors Across U.S.
Adient reports fourth quarter and full-year 2019 financial results; earnings and cash flow growth expected in fiscal 2020
PLYMOUTH, Mich., Nov. 7, 2019 /PRNewswire/ — Adient (NYSE: ADNT), a global leader in automotive seating, today announced fourth quarter and full-year 2019 financial results. Impacted by one-time, non-cash charges, Q4 GAAP net loss and EPS diluted of $(4) million and $(0.04), respectively; Q4 Adj.-EPS diluted of $0.63 Q4 Adj.-EBIT and Adj.-EBITDA of $138 million… Continue reading Adient reports fourth quarter and full-year 2019 financial results; earnings and cash flow growth expected in fiscal 2020
Toyota posts 14% rise in Q2 operating profit as car sales rise
TOKYO, Nov 7 (Reuters) – Toyota Motor Corp posted a 14.4% rise in second-quarter profit on Thursday, boosted by a rise in global vehicle sales.
Japan's biggest automaker posted an operating profit of 662.3 billion yen ($6.09 billion) in the July-September quarter, up from 579.1 billion yen a year ago.
It was higher than an average forecast of 592.3 billion yen based on estimates from nine analysts, Refinitiv data shows.
The downfall of Carlos Ghosn
…the chief executive of a large dealer for Nissan in Japan. Ghosn was relentlessly driven by the search for scale — his desire to create an ever-bigger automotive empire — but that expansion made it…
BMW Profit Jumps on Cost Cutting in New CEO’s Debut Quarter
BMW AG showed signs of recovery under its new chief executive officer, beating analyst estimates in the third quarter on aggressive cost-cutting and demand for upscale models like the big X7 SUV.
Aston Martin Owners Hinder Access to Stock Market for New Cash
A weakening of powers held by the management of Britain’s most famous luxury car company has made it harder for the firm to raise much-needed capital.
Audi to increase engine production in Hungary, says Szijjártó
German carmaker Audi will increase the production of engines at its Hungarian factory to 2.25 million units next year, Minister of Foreign Affairs and Trade Péter Szijjártó has said, international news wire Reuters reported.The carmaker, which is part of the Volkswagen group, has been making engines in Hungary since 1994.Of the 1.95 mln engines produced in 2018, 9,453 were electric axle drive units.
Cars.com Reports Third Quarter 2019 Results
CHICAGO, Nov. 6, 2019 /PRNewswire/ — Cars.com Inc. (NYSE: CARS) (“Cars.com” or the “Company”), a leading digital marketplace and solutions provider for the automotive industry, today released its financial results for the quarter ended September 30, 2019. Q3 Financial Highlights Revenue of $152.1 million, down $17.2 million, or 10%, year-over-year, in line with expectations Non-cash… Continue reading Cars.com Reports Third Quarter 2019 Results