STOCKHOLM, April 24, 2020 /PRNewswire/ — Financial Summary – Q1’20 Underlying financial results better than expected, due to our Market Adjustment Initiatives (MAI) Net Sales $362 million Net Sales decline 27% including Organic Sales1 decline 15%, 9pp better than the global LVP Active Safety Net Sales decline 15% including Organic Sales decline of 13% Operating… Continue reading Veoneer: Financial Report January – March 2020
Category: Newswire
Daimler to gradually restart production at base in Hungary
German carmaker Daimler will gradually restart production at its plant in Kecskemét (about 85 km southeast of Budapest) from Tuesday, April 28, Mercedes-Benz Manufacturing Hungary said on Thursday.Production at the plant in Kecskemét was suspended on March 20 because of the pandemic.Daimler employs more than 4,400 people at the Mercedes-Benz base in Kecskemét.
Carmakers Pledge 5 Million ‘Talking Cars’ in FCC Airwaves Bid
The U.S. auto industry will deploy millions more wireless systems to help prevent traffic collisions if the Federal Communications Commission abandons a proposal that would take away most of the radio frequencies reserved to carry those signals, according to an industry trade association.
Veoneer to Focus on Core Electronics Business
STOCKHOLM, April 23, 2020 /PRNewswire/ — The automotive technology company, Veoneer, Inc. (NYSE: VNE) and (SSE: VNE SDB), has, following a strategic review, decided to exit the brake control business and has signed a non-binding agreement with a well-established automotive supplier to divest Veoneer’s yet to be launched US brake control programs. Following the strategic review… Continue reading Veoneer to Focus on Core Electronics Business
VW Restarts Electric-Car Output Ahead of European Rollout
Volkswagen AG is pressing ahead with the manufacturing of the ID.3 electric car and expects to start European deliveries this summer as planned, despite lingering uncertainty surrounding demand for vehicles amid the Covid-19 pandemic.
Kongsberg Automotive reports Q1 2020 results
Thu, Apr 23, 2020 07:30 CET Kongsberg Automotive Q1 2020 Report and Presentation follow attached. Revenues declined by MEUR 45 (-15 %) YoY to MEUR 262. There were no significant FX effects. The revenue shortfall to the guidance of MEUR 278 for Q1 2020 was primarily driven by corona virus related North American and European… Continue reading Kongsberg Automotive reports Q1 2020 results
GROUPE RENAULT: Quarterly information – March 31, 2020
PRESS RELEASE#RenaultResults Groupe Renault’s revenues of €10,125 million in the first quarter of 2020 ·The Group sold 672,962 vehicles in the quarter, down -25.9% in a global market down -24.6%1. ·Group revenues reached €10,125 million (-19.2%) in the quarter. At constant exchange rates and perimeter2, the decrease would have been -18.3%. ·Renault’s Board of Directors decided on April 9,… Continue reading GROUPE RENAULT: Quarterly information – March 31, 2020
Michelin: press release relative to 2019 Universal Registration Document availability and Annual Shareholders meeting information
Clermont-Ferrand, France – April 23, 2020(English version of the French press release published on April 20, 2020)Press Release2019 UNIVERSAL REGISTRATION DOCUMENTANNUAL SHAREHOLDERS MEETING – NOTICE OF MEETING2019 UNIVERSAL REGISTRATION DOCUMENTMichelin filed its 2019 Universal Registration Document with the Autorité des Marchés Financiers (AMF) on April 17, 2020. It is freely available to the public under… Continue reading Michelin: press release relative to 2019 Universal Registration Document availability and Annual Shareholders meeting information
Kia Motors Delivers 15,000 Medical Use Face Shields To The Georgia Emergency Management Agency
“Kia Motors Manufacturing Georgia asked how they could help, and then stepped up to provide life-saving equipment for the heroes on the front lines in the battle against COVID-19,” said Georgia Department of Economic Development Commissioner, Pat Wilson. “We thank Kia once again for being such a strong partner in our Georgia-made family.” Face shields are… Continue reading Kia Motors Delivers 15,000 Medical Use Face Shields To The Georgia Emergency Management Agency
Italy Will Let Manufacturing, Automotive Sectors Restart First
Companies in Italy’s manufacturing, automotive and construction industries will be the first to restart activities, as the government on May 4 begins gradually lifting a nationwide lockdown, Deputy Health Minister Pierpaolo Sileri said.