Press ReleaseClermont-Ferrand, France – Wednesday, April 29, 2020COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELINFinancial information for the three months ended March 31, 2020In the first quarter of 2020, at a time of systemic crisis due to COVID 19, Michelin saw an 8.3% decline in sales and deployed the measures needed to attenuate the impact of the crisis… Continue reading Michelin: In the first quarter of 2020, at a time of systemic crisis due to COVID-19, Michelin saw an 8.3% decline in sales and deployed the measures needed to attenuate the impact of the crisis on employee health and the Group’s business.
Category: Newswire
rideOS Selected by Alto to Scale Its On-Demand Multi-Service Mobility Business
SAN FRANCISCO, April 28, 2020 /PRNewswire/ — rideOS, a leading Mobility as a Service technology provider that empowers businesses to build, operate and scale on-demand transportation offerings, today announced that Alto is utilizing the rideOS platform to manage its elevated rideshare service and accelerate its entry into last-mile delivery. Alto is now taking full-advantage of rideOS’… Continue reading rideOS Selected by Alto to Scale Its On-Demand Multi-Service Mobility Business
Nissan Warns of Losses, Delays Earnings Report Due to Pandemic
Nissan Motor Co. warned that it expects to post a loss for the just-ended fiscal year, becoming the latest global automaker to be hit by the coronavirus pandemic.
GM Suspends Dividend, Buybacks in Pivot to Cash Preservation
General Motors Co. suspended its dividend and the share-buyback program activist investors fought for over the last half decade as the largest U.S. automaker seeks to preserve cash in the midst of the pandemic shutting down much of the global car industry.
New Datsun redi-GO teased, launch soon
Nissan is all set to introduce the new Datsun redi-GO in India.Before the 2020 Datsun redi-GO is launched, the automobile manufacturer has released a couple of teaser images of the entry-level hatchback giving us a hint of its rather ‘bold’ exterior.The new Datsun redi-GO price might hover in the range.
Renault Samsung to suspend plant for 11 days on virus impact
Renault Samsung Motors Corp., the South Korean unit of Renault S.A., said Monday it will suspend its sole plant for 11 days, as the coronavirus outbreak has affected production and sales.The carmaker stopped the Busan plant for four days in February due to lack of parts from its Chinese suppliers as the COVID-19 outbreak hit supply chains.This month, the company’s 1,700-member union voted to accept a wage freeze and cash bonuses of 8.88 million won (US$7,320) per person for 2019.
China self-driving truck startup Inceptio raises US$100m from investors including GLP: sources
China’s Inceptio Technology, a startup developing self-driving trucks, has raised US$100 million in its latest funding round from logistics firm GLP, its key strategic investor G7 and other investors, two sources familiar with the matter told Reuters.The company, which aims to operate a freight network with autonomous driving trucks in China from 2022, has partnerships with Dongfeng Automobile Co, Sinotruk Hong Kong and Foton.The two-year-old firm is developing autonomous driving software and an in-car computing system while the truckmakers are responsible for the vehicles’ platforms.
Alcantara Re-Opens Umbria Plant In Italy
“Our decision to close the plant in March was based on a need to guarantee the safety of our employees,” said Alcantara Chairman and CEO Andrea Boragno. The facility has since undergone a deep-sanitization process and returning employees are being provided with masks, gloves and goggles as they enter the plant. Boragno added “It is… Continue reading Alcantara Re-Opens Umbria Plant In Italy
With New Partners, CATL Strengthens Commitment to Commercial Vehicle Electrification in Europe
NINGDE, China, April 27, 2020 /PRNewswire/ — Reacting to the growing trend towards e-mobility, Contemporary Amperex Technology Co. Limited (CATL) (300750.SZ), the global leading EV battery manufacturer, is expanding partnerships with VDL Bus & Coach B.V. and Quantron AG to optimize local product solutions and services for commercial vehicle electrification in Europe. The new partnerships… Continue reading With New Partners, CATL Strengthens Commitment to Commercial Vehicle Electrification in Europe
Great Wall Motor posts profit decline in 2019
SHIJIAZHUANG, April 26 (Xinhua) — Chinese carmaker Great Wall Motor said its net profit fell 13.6 percent year on year in 2019 as the world's largest auto market slowed.
The leading sport utility vehicle (SUV) and pickup maker said in its annual report that it made a net profit of 4.5 billion yuan (about 635 million U.S. dollars) last year when its total operating revenue dropped 3 percent year on year to 96.2 billion yuan.
The carmaker sold 1.06 million vehicles, an annual increase of 1.4 percent, in 2019 when auto sales in the whole country fell 8.2 percent to 25.77 million units.
In the first quarter of 2020, Great Wall Motor reported a net loss of 650 million yuan, compared to a net profit of 773 million yuan a year ago, according to a separate quarterly report.
Meanwhile, its first-quarter total operating revenue fell 45.1 percent year on year to 12.4 billion yuan, mainly as vehicle sales declined amid the COVID-19 epidemic.