Aston Martin Lagonda Global Holdings Plc predicted a decline in first-half revenue as it waits on the new DBX SUV and said the coronavirus outbreak could impact demand in China, its fastest growing market.
Category: Newswire
Kongsberg Automotive – Annual Report 2019
Thu, Feb 27, 2020 07:30 CET Kongsberg Automotive ASA Annual Report 2019 follows attached. Kongsberg Automotive provides world class products to the global vehicle industry. Our products enhance the driving experience, making it safer, more comfortable and sustainable. With revenues of approx. EUR 1.1 billion and approximately 10.900 employees in 19 countries, Kongsberg Automotive is… Continue reading Kongsberg Automotive – Annual Report 2019
Kongsberg Automotive reports Q4 2019 results
Thu, Feb 27, 2020 07:30 CET Kongsberg Automotive ASA Q4 2019 Report and Presentation follow attached. Q4 2019 Highlights: Revenues declined by MEUR 7.5 (-2.6%) YoY to MEUR 280.8. This includes positive FX effects of MEUR 1.8. On a fixed exchange rate basis, our revenues declined by 3.2% YoY. In Q4 we experienced strongly declining… Continue reading Kongsberg Automotive reports Q4 2019 results
Renault: Renault Retail Group presents its project to change scope between now and 2024
PRESS RELEASE 2/27/2020Renault Retail Group presents its project to change scope between now and 2024Renault Retail Group (RRG) is planning to resize its business activities in France.The project will involve the sale of ten dealerships to reliable and robust purchasers, safeguarding jobs.The project will enable RRG to pursue its recovery and optimize future investments. Paris, February… Continue reading Renault: Renault Retail Group presents its project to change scope between now and 2024
Aston Martin clears out board as losses widen
Aston Martin plunged to a £104m annual loss during an “extremely challenging period”, as the luxury carmarker announced a clear out of its board.The company posted a £104.3m pre-tax loss for its full year, down 53pc on 2018.Mr Stroll will join the board as executive chairman when Ms Hughes departs on April 7, the embattled carmaker confirmed.
Subaru to invest 158 mln USD in Indiana plant
CHICAGO, Feb. 26 (Xinhua) — Japanese automaker Subaru announced Wednesday that it will invest 158 million U.S. dollars into two new plants that will create 350 jobs.
According to Subaru of Indiana Automotive, Subaru's North American production arm, the investment by the company will go toward adding a new service parts facility and transmission assembly shop in Lafayette, U.S. state of Indiana.
The new facilities will be located on Subaru of Indiana Automotive's 820-acre campus. Construction is expected to begin this summer on both the service parts facility, which will be a stand-alone building, and the transmission assembly shop, which will be an addition to the plant.
Subaru of Indiana Automotive is the only manufacturing facility that Subaru has outside of Asia. The company employs more than 6,000 workers and began production for Subaru in 1989. Annual vehicle production at the plant is expected to reach 410,000 in 2020.
Approximately 50 percent of Subaru's sold in ..
Ford’s incoming COO focuses on cost cuts, launches, change
Ford Motor Co’s (F.N) incoming chief operating officer outlined his priorities for the company’s turnaround on Wednesday, including cost cuts and more efficient new-vehicle launches in a year in which it will introduce a redesigned F-150 full-sized pickup truck.Ford also will focus more heavily on advantages in commercial vehicle sales.Ford is restructuring globally and faces slumping demand in China, its second-largest market.
Ford COO Sees 2009 Crisis Flashback on Faces of Colleagues
Ford Motor Co.’s recently appointed chief operating officer sees the struggling automaker operating with the same sense of urgency and crisis that kept the company out of bankruptcy a decade ago.
Hyundai Obtains Victory in Court Against Seller and Importer of Non-Genuine Parts
The multi-million dollar judgment stems from Hyundai’s federal trademark lawsuit against DTI, in which Hyundai claimed that DTI was guilty of importing Hyundai-branded service and collision parts intended for sale and use in foreign countries and palming off those parts as if they were Hyundai Genuine Parts sourced through Hyundai’s U.S. authorized chain of distribution.… Continue reading Hyundai Obtains Victory in Court Against Seller and Importer of Non-Genuine Parts
Toyota invests in Pony.ai to deepen driverless capability
SHANGHAI (Bloomberg) — Toyota Motor Corp. invested $400 million in Pony.ai to strengthen its ties with the Chinese provider of driverless-car systems.The investment extends the companies’ partnership formed last year and pushes Pony.ai’s valuation to more than $3 billion, the start-up said …