Ferrari N.V. (NYSE/MTA: RACE) today announces its consolidated preliminary results(5) for the third quarter and nine months ended September 30, 2019, summarized as follows. Total shipments of 2,474 units, up +9.4%Net revenues of Euro 915 million, up +9.2% or +7.1% at constant currencyAdj. EBITDA of Euro 311 million, up +11.5% with an EBITDA margin of 33.9%Adj.… Continue reading Ferrari: Solid q3 2019 on All Metrics. ROBUST PERFORMANCE LEADS TO UPGRADING 2019 GUIDANCE.
Category: Newswire
Workhorse Hosts Next Generation Vehicle Demonstrations and Test Drive Event at TRC for Current and Prospective Customers
Now officially named the C1000, this EDV was previously known as the Workhorse N-GEN, a placeholder used in reference to the Company’s overall development project. With production imminent, the Company is formally unveiling the new, clean name and look. The “C” references the vehicle’s “composite” body while the numeral indicates the cubic feet of the… Continue reading Workhorse Hosts Next Generation Vehicle Demonstrations and Test Drive Event at TRC for Current and Prospective Customers
Toyota looks to transform from car maker to ‘mobility business’ in bid to stay relevant
Toyota looks to transform from car maker to ‘mobility business’ in bid to stay relevant The Telegraph | Nov 4, 2019 at 6:00 AM As Japan’s largest car-maker, Toyota has a heavy responsibility to stand out at the Tokyo motor show.
Daimler launches new corporate structure
STUTTGART, Germany, Nov. 4, 2019 /PRNewswire/ — Daimler Group comprising parent company and three operating subsidiaries Increased customer focus and agility with Mercedes-Benz AG, Daimler Truck AG and Daimler Mobility AG Daimler AG continues to be the only listed company Ola Källenius, Chairman of the Board of Management of Daimler AG and Mercedes-Benz AG: “Our… Continue reading Daimler launches new corporate structure
Amsted Seals and Forming adds state-of-the-art manufacturing facility in China
“With 128,000 square feet and future capacity of 96 presses, the acquisition of ASN is part of the ongoing commitment of Amsted Seals and Forming to produce and deliver the highest quality seals in the world,” said Michael Carter, President of Amsted Seals and Forming. Amsted Seals and Forming is committed to long-term investment in… Continue reading Amsted Seals and Forming adds state-of-the-art manufacturing facility in China
Mazda informa resultados de las ventas en octubre
IRVINE, California, 1 de noviembre de 2019 /PRNewswire-HISPANIC PR WIRE/ — Mazda North American Operations (MNAO) informó hoy un total de ventas en octubre de 19,520 vehículos, un incremento de 4.5 por ciento en comparación con octubre de 2018. Las ventas en el año corrido hasta octubre tuvieron una disminución de 10.3 por ciento, con 227,687 vehículos… Continue reading Mazda informa resultados de las ventas en octubre
Peugeot Harnessed Family Ties to Woo Fiat After Renault Snub
Late in May, John Elkann was back in Paris. The city had become a frequent destination for the scion of the Italian Fiat clan as he worked to get a combination with Renault SA over the line. But days before announcing the deal, Elkann walked into the apartment in the affluent 16th district of an unusual dinner companion: Robert Peugeot, a descendant of the namesake carmaker and Renault arch rival.
Nidec and GAC Components Complete Establishment of Joint Venture for Automotive Traction Motors
KYOTO, Japan, Nov. 01, 2019 (GLOBE NEWSWIRE) — As announced on August 1, 2019, Nidec Corporation (TSE: 6594; OTC US: NJDCY) (“Nidec”) and GAC Components Co., Ltd. have completed establishment of the joint venture that develops, manufactures and sells automotive traction motors. Profile of the joint venture is as follows.1. Profile of the Joint Venture:*The… Continue reading Nidec and GAC Components Complete Establishment of Joint Venture for Automotive Traction Motors
Mitsubishi Motors Reports October 2019 Sales
MMNA has now surpassed 100,000 sales for three straight years and is on pace for a seventh consecutive year of annual sales growth. 2019 remains Mitsubishi’s best calendar year-to-date sales since 2007. October sales of Mirage, the most fuel-efficient non-hybrid vehicle sold in America2, were up 23.4% year-over-year, and year-to-date sales are up 10.8%, continuing… Continue reading Mitsubishi Motors Reports October 2019 Sales
Genesis Announces Record October Sales
“The positive sales momentum of the G70, G80 and G90 is a reflection of our efforts to bring attention to the Genesis brand,” said Mark Del Rosso, Chief Executive Officer, Genesis Motor North America. “In the coming months, we will sharpen our focus even further, as we plan to add new models to the Genesis… Continue reading Genesis Announces Record October Sales