After a strong start to the year, the Audi Group continued its successful trajectory in the first half of 2023. Between January and June, the brand group progressive delivered a total of 919,548 Audi, Bentley, and Lamborghini vehicles. This corresponds to an increase of more than 15.3 percent compared with the previous-year period. The Group… Continue reading Audi Group revenue increases to Euro 34.2 billion in the first half of 2023
Category: US Motoring Press
Skoda global sales up 20% to 432,000 units in first-half 2023
Skoda Auto further continued to strengthen its positive course during the first half of 2023, despite ongoing market challenges. The Skoda Auto Group’s operating profit climbed to 911 million euros, marking a year-on-year increase of 34.8%. The Czech carmaker delivered 432,200 vehicles worldwide between January and June, which is 19.9% more than in January-June 2022.… Continue reading Skoda global sales up 20% to 432,000 units in first-half 2023
Piaggio Group reports net profit of Euro 68 million for first half of 2023
Piaggio Group has reported a net profit of 68 million euro for the first half of 2023, which is the Italian motor vehicle manufacturer’s best first-half performance, up 43.4% from 45.2 million euros, on 30 June, 2022. The company reported consolidated net sales, up 11.3% to 1,172 million euro, the best result ever reported for… Continue reading Piaggio Group reports net profit of Euro 68 million for first half of 2023
Piaggio Group reports net profit of Euro 68 million for first half of 2023
Piaggio Group has reported a net profit of 68 million euro for the first half of 2023, which is the Italian motor vehicle manufacturer’s best first-half performance, up 43.4% from 45.2 million euros, on 30 June, 2022. The company reported consolidated net sales, up 11.3% to 1,172 million euro, the best result ever reported for… Continue reading Piaggio Group reports net profit of Euro 68 million for first half of 2023
Sundram Fasteners Q1 profit down 7% at Rs 129cr
Auto components maker Sundram Fasteners reported a 7% decline in its consolidated profit for the April-June quarter (Q1 FY24) at Rs 128.74 crore. The Chennai-based firm registered a consolidated profit at Rs 138.03 crore during the corresponding quarter of last year. Meanwhile, the company’s revenue from operations also dipped 2% in Q1 FY24 at Rs… Continue reading Sundram Fasteners Q1 profit down 7% at Rs 129cr
Sundram Fasteners Q1 profit down 7% at Rs 129cr
Auto components maker Sundram Fasteners reported a 7% decline in its consolidated profit for the April-June quarter (Q1 FY24) at Rs 128.74 crore. The Chennai-based firm registered a consolidated profit at Rs 138.03 crore during the corresponding quarter of last year. Meanwhile, the company’s revenue from operations also dipped 2% in Q1 FY24 at Rs… Continue reading Sundram Fasteners Q1 profit down 7% at Rs 129cr
Hyundai and Kia introduce blockchain-based CO2 emission monitoring system for suppliers
Hyundai Motor Company and Kia Corporation have introduced an AI-enabled, blockchain-based Supplier CO2 Emission Monitoring System (SCEMS) to manage the carbon emissions of its cooperative business partners or suppliers. SCEMS is designed to compute carbon emissions at every stage of a cooperative partner’s supply chain while assuring data transparency and integrity. Hyundai Motor and Kia state… Continue reading Hyundai and Kia introduce blockchain-based CO2 emission monitoring system for suppliers
Hyundai and Kia introduce blockchain-based CO2 emission monitoring system for suppliers
Hyundai Motor Company and Kia Corporation have introduced an AI-enabled, blockchain-based Supplier CO2 Emission Monitoring System (SCEMS) to manage the carbon emissions of its cooperative business partners or suppliers. SCEMS is designed to compute carbon emissions at every stage of a cooperative partner’s supply chain while assuring data transparency and integrity. Hyundai Motor and Kia state… Continue reading Hyundai and Kia introduce blockchain-based CO2 emission monitoring system for suppliers
Donkervoort F22
The cabin is spacious, too. In penning the F22 from scratch (not one bolt is carried over from the D8 GTO, they say), Donkervoort built in an extra 80mm of cabin width and 100mm of length over the D8 GTO. It means passengers no longer have to suffer a narrower berth. Denis says the F22… Continue reading Donkervoort F22
Industry calls for urgent support as electric car uptake slows
Concerns are rising that public appetite for switching to electric vehicles is waning as the cost of living crisis combines with increasingly vehement anti-electric car rhetoric to severely dent consumer confidence. While electric car registrations grew 32.7% in the first six months of this year, equating to an additional 37,719 cars over the same period… Continue reading Industry calls for urgent support as electric car uptake slows