Tag: Financial Results

Car group: Daimler is tightening its austerity measures: up to 15,000 employees are expected to leave

Stuttgart, Frankfurt Daimler-Boss Ola Källenius is on Tuesday before his most important appearance so far: When presenting the annual balance sheet, he has to explain to investors how he wants to make the car manufacturer future-proof. After three profit warnings in a short time, many investors are upset, trust in the successor of Dieter Zetsche… Continue reading Car group: Daimler is tightening its austerity measures: up to 15,000 employees are expected to leave

@Nissan: Nissan moves from monthly to quarterly U.S. sales reports

February 3, 2020 NASHVILLE, Tenn. – Nissan has announced it is moving from monthly to quarterly sales reporting in the U.S. market. The first quarterly sales report will be issued in early April. About Nissan North AmericaIn North America, Nissan’s operations include automotive styling, engineering, consumer and corporate financing, sales and marketing, distribution and manufacturing.… Continue reading @Nissan: Nissan moves from monthly to quarterly U.S. sales reports

Nidec Announces Outlines of Planned Stock Split, Amendment to Articles of Incorporation, and Modification to Share Repurchase Program

KYOTO, Japan, Feb. 08, 2020 (GLOBE NEWSWIRE) — Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company”) today announced that the Board of Directors of the Company, at a meeting held on February 8, 2020, made the following decisions regarding a stock split and an amendment to the Company’s Articles of Incorporation, as well as… Continue reading Nidec Announces Outlines of Planned Stock Split, Amendment to Articles of Incorporation, and Modification to Share Repurchase Program

Autocar UK Exclusive: Andy Palmer on Lawrence Stroll’s stake buy and future – Autocar Professional

Aston Martin chief executive Andy Palmer talks exclusively to Autocar UK following the announcement that billionaire Lawrence Stroll is investing in the firm.“I’m getting too old for all-nighters, but let’s just say it was a late night! It has been time-consuming, but as I sit here now the company is better funded than it has… Continue reading Autocar UK Exclusive: Andy Palmer on Lawrence Stroll’s stake buy and future – Autocar Professional

@Ford: Ford Announces Senior Leadership Changes as Company Continues Transformation

Jim Farley becomes chief operating officer, reporting to President and CEO Jim Hackett. Farley will be responsible for all global markets and automotive operations, Ford Smart Mobility and autonomous vehicles     Hau Thai-Tang takes on an expanded role in delivering great products, services and experiences for Ford customers. He will continue to lead Product Development… Continue reading @Ford: Ford Announces Senior Leadership Changes as Company Continues Transformation

Honda and Toyota to keep Chinese plants closed over virus fears

TOKYO — Honda Motor and Toyota Motor will keep shuttered auto plants in China closed in response to the coronavirus epidemic, Nikkei has learned. Honda on Friday announced that it will aim to restart production in the Wuhan area of Hubei Province on Feb. 17. On Jan. 29, it decided to suspend operations until Feb. 9 in response to a… Continue reading Honda and Toyota to keep Chinese plants closed over virus fears

Ford shakes up top management, promises faster turnaround

DETROIT (Reuters) – Ford Motor Co (F.N) on Friday shook up its top management, naming strategy chief Jim Farley as chief operating officer and promising skeptical investors the company will kick a slow-moving turnaround into a higher gear. FILE PHOTO: Jim Farley, President, Global Markets, Ford Motor Company, speaks during the Lincoln presentation at the… Continue reading Ford shakes up top management, promises faster turnaround

Edited Transcript of ETN earnings conference call or presentation 4-Feb-20 4:00pm GMT

Q4 2019 Eaton Corporation PLC Earnings Call DUBLIN Feb 7, 2020 (Thomson StreetEvents) — Edited Transcript of Eaton Corporation PLC earnings conference call or presentation Tuesday, February 4, 2020 at 4:00:00pm GMT TEXT version of Transcript ================================================================================ Corporate Participants ================================================================================ * Craig Arnold Eaton Corporation plc – Chairman & CEO * Richard H. Fearon Eaton… Continue reading Edited Transcript of ETN earnings conference call or presentation 4-Feb-20 4:00pm GMT

Uber’s new roadmap to profitability draws Wall Street praise

(Reuters) – Shares of Uber Technologies Inc (UBER.N) rose on Friday after the ride-hailing company laid out an ambitious plan to be profitable by the end of 2020, a year ahead of its previous target as it tries to squash Wall Street doubts over its long-term viability. FILE PHOTO: File photo: The company logo for… Continue reading Uber’s new roadmap to profitability draws Wall Street praise