October 15, 2020 – Daimler has seen a faster than expected market recovery and a particularly strong September performance. This, combined with diligent cost discipline, extensive cash preservation measures and further efficiency enhancements means that Industrial Free Cash Flow, Daimler Group EBIT adjusted, Mercedes-Benz Cars & Vans EBIT adjusted, Daimler Trucks & Buses EBIT adjusted… Continue reading @Daimler: 16. Oct 2020Preliminary results for the third quarter 2020 above market expectations and positive impact for the remainder of the year […]
Tag: Strategy
Tesla’s decision to scrap its PR department could create a PR nightmare
The move effectively makes founder Elon Musk the company’s lone voice Ayelet Noff 12 hours Ayelet Noff Contributor Ayelet Noff is the founder and CEO of SlicedBrand, a top global PR agency headquartered in Berlin. A solid public relations team solves many issues within a company. It helps spread important news announcements and topics integral… Continue reading Tesla’s decision to scrap its PR department could create a PR nightmare
German Handelsblatt: Car manufacturer: Daimler feels the market recovery – operating profit higher than expected000552
Daimler logo The Daimler share rose four percent after the trading day. (Photo: obs) Berlin, Stuttgart According to its own information, the car manufacturer Daimler has experienced a faster market recovery than expected and recorded strong business development, especially in September. The strict cost discipline and the other measures to increase efficiency also had an… Continue reading German Handelsblatt: Car manufacturer: Daimler feels the market recovery – operating profit higher than expected000552
Magna to Cooperate With Fisker on Engineering and Manufacturing of the Fisker Ocean
Magna to contract manufacture Fisker Ocean in EuropeFisker to leverage Magna’s EV architectureMagna portfolio scalable to meet future mobility needsAURORA, Ontario, Oct. 15, 2020 (GLOBE NEWSWIRE) — As part of Magna’s strategic direction to support traditional automakers as well as new entrants, the company announced today that it has signed agreements with Fisker Inc. that… Continue reading Magna to Cooperate With Fisker on Engineering and Manufacturing of the Fisker Ocean
@Ford: Jon M. Huntsman Jr. and His Global Policy, Trade Expertise Returning to Ford Motor Company’s Board of Directors
DEARBORN, Mich., Oct. 15, 2020 – Jon M. Huntsman Jr. is returning to Ford’s board of directors, three years after stepping aside to become U.S. ambassador to Russia. With Huntsman’s re-election as a director, the board has 14 members. “I’m thrilled that we will again benefit from Jon’s extraordinary experience, insights and relationships,” said Executive… Continue reading @Ford: Jon M. Huntsman Jr. and His Global Policy, Trade Expertise Returning to Ford Motor Company’s Board of Directors
Exclusive: PSA to ditch its two small gasoline city cars, sources say
By Gilles Guillaume 4 Min Read PARIS (Reuters) – PSA PEUP.PA is ending the production of Peugeot and Citroën small city cars, three sources told Reuters, withdrawing from an increasingly unprofitable market as its starts a strategic review ahead of its planned merger with Fiat Chrysler FCHA.MI. A Peugeot logo is seen on a car… Continue reading Exclusive: PSA to ditch its two small gasoline city cars, sources say
@Geely: LEVC trials VN5 electric van with BT Group
15th October 2020, Ansty LEVC (London Electric Vehicle Company) today announces BT Group as the latest company to test its new electric van as part of real-world trials. Joining other UK businesses such as Royal Mail, DPD and Octopus Energy, BT has taken delivery of two converted TX electric taxis. Due to the similarities between TX taxi… Continue reading @Geely: LEVC trials VN5 electric van with BT Group
German Manager Magazin: Audi emissions scandal: celebrity penalty for ex-Audi boss Rupert Stadler – a comment000228
Today is the fifth day of negotiations in Audi-Process. And the third day in a row that the defendant Giovanni P. speaks in his defense. The Italian once headed the “Thermodynamics, OBD, Exhaust Aftertreatment” department at Audi. Now he explains in extenso how to do it Manipulation of exhaust gas values at Audi Motoren. He… Continue reading German Manager Magazin: Audi emissions scandal: celebrity penalty for ex-Audi boss Rupert Stadler – a comment000228
Linamar Corporation Provides Q3 Update on External Market Conditions
TipRanks Raymond James Says These 3 Stocks Could Surge Over 100% From Current Levels Election day is just around the corner, and Wall Street is placing its bet on a Democratic sweep. Following the Presidential debate on September 29, the chance of a Biden victory has been increasing in the market.Since September 30, the S&P… Continue reading Linamar Corporation Provides Q3 Update on External Market Conditions
Lear Climate Change Strategy Aims for Net Zero Emissions by 2050
Company targets 2030 to convert to 100% renewable energy and cut carbon emissions by 50% SOUTHFIELD, Mich., Oct. 14, 2020 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today expanded its sustainability efforts by announcing several new environmental goals, including achieving net zero emissions by 2050. Lear further… Continue reading Lear Climate Change Strategy Aims for Net Zero Emissions by 2050