Gestamp, the multinational company specialized in the design, development and manufacture of highly engineered metal components for the automotive industry, has recorded solid Q3 results with an increase in EBITDA and strong free cash flow generation despite continued challenging market conditions. Performance during Q32020 has been solid across regions with a 7.1 p.p. revenue outperformance… Continue reading Gestamp’s Q3 results improved versus 201929.10.2020Gestamp has recorded solid Q3 results with an increase in EBITDA and strong free cash flow generati…
Tag: Strategy
@GM: Chevrolet Previews Electric Connect and Cruise at SEMA360
Chevrolet Previews Electric Connect and Cruise at SEMA360 1977 K5 Blazer-E features Chevrolet Performance eCrate package, expected to be available second half of 2021 2020-10-29 DETROIT — At SEMA360, Chevrolet will showcase a 1977 K5 Blazer converted to all-electric propulsion. The K5 Blazer-E is a functional proof of concept of the upcoming Electric Connect and… Continue reading @GM: Chevrolet Previews Electric Connect and Cruise at SEMA360
Visteon Announces Third-Quarter 2020 Results
Net sales of $747 million; 3% increase Y/Y excluding currencyNet income of $6 million or $0.21 per diluted shareAdjusted net income of $38 million or $1.36 per diluted share, excluding restructuring chargesAdjusted EBITDA of $87 million, 11.6% of sales$1.5 billion in new business wins and record 23 new product launches in Q3Repaid $400 million on… Continue reading Visteon Announces Third-Quarter 2020 Results
Valmet Automotive launches urgent recruitment of 400 car builders
Valmet Automotive launches today a recruitment of 400 car builders for the Uusikaupunki car plant. The car sales are growing rapidly, and Valmet Automotive will be recruiting on a very urgent schedule. With rising production volumes, the new car builders will be needed at work already by the end of January. Online application is available on… Continue reading Valmet Automotive launches urgent recruitment of 400 car builders
@Mitsubishi: MITSUBISHI MOTORS Starts Production of XPANDER in Malaysia
TOKYO, Oct 29, 2020 – (JCN Newswire) – MITSUBISHI MOTORS CORPORATION (MMC) has started production of its crossover MPV XPANDER in Malaysia. This is the third country where MMC produces the vehicle following Indonesia and Vietnam. The XPANDER is produced at Hicom Automotive Manufacturers (Malaysia) Sdn. Bhd., a vehicle assembly contractor in Malaysia, and will… Continue reading @Mitsubishi: MITSUBISHI MOTORS Starts Production of XPANDER in Malaysia
@VW Group: Volkswagen Group returns to profitability
The Volkswagen Group’s business was heavily impacted by the Covid-19 pandemic in first nine months of 2020, but recovered noticeably in the third quarter. This means that the declines in deliveries, sales revenue and profit as of the end of September were significantly more moderate than at the half-year mark. The countermeasures initiated worldwide to… Continue reading @VW Group: Volkswagen Group returns to profitability
Fiat Chrysler CEO says Ram will offer electric pickup
Get ready for an electric Ram pickup. Fiat Chrysler Automobiles CEO Mike Manley confirmed on Wednesday that Ram will join the rush to produce an electric truck, an area that promises robust competition with Ford, General Motors, Tesla, Rivian and Lordstown Motors already planning to launch their own models. Manley didn’t provide any details, but… Continue reading Fiat Chrysler CEO says Ram will offer electric pickup
Citroen UK three-year plan to boost market share, reduce haggling
Citroën UK has confirmed a “far-reaching and impactful” three-year strategy aimed to “unlock the full potential” of the French brand. The plan, which focuses on multiple areas of the business, is hoped to raise sales volumes which have taken a dramatic 48% year-on-year hit so far in 2020, with just over 22,000 vehicles registered. It compliments Citroën’s… Continue reading Citroen UK three-year plan to boost market share, reduce haggling
Mini details pivotal new electric models and large SUV
Mini has offered the first official hints about how it plans to expand its electrified line-up, following the recent launch of the all-electric Mini hatchback. Outlining its product strategy for the near future, the brand said it will “enable customers all over the world to have emission-free driving with a completely electrified model family” while still offering… Continue reading Mini details pivotal new electric models and large SUV
Kia Motors works on next-gen military vehicles, explores EV platform, autonomous tech too
South Korean vehicle manufacturer Kia Motors has revealed its plans for the development of a new standard platform for next-generation military vehicles, which will strengthen its capabilities in future military projects. The OEM plans to start manufacturing prototypes of mid-sized standard vehicles within this year and take the test evaluations to the Korean government in… Continue reading Kia Motors works on next-gen military vehicles, explores EV platform, autonomous tech too