The steering wheel can not be changed that fast: Even under the new owner PSA, the car manufacturer Opel is making heavy losses. Employees are wondering how hard the austerity program will be. Opel plant in Eisenach Monday, 26/02/2018 08:52 clock How much will remain of Opel after the takeover by the French PSA Group… Continue reading Opel needs more time again
Tag: Financial Results
Argus Cyber Security Collaborates with Ericsson to Spearhead Seamless End-to-End Cyber Security Across Connected Services and Vehicles
BARCELONA, Spain, Feb. 26, 2018 /PRNewswire/ — Argus Cyber Security, a global leader in automotive cyber security, announced today a collaboration with Ericsson (NASDAQ: ERIC) to provide seamless cyber security for the connected automotive ecosystem – across vehicle cloud services, fleets and vehicles. Argus As the number and diversity of connected services that interact with vehicles continue to… Continue reading Argus Cyber Security Collaborates with Ericsson to Spearhead Seamless End-to-End Cyber Security Across Connected Services and Vehicles
Volkswagen starts robustly into the current year
It was his first big appearance as Volkswagen boss, and Herbert Diess could present equally good numbers: VW makes a billion plus despite diesel crisis. Although the profit declined, sales increased sharply. New Volkswagen boss Herbert Diess Thursday, 26.04.2018 11:25 clock Volkswagen Revenues fell slightly at the beginning of the year. Operating income shrank by… Continue reading Volkswagen starts robustly into the current year
Ferrari releases its 2017 Annual Report and files annual report on Form 20-F
Maranello (Italy), February 23, 2018 – Ferrari N.V. (NYSE/MTA: RACE) announced today that it has published its 2017 Annual Report and filed its annual report on Form 20-F, including financial statements for the fiscal year ended December 31, 2017, with the United States Securities and Exchange Commission. Ferrari’s 2017 Annual Report and annual report on… Continue reading Ferrari releases its 2017 Annual Report and files annual report on Form 20-F
Daimler Dodges the Robo-Taxi Storm
Over the past three years, Daimler AG has surpassed BMW AG and Volkswagen AG’s Audi to seize the crown of world’s largest luxury carmaker. Daimler der König CEO Dieter Zetsche has helped make Daimler the world’s biggest luxury carmaker Source: Company filings But CEO Dieter Zetsche has one distinct disadvantage to his German peers: the… Continue reading Daimler Dodges the Robo-Taxi Storm
Volkswagen achieves billions in profits – despite the diesel crisis
In the crisis around manipulated diesel vehicles Volkswagen is in the criticism. Nevertheless, the Group was able to significantly increase its net profit last year. Friday, 23.02.2018 16:48 clock Despite the debates on driving bans and billions from the diesel affair Has Volkswagen posted high profits in the past year. With a bottom line of… Continue reading Volkswagen achieves billions in profits – despite the diesel crisis
Systematic implementation of the strategy is paying off – record earnings for the Volkswagen Group in 2017
News Press Release News Group Wolfsburg, 23 February 2018 Systematic implementation of the strategy is paying off – record earnings for the Volkswagen Group in 2017 The Volkswagen Group brought fiscal year 2017 to a successful conclusion, generating significantly higher sales revenue than in the year before. The Group also improved nearly all of its… Continue reading Systematic implementation of the strategy is paying off – record earnings for the Volkswagen Group in 2017
BMW Group plans joint venture for MINI electric vehicles in China
Munich. The BMW Group is in advanced discussions to ramp up the global success of its MINI brand through a new joint venture in China. A key element of the brand’s continued strategic development will be local production of future battery-electric MINI vehicles in the world’s largest market for electromobility. To this end, the BMW… Continue reading BMW Group plans joint venture for MINI electric vehicles in China
Is Uber selling its Southeast Asia business to Grab?
If you read the tech press, you might have seen reports that Uber is pursuing a sale in Southeast Asia that would see Grab, its Singapore-headquartered rival valued at $6 billion, acquire Uber’s business in the region. Rumors of such a tie-in have been rife for a while. Uber sold its China business in exactly such… Continue reading Is Uber selling its Southeast Asia business to Grab?
Press Release – Magna Announces Fourth Quarter and 2017 Results and Raises Quarterly Cash Dividend by 20%
Please click HERE for a PDF version of the release. Fourth Quarter 2017 Highlights Record sales of $10.4 billion, up 12% from the fourth quarter of 2016 Record diluted earnings per share of $1.53, an increase of 23% Cash from operations of $1.4 billion Returned $461 million to shareholders through share repurchases and dividends Raises… Continue reading Press Release – Magna Announces Fourth Quarter and 2017 Results and Raises Quarterly Cash Dividend by 20%