Aston Martin posted a profit of £87 million in 2017 – £250 million more than the £163 million loss the brand achieved in 2016. This was driven by a 58% upswing in global sales compared with 2016, with 5117 cars finding homes across the year. £876 million in revenue was raised – 48% up on 2016.… Continue reading Aston Martin boss: record profits show financial turnaround is complete
Tag: Financial Results
Aston Martin gears up for IPO with first pre-tax profit since 2010
LONDON (Reuters) – Aston Martin delivered its first annual pre-tax profit since 2010 on Monday after last year’s sales reached a nine-year high, while the luxury British carmaker also confirmed it is considering a stock market flotation. Pre-tax profit reached 87 million pounds ($122 million) last year at fictional spy James Bond’s car brand of… Continue reading Aston Martin gears up for IPO with first pre-tax profit since 2010
Parking giant says Uber, Lyft have cut parking business up to 50% in some venues
SAN DIEGO: The US parking giant Ace Parking says that Uber and Lyft are eating into the parking business – with as much as 50% less traffic at nightclubs and a 25% drop at restaurant valets. A death knell for paid parking? No, Ace and others say they are going high-tech to survive. In downtown… Continue reading Parking giant says Uber, Lyft have cut parking business up to 50% in some venues
Opel needs more time again
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
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