TomTom withdraws 2020 outlook Amsterdam, 31 March 2020, 7:30 CEST – TomTom (TOM2) today announced that it withdraws its 2020 outlook, as the economic impact resulting from the COVID-19 pandemic on its financial results can currently not be reliably assessed. In our original outlook we expected our group revenue to show a decline of around… Continue reading TomTom withdraws 2020 outlook
Tag: Strategy
Valmet Automotive Annual Review 2019: Successful entry into battery business, significant improvement in EBITDA and cash flow despite challenging envi…
Valmet Automotive’s EBITDA and cash flow improved significantly from the previous year, operating profitability slightly and the annual car production of 114,000 vehicles reached again a record volume. Sales of EUR 651.5 million, EBITDA significantly improved Valmet Automotive’s net sales in 2019 were EUR 651.5 million (662.6 in 2018), which was 2 % lower than in… Continue reading Valmet Automotive Annual Review 2019: Successful entry into battery business, significant improvement in EBITDA and cash flow despite challenging envi…
@BMW: BMW Group uses Blockchain to drive supply chain transparency
Munich. The BMW Group is using innovative digital technologies to optimise its processes. A good example of this is Blockchain, a technology that enables tamper-proof data sharing, with potential applications throughout the entire automotive value chain. The BMW Group is using this technology in purchasing to ensure the traceability of components and raw materials in… Continue reading @BMW: BMW Group uses Blockchain to drive supply chain transparency
@Mitsubishi: Mitsubishi Motors Announces Production, Sales and Export Figures for February 2020
TOKYO, Mar 30, 2020 – (JCN Newswire) – February 2020 Summary * Beginning fiscal 2012, locally branded models produced in China, which to date had been included in the output figure for China, are now excluded * Includes imports to Japan Domestic Production– Sixth consecutive monthly year-on-year decrease since August, 2019; 93.3% year-on-year Overseas Production–… Continue reading @Mitsubishi: Mitsubishi Motors Announces Production, Sales and Export Figures for February 2020
@VW Group: Increasing demand for electric mobility in Germany: Significant growth for e-up! and Passat GTE
Volkswagen is focussing on stepping up electric mobility and is significantly expanding its range of fully electric models and hybrids. Even before the launch of the new ID.3 this summer, the demand for electric mobility has considerably increased in Germany: already every second order for the up! model series is for the fully electric version,… Continue reading @VW Group: Increasing demand for electric mobility in Germany: Significant growth for e-up! and Passat GTE
@VW Group: SEAT posts positive financial results and faces a challenging year
Double-digit sales growth drives key financial indicators to record figures Profit after tax goes up by 17.5% and reaches 346 million euros SEAT devoted 1.259 billion euros to investments and R&D expenses (+3%) Carsten Isensee: “The 2019 results provide a solid foundation on which to build the future” Wayne Griffiths: “CUPRA will be key to… Continue reading @VW Group: SEAT posts positive financial results and faces a challenging year
Geely reports profit of 8.26 billion RMB in 2019, down 34%
Geely Automobile released its financial results for 2019, reporting a revenue of 97.4 billion RMB (Rs 102,952 crore), down 8.63 percent, net profit of 8.26 billion RMB (Rs 8,730 crore), down 34 percent. Despite challenging condition globally, Geely Auto says it continued to remain the sales champion among Chinese brands for the third consecutive year… Continue reading Geely reports profit of 8.26 billion RMB in 2019, down 34%
@BMW: The powertrain for the BMW i Hydrogen NEXT: BMW Group reaffirms its ongoing commitment to hydrogen fuel cell technology.
Munich. Developing alternative powertrain technologies is a top priority for the BMW Group. The premium carmaker offers first virtual insights into the powertrain system for the BMW i Hydrogen NEXT and reaffirms its commitment to following a carefully considered and systematic route to emission-free mobility. This approach also includes the careful consideration of differing market… Continue reading @BMW: The powertrain for the BMW i Hydrogen NEXT: BMW Group reaffirms its ongoing commitment to hydrogen fuel cell technology.
Carmaker Renault: all plants closed apart from in China and South Korea
FILE PHOTO: Employees work at Renault’s assembly plant in Wuhan, Hubei province, China, February 1, 2016. Renault plans to put China at the centre of its strategic plan for 2017-2022, Chief Executive Carlos Ghosn said on Monday at the inauguration of the firm’s first assembly plant in Wuhan, central China. REUTERS/Darley Shen PARIS (Reuters) –… Continue reading Carmaker Renault: all plants closed apart from in China and South Korea
Nexteer Reports 2019 Financial Results
AUBURN HILLS, Mich., March 29, 2020 /PRNewswire/ — Nexteer Automotive today reported annual results for its fiscal year ended December 31, 2019. The Company’s 2019 financial results were impacted by various environmental challenges including lower OEM light vehicle production across all regions, led by a decline in China, a GM-UAW labor strike in North America interrupting vehicle… Continue reading Nexteer Reports 2019 Financial Results