Net sales of $371 million; 48% reduction Y/Y excluding currencyIndustry production down 45% Y/Y; Visteon customers down 53% Y/YVisteon sales outperformed customer production by five percentage points$1.7 billion in new business and 21 new product launches YTDCash of $759 million; no significant near-term debt maturitiesVAN BUREN TOWNSHIP, Mich., July 30, 2020 (GLOBE NEWSWIRE) — Visteon… Continue reading Visteon Announces Second-Quarter 2020 Results
Tag: Renault
GROUPE RENAULT: Communication about availability – Documents relating to H1 2020 financial results communication
Communication about availability – H1 2020 financial resultsBoulogne, July 30, 2020Renault announces today its H1 2020 financial results. The following documents are available on Renault website https://group.renault.com/en/finance-2/financial-information/documents-and-publications/ :Press releaseEarnings reportH1 2020 financial results presentationLuca de Meo’s speech scriptAttachmentRenault _ Availability Publication H1 2020 Go to Source
UK car production slumps to lowest level since 1954
The number of cars built in the UK over the past six months has slumped to the lowest since 1954, according to the industry’s trade body. A total of 381,357 cars were made the six months to June, down 42% on the period last year, said the Society of Motor Manufacturers and Traders (SMMT). The… Continue reading UK car production slumps to lowest level since 1954
New Renault chief pledges turnround as carmaker suffers record loss
De Meo to outline plan in January to revive French group hit by pandemic and hobbled by Nissan alliance Go to Source
Volkswagen has not yet lost the year
Volkswagen is because of Corona crisis get deep in the red. In the second quarter, the world’s largest automaker posted an operating loss of EUR 1.7 billion before special items, as the Wolfsburg-based company announced on Thursday. A year ago there was still a profit of 5.1 billion. In the period from April to June,… Continue reading Volkswagen has not yet lost the year
@Mitsubishi: MITSUBISHI MOTORS Announces Production, Sales and Export Figures for June 2020 and First Half of Calendar Year 2020
TOKYO, July 30, 2020 – (JCN Newswire) – June 2020 Summary Domestic Production– Second consecutive monthly year-on-year decrease since April 2020; 45.4% year-on-year Overseas Production– Eighth consecutive monthly year-on-year decrease since October 2019; 45.4% year-on-year Total Production– Ninth consecutive monthly year-on-year decrease since September 2019; 45.4% year-on-year Domestic Sales– Eighth consecutive monthly year-on-year decrease since… Continue reading @Mitsubishi: MITSUBISHI MOTORS Announces Production, Sales and Export Figures for June 2020 and First Half of Calendar Year 2020
Renault handed ‘wake-up call’ with record 7 billion euro loss
PARIS (Reuters) – French carmaker Renault (RENA.PA) said it had been given a wake-up call on Thursday with a record net loss of 7.29 billion euros ($8.6 billion) in the first half of the year, inflicted by the COVID-19 crisis and troubles at its alliance partner Nissan (7201.T). FILE PHOTO: A Renault car is seen… Continue reading Renault handed ‘wake-up call’ with record 7 billion euro loss
Press Releases – COVID: Stakes are high for European automotive recovery, new facts and figures show
Brussels, 30 July 2020 – The European Automobile Manufacturers’ Association (ACEA) has published its annual Pocket Guide that provides an overview of the EU auto industry, including the latest sector-specific data on employment, vehicle production and sales, road safety, R&D, the environment and trade flows. New data in this flagship publication confirm that the automobile… Continue reading Press Releases – COVID: Stakes are high for European automotive recovery, new facts and figures show
Renault slumps to record 7.3 billion euro net loss in first half
FILE PHOTO: A Renault car is seen in a show room at a Renault carmaker dealer, amid the coronavirus disease (COVID-19) outbreak in Sint-Pieters-Leeuw, Belgium May 29, 2020. REUTERS/Yves Herman PARIS (Reuters) – French carmaker Renault (RENA.PA) posted a record net loss of 7.292 billion euros in the first half of this year, dragged down… Continue reading Renault slumps to record 7.3 billion euro net loss in first half
Nissan expects second straight year of red ink amid outbreak
Yuri Kageyama, AP Business Writer Published 9:18 p.m. ET July 28, 2020 Tokyo – Nissan reported a 285.6 billion yen ($2.7 billion) loss for April-June, as the Japanese automaker’s sales crashed amid the coronavirus pandemic and it struggled to recover from the loss of its former star executive Carlos Ghosn. Nissan Motor Co. racked up… Continue reading Nissan expects second straight year of red ink amid outbreak