Continuing to grow sales faster than vehicle production through 2020 Accelerating free cash flow1 in 2018-2020 period AURORA, ON, Jan. 16, 2018 /PRNewswire/ – Magna International Inc. (TSX: MG; NYSE: MGA) today announced its financial outlook for 2018 and 2020. Don Walker, Magna’s Chief Executive Officer (CNW Group/Magna International Inc.) Vince Galifi, Magna’s Chief Financial… Continue reading Magna Announces Outlook
Tag: Manufacturing
Visteon Announces New $500 Million Share Repurchase Authorization
VAN BUREN TOWNSHIP, Mich., Jan. 16, 2018 /PRNewswire/ — Visteon Corporation (Nasdaq: VC) today announced that its board of directors has authorized an additional share repurchase program of up to $500 million of common stock to be executed through 2020, reflecting the company’s strong balance sheet and free cash flow generation. Visteon expects to fund… Continue reading Visteon Announces New $500 Million Share Repurchase Authorization
Jobs, salaries: PSA provides a strict plan for 2018
Do not reproduce the same mistakes. While PSA accounts are shiny again , the car manufacturer does not want to break with the “Malthusianism” practiced for three years. PSA has passed a little more 3.6 million cars in 2017. But “he had an unsuitable structure, thought to sell four million vehicles a year. Our ambition… Continue reading Jobs, salaries: PSA provides a strict plan for 2018
BlackBerry launches cybersecurity product for driverless cars called Jarvis
BlackBerry has launched a cybersecurity software aimed at protecting driverless cars. The product which was released on Monday and is called Jarvis identifies vulnerabilities in software used in cars. Jarvis scans and delivers insights in minutes, a process that would normally take a large number of experts and a lot of time, BlackBerry said. “Connected… Continue reading BlackBerry launches cybersecurity product for driverless cars called Jarvis
BMW Group acquires Parkmobile, LLC to become world’s leading provider of digital parking solutions
Munich. The BMW Group has acquired Parkmobile, LLC, the largest provider of mobile parking services in North America, in January 2018, making the BMW Group the leading international provider of digital parking solutions. With its corporate strategy NUMBER ONE > NEXT, the BMW Group is firmly focused on the mobility of the future and investing… Continue reading BMW Group acquires Parkmobile, LLC to become world’s leading provider of digital parking solutions
SEAT to showcase the present and future of the automobile at the Mobile World Congress 2018
SEAT is attending the Mobile World Congress 2018 with a spectacular portfolio full of developments in connectivity. Participating this year for the fourth time in a row, the brand is going to showcase its latest solutions and advances in Easy Mobility, which is its strategy for developing future mobility. The fully customisable SEAT Simulator, the… Continue reading SEAT to showcase the present and future of the automobile at the Mobile World Congress 2018
Geely to Use Volvo’s Europe Plants to Manufacture New Car Brand
Zhejiang Geely Holding Group Co. Ltd. and its Volvo Cars unit will make Lynk & Co vehicles at Volvo plants in Europe, according to one company executive. Details of the plan will be unveiled this year, according to Geely CEO An Conghui, who also said the automaker is considering setting up its own factory on… Continue reading Geely to Use Volvo’s Europe Plants to Manufacture New Car Brand
Strong acceleration in 2017: Groupe PSA worldwide sales up 15.4%
• Groupe PSA sold 3,632,3001 vehicles worldwide• 4th consecutive year of improvement in Groupe PSA sales• Successful SUV product offensive supporting the Group’s profitable growth• Strengthening European leadership in Light Commercial Vehicles (LCV) for PEUGEOT and CITROËN, with a 20.2% market share The Push to Pass plan’s SUV offensive accelerates and the five SUV models… Continue reading Strong acceleration in 2017: Groupe PSA worldwide sales up 15.4%
Electromobility driver at car manufacturers: These men trim German carmakers on electric
All articles and backgrounds 01/16/2018 Electromobility driver at car manufacturers These men trim German carmakers on electric AUDI Audi e-tron quattro: The electric SUV comes in 2018 to the dealers Germany’s automakers are facing a feat of strength this year: they need to invest a lot of money to make their electric car announcements come… Continue reading Electromobility driver at car manufacturers: These men trim German carmakers on electric
All-New Honda Insight Prototype Redefines Segment
All-new 2019 Honda Insight will offer universally appealing styling in a roomy five passenger sedan with fuel efficiency competitive with the best in the segment Powered by Honda’s innovative, industry-leading two-motor hybrid powertrain Insight nameplate returns as the next phase in the Honda Electrification Initiative DETROIT, Jan. 11, 2018 – The all-new Honda Insight Prototype… Continue reading All-New Honda Insight Prototype Redefines Segment