YOKOHAMA, Japan (May 14, 2018) – Nissan Motor Co., Ltd. today announced financial results for the 12-month period to March 31, 2018. For the first nine months of the fiscal year, the company faced significant costs associated with special items, inventory adjustments and negative pricing trends; however, a partial recovery was achieved due to solid… Continue reading Nissan reports full-year results for fiscal year 2017
Tag: Tier 1 Suppliers
Alfa Romeo to bolster SUV range with performance hybrids and larger model
Alfa Romeo is expected to announce a new range of performance hybrid models, as well as a new large SUV, in June. The plans will be announced at Fiat Chrysler Automobiles’ Balocco test track by Sergio Marchionne, 14 years to the day after he became FCA’s boss. Alfa Romeo Giulia coupe to pack 641bhp with… Continue reading Alfa Romeo to bolster SUV range with performance hybrids and larger model
Singapore auto marketplace Carro closes $60m Series B led by SoftBank Korea, others
May 14, 2018 Singapore’s online automotive marketplace Carro on Monday announced that it has secured a series B funding of $60 million in a round led by Softbank Ventures Korea, Insignia Ventures Partners and B Capital Group. The deal was also participated by the family office of Manik Arora (Founder of IDG Ventures India), while existing… Continue reading Singapore auto marketplace Carro closes $60m Series B led by SoftBank Korea, others
Samsung: how it plans to develop world-leading autonomous car tech
The rise of cars with self-driving capabilities has created numerous opportunities for technology firms to break into the automotive industry. Now the world’s biggest smartphone producer has bet more than half a billion US dollars that it can become a market leader in autonomous vehicles – and we’re not talking about Apple. The firm in… Continue reading Samsung: how it plans to develop world-leading autonomous car tech
UPDATE 2-Chinese owner eyes Volvo Cars IPO, picks banks – source
NEW YORK/STOCKHOLM/BEIJING (Reuters) – The Chinese owner of Volvo Cars has hired three investment banks for an initial public offering (IPO) this year that could value the Swedish carmaker in a broad range of $16 billion to $30 billion, a person familiar with the matter said on Thursday. FILE PHOTO: The Volvo logo is seen… Continue reading UPDATE 2-Chinese owner eyes Volvo Cars IPO, picks banks – source
Bentley Flying Spur PHEV to use Panamera hybrid powertrain
Bentley will equip its first plug-in hybrid Flying Spur with the electrified powertrain of the Porsche Panamera 4 E-Hybrid. Insurance database information shows that a recently spotted development car, caught on camera in London by Autocar reader Chris Thomson, is using the 2.9-litre V6 engine that’s also used by the Porsche saloon, rather than the 3.0-litre unit… Continue reading Bentley Flying Spur PHEV to use Panamera hybrid powertrain
(LEAD) Hyundai mulls acquiring electronic auto parts maker for growth
(ATTN: ADDS details in 4th para and Chung’s comment on Genesis sedan in last para) SEOUL, May 11 (Yonhap) — Hyundai Mobis Co., South Korea’s largest auto parts company by sales, is considering acquiring an electronic auto component maker to stay ahead in future car technologies, the company said Friday. In a recent interview with… Continue reading (LEAD) Hyundai mulls acquiring electronic auto parts maker for growth
Press Release – Magna Announces Record First Quarter Results
Please click HERE for a PDF version of the release. Record quarterly sales, up 21% year over year to $10.79 billion Record quarterly diluted earnings per share of $1.83, increased 21% Cash provided from operating activities of $577 million, up 26%, a first quarter record Paid dividends of $118 million and returned $103 million to… Continue reading Press Release – Magna Announces Record First Quarter Results
Executive Personnel Changes
2018/05/11 Company Information Mazda Motor Corporation has announced the following executive personnel changes, including Representative Directors, proposed to take effect on June 26 following the 152nd ordinary general meeting of shareholders and the subsequent meeting of the board of directors. (1) Representative Directors, Directors and Executive Officers New Post Current Post Name Representative Director and… Continue reading Executive Personnel Changes
Rolls-Royce Cullinan revealed: exclusive pictures of luxury SUV
Rolls-Royce has bitten the bullet. Officially it’s only three years since CEO Torsten Mueller-Otvoes revealed that his Goodwood-based company was planning a super-luxury SUV to sit at the very top of the SUV market to trump Range Rover, Bentayga and the rest. But by that stage the Rolls off-roader idea had been simmering for a… Continue reading Rolls-Royce Cullinan revealed: exclusive pictures of luxury SUV