Audi steered a steady course through a challenging 2019 financial year. The car manufacturer systematically reduced its WLTP inventories and achieved slightly higher deliveries for the Audi brand than in the previous year in a highly competitive environment. Revenue of €55.7 billion reflects the high demand for SUVs and top-end models. Operating profit and operating… Continue reading @VW Group: Financial year 2019: AUDI AG achieves its financial targets and sets a course for long-term competitiveness
Tag: VW
@VW Group: Growth in turnover and operating margin for Ducati in 2019
Ducati closes 2019 positively, consolidating the growth that has characterized the last years of the Italian motorcycle manufacturer. 53,183 (2018: 53,004) bikes were delivered to customers all over the world, a result that allowed sales to remain above 50,000 units for the fifth consecutive year, confirming the positive signs of the market which, in the… Continue reading @VW Group: Growth in turnover and operating margin for Ducati in 2019
@VW Group: Automobili Lamborghini achieves record figures in Fiscal Year 2019 Coronavirus poses significant challenges for 2020
In Fiscal Year 2019 (1 Jan – 31 Dec), Automobili Lamborghini S.p.A. achieved its best-ever results across the board, entering new dimensions in its year-long growth. The Italian super sports car producer outperformed all previous key business benchmarks: sales, turnover and profitability achieved levels unprecedented in the 56-year history of the brand. The celebration of… Continue reading @VW Group: Automobili Lamborghini achieves record figures in Fiscal Year 2019 Coronavirus poses significant challenges for 2020
Toyota extends North America production shutdown through April 3
FILE PHOTO: Toyota logo is seen in Tokyo Motor Show in Tokyo, Japan October 24, 2019. REUTERS/Soe Zeya Tun (Reuters) – Toyota Motor Corp (7203.T) said on Thursday it will extend a planned two-day shutdown of all North American plants through April 3 as the spread of coronavirus continues. The largest Japanese automaker said Wednesday… Continue reading Toyota extends North America production shutdown through April 3
UPDATE 2-British carmakers and aerospace groups answer call to make ventilators
LONDON (Reuters) – Some of Britain’s biggest companies with expertise in aerospace and cars have formed three teams to produce basic ventilators to help the National Health Service cope with the coronavirus outbreak. Meggitt (MGGT.L), which employs 12,000 people and builds components including oxygen systems for civil aerospace and military fighter programs, is leading one… Continue reading UPDATE 2-British carmakers and aerospace groups answer call to make ventilators
Mercedes’ and Suzuki’s Hungarian plants to suspend production over coronavirus
BUDAPEST, March 18 (Xinhua) — German carmaker Mercedes-Benz and Japanese carmaker Suzuki will both halt production at their Hungarian plants located respectively in Kecskemet (Center) and in Esztergom (North), next Monday due to the coronavirus outbreak, Hungarian news agency MTI reported on Wednesday.
“Production at the Mercedes-Benz plant in Kecskemet will be suspended from Monday, at the latest, for an initial period of two weeks,” MTI reported, citing a statement of the local unit of German automotive industry giant Daimler.
“An extension of this measure will depend on further developments,” Daimler added.
“The management of Hungarian Suzuki Inc. has decided to halt production at its plant in Esztergom, north of Budapest, from March 23 until April 3 because of rising risks of the spread of the coronavirus, the local unit of Japanese car maker Suzuki said on Wednesday,” reported MTI.
German carmaker Audi announced on Tuesday that it would halt production at its plant in Gyor, north..
Honda, Audi plants in Mexico suspend operations amid pandemic
MEXICO CITY, March 18 (Xinhua) — Japanese Honda and German Audi automobiles said Wednesday they were temporarily suspending production in their plants in Mexico due to a lack of inputs and a weak demand for vehicles amid the COVID-19 pandemic.
Honda said it will idle its plant in central Guanajuato state from March 23 to 31, as part of a larger company strategy that has also affected plants in Canada and the United States.
The measure will cut North American regional output by some 40,000 vehicles, the company said in a statement.
“Approximately 27,600 Honda partners in North America” will be affected by this temporary suspension, it said.
Audi, which opened a plant in Mexico in 2016, said it will halt production from March 23 to April 13 because of a lack of inputs, a problem that has also impacted its plants in Germany, Belgium and Hungary.
The company said its plant in Mexico's central Puebla state lacks parts and materials for the Audi Q5, and has also experienced delays in t..
Smart Eye Crowned by Success, Announces 24 new Design Wins With Four Different OEMs in one Fell Swoop
STOCKHOLM, March 19, 2020 /PRNewswire/ — Of the four OEMs, two are new customers; one is an American high-volume car maker and one is a European premium manufacturer, and two are existing European premium customers. The estimated combined life-time value of the four contracts is at least 500 MSEK. “I am exceptionally proud of Smart… Continue reading Smart Eye Crowned by Success, Announces 24 new Design Wins With Four Different OEMs in one Fell Swoop
Foreign, Domestic Automakers Suspend Production at North American Factories
Photo via Wikimedia/Anonyme General Motors, Ford, and Fiat Chrysler will suspend production at North American manufacturing facilities to fight the spread of COVID-19/coronavirus, according to press statements and news reports. Both GM and Ford stated their suspensions will last until at least March 30. GM stated its production status will be reevaluated week-to-week after that.… Continue reading Foreign, Domestic Automakers Suspend Production at North American Factories
Detroit automakers Ford, General Motors, FCA agree to close all US plants
CLOSE The CDC and a new study look at how long the coronavirus can live on surfaces. USA TODAY The Detroit Three automakers agreed Wednesday to UAW demands to shut down all North American plants as a precaution against coronavirus. During the shutdown, the union members will get paid similar to the compensation plan for when they… Continue reading Detroit automakers Ford, General Motors, FCA agree to close all US plants