Good Morning, Ladies and Gentlemen. As you know, the BMW Group consistently delivers on its strategic priorities, excellence in execution and compelling returns for all stakeholders. 2022 was no exception. Our Group EBT margin stood at 16.5%. Our Automotive operating earnings increased 7.8% year-on-year. The EBIT margin for the segment of 8.6% was at the upper end of… Continue reading @BMW: Statement and Presentation Dr Nicolas Peter, Member of the Board of Management of BMW AG, Finance, BMW Group Annual Conference 2023002576
Tag: Recalls
@BMW: Statement and Presentation Dr Nicolas Peter, Member of the Board of Management of BMW AG, Finance, BMW Group Annual Conference 2023002569
Good Morning, Ladies and Gentlemen. As you know, the BMW Group consistently delivers on its strategic priorities, excellence in execution and compelling returns for all stakeholders. 2022 was no exception. Our Group EBT margin stood at 16.5%. Our Automotive operating earnings increased 7.8% year-on-year. The EBIT margin for the segment of 8.6% was at the… Continue reading @BMW: Statement and Presentation Dr Nicolas Peter, Member of the Board of Management of BMW AG, Finance, BMW Group Annual Conference 2023002569
Honda Motorcycle & Scooter India enters mass market with Shine 100 cc at Rs 64,900
Honda Motorcycle & Scooter India enters mass market with Shine 100 cc at Rs 64,900 The Indian subsidiary of Japan’s largest two-wheeler maker – Honda Motorcycle & Scooter India has finally entered the highly competitive 100 cc market with the Shine 100 on Wednesday, its biggest bet yet to attempt at grabbing leadership in the… Continue reading Honda Motorcycle & Scooter India enters mass market with Shine 100 cc at Rs 64,900
NHTSA bars 2 Michigan importers from bringing autos into the country
The National Highway Traffic Safety Administration has notified two registered Michigan vehicle importers they’re not allowed to import vehicles into the United States through the government’s Registered Importer program after they committed “serious and systemic violations of federal safety requirements.” The companies are Bisbee Importing in Davison and Metro Auto Importer in Clinton Township. Neither… Continue reading NHTSA bars 2 Michigan importers from bringing autos into the country
@VW Group: BUGATTI APPOINTS SASCHA DOERING AS COO FOR THE AMERICAS006815
In his new role, Sascha will oversee, shape and implement core brand and business strategies that will form the basis of a new era for Bugatti as the wider automotive landscape embraces change. Part of this will include enhancing the Bugatti experience in North America for its valued customers and dealer network as well as… Continue reading @VW Group: BUGATTI APPOINTS SASCHA DOERING AS COO FOR THE AMERICAS006815
Navistar Launches International® S13 Integrated Powertrain for Vocational Market
Global integrated powertrain design introduced in the International® HX® Series LISLE, Ill., March 14, 2023 /PRNewswire/ — Navistar has launched the International® S13 Integrated Powertrain for the vocational market. The S13 Integrated Powertrain, developed in collaboration with the TRATON Group, demonstrates advancements in robustness, reliability and performance. This latest announcement showcases a continued commitment to customers… Continue reading Navistar Launches International® S13 Integrated Powertrain for Vocational Market
Ola recalls S1 scooters to fix front fork suspension issue, offers free upgrade
In a first-ever large-scale recall by any EV player, Ola Electric recognising the challenges around its front fork that have seen a half dozen breakdowns, announced a massive recall for its S1 range from March 22, offering to upgrade to the new fork design. In a statement issued over Twitter, the Bengaluru based Soft bank… Continue reading Ola recalls S1 scooters to fix front fork suspension issue, offers free upgrade
Ola recalls S1 scooters to fix front fork suspension issue, offers free upgrade
In a first-ever large-scale recall by any EV player, Ola Electric recognising the challenges around its front fork that have seen a half dozen breakdowns, announced a massive recall for its S1 range from March 22, offering to upgrade to the new fork design. In a statement issued over Twitter, the Bengaluru based Soft bank… Continue reading Ola recalls S1 scooters to fix front fork suspension issue, offers free upgrade
AMU Leasing, 3ev Industries, and 3eco Systems Join Hands to Deploy 600+ ICE-to-EV 3-Wheel L-5N Cargo Vehicles in India
AMU Leasing, 3ev Industries, and 3eco Systems Join Hands to Deploy 600+ ICE-to-EV 3-Wheel L-5N Cargo Vehicles in India AMU Leasing, 3ev Industries, and 3eco Systems have announced a new collaboration to introduce a new initiative aimed at deploying over 600 converted ICE-to-EV 3-Wheel L-5N Cargo Vehicles in India within nine months. As part of… Continue reading AMU Leasing, 3ev Industries, and 3eco Systems Join Hands to Deploy 600+ ICE-to-EV 3-Wheel L-5N Cargo Vehicles in India
Daimler India CV commits to 48-hour service delivery of BharatBenz trucks and buses
Daimler India CV commits to 48-hour service delivery of BharatBenz trucks and buses Daimler India Commercial Vehicles (DICV), the manufacturer of BharatBenz trucks and buses, has launched an uptime assurance program called ‘BharatBenz Rakshana’ aimed at enabling its customers to enhance their business profitability. The Rakshana program commits to servicing and delivering BharatBenz trucks and… Continue reading Daimler India CV commits to 48-hour service delivery of BharatBenz trucks and buses