Nanterre (France), October 23, 2020 THIRD-QUARTER 2020 SALES Q3 SALES SIGNIFICANTLY BETTER THAN PREVIOUSLY EXPECTED H2 GUIDANCE UPGRADED In €m Q3 2019 Q3 2020 Change 9m 2019 9m 2020 Change Group sales 4,185 3,874 -7.4% 13,157 10,043 -23.7% At constant scope and currencies -7.0% -26.4% Q3 SALES SIGNIFICANTLY BETTER THAN PREVIOUSLY EXPECTED Strong sequential improvement… Continue reading Faurecia: Q3 sales significantly better than previously expected – H2 guidance upgraded
Tag: Mobility
@Renault: GROUPE RENAULT: Quarterly information Q3 2020000111
PRESS RELEASE #RenaultResults Revenues of €10,374 million in the third quarter of 2020Group revenues reached €10,374 million (-8.2%) in the quarter. At constant exchange rates and perimeter1, the decrease would have been -3.2%.The Group sold 806,320 vehicles in the third quarter, down 6.1%.September showed a positive momentum, particularly marked in Europe, where Group’s sales were up 8%… Continue reading @Renault: GROUPE RENAULT: Quarterly information Q3 2020000111
@Renault: Revenues of €10,374 million in the third quarter…000110
Luca de Meo, CEO of Renault, declared: This third quarter highlights the change in our commercial policy, which now focuses on profitability rather than volumes. Our EV performance, our E-TECH hybrid models which have been very well received, our liquidity reserves and our positive spirit give us confidence in the Group’s ability to start… Continue reading @Renault: Revenues of €10,374 million in the third quarter…000110
@Daimler: Daimler reports third-quarter 2020 results
Good performance by Group and divisions, despite lower unit sales and revenue, due to improving markets, strong products and diligent cost discipline Industrial net liquidity of €13.1 billion (end of Q2 2020: €9.5 billion) Positive momentum from market and cost measures in third quarter expected to be continued in fourth quarter Daimler expects EBIT for… Continue reading @Daimler: Daimler reports third-quarter 2020 results
Daimler reports third-quarter 2020 results
STUTTGART, Germany, Oct. 23, 2020 /PRNewswire/ — Good performance by Group and divisions, despite lower unit sales and revenue, due to improving markets, strong products and diligent cost discipline Industrial net liquidity of €13.1 billion (end of Q2 2020: €9.5 billion) Positive momentum from market and cost measures in third quarter expected to be continued… Continue reading Daimler reports third-quarter 2020 results
LM Industries raises $15m from SPARX to develop and deliver the 3D printed Olli 2.0
Digital vehicle manufacturer and parent company of Local Motors, LM Industries, has raised $15 million from an investment fund managed by the Japanese SPARX Group. Local Motors is the developer of Olli, a 3D printed, electric, self-driving shuttle bus, and the additional funding will be used to develop, manufacture and deploy the vehicle’s second iteration… Continue reading LM Industries raises $15m from SPARX to develop and deliver the 3D printed Olli 2.0
Uber drivers are suing the company over ‘threatening’ messages urging them to vote for California’s Prop. 22 (UBER)
A group of Uber drivers say the company’s messaging in favor of California’s Proposition 22 is breaking the law. In their lawsuit filed Thursday, they say the “threatening” and “coercive” messages break a 1915 law. An Uber spokesperson called the lawsuit “absurd” and said it lacked any merit. Prop. 22 would allow Uber and its… Continue reading Uber drivers are suing the company over ‘threatening’ messages urging them to vote for California’s Prop. 22 (UBER)
Faraday Future enhances its head-up display features on FF 91 to new levels of innovation and safety
Faraday Future (FF), a California-based shared intelligent mobility ecosystem company announced additional details on its FF 91 ultra-luxury vehicle, including updates to its HUD (head-up display) functionality. In addition to the HUD, FF 91 features a central hub display up front, with a 15.4-inch display, a predictive home screen that tailors itself to destinations in… Continue reading Faraday Future enhances its head-up display features on FF 91 to new levels of innovation and safety
E-bike subscription service Dance closes $17.7M Series A, led by HV Holtzbrinck Ventures
Three months on since the former founders of SoundCloud launched their e-bike subscription service, Dance today is announcing the close of a $17.7 million (€15 million) Series A funding round led by one of the larger European VCs, HV Holtzbrinck Ventures. Founded by Eric Quidenus-Wahlforss (ex-SoundCloud), Alexander Ljung (still at SoundCloud as chairman) and Christian… Continue reading E-bike subscription service Dance closes $17.7M Series A, led by HV Holtzbrinck Ventures
Tesla is adding a new ‘4D’ radar with twice the range for self-driving
We learn that Tesla is looking to add a new “4D” radar with twice the range of its current radar in order to help its self-driving effort. Tesla Loves cameras and radar, hates lidar Early on its Autopilot and self-driving effort, Tesla made a clear decision to bet on computer vision powered by camera and… Continue reading Tesla is adding a new ‘4D’ radar with twice the range for self-driving