Clermont-Ferrand, April 26, 2021 COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELINFinancial information for the three months ended March 31, 2021 Q1 2021: €5.4 billion in sales, up 8.3% at constant exchange rates, lifted by the recovery in demand. With the strong upturn in global demand, which offset major supply chain disruptions and persistent health-related restrictions: Passenger car/Light truck and… Continue reading Michelin: Q1 2021: €5.4 billion in sales, up 8.3% at constant exchange rates, lifted by the recovery in demand.
Tag: Strategy
@Daimler: Daimler Truck AG makes significant management and organizational changes in preparation for an independent future
Daimler Truck AG is making significant changes to its management structure ahead of the spin-off and separate listing planned for late 2021 Daimler Truck AG reaffirms strategic goals: Improving profitability and leading role in the transformation of the commercial vehicle business The reorganization will see more entrepreneurial freedom and greater product development responsibility given to… Continue reading @Daimler: Daimler Truck AG makes significant management and organizational changes in preparation for an independent future
German Handelsblatt: Truck subsidiary: Daimler Truck reorganizes management prior to partial IPO
Daimler Truck CEO Martin Daum The development of software, electronics and engines – whether diesel engines or alternative drives – will be centralized in the new Truck Technology Group (TT) business unit. (Photo: dpa) Frankfurt With a view to the IPO planned for the end of the year, Daimler’s truck subsidiary has reorganized its management.… Continue reading German Handelsblatt: Truck subsidiary: Daimler Truck reorganizes management prior to partial IPO
Porsche India packs a punch in Q1 2021 with 52% growth
Porsche India has released its official sales figures for the first quarter of calendar year 2021, 14 days after Porsche Middle East and Africa FZE has reported its best first quarter result in five years. In Q1 CY2021, 2,064 new cars were delivered to Porsche customers in the GCC, the Levant, Africa and India. Porsche India… Continue reading Porsche India packs a punch in Q1 2021 with 52% growth
Continental Wins First Order for a High-Performance Computer in the Commercial Vehicle Sector
Continental now supplies telematics boxes with high-performance computers for commercial vehicles High-performance computer creates foundation for even more innovative functions and services With this order, Continental reinforces its leading position in the segment Frankfurt, Germany, April 2021. For the first time, Continental has won an order to supply the commercial vehicle sector with telematics units… Continue reading Continental Wins First Order for a High-Performance Computer in the Commercial Vehicle Sector
German Handelsblatt: Electromobility: Porsche wants to build battery cell factory in Tübingen001932
Electric Porsche Taycan Turbo S Volkswagen wants to build a total of six battery cell factories in Europe by 2030 to cover the need for batteries (Photo: dpa) Frankfurt, Stuttgart The Volkswagen Group is making rapid progress with its planned network of six European battery cell factories. The sports car subsidiary Porsche wants to build… Continue reading German Handelsblatt: Electromobility: Porsche wants to build battery cell factory in Tübingen001932
@VW Group: Bernd Osterloh appointed as TRATON SE’s new Executive Board member with responsibility for human resources002910
TRATON SE has filled the position of Executive Board member with responsibility for human resources, which has been vacant since last year. Bernd Osterloh, the current Chairman of Volkswagen AG’s General and Group Works Councils, will take up the position from May 1, 2021. TRATON SE’s Supervisory Board passed a corresponding resolution earlier today. “TRATON… Continue reading @VW Group: Bernd Osterloh appointed as TRATON SE’s new Executive Board member with responsibility for human resources002910
AI at HERE Technologies: our code of ethics
To guide the proper use of AI at HERE, we follow a code of ethics that aligns with the fundamental requirements for trustworthy AI – this is how we put these principles to work. Artificial intelligence is integral to our vision of the future. At HERE, we apply machine learning to automate map creation and… Continue reading AI at HERE Technologies: our code of ethics
Daimler AG: Management Board appointments for Truck CEO Daum and Chief Financial Officer Wilhelm extended
STUTTGART, Germany, April 23, 2021 /PRNewswire/ — The Supervisory Board of Daimler AG at its meeting on April 23, 2021 extended the appointments of management board members Martin Daum and Harald Wilhelm. The appointments of Martin Daum (61), as member of the board of management for Daimler AG and Chief Executive of Daimler Truck AG,… Continue reading Daimler AG: Management Board appointments for Truck CEO Daum and Chief Financial Officer Wilhelm extended
@Daimler: Daimler raises margin targets based on strong first quarter performance
Strong demand: the Group sold 728,600 vehicles (Q1 2020: 644,300) Favourable product mix and pricing: revenue of €41.0 billion (Q1 2020:€37.2 billion) Bottom line multiplied: Group net profit of € 4.4 billion (Q1 2020: €0.168 billion) Well on track: strategic transformation with planned Daimler Truck spin-off and accelerated expansion of electric-vehicle line-up Divisional outlook raised:… Continue reading @Daimler: Daimler raises margin targets based on strong first quarter performance