Amsterdam, the Netherlands, 6 February 2018 7:30 AM CET Financial summary Q4 ’17 Revenue of €220 million (Q4 ’16: €266 million) Gross margin of 59% (Q4 ’16: 58%) EBITDA of €37 million (Q4 ’16: €39 million) Cash flow from operating activities of €98 million (Q4 ’16: €76 million) Financial summary FY ’17 Revenue of €903… Continue reading TomTom reports fourth quarter and full year 2017 results
Tag: Strategy
GM races to build a formula for profitable electric cars
By Paul Lienert and Joseph White DETROIT (Reuters) – General Motors Co Chief Executive Mary Barra has made a bold promise to investors that the Detroit automaker will make money selling electric cars by 2021. What Barra has not explained in detail is how GM intends to do what, so far, no major automaker has… Continue reading GM races to build a formula for profitable electric cars
Big portion of future GM electric vehicles for China market: executive
DETROIT (Reuters) – General Motors Co’s China unit will sell a “substantial portion” of the automaker’s future electric vehicles, GM China President Matt Tsien said on Wednesday. In a briefing at GM headquarters, Tsien said, “China is at the heart of our electrification strategy.” Tsien did not say which GM brands would sell electric vehicles… Continue reading Big portion of future GM electric vehicles for China market: executive
Jaguar’s Technology Startup to Build Car Service Apps
Logo courtesy of Jaguar Land Rover. Jaguar Land Rover has launched InMotion, a new technology business that builds apps and on-demand services to overcome transport challenges. InMotion will begin testing a number of different services, such as carsharing and car ownership solutions, across North America, Europe, and Asia in the coming months. “With the development… Continue reading Jaguar’s Technology Startup to Build Car Service Apps
Bridgestone Elevates Standards in Sustainable Procurement Practices; Launches New Policy for Suppliers and Partners
Minimum requirements strengthen existing guidelines for Respect of Human Rights, Environmental Standards and Product Quality while including additional requirements for Land Conservation and Rights, Point of Origin Traceability and Resilience TOKYO, Feb. 5, 2018 /PRNewswire/ — Bridgestone Corporation (Bridgestone), the world’s largest tire and rubber company, today announced a new Global Sustainable Procurement Policy to help… Continue reading Bridgestone Elevates Standards in Sustainable Procurement Practices; Launches New Policy for Suppliers and Partners
Fair Raises Funding; Acquires Skurt
Fair, a Santa Monica, CA-based provider of an app that lets people shop, get approved and pay for cars, closed a strategic equity funding of undisclosed amount. The round was led by next47, with participation from BMW, CreditEase FinTech Investment Fund, Millennium Technology Value Partners, 137 Ventures, G Squared, and Upfront Ventures. Led by Scott… Continue reading Fair Raises Funding; Acquires Skurt
CityMakers: open innovation projects share Groupe Renault’s strategic objectives
Friday 02 February 2018 by Thomas AUDEBERT – Innovation Thomas AUDEBERT Share on Twitter Share on Facebook Share on LinkedIn Share on Pinterest “Our company take advantage of the agility of the start-ups”. Nadine Leclair, Groupe Renault Expert Fellow, is pleased with the results of the first edition of CityMakers, an open innovation program dedicated… Continue reading CityMakers: open innovation projects share Groupe Renault’s strategic objectives
Nissan and Dongfeng will invest almost 7,700 million in their joint venture in China until 2022
The joint venture between Nissan Motor and Dongfeng Group in China, called Dongfeng Motor, has presented its medium-term strategic plan, which envisages an investment of 300,000 million yuan (7,692 million euros at the current rate) over the next five years.
Wall Street sours on Hackett’s Ford
DETROIT — To hear Wall Street tell it, Ford Motor Co. is in dire straits. Ford shares last week fell under $11, lower than when Jim Hackett became CEO last May, despite big gains for the broader market in those eight months. Ford’s earnings outlook for the year dimmed in light of lower-than-expected 2017 results.… Continue reading Wall Street sours on Hackett’s Ford
Mahindra First Choice Wheels Raises $15 Million valuing the company at $265 Million
Mahindra First Choice Wheels Raises $15 Million valuing the company at $265 Million – Funds are primary infusion into the company to fund growth over the next 18 months– Existing investors participating in this round– Over the last five years, monthly revenue growth for the company at 3.5% with annual growth rate of over 50%–… Continue reading Mahindra First Choice Wheels Raises $15 Million valuing the company at $265 Million