Tag: Financial Results

Aston Martin CEO Andy Palmer on Aston’s Product Roadmap, Business Prospects

With the launch of its excellent DB11, Aston Martin sales spiked 56 percent in 2017, with more than 5,100 cars sold, the most the company has shifted since 2008. Aston’s leader from 2014, Englishman Andy Palmer, is strongly optimistic about the prospects for the company, founded in 1913, over its next century, as the onetime… Continue reading Aston Martin CEO Andy Palmer on Aston’s Product Roadmap, Business Prospects

GM reports $3.9 billion loss for 2017

General Motors headquarters is seen in the Renaissance Center in Detroit. (Photo: Stan Honda / Getty Images) General Motors Co. reported Tuesday a loss of $3.9 billion in 2017, due largely to charges related to the new tax law and the Opel-Vauxhall sale, in what the company characterized as a very strong year. Even though… Continue reading GM reports $3.9 billion loss for 2017

General Motors enters losses in 2017 due to Trump’s new tax reform and the sale of Opel to PSA

Posted 06/02/2018 14: 42: 54CET DETROIT (UNITED STATES), 6 Feb. (EUROPA PRESS) – General Motors (GM) recorded net losses attributable of 3,864 million dollars (about 3,131 million euros at the current rate) in 2017, compared to 9,427 million dollars (7,642 million euros) of profit obtained in the previous year, according to data published by the… Continue reading General Motors enters losses in 2017 due to Trump’s new tax reform and the sale of Opel to PSA

S & P upgrades Fiat Chrysler’s long-term rating to ‘BB +’ for its strong profit margin

Posted 06/02/2018 14:17:37CET LONDON, Feb. 6 (EUROPE PRESS) – The credit rating agency S & P has revised up the long-term rating of the Fiat Chrysler Automobiles (FCA) automobile consortium, which goes from ‘BB’ to ‘BB +’ (questionable quality, with uncertain long-term capacity with great sensitivity to adverse environments). The firm explained that this improvement… Continue reading S & P upgrades Fiat Chrysler’s long-term rating to ‘BB +’ for its strong profit margin

TomTom reports fourth quarter and full year 2017 results

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

Porsche doubles e-mobility investment to over six billion euros by 2022

ATLANTA, Feb. 5, 2018 /PRNewswire/ — Porsche has been putting together an unprecedented future development plan: By 2022, the sports car manufacturer will invest more than six billion euros in e-mobility, focusing on both plug-in hybrids and purely electric vehicles. The decision was made by the Porsche AG Supervisory Board at its most recent meeting. “We… Continue reading Porsche doubles e-mobility investment to over six billion euros by 2022

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

Zoomcar Plans to Expand, Add Services

Zoomcar recently announced the launch of  PEDL, a private cycle-sharing service in Bangalore. Photo via Indianhilbilly/Wikimedia  Zoomcar announced that its revenue has grown 40% compared to this quarter last year, according to an article by Indian CEO. The startup plans to expand to more Southeast Asian and African countries in 2018. Additionally, Zoomcar recently announced… Continue reading Zoomcar Plans to Expand, Add Services