Please click HERE for a PDF version of the release. Fourth Quarter 2017 Highlights Record sales of $10.4 billion, up 12% from the fourth quarter of 2016 Record diluted earnings per share of $1.53, an increase of 23% Cash from operations of $1.4 billion Returned $461 million to shareholders through share repurchases and dividends Raises… Continue reading Press Release – Magna Announces Fourth Quarter and 2017 Results and Raises Quarterly Cash Dividend by 20%
Tag: Tata
India: Tata said to be mulling sale of auto components unit
February 22, 2018 Tata group is planning to sell its automotive parts manufacturing company Tata AutoComp Systems Ltd (TACO), two people aware of the matter said. The group is currently in talks to hire an investment bank to manage the sale, the first of the two said on condition of anonymity. The sale process is… Continue reading India: Tata said to be mulling sale of auto components unit
New Range Rover Evoque hybrid on the way
The new second-generation Range Rover Evoque will feature hybrid technology, Auto Express can confirm. The new model was caught testing by an eagle-eyed reader in Spain, and the registration reveals it to be a 2.0-litre car with a hybrid electric fuel type. Although a Land Rover spokesman refused to comment, Auto Express understands that the… Continue reading New Range Rover Evoque hybrid on the way
Model S conquers top position in sales ranking: Tesla beats Mercedes and BMW in the domestic market
All articles and backgrounds 02/20/2018 Model S conquers top position in sales ranking Tesla beats Mercedes and BMW in the domestic market Tesla; Daimler Tesla Model S, Mercedes S-Class US electric car maker Tesla Show stock market chart has climbed for the first time in Europe the top spot in car sales in the luxury… Continue reading Model S conquers top position in sales ranking: Tesla beats Mercedes and BMW in the domestic market
ELECTRIC ROAD TRIP: JAGUAR I-PACE COMPLETES FINAL TESTING IN LOS ANGELES AHEAD OF 2018 REVEAL
× {{dictionary[‘Added to your cart’]}} × {{dictionary[‘CART WARNING’]}} {{dictionary[‘Sorry, your cart is currently full. Please remove ‘]}} × {{dictionary[‘Cookie message and title’]}} × Pagination Warning! Sorry, Please add a number less than maximum pages {{dictionary[‘User Licence – pop up text’]}} You have been detected as being located in: {{userLang}} A media site housing news, photo… Continue reading ELECTRIC ROAD TRIP: JAGUAR I-PACE COMPLETES FINAL TESTING IN LOS ANGELES AHEAD OF 2018 REVEAL
Ineos Grenadier: prototypes due in 2018 under new engineering deal
German engineering firm MBtech, which is part-owned by Mercedes-Benz, has signed a deal with Ineos Automotive to engineer its Land Rover Defender-inspired Projekt Grenadier SUV. The technical tie-up will involve MBtech allocating 200 full-time engineers to the project from its Stuttgart base. According to Ineos Automotive CEO Dirk Heilmann, the deal will: “bring together German engineering and British design and entrepreneurship”.… Continue reading Ineos Grenadier: prototypes due in 2018 under new engineering deal
German firm to design successor to Land Rover Defender
Jaguar Land Rover German firm to design successor to Land Rover Defender Ineos chairman hands contract to MBtech to create and produce prototypes of ‘world-class 4×4’ Jaguar Land Rover stopped making the Defender in 2016. The successor vehicle could be built in the UK. Photograph: Toby Melville/Reuters Jim Ratcliffe, the multibillionaire chemicals tycoon and Brexit… Continue reading German firm to design successor to Land Rover Defender
Ineos is teaming up with a Mercedes-Benz subsidiary on its new “spiritual successor” to the Land Rover Defender
Jim Ratcliffe’s Ineos announced today it has brought German firm MBtech on board for work on its planned “spiritual successor” to the Land Rover Defender. MBtech, a subsidiary of Mercedes-Benz, will become Ineos Automotive’s engineering partner on Projekt Grenadier – the development of an “uncompromising 4×4” – and oversee all developments of the new vehicle.… Continue reading Ineos is teaming up with a Mercedes-Benz subsidiary on its new “spiritual successor” to the Land Rover Defender
Ford Increasing Production of All-New Lincoln Navigator, Ford Expedition to Meet Greater-Than-Anticipated Customer Demand
Ford is increasing production of two entirely new SUVs – the Lincoln Navigator and Ford Expedition – to meet surging customer demand A new $25 million investment brings Ford’s total investment at Kentucky Truck Plant to $925 million and allows the company to increase manufacturing line speed; company has boosted production targets for full-size SUVs… Continue reading Ford Increasing Production of All-New Lincoln Navigator, Ford Expedition to Meet Greater-Than-Anticipated Customer Demand
Inside Jaguar Land Rover Classic Works
Hidden away on an industrial estate on the site of the old Peugeot factory in Ryton, Coventry, sits another great automotive name – but it’s one that has made an even bigger impact on UK motoring history. Jaguar Land Rover Classic Works has many roles, including contributing to the brand’s bottom line. Auto Express was… Continue reading Inside Jaguar Land Rover Classic Works