Tag: Recalls

Mercedes-Benz Bank sets records in 2019

24.

February 2020

Stuttgart

New business with leasing and financing for Daimler vehicles grows to a new high of 13.3 billion euros in 2019. Customer deposits increase to 11.9 billion euros. Growth potential with hybrid and electric vehicles. Stuttgart. In 2019, Mercedes-Benz Bank AG posted new leasing and financing contracts for passenger cars and commercial vehicles totaling 13.3 billion euros. That is a new record for the Stuttgart-based company. “With our financial services, we are in very close proximity to the customer and support the sales of vehicles from Daimler Group in Germany. In doing so, we put nearly 400,000 vehicles of our corporate brands Mercedes-Benz, AMG, smart, Setra and Fuso on the road in 2019 alone,” says Benedikt Schell, Chairman of the Board of Mercedes-Benz Bank.
The total portfolio of all contracts handled by Mercedes-Benz Bank amounted to 25.9 billion euros at the end of 2019 and was thus slightly below the previous year. The reason for this was a su..

Meritor Announces Drivetrain on Demand

TROY, Mich., Feb. 24, 2020 /PRNewswire/ — Meritor, Inc. (NYSE: MTOR) today announced the launch of Drivetrain on Demand that offers simplified ordering processes for U.S. and Canadian customers requiring fast replacement of driveshaft and differential assemblies. “By streamlining the ordering process and shipping the product within 24 hours, Drivetrain on Demand helps get vehicles in truck-down… Continue reading Meritor Announces Drivetrain on Demand

@Daimler: Mercedes-Benz Bank sets records in 2019

New business with leasing and financing for Daimler vehicles grows to a new high of 13.3 billion euros in 2019. Customer deposits increase to 11.9 billion euros. Growth potential with hybrid and electric vehicles. Stuttgart. In 2019, Mercedes-Benz Bank AG posted new leasing and financing contracts for passenger cars and commercial vehicles totaling 13.3 billion… Continue reading @Daimler: Mercedes-Benz Bank sets records in 2019

Chevrolet Introduces Its First EV In China: Menlo EV

Chevrolet Menlo Electric Vehicle Launched in China 2020-02-20 Has electric range of 410 kilometers Offers smooth, quiet and natural driving experience SHANGHAI – The Chevrolet Menlo sporty-looking sedan, the brand’s first fully electric vehicle in China, was launched today. Initially being offered in Beijing, the Chevrolet Menlo is available in four variants priced from RMB… Continue reading Chevrolet Introduces Its First EV In China: Menlo EV

Magna Announces Fourth Quarter and 2019 Results and Raises Quarterly Cash Dividend per Share by 10%

Fourth Quarter 2019 HighlightsCash from operations increased to $1.70 billion, despite lower sales and earningsReturned $365 million to shareholders through share repurchases and dividendsRaised quarterly cash dividend by 10% to $0.40 per shareFull Year 2019 HighlightsRecord cash from operations of $3.96 billion, despite lower sales and earningsReturned approximately $1.7 billion to shareholders through share repurchases and… Continue reading Magna Announces Fourth Quarter and 2019 Results and Raises Quarterly Cash Dividend per Share by 10%

Kia to recall 228,000 Sedona, Sorento models in U.S.

Kia Motors Corp., South Korea’s second-biggest carmaker by sales, said Friday it will voluntarily recall more than 228,000 recreation vehicle models in the United States from April.The problem involves moisture that may get into the anti-lock brake system’s electronics, potentially causing an electrical short circuit and increasing the risk of an engine compartment fire.The Sedona is sold as Carnival in South Korea.

Workhorse Group to Unveil New C650 Electric Step Van at NTEA Work Truck Show

The Company’s new C650  and C1000 step vans will set a new standard in design and efficiency for the last-mile delivery segment with its 650 cubic foot and 1000 cubic foot vehicles both weighing approximately 12,500 lbs. when fully loaded. Through a lightweight, composite, monocoque construction method, Workhorse has significantly decreased their vehicles’ curb weights when… Continue reading Workhorse Group to Unveil New C650 Electric Step Van at NTEA Work Truck Show

SsangYong Motors UK adds York dealership to its network

SsangYong Motors UK has announced the addition of a new franchised dealership to its network. Optimum Vehicles, trading as SsangYong York, has been supplying vehicles to customers for over 10 years. Nick Laird, managing director of SsangYong Motors UK said: “Optimum Vehicles has a well-established presence and excellent reputation in Yorkshire and the north, and… Continue reading SsangYong Motors UK adds York dealership to its network

@GM: GM Accelerates Transformation of International Markets DETROIT , Feb. 16, 2020 /PRNewswire/ — GM to cease Holden sales, design and engineering ope…

DETROIT, Feb. 16, 2020 /PRNewswire/ — GM to cease Holden sales, design and engineering operations by 2021, plans to focus on growth opportunities in specialty vehicle business GM and Great Wall Motors sign binding term sheet for sale of Thailand manufacturing plant Chevrolet to cease domestic sales in Thailand by end of 2020  General Motors… Continue reading @GM: GM Accelerates Transformation of International Markets DETROIT , Feb. 16, 2020 /PRNewswire/ — GM to cease Holden sales, design and engineering ope…

@GM: GM Accelerates Transformation of International Markets

GM Accelerates Transformation of International Markets 2020-02-16 GM to cease Holden sales, design and engineering operations by 2021, plans to focus on growth opportunities in specialty vehicle business GM and Great Wall Motors sign binding term sheet for sale of Thailand manufacturing plant Chevrolet to cease domestic sales in Thailand by end of 2020 DETROIT… Continue reading @GM: GM Accelerates Transformation of International Markets