Sales of $9.3 billion decreased 3%, compared to global light vehicle production down 3% º Labour strike at General Motors (“GM strike”) reduced third quarter salesExcluding foreign currency translation and divestitures net of acquisitions, sales up 2%Returned $451 million to shareholders through share repurchases and dividends2019 Outlook reduced largely to reflect estimated impact of… Continue reading Magna Announces Third Quarter Results
Tag: Recalls
Wrench Announces $20M Series C to Bring Highest Quality Vehicle Maintenance and Repair Services to More Doors Across U.S.
SEATTLE, Nov. 7, 2019 /PRNewswire/ — Wrench, the mobile vehicle maintenance and repair solution that brings dealer-quality service directly to consumers and fleet customers across the U.S., today announced a $20 million Series C funding round led by Vulcan Capital, with additional participation from Madrona Venture Group, Tenaya Capital and Marubeni Corporation. The funding will accelerate… Continue reading Wrench Announces $20M Series C to Bring Highest Quality Vehicle Maintenance and Repair Services to More Doors Across U.S.
BMW urgently recalls 12,000 vehicles over airbag safety concerns
BMW BMW in Australia begins voluntary recall of E46 3 Series cars produced between November 1997 and June 2000 The ACCC says safety authorities identified a pattern of abnormal airbag deployments involving BMW cars in Australia, Japan and the United States. Photograph: Matthias Schräder/AP Some 12,000 BMW vehicles are being urgently recalled after transport safety… Continue reading BMW urgently recalls 12,000 vehicles over airbag safety concerns
Statement Dr Nicolas Peter, Member of the Board of Management of BMW AG, Finance, Conference Call Quarterly Report to 30 September 2019
Ladies and Gentlemen, Good morning! In the first nine months of the year, business development has so far met our expectations. In the third quarter, all segments are on course for growth, as planned. As expected, our financial figures have improved from quarter to quarter throughout the year. In a challenging and extremely volatile business… Continue reading Statement Dr Nicolas Peter, Member of the Board of Management of BMW AG, Finance, Conference Call Quarterly Report to 30 September 2019
BMW Group increases deliveries, revenues and earnings
Munich. The BMW Group recorded growth in deliveries, revenues and earnings in the third quarter and is therefore well on its way to achieving its targets for 2019. Group net profit increased at a double-digit percentage rate, helped to some extent by a base effect from the previous year’s reported figures. Moreover, profitability has continued… Continue reading BMW Group increases deliveries, revenues and earnings
Enterprise Advocates for Pennsylvania P2P Carsharing Bill
The panel addressed a series of topics critical to airport operations, trends in transportation, and local legislative issues that will be addressed during the final months of this year’s legislative session. Photo via Depositphotos. Customers who rent vehicles in Pennsylvania are best served by marketplace parity and common-sense rules that treat all service providers the… Continue reading Enterprise Advocates for Pennsylvania P2P Carsharing Bill
Workhorse Hosts Next Generation Vehicle Demonstrations and Test Drive Event at TRC for Current and Prospective Customers
Now officially named the C1000, this EDV was previously known as the Workhorse N-GEN, a placeholder used in reference to the Company’s overall development project. With production imminent, the Company is formally unveiling the new, clean name and look. The “C” references the vehicle’s “composite” body while the numeral indicates the cubic feet of the… Continue reading Workhorse Hosts Next Generation Vehicle Demonstrations and Test Drive Event at TRC for Current and Prospective Customers
All-New 2020 MY Ford Taurus Launches in the GCC, Boasting Class-Leading Levels Of Comfort, Technology And Safety
JEDDAH, KSA, November 4, 2019 – With a new look, class-leading levels of comfort and refinement, and the very latest in Ford’s active and passive safety features, the all-new 2020 Ford Taurus delivers more of what large sedan buyers in the GCC really want. Ford’s flagship sedan has been completely redesigned, with a major focus on… Continue reading All-New 2020 MY Ford Taurus Launches in the GCC, Boasting Class-Leading Levels Of Comfort, Technology And Safety
Waymo’s UX challenge is getting people to enjoy the ride
Driverless mobility requires insights into human factors and behavioral psychology Ed Niedermeyer 8 hours Google has been working on autonomous vehicles — one of the biggest challenges in AI — for more than a decade, but it’s learning that the hardest part might just be getting people to enjoy the ride. “This is an experience… Continue reading Waymo’s UX challenge is getting people to enjoy the ride
Genesis Announces Record October Sales
“The positive sales momentum of the G70, G80 and G90 is a reflection of our efforts to bring attention to the Genesis brand,” said Mark Del Rosso, Chief Executive Officer, Genesis Motor North America. “In the coming months, we will sharpen our focus even further, as we plan to add new models to the Genesis… Continue reading Genesis Announces Record October Sales