Hunt also said there was no possibility of the government changing its position on leaving the customs union after Brexit. LONDON: Britain will align its regulations with the European Union‘s in some areas, such as the automotive sector, after it leaves the bloc in 2019, health minister Jeremy Hunt said on Friday. Hunt also told… Continue reading UK to align auto regulations with EU post Brexit
Tag: Strategy
BMW Group plans joint venture for MINI electric vehicles in China
Munich. The BMW Group is in advanced discussions to ramp up the global success of its MINI brand through a new joint venture in China. A key element of the brand’s continued strategic development will be local production of future battery-electric MINI vehicles in the world’s largest market for electromobility. To this end, the BMW… Continue reading BMW Group plans joint venture for MINI electric vehicles in China
Press Release – Magna Announces Fourth Quarter and 2017 Results and Raises Quarterly Cash Dividend by 20%
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%
Partnership agreed between Bosch and Munich Re
The Bosch Group is a leading global supplier of technology and services. It employs roughly 400,500 associates worldwide (as of December 31, 2017). According to preliminary figures, the company generated sales of 78 billion euros in 2017. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building… Continue reading Partnership agreed between Bosch and Munich Re
Ford Appoints Senior Leaders; Galhotra to Lead North America, Falotico to Head Lincoln, Marketing; McClelland to lead Ford Credit
Kumar Galhotra named group vice president and president, Ford North America Joy Falotico named group vice president, Lincoln and Chief Marketing Officer David McClelland named vice president of Ford and CEO of Ford Motor Credit Company Stuart Rowley named vice president and chief operating officer, Ford North America John Lawler named vice president, Strategy, Ford… Continue reading Ford Appoints Senior Leaders; Galhotra to Lead North America, Falotico to Head Lincoln, Marketing; McClelland to lead Ford Credit
Visteon Reports Strong 2017 Financial Results
View the full-year 2017 financial summary infographic Visteon Announces Strong 2017 Results Delivered strong financial performance Sales of $3,146 million ($797 million in fourth quarter) Net income of $176 million ($25 million in fourth quarter) Adjusted EBITDA of $370 million ($102 million in fourth quarter) Adjusted free cash flow of $148 million ($58 million in… Continue reading Visteon Reports Strong 2017 Financial Results
Continental plans new Hungarian plant in Debrecen
Greenfield investment starts in third quarter 2018, production planned from third quarter 2020 Expansion of production footprint for the growing demand for automotive electronics Sensors and transmission control units will be produced in Debrecen 450 new jobs and investment in total of €100 million Debrecen (Hungary), 22. February 2018. The technology company Continental announced the… Continue reading Continental plans new Hungarian plant in Debrecen
Eliminating range anxiety: New services are making electromobility fit for everyday use
Mobility Solutions is the largest Bosch Group business sector. According to preliminary figures, its 2017 sales came to 47.4 billion euros, or 61 percent of total group sales. This makes the Bosch Group one of the leading automotive suppliers. The Mobility Solutions business sector pursues a vision of mobility that is accident-free, emissions-free, and stress-free,… Continue reading Eliminating range anxiety: New services are making electromobility fit for everyday use
Carlease To Redefine How Consumers Lease Vehicles And Capitalize On Rising Lease Trends With Initial Round Of Funding
CHICAGO, Feb. 21, 2018 /PRNewswire/ — Carlease, the premier car leasing experience site delivering concierge-level consumer service, announced an initial funding round of $3.5M led by Lightbank, together with a syndicate of powerhouse automotive industry veterans. Led by Andy O’Dower, former Chief Product Officer at Curiosity.com and Director of Product at Cars.com, Carlease.com is built… Continue reading Carlease To Redefine How Consumers Lease Vehicles And Capitalize On Rising Lease Trends With Initial Round Of Funding
Renault MASTER Z.E.: a large electric van, an ideal workhorse to reach city centers with zero emissions
Wednesday 21 February 2018 by Isabelle BEHAR – Cars Isabelle BEHAR Share on Twitter Share on Facebook Share on LinkedIn Share on Pinterest #LCVexpert, #MasterZE Renault Pro+ is broadening its range of electric LCVs with the introduction of the Master Z.E. large electric van – the ideal workhorse for emissions-free access to city centers. Master… Continue reading Renault MASTER Z.E.: a large electric van, an ideal workhorse to reach city centers with zero emissions