Ford Motor Co shareholders should expect “fairly large” changes in the coming year, Executive Chairman Bill Ford Jr. told Reuters, building on the automaker’s moves to discontinue some North American models and boost electric vehicle investment. Ford has promised to cut costs overall but still faces questions about lagging performance in certain regions and calls… Continue reading Ford Chairman Bill Ford Jr Says ‘Fairly Large’ Changes in Store For the Automaker
Tag: Financial Results
Press Release – Magna Announces Record First Quarter Results
Please click HERE for a PDF version of the release. Record quarterly sales, up 21% year over year to $10.79 billion Record quarterly diluted earnings per share of $1.83, increased 21% Cash provided from operating activities of $577 million, up 26%, a first quarter record Paid dividends of $118 million and returned $103 million to… Continue reading Press Release – Magna Announces Record First Quarter Results
Japan bus drivers: Strikes with a difference
Bus drivers in the Japanese city of Okayama are on strike, but this is no ordinary industrial dispute. They’re still working, driving around picking up passengers. But they’re not doing a key part of the job – accepting fares – as they seek greater job security in the face of stiff competition from a rival… Continue reading Japan bus drivers: Strikes with a difference
South Korea takes more cautious view on GM Korea turnaround than U.S. automaker
SEOUL (Reuters) – General Motors’ (GM.N) South Korean unit is expected to swing to a profit from 2022, state-run Korea Development Bank (KDB) said on Friday, offering a more subdued outlook for the troubled unit compared with the U.S. automaker which sees a profit from 2019. FILE PHOTO: Employees work at an assembly line of… Continue reading South Korea takes more cautious view on GM Korea turnaround than U.S. automaker
Subaru Corporation Announces Consolidated Financial Results for FYE2018
Tokyo, May 11, 2018 – Subaru Corporation today announced its consolidated financial results for the fiscal year ended March 31, 2018. < FYE2018 Results: Consolidated Net Sales >Global sales of Subaru vehicles increased 0.2% to 1,067,000 units.Unit sales in Japan rose 2.8% to 163,000 units, as passenger car sales driven by the Impreza and the… Continue reading Subaru Corporation Announces Consolidated Financial Results for FYE2018
Executive Personnel Changes
2018/05/11 Company Information Mazda Motor Corporation has announced the following executive personnel changes, including Representative Directors, proposed to take effect on June 26 following the 152nd ordinary general meeting of shareholders and the subsequent meeting of the board of directors. (1) Representative Directors, Directors and Executive Officers New Post Current Post Name Representative Director and… Continue reading Executive Personnel Changes
Volvo Cars Picks Citi, Goldman, Morgan Stanley on IPO
Volvo Cars owner Zhejiang Geely Holding Group Co. has selected Citigroup Inc., Goldman Sachs Group Inc. and Morgan Stanley to advise on an initial public offering for the Swedish carmaker this year, according to people with knowledge of the matter. China’s Zhejiang Geely and Volvo have discussed valuing the Swedish automaker in a range of… Continue reading Volvo Cars Picks Citi, Goldman, Morgan Stanley on IPO
GM sees custom designs, personal ownership for self-driving cars
(Reuters) – General Motors Co (GM.N), which plans a ride-sharing fleet of robotaxis for next year, is looking at further business opportunities for self-driving cars, such as custom designs that could be almost unrecognizable from those of today, a top executive said on Thursday. FILE PHOTO: GM’s planned Cruise AV driverless car features no steering… Continue reading GM sees custom designs, personal ownership for self-driving cars
China’s Geely said to pick Citi, others for Volvo Cars IPO
May 10, 2018 Volvo Cars owner Zhejiang Geely Holding Group Co. has selected Citigroup Inc., Goldman Sachs Group Inc. and Morgan Stanley to advise on an initial public offering for the Swedish carmaker this year, according to people with knowledge of the matter. China’s Zhejiang Geely and Volvo have discussed valuing the Swedish automaker in… Continue reading China’s Geely said to pick Citi, others for Volvo Cars IPO
Audi invests heavily in 20 electrified cars by 2025
At its annual meeting Wednesday, Audi announced an ambitious plan to build 20 new electrified cars by 2025, most of them battery electrics,. The company says it will invest $47.6 billion (€40 billion) into these electrified cars, a new app platform for its cars, a new fleet of autonomous vehicles to be launched in 2021,… Continue reading Audi invests heavily in 20 electrified cars by 2025