The transformation of the car industry will cost Daimler a lot of energy. CEO Zetsche refuses at the Annual General Meeting because of the great cheers on the record numbers for 2017 – and prefers to point out the dangers. Daimler CEO Dieter Zetsche Thursday, 05.04.2018 16:14 clock Even the recent record numbers at Daimler… Continue reading Zetsche agrees with shareholders on falling profits
Tag: Financial Results
Press Releases – EU-US automobile trade and production in context
Geneva, 6 March 2018 – In the margins of the Geneva motor show, the European Automobile Manufacturers’ Association (ACEA) reacts to recent discussions on possible tariffs on EU car imports to the United States by putting the trade relations between the two regions in context. “ACEA’s members are global companies, and international trade is an… Continue reading Press Releases – EU-US automobile trade and production in context
BMW Group reduces CO2 emissions in Europe again
Munich. The BMW Group has reduced CO2 emissions from its new car fleet in Europe (EU 28) to 122 grams/kilometre. Compared to 2016, this marks a reduction of a further 2 gram/kilometre (2016: 124g/km). The BMW Group has been reducing CO2 emissions from its EU fleet for years: since 1995, the average CO2 emissions for new… Continue reading BMW Group reduces CO2 emissions in Europe again
Exclusive: Fiat Chrysler to spin-off Magneti Marelli without raising money – sources
LONDON/FRANKFURT/MILAN (Reuters) – Fiat Chrysler Automobiles NV (FCA) (FCHA.MI) is looking to spin off auto-parts business Magneti Marelli to its shareholders via a Milan listing that will not raise money by selling new shares, four sources familiar with the matter said. FILE PHOTO: A screen displays the ticker information for Fiat Chrysler Automobiles NV at… Continue reading Exclusive: Fiat Chrysler to spin-off Magneti Marelli without raising money – sources
Ford to Lay Off 2,000 Workers for Ranger, Bronco Retooling
Ford Motor Co. will lay off about 2,000 workers for almost six months this year as the U.S. automaker retools a Michigan plant to produce Ranger pickups and Bronco sport utility vehicles. Workers at Michigan Assembly Plant in Wayne, west of Detroit, will be temporarily dismissed from around May 7 through Oct. 22, according to a… Continue reading Ford to Lay Off 2,000 Workers for Ranger, Bronco Retooling
New Volvo XC40 is named 2018 European Car of the Year
New Volvo XC40 is named 2018 European Car of the Year The new Volvo XC40 small SUV has been named the 2018 European Car of the Year ahead of the Geneva Motor Show in Switzerland. It is the first win of this prestigious award for Volvo Cars, the premium car maker. “Winning this… Continue reading New Volvo XC40 is named 2018 European Car of the Year
VW Weighs Strategic Options for Truck Division Revamp
Volkswagen AG officials are discussing options to prepare the truck division for access to the capital markets, potentially paving the way for an initial public offering of shares or a bond sale by the unit, according to people familiar with the matter. Deliberations at a meeting last week included changing the division’s legal structure to… Continue reading VW Weighs Strategic Options for Truck Division Revamp
BAIC Chairman Sees Swing to Profit in 2019 on Brands Like Senova
BAIC Motor Corp. will probably make a profit on sales of its own brands such as Senova cars next year after significantly reducing losses this year, Chairman Xu Heyi said in an interview Saturday on the sidelines of the Chinese People’s Political Consultative Conference in Beijing. Such a reversal of fortunes for the Beijing-based automaker’s money-losing… Continue reading BAIC Chairman Sees Swing to Profit in 2019 on Brands Like Senova
Dana Wins Contract to Supply All-Wheel-Drive Axle for New Volkswagen Crafter Van
BIRMINGHAM, England, March 5, 2018 /PRNewswire/ — Dana Incorporated (NYSE: DAN) is supplying its Spicer® AdvanTEK® M180 all-wheel-drive axle to the new, award-winning Volkswagen Crafter 4 Motion panel van. The axle – manufactured at Dana’s Birmingham, England, facility – provides exceptional reliability, durability, comfort, and efficiency in a compact design to meet stringent performance requirements throughout… Continue reading Dana Wins Contract to Supply All-Wheel-Drive Axle for New Volkswagen Crafter Van
News Release – First-Ever All-Electric Jaguar Unveiled at Magna
Please click HERE for a PDF version of the release. World premiere of the Jaguar I-PACE Magna is only contract manufacturer that can build vehicles across a range of propulsion systems Second Jaguar model that will be built by Magna GRAZ, Austria, March 02, 2018 — Magna’s complete vehicle manufacturing facility in Graz, Austria, hosted… Continue reading News Release – First-Ever All-Electric Jaguar Unveiled at Magna