Continental AG is in exploratory talks with advisers on what could amount to its biggest-ever overhaul and a possible breakup of the German auto-parts supplier, according to people familiar with the matter. Under scenarios being discussed, Continental could create a holding company for its divisions and then list shares of the more profitable units, such… Continue reading Continental Considers Major Overhaul and Possible Breakup
Tag: Financial Results
SEAT closes 2017 with 185 more employees
2017 was a very positive year for job creation at SEAT. In the past 12 months, the SEAT Group workforce has grown by a total of 185 employees, mainly for the production lines at the Martorell factory and for strategic projects related with car connectivity and the company’s digitisation, as well as for the large… Continue reading SEAT closes 2017 with 185 more employees
Aston Martin Seeks $6.8 Billion Value in Potential IPO
Aston Martin is targeting a valuation of as much as 5 billion pounds ($6.8 billion) in a potential initial public offering of the British sports car maker, according to people familiar with the matter. The manufacturer has held preliminary talks with advisers about a valuation including debt that would put it on par with Ferrari NV,… Continue reading Aston Martin Seeks $6.8 Billion Value in Potential IPO
Fiat Chrysler boosted by Jeep growth expectations
MILAN (Reuters) – Fiat Chrysler (FCHA.MI)(FCA) shares hit a record high on Monday on growing expectations that the carmaker’s coveted Jeep brand will unlock even greater value this year. The stock jumped more than 20 percent last week on a bullish outlook for the auto sector and media speculation that Chief Executive Sergio Marchionne’s final… Continue reading Fiat Chrysler boosted by Jeep growth expectations
Aptiv to Discuss 2017 Q4 Earnings February 1
GILLINGHAM, England, Jan. 8, 2018 /PRNewswire/ — Aptiv PLC (NYSE: APTV) will release its fourth quarter 2017 financial results on Feb. 1 and will hold an investor call the same day at 8:30 a.m. (ET). The call will be hosted by Aptiv’s President and Chief Executive Officer, Kevin Clark and Chief Financial Officer and Senior… Continue reading Aptiv to Discuss 2017 Q4 Earnings February 1
Cadillac Is Said to Ready Small SUV to Jumpstart Weak U.S. Sales
General Motors Co. is gearing up one of its car plants to build a new Cadillac crossover with hopes of reversing the luxury brand’s sales slump in the U.S., according to people familiar with the matter. The automaker has begun building test versions of the Cadillac XT4 at its assembly plant in Kansas City, said… Continue reading Cadillac Is Said to Ready Small SUV to Jumpstart Weak U.S. Sales
Aston Martin delivers record sales growth in 2017
Group upgrades full-year profit guidance as retail volumes rise 58% to more than 5,100 Strong demand for DB11 model lifts retail sales 58% year-on-year Unit sales exceed 5,000 for first time since 2008 Manufacturing at a nine-year high Group expects to exceed full-year EBITDA guidance of at least £180 million on revenues of more than… Continue reading Aston Martin delivers record sales growth in 2017
So Volkswagen is to be rebuilt
Volkswagen is facing a far-reaching transformation: around one fifth of the business is to be sold – in order to save costs. Employee representatives announce resistance. Friday, 08.09.2017 18:04 clock A few days before the start of the Frankfurt Motor Show IAA Volkswagen CEO Matthias Müller makes the car world sit up and take notice:… Continue reading So Volkswagen is to be rebuilt
Mercedes-Benz India sells record 15,330 units in 2017 (+16%)
The Long Wheelbase E-Class has been a significant contributor to Mercedes-Benz India’s sales in 2017. MD and CEO Roland Folger seen at the car’s launch on February 28, 2017. Mercedes-Benz India, the largest luxury car brand in the country, has announced record sales of highest ever yearly, half-yearly and also Q4 sales in 2017. By… Continue reading Mercedes-Benz India sells record 15,330 units in 2017 (+16%)
NVIDIA and Aurora Collaborate to Build Next-Generation Autonomous Vehicle Compute Platform
CES — NVIDIA and Aurora today announced that they are working together to create a new Level 4 and Level 5 self-driving hardware platform that will use the NVIDIA DRIVE Xavier™ processor. At the opening press conference of CES 2018, NVIDIA founder and CEO Jensen Huang disclosed that NVIDIA’s automotive team is working with Aurora to bring… Continue reading NVIDIA and Aurora Collaborate to Build Next-Generation Autonomous Vehicle Compute Platform