Tag: Financial Results

Uber CEO plans to ‘invest aggressively’ to compete with rivals Southeast Asia

Uber CEO Dara Khosrowshahi has distanced the company from reports that it might exit Southeast Asia and India. Currently in India on his maiden visit to Asia as Uber boss, Khosrowshahi told an audience that the company plans to continue to invest in Southeast Asia, where Uber has slipped behind Grab and Indonesia-based Go-Jek. “We expect to… Continue reading Uber CEO plans to ‘invest aggressively’ to compete with rivals Southeast Asia

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

Volvo launches new V60 versatile family estate

Volvo launches new V60 versatile family estate   Volvo Cars, the premium car maker, today revealed the new V60 five-door, mid-size premium estate, underlining the Swedish company’s position as a maker of cars that combine good looks with everyday practicality.   The car was launched in its natural habitat – the driveway of a family… Continue reading Volvo launches new V60 versatile family estate

Avis steers into crowded field for managing ride services fleets

By Nick Carey DETROIT, – When Avis Budget Group Inc reports its results on Wednesday, executives under pressure from restive shareholders will likely point to the potential for profits from managing fleets of vehicles for ride services and robo-taxi companies. Avis, however, won’t be alone in chasing revenue from the same ride service companies that… Continue reading Avis steers into crowded field for managing ride services fleets

Delphi Technologies reports fourth quarter and full year 2017 financial results

LONDON, Feb. 21, 2018 /PRNewswire/ — Delphi Technologies PLC (NYSE: DLPH), a global leader in vehicle propulsion, today reported fourth quarter 2017 U.S. GAAP earnings of $0.63 per diluted share. Excluding special items, fourth quarter earnings totaled $1.24 per diluted share. The Company also reported revenue of $1.3 billion for the quarter and $4.8 billion for… Continue reading Delphi Technologies reports fourth quarter and full year 2017 financial results

Electric car: Toyota reduces its need for rare earths

They have no intention of doing the same as others. After putting a lot of weight on the (successful) deployment of hybrid vehicles and the (future) deployment of hydrogen cars, Toyota has finally launched itself into the current race for 100% electric vehicles. But the Japanese manufacturer wants to do it with his sauce –… Continue reading Electric car: Toyota reduces its need for rare earths

MBE2—a global revolution in ethanol production by MAHLE

 The latest in fuels The use of biofuels in internal combustion engines is an important alternative to significantly reduce CO2 emissions—one of the gases responsible for the greenhouse effect. Ethanol is thus used in countries all over the world as a strategic fuel. In Brazil and the U.S., for example, a large fleet of vehicles… Continue reading MBE2—a global revolution in ethanol production by MAHLE

Top Automotive Industry News for Week of February 12 – February 18, 2017

Here is the most important news associated with the automotive industry identified by the SEA for the week February 12, 2018 – February 18, 2018. We hope it helps you stay up to speed on the key developments in our industry: -AEA Membership News- The 2018 NADA AEA Member Reception is coming soon! The next… Continue reading Top Automotive Industry News for Week of February 12 – February 18, 2017

Carlos Ghosn: ‘We’re probably the only carmaker who’s starting to make money selling electric cars’

The auto alliance between Renault, Nissan and Mitsubishi is probably the most advanced and profitable carmaker when it comes to producing electric cars, the company’s CEO told CNBC Friday. The alliance, which started work on electrification back in 2008, announced September that it is going to produce 12 new electric cars within the next five… Continue reading Carlos Ghosn: ‘We’re probably the only carmaker who’s starting to make money selling electric cars’