Tag: Financial Results

Ford GT output lags; Multimatic vows to fill all orders

A 2018 Ford GT 1967 Heritage Edition at the Los Angeles auto show in Nov. 2017. Photo credit: BLOOMBERG Multimatic Inc., the Canadian supplier that builds the Ford GT, hit only 55 percent of its production target for the 2017 model year, although it still plans to complete every order for the $450,000 supercar. The… Continue reading Ford GT output lags; Multimatic vows to fill all orders

BAIC Group announces R11-billion SA plant set to go live in 2018 Q4 – Job boost for locals, vehicle production to begin

Automaker BAIC Group today announced the completion of the critical construction and equipment installation milestones for Phase 1 of the historic R11billion investment which was announced in 2016. At a special milestone event hosted today (Tuesday, 24 July 2018), BAIC announced the completion of the semi-knocked-down (SKD) line and satisfactory progress on construction work streams of… Continue reading BAIC Group announces R11-billion SA plant set to go live in 2018 Q4 – Job boost for locals, vehicle production to begin

Mitsubishi Motors Reports First-Quarter Financial Results for FY2018

Tokyo, July 24, 2018 – Mitsubishi Motors Corporation (MMC) today announced first-quarter financial results for Fiscal Year 2018 ended March 31, 2019 (1Q/FY2018).     1. 1Q/FY2018 Financial Results Highlights Mitsubishi Motors reported net sales for 1Q/FY2018, up 27.0% year-on-year to 560.0 billion yen. Operating profit rose from 20.6 billion yen in the same period… Continue reading Mitsubishi Motors Reports First-Quarter Financial Results for FY2018

Tata Motors renews talks to sell stake in engineering unit

July 23, 2018 Tata Motors Ltd., the owner of Jaguar Land Rover, has restarted talks on the sale of a stake in its engineering unit just months after a deal with Warburg Pincus was called off, people with knowledge of the matter said. The carmaker has started preliminary discussions with a private equity firm that… Continue reading Tata Motors renews talks to sell stake in engineering unit

You’ll never guess what the new Ford Fusion looks like

2019 Ford Fusion sedan (Photo: Ford Motor Company) Ford plans to get rid of the traditional Fusion sedan in favor of a longer, taller and more brawny version. The new design, which has no scheduled release date, is intended to capture buyers who drive the Subaru Outback wagon and maybe even the BMW 5 Series… Continue reading You’ll never guess what the new Ford Fusion looks like

2018 HALF YEAR RESULTS

Faurecia announces a double-digit growth in sales** and operating income in the first half of 2018. Full year guidance is upgraded. in €m H1 2017* H1 2018 Change Sales 8,545.2 8,991.3 +10.9%** Operating income 582.7 647.2 +11.1% as % of sales 6.8% 7.2% +40bps Net income, Group share 310.4 342.0 +10.2% Net cash flow 210.5… Continue reading 2018 HALF YEAR RESULTS

Robot Truck Upstart Embark Hauls In $30 Million To Take On Waymo And Uber

Embark co-founders Alex Rodrigues, left, and Brandon Moak with their fleet of autonomous semi-trucks at the startup’s operations center in Ontario, California. Embark Trucks What makes a couple of brash 22-year-old entrepreneurs think they can take on Waymo, the clear leader in self-driving vehicle technology, when it comes to putting autonomous trucks on the road? … Continue reading Robot Truck Upstart Embark Hauls In $30 Million To Take On Waymo And Uber

Response to Trump’s trade war with China: Volvo is shifting SUV production from China to Europe

All articles and backgrounds 07/19/2018 Response to Trump’s trade war with China Volvo is shifting SUV production from China to Europe Volvo Volvo XC 60: Models planned for the US run in the future from Europe in Europe – no longer in China The Swedish-Chinese car manufacturer Volvo reacts quickly to the trade dispute between… Continue reading Response to Trump’s trade war with China: Volvo is shifting SUV production from China to Europe