ŠKODA delivered 913,700 vehicles in the first nine months of 2019. Compared to the same period last year, deliveries declined by 2.7%, primarily due to the current development of the Chinese car market as a whole. In the other markets, ŠKODA AUTO increased its total deliveries by 4.4% year-on-year to 719,300 vehicles (January to September… Continue reading ŠKODA AUTO increases sales revenue and operating profit in first nine months of 2019
Tag: Financial Results
Mazda reports steady half year European sales
Mazda Motor Corporation today announced its first half financial and sales results, reporting global sales of 731,000 vehicles during the period 1 April to 30 September 2019. The European region grew 2% during the six-month period, selling 121,000 units*. Germany, Mazda’s biggest market in Europe, contributed 34,000 units to this result (+3%), while sales in… Continue reading Mazda reports steady half year European sales
2019 3Q Business Results (Tentative)
HYUNDAI MOTOR COMPANY (HMC) Corporate Disclosure to Korea Exchange Disclosure title : Q3 2019 Business Results (Tentative) * Below figures are tentative results and may differ from final confirmed numbers. 1. K-IFRS Consolidated Business Results Unit : KRW million Q3 2019 Q2… Continue reading 2019 3Q Business Results (Tentative)
Edited Transcript of BWA earnings conference call or presentation 31-Oct-19 1:30pm GMT
Q3 2019 BorgWarner Inc Earnings Call Auburn Hills Nov 2, 2019 (Thomson StreetEvents) — Edited Transcript of BorgWarner Inc earnings conference call or presentation Thursday, October 31, 2019 at 1:30:00pm GMT TEXT version of Transcript ================================================================================ Corporate Participants ================================================================================ * Frédéric B. Lissalde BorgWarner, Inc. – President, CEO & Director * Kevin A. Nowlan BorgWarner,… Continue reading Edited Transcript of BWA earnings conference call or presentation 31-Oct-19 1:30pm GMT
PSA-Fiat Chrysler: a belly dance that lasted for months
Code names: “Stella” for PSA, “Paris” for Fiat Chrysler. The Announcements announced Thursday In the early morning, there was serious backstage since the beginning of October. It was at this point that the two groups, who had been looking around for months – if not years – foresaw that the possibility of a “deal” was… Continue reading PSA-Fiat Chrysler: a belly dance that lasted for months
UAW-Ford deal follows wage, health care pattern set by GM
The United Auto Workers’ tentative agreement with Ford Motor Co. closely follows the pattern set by General Motors Co. in wage increases, lump-sum bonuses, maintained health care benefits and pathways for temporary and in-progression employees to earn top wages. UAW local leaders on Friday voted to send the agreement to its 55,000-plus members for a ratification vote.… Continue reading UAW-Ford deal follows wage, health care pattern set by GM
CORRECTED-Waymo tests ‘rider only’ service and looks beyond robo-taxis
(This October 28 story corrects to remove erroneous reference in paragraph 6 to regulations preventing the use of autonomous trucks) FILE PHOTO: A Jaguar I-PACE self-driving car is pictured during its unveiling by Waymo in the Manhattan borough of New York City, U.S., March 27, 2018. REUTERS/Brendan McDermid/File Photo DETROIT (Reuters) – Waymo Chief Executive… Continue reading CORRECTED-Waymo tests ‘rider only’ service and looks beyond robo-taxis
Factbox: GM strike sends ripples across auto parts suppliers
(Reuters) – Several auto parts makers and suppliers have lowered their full-year forecasts and disclosed hits to quarterly earnings from the 40-day strike at No.1 U.S. carmaker General Motors (GM.N). FILE PHOTO: A union strike sign is stuck in the fence outside the General Motors Flint Truck Assembly in Flint, Michigan, U.S., October 9, 2019.… Continue reading Factbox: GM strike sends ripples across auto parts suppliers
Peugeot’s turnaround driver, Tavares, faces his biggest challenge
Tavares has stoked competition among Peugeot and former Opel factories to push workers to cut costs. PARIS – Carlos Tavares, a former Renault star credited with reviving the company’s French rival Peugeot SA , has long shone as a restructurer-in-chief, staring down unions and slicing down bureaucracies. Now the 61-year-old Portuguese car fanatic and weekend… Continue reading Peugeot’s turnaround driver, Tavares, faces his biggest challenge
Mazda braces for 30% FY profit drop on falling car sales in US, China: Nikkei
Mazda Motor Corp is facing a drop in annual profit of about 30 per cent as the Japanese automaker struggles with falling sales in the United States and China, its biggest markets, the Nikkei newspaper reported on Friday.The updated forecast would be almost half the automaker’s previous profit forecast of 110 billion yen.Demand for Mazda vehicles including the Mazda3 sedan and the CX-5 SUV crossover has slumped since the company posted record annual sales of about 1.6 million vehicles in the 2018 financial year.