Tag: Financial Results

Almost 80,000 Customers Expressed ‘Keen Interest’ In MINI Electric

MINI Electric might actually sell better than one would expect based solely on the specs. By the way of discussion of the third-quarter results, BMW Group revealed that the MINI brand already reports strong interest in its first production all-electric car, the MINI Cooper SE (aka MINI Electric). So far more than 78,000 customers have expressed… Continue reading Almost 80,000 Customers Expressed ‘Keen Interest’ In MINI Electric

Uber relies on autonomous driving

Malik Gupta gave the Handelsblatt an interview, which also discussed the topic of autonomous driving. Opposite the Handelsblatt gave Mr. Gupta of About that the Autonomous driving would be a high priority for Uber. This seems logical, because with the omission of the travelers you can save a lot of money and known, Uber still… Continue reading Uber relies on autonomous driving

UK Space Agency will provide $9.5 million to Virgin Orbit for Cornwall spaceport

Richard Branson’s small satellite launch company Virgin Orbit announced today that it has secured final approval on a £7.35 million ($9.5 million) grant from the UK Space Agency (UKSA), funds which will be used by Virgin Orbit to help set up its Cornwall-based launch facility. Virgin Orbit has been putting together funding and securing regulatory… Continue reading UK Space Agency will provide $9.5 million to Virgin Orbit for Cornwall spaceport

Uber is entering the ads business

Uber will become an ad platform, selling space inside its Eats app to restaurants hoping to lure in more food delivery orders. A recent Uber job listing spotted by TechCrunch seeks an Uber Eats Ads Lead “to lead the team and efforts responsible for creating a new ads business that enables eaters to discover new… Continue reading Uber is entering the ads business

Uber shares fall to record low as stock lock-up expires

(Reuters) – Uber Technologies Inc (UBER.N) fell as much as 9% to a record low on Wednesday after shares held by early investors became available for sale following a six-month restriction since the ride-hailing company’s initial public offering. FILE PHOTO: Uber’s logo is displayed on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah… Continue reading Uber shares fall to record low as stock lock-up expires

£60m investment to transform Michelin site

Dundee’s Michelin site has received a £60m funding commitment to turn the former plant into an innovation centre. The new centre will focus on sustainable mobility, clean transport and low carbon energy. Tyre manufacturer Michelin told the factory’s workers last year that it would close the plant with the loss of all 845 jobs in… Continue reading £60m investment to transform Michelin site

November 5Suzuki Announces Financial Results for FY2019 Second Quarter (April 2019 to September 2019)

5 November 2019 Suzuki Announces Financial Results for FY2019 Second Quarter(April 2019 to September 2019) – Decreased net sales and income owing to the impact of decrease in Japan production due to restructuring of final inspection structure, as well as slowdown in the Indian automobile market 1. Outline of Financial Results for FY2019 Second Quarter… Continue reading November 5Suzuki Announces Financial Results for FY2019 Second Quarter (April 2019 to September 2019)

Statement Dr Nicolas Peter, Member of the Board of Management of BMW AG, Finance, Conference Call Quarterly Report to 30 September 2019

Ladies and Gentlemen, Good morning! In the first nine months of the year, business development has so far met our expectations. In the third quarter, all segments are on course for growth, as planned. As expected, our financial figures have improved from quarter to quarter throughout the year. In a challenging and extremely volatile business… Continue reading Statement Dr Nicolas Peter, Member of the Board of Management of BMW AG, Finance, Conference Call Quarterly Report to 30 September 2019

Statement Oliver Zipse, Chairman of the Board of Management of BMW AG, Conference Call Quarterly Report to 30 September 2019

Good morning, Ladies and Gentlemen! In recent years, much has been written about how car manufacturers need to change their business model. What people don’t talk about enough is the fact that the real transformation is taking place in the vehicle itself. That is where the real challenge lies. The car is a highly complex… Continue reading Statement Oliver Zipse, Chairman of the Board of Management of BMW AG, Conference Call Quarterly Report to 30 September 2019