(Reuters) – French car parts group Faurecia, which sealed its takeover of Germany’s Hella in early February, on Monday forecast a rise in annual sales, as it expects semiconductor shortages to ease from the second half of 2022. Faurecia now sees full-year sales of 17.5 billion to 18 billion euros ($19.89 billion to $20.45 billion),… Continue reading French auto supplier Faurecia sees higher sales in 2022
Tag: Financial Results
Q&A: AutoNation CEO sees vehicle prices moderating this year – WRAL News
By TOM KRISHER, AP Auto Writer DETROIT — Prices of new and used automobiles are staggeringly high, and that’s partly responsible for strong earnings last year by AutoNation, the country’s largest dealership group. Mike Manley, CEO of the Fort Lauderdale, Florida, company, said used-vehicle prices are starting to ease a bit, but he doesn’t think… Continue reading Q&A: AutoNation CEO sees vehicle prices moderating this year – WRAL News
German Manager Magazin: Luca de Meo drives Renault into the black001547
Almost exactly a year ago, the new one explained Renault-Boss Luca de Meo (54) in an interview with manager magazin, how he wants to get the battered French car icon moving again. Looking ahead to 2021, one can say: de Meo achieved his goal last year. The carmaker returned to profitability in 2021 and even… Continue reading German Manager Magazin: Luca de Meo drives Renault into the black001547
Business and Financial Results for Fiscal 2021
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Renault Group aims to be 100 percent EV brand in Europe by 2030
The Renault Group’s 2021 financial results have been ahead of target and the group is upbeat about the 2022 outlook. In an environment still impacted by the semiconductor crisis, particularly in the first half of 2022 and by the increase of raw materials prices, the Group is aiming to achieve operating margin of 4 percent… Continue reading Renault Group aims to be 100 percent EV brand in Europe by 2030
German Handelsblatt: Chip crisis: Layers off for the time being only in the VW plant in Wolfsburg003784
Wolfsburg Due to the drop in production caused by the chip crisis, Volkswagen is not planning any further cuts in shifts outside the Wolfsburg main plant for the time being – but the works council is continuing to put pressure on improved chip purchasing. “We had to phase out temporary work at almost all locations… Continue reading German Handelsblatt: Chip crisis: Layers off for the time being only in the VW plant in Wolfsburg003784
Renault-Nissan “Small And Fragile,” Ex-CEO Carlos Ghosn Says – Motor1
In an official press conference held this morning, Renault announced its financial results for 2021. The French company returned to profitability last year and also announced several new all-electric vehicles for the next three years. It seems that the automaker is running like a well-oiled machine, but its former CEO Carlos Ghosn sees things very… Continue reading Renault-Nissan “Small And Fragile,” Ex-CEO Carlos Ghosn Says – Motor1
Tesla Reports Record Profit but Warns of Supply Problems
Tesla said Wednesday that its profit leapt more than sixfold last year to $5.5 billion, the highest total in its 19-year history, as sales soared further, especially in Europe and China. But the automaker warned that supply chain troubles stemming from the pandemic would again constrain production through this year. “Our own factories have been… Continue reading Tesla Reports Record Profit but Warns of Supply Problems
Veoneer publishes 2021 Annual and Sustainability Reports
STOCKHOLM, Feb. 18, 2022 /PRNewswire/ — The automotive technology company Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB), has filed its 2021 Annual Report on Form 10-K with the Securities and Exchange Commission (SEC). The 2021 Annual Report on Form 10-K is available at the SEC Edgar website: www.sec.gov and on Veoneer’s web site veoneer.com.… Continue reading Veoneer publishes 2021 Annual and Sustainability Reports
@niche: Xos, Inc. Announces Strategic Dealership Agreements with MHC001653
LOS ANGELES, Feb. 17, 2022 (GLOBE NEWSWIRE) — Xos, Inc. (NASDAQ: XOS), a leading manufacturer of Class 5 through Class 8 battery electric vehicles and powertrains, and provider of charging infrastructure and fleet management software, announced today it has entered into dealership agreements with MHC Xos, LLC (“MHC Xos”), a subsidiary of Murphy-Hoffman Company, LLC… Continue reading @niche: Xos, Inc. Announces Strategic Dealership Agreements with MHC001653