LISLE, Ill., March 8, 2018 /PRNewswire/ — Navistar International Corporation (NYSE: NAV) today announced a first quarter 2018 net loss of $73 million, or $0.74 per diluted share, compared to a first quarter 2017 net loss of $62 million, or $0.76 per diluted share. First quarter 2018 results included $46 million of charges as a result… Continue reading Navistar Reports First Quarter 2018 Results
Tag: Financial Results
Strong Growth and Excellent Financial Position
Targets surpassed – Continental enjoyed strong growth and profitability in fiscal 2017 Sales were up 8.5 percent at €44 billion with an adjusted EBIT margin of 10.9 percent Net income increased to €3 billion and earnings up to €14.92 per share Executive Board to propose a dividend increase of 25 cents to €4.50 per share… Continue reading Strong Growth and Excellent Financial Position
The Zenvo TSR-S Blurs The Line Between Racer And Street Machine
The TSR-S is a street legal version of the TSR – hence the ’S’ in the model name. Featuring an innovative and striking new active multi-axis Centripetal Wing and an in-house developed twin supercharged V8 engine, production of the TSR-S is now underway within Zenvo’s limited production of just five cars a year. Setting the… Continue reading The Zenvo TSR-S Blurs The Line Between Racer And Street Machine
First Ferrari production hybrid model due in mid-2019
The first Ferrari series production hybrid is due in 18 months The hybrid engine could appear in Ferrari’s forthcoming SUV Ferrari’s first production series hybrid will launch in 18 months’ time, company boss Sergio Marchionne has confirmed. The Italian firm already has hybrid test mules running that feature a V8 hybrid powertrain, said Marchionne. It will… Continue reading First Ferrari production hybrid model due in mid-2019
Ferrari V8 hybrid to launch in 2019, possibly powering Ferrari’s SUV
Ferrari looks set to upset purists and win new fans with the introduction of a hybrid powertrain next year, according to company boss Sergio Marchionne. “A Ferrari V8 hybrid is coming for 2019. The test mules are around now” Marchionne confirmed. It’ll be the first series production hybrid after the limited-run LaFerrari hypercar, but it’s… Continue reading Ferrari V8 hybrid to launch in 2019, possibly powering Ferrari’s SUV
UPDATE 2-Diesel collapse gives automakers carbon headache
GENEVA (Reuters) – The accelerating demise of diesel, long used by carmakers to boost fuel-efficiency, is undermining their plans to meet looming European Union CO2 goals and avoid big annual fines. The BMW M8 is seen during a presentation at the 88th International Motor Show at Palexpo in Geneva, Switzerland, March 6, 2018. REUTERS/Pierre Albouy… Continue reading UPDATE 2-Diesel collapse gives automakers carbon headache
Stoneacre buys Platts Garage in Stafford
Stoneacre Motor Group has bought Platts Garage in Stafford, representing Fiat, Dacia, Renault and Kia. Platts has been located on the same site in Lightwood Rd, Longton since 1938 when it was known as Peppers Garage. It was awarded the Fiat franchise in 1946 and billed itself as the longest established Fiat franchise in the UK.… Continue reading Stoneacre buys Platts Garage in Stafford
Zetsche agrees with shareholders on falling profits
The transformation of the car industry will cost Daimler a lot of energy. CEO Zetsche refuses at the Annual General Meeting because of the great cheers on the record numbers for 2017 – and prefers to point out the dangers. Daimler CEO Dieter Zetsche Thursday, 05.04.2018 16:14 clock Even the recent record numbers at Daimler… Continue reading Zetsche agrees with shareholders on falling profits
Press Releases – EU-US automobile trade and production in context
Geneva, 6 March 2018 – In the margins of the Geneva motor show, the European Automobile Manufacturers’ Association (ACEA) reacts to recent discussions on possible tariffs on EU car imports to the United States by putting the trade relations between the two regions in context. “ACEA’s members are global companies, and international trade is an… Continue reading Press Releases – EU-US automobile trade and production in context
BMW Group reduces CO2 emissions in Europe again
Munich. The BMW Group has reduced CO2 emissions from its new car fleet in Europe (EU 28) to 122 grams/kilometre. Compared to 2016, this marks a reduction of a further 2 gram/kilometre (2016: 124g/km). The BMW Group has been reducing CO2 emissions from its EU fleet for years: since 1995, the average CO2 emissions for new… Continue reading BMW Group reduces CO2 emissions in Europe again