Fourth Quarter 2018 HighlightsRecord fourth quarter sales of $10.1 billion up 5% from the fourth quarter of 2017Cash from operations of $1.6 billionReturned $585 million to shareholders through share repurchases and dividendsRaised quarterly cash dividend by 11% to $0.365 per shareFull Year 2018 HighlightsRecord sales of $40.8 billion, up 12% from 2017Record diluted earnings per… Continue reading Magna Announces Fourth Quarter and 2018 Results and Raises Quarterly Cash Dividend by 11%
Tag: Financial Results
Sales increase, deliveries increase: VW increases profits and dividends
AP Volkswagen AG: Profit 2018 has risen Europe’s largest carmaker Volkswagen has the win in 2018 despite charges Diesel crisis and exhaust scandal increased. The operating result before special items climbed to 17.1 billion euros, as the Wolfsburg announced on Friday after a Supervisory Board meeting. In the previous year had 17.0 billion book. Analysts… Continue reading Sales increase, deliveries increase: VW increases profits and dividends
Joint mobility company “Share Now”: “Growth is imperative” – Daimler’s alliance with BMW
AFP Together against Uber, Google and Co: BMW boss Harald Krüger and Daimler CEO Dieter Zetsche (r.) In Berlin In the hip Berlin location, there are modern wire furniture, concrete walls and sushi burritos. The automobiles of Daimler and BMW, Dieter Zetsche and Harald Krüger, despite their start-up flair, prefer to wear traditional-blue suits. In… Continue reading Joint mobility company “Share Now”: “Growth is imperative” – Daimler’s alliance with BMW
EQC on Ice: Electric on ice: winter trials of the EQC
(combined power consumption: 22.2 kWh/100 km; combined CO2 emissions: 0 g/km*, provisional figures) Endurance tests around the globe Shortly before its market launch, the EQC (combined power consumption: 22.2 kWh/100 km; combined CO2 emissions: 0 g/km, provisional figures)[1] is undergoing final tests in Sweden’s snowy landscapes. During these further winter trials in Arjeplog, Sweden, the engineers… Continue reading EQC on Ice: Electric on ice: winter trials of the EQC
AutoNation names new CEO as slowing auto sales hit results
(Reuters) – AutoNation Inc said on Friday it has chosen insurance and financial services executive Carl Liebert to succeed longtime Chief Executive Officer Mike Jackson and lead the largest U.S. auto dealership chain at a challenging time, when the domestic vehicle market has been slowing. Vehicles for sale are pictured on the lot at AutoNation… Continue reading AutoNation names new CEO as slowing auto sales hit results
Volkswagen takes the shock of the “dieselgate”
Dieselgate has limited impact on Volkswagen Group accounts (Volkswagen, Audi, Seat, Porsche …). For the year 2018, the German giant of the automobile displays a turnover 235.8 billion euros, up 6 billion year-on-year. Especially, his operating profit finally proved stable at € 13.9 billion (+ 0.7%). And this, taking into account a charge of 3.2… Continue reading Volkswagen takes the shock of the “dieselgate”
Volkswagen Group brings 2018 to successful close
The Volkswagen Group has brought the 2018 fiscal year to a successful conclusion. Based on sales revenue of EUR 235.8 billion – a rise of EUR 6.3 billion – the operating profit before special items of EUR 17.1 (17.0) billion was on a level with the previous year. At 7.3 percent (7.4 percent), the operating… Continue reading Volkswagen Group brings 2018 to successful close
Car manufacturer: Volkswagen shines with billions in profits – but has new construction sites
Volkswagen The group made a profit of 17.1 billion euros last year. (Photo: AP) WolfsburgEmpassed corporations from the automotive industry have in recent months attracted attention with negative headlines, Profit warnings at Daimler and BMWbut also with large suppliers like Continental worried the financial markets. Volkswagen is a different story: after a stable financial year,… Continue reading Car manufacturer: Volkswagen shines with billions in profits – but has new construction sites
Inside Tesla’s solar energy astroturfing
Tesla has been masking its lobbying efforts on solar panels and battery storage through the Energy Freedom Coalition of America, a trade association that is little more than a front for the automaker and alternative energy company, public documents suggest. SolarCity, which Tesla bought in 2016, began the practice of using the EFCA to promote… Continue reading Inside Tesla’s solar energy astroturfing
Car maker: Volkswagen beats better than its competitors – profit and dividend rise
Volkswagen The group made a profit of 17.1 billion euros last year. (Photo: AP) WolfsburgDer Volkswagen Group has increased its profit slightly in the past year. The operating result before special items amounted to 17.1 billion euros, as the car maker announced on Friday after a meeting of the Supervisory Board. That was around 100… Continue reading Car maker: Volkswagen beats better than its competitors – profit and dividend rise