January 16, 2019 , Auburn Hills, Mich. – The Jeep® Cherokee and Jeep Compass captured key awards in recognition of their popularity with diverse customers during the 4th annual Diversity Volume Leadership Awards held in Detroit earlier this week. The awards, sponsored by the National Association of Minority Automobile Dealers and IHS Markit, are presented annually to… Continue reading Jeep® Vehicles Earn Recognition at Diversity Volume Leadership Awards
Tag: Financial Results
Ford sees weaker-than-expected fourth quarter, uncertainty in 2019
DETROIT (Reuters) – Ford Motor Co (F.N) forecast a weaker fourth quarter than analysts expected, and said on Wednesday it faced uncertainty in 2019 due to trade issues and Britain’s exit from the European Union, sending its shares down 2 percent in premarket trading. FILE PHOTO: Workers prepare for the Ford Motor Company 2019 reveal… Continue reading Ford sees weaker-than-expected fourth quarter, uncertainty in 2019
UPDATE 1-Ford forecasts weaker-than-expected fourth quarter profit
FILE PHOTO: Workers prepare for the Ford Motor Company 2019 reveal at the North American International Auto Show in Detroit, Michigan, U.S., January 14, 2019. REUTERS/Jonathan Ernst DETROIT (Reuters) – Ford Motor Co (F.N) on Wednesday offered a fourth-quarter earnings forecast that was below Wall Street’s expectations. The No. 2 U.S. automaker said it could… Continue reading UPDATE 1-Ford forecasts weaker-than-expected fourth quarter profit
Ford forecasts higher 2019 profit
FILE PHOTO: Workers prepare for the Ford Motor Company 2019 reveal at the North American International Auto Show in Detroit, Michigan, U.S., January 14, 2019. REUTERS/Jonathan Ernst DETROIT (Reuters) – Ford Motor Co (F.N) on Wednesday forecast higher profit and revenue in 2019 as global industry sales remain flat. For 2018, the No. 2 U.S.… Continue reading Ford forecasts higher 2019 profit
Straight Eight: BMW Motorrad achieves eighth all-time sales high in succession in 2018.
BMW Motorrad sold more motorcycles and maxi scooters in 2018 than ever before. Compared to the strong previous year, deliveries increased by a further 0.9%. As of December 2018 a total of 165,566 vehicles (previous year 164,153 units) were delivered to customers. Dr. Markus Schramm, Head of BMW Motorrad: “2018 was another very successful year for… Continue reading Straight Eight: BMW Motorrad achieves eighth all-time sales high in succession in 2018.
ZhongAn and Grab Form JV to Create Digital Insurance Marketplace in SE Asia
Hong Kong/Singapore, January 16, 2019 – ZhongAn Online P&C Insurance Co., Ltd. (“ZhongAn” or “ZA Insurance”, HKEX stock code: 6060), the first Internet-based insurer in China, announced today that its subsidiary ZhongAn Technologies International Group Limited (“ZA International”), and Grab Holdings Inc. (“Grab”), Southeast Asia’s leading online-to-offline mobile platform, will establish a joint venture company… Continue reading ZhongAn and Grab Form JV to Create Digital Insurance Marketplace in SE Asia
Goodyear tanks after profit warning, cites weakening environment in China, India
Jie Zhao | Corbis News | Getty Images
An employee works at a tire store in Hefei, China.
Goodyear shares plunged 12 percent after the company announced that fourth-quarter tire unit volumes declined by about 3 percent due to the continued weakening of the environment in China and India.
The company also cited reduced demand in the winter tire market in Europe and supply constraints on volume for high-value-added consumer and commercial truck tires in United States as other reasons for this decline. Earnings also fell in other tire-related businesses including the company's U.S. chemical operations.
Goodyear's net income is expected to be negatively affected by these factors and the company's total segment operating income is expected to be slightly below previous projections of $1.3 billion as well.
Representatives of Goodyear will present these findings at conferences on Jan. 15 and 16 to discuss the company's preliminary performance in 2018. The conferences will be hosted in conjunction with the Detroit Auto Show.
Alliance of car manufacturers: VW and Ford announce alliance for light commercial vehicles
DPA VW boss Herbert Diess, Ford chief Jim Hackett in Detroit: alliance for light commercial vehicles The global alliance of the car company Volkswagen Show stock market chart with the US rival Ford Show stock market chart initially limited to the division of light commercial vehicles. The first concrete step of the cooperation is the… Continue reading Alliance of car manufacturers: VW and Ford announce alliance for light commercial vehicles
Peugeot and Citroen bosses outline mixed performance in 2018
Jackson said the improvements stress the continuing importance of Europe to Citroën’s overall business, and believes the policy of launching a range of new SUV models, most recent of which is the C5 Aircross, is “proof that we are on the right road”. Citroën plans to launch a special collection of centenary models this year and will show… Continue reading Peugeot and Citroen bosses outline mixed performance in 2018
Magna to Build the Toyota GR Supra
“Magna adds new customer and additional sports car to its complete vehicle assembly line-upProduction to begin in early 2019Further demonstrates the company’s unique position in the industryDETROIT, Jan. 15, 2019 (GLOBE NEWSWIRE) — As the global automotive industry convenes at the North American International Auto Show and automakers unveil future vehicles, Magna is proud to… Continue reading Magna to Build the Toyota GR Supra