AUBURN HILLS, Mich., July 20, 2018 /PRNewswire/ — in €m H1 2017* H1 2018 Change Sales 8,545.2 8,991.3 +10.9%** Operating income 582.7 647.2 +11.1% as % of sales 6.8% 7.2% +40bps Net income, Group share 310.4 342.0 +10.2% Net cash flow 210.5 247.0 +17.3% Net debt at the end of the period 413.8 465.2 +12.4%… Continue reading Faurecia Announces First-Half 2018 Results
Tag: Financial Results
Second charge mortgage new business stable in Q1 2018
11 May 2018
New figures released today by the Finance & Leasing Association (FLA) show that second charge mortgage new business fell 10% by value and 13% by volume in March, compared with the same month in 2017. In Q1 2018 as a whole, new business increased 1% by volume compared with the same quarter in 2017.
Fiona Hoyle, Head of Consumer and Mortgage Finance at the FLA, said:
“March was a quieter month for the consumer credit markets in general. These latest figures show a stable picture for new business volumes in the first quarter overall.”
Table 1: New second charge mortgage lending
Mar 2018
% change on prev. year
3 months to Mar 2018
% change on prev. year
12 months to Mar 2018
% change on prev. year
Value of new business (£m)
86
-10
244
0
1,023
+15
Number of new agreements (No.)
1,826
-13
5,213
+1
22,007
+11
Note to editors:
FLA members in the consumer finance sector include banks, credit card providers, store card providers, second-charge mortgage lenders, motor finance providers, personal loan and instalment credit providers.In 2017, FLA members provided £128 billion of new finance to UK businesses and households. £96 billion of this was in the form of consumer credit, representing over a third of total new consumer credit written in the UK in 2017.For media enquiries, please contact the FLA press office on 020 7420 9656.
Aptiv Announces Dividend
GILLINGHAM, England, Dec. 7, 2017 /PRNewswire/ — Aptiv PLC (NYSE: APTV), a technology company that develops safer, greener and more connected solutions for its global customers, today announced that its Board of Directors declared a quarterly cash dividend of $0.22 per ordinary share, or $0.88 per ordinary share annualized. The dividend is payable on February 14, 2018, to… Continue reading Aptiv Announces Dividend
China’s Uber-Like Trucking Unicorns Merge As Sharing Economy Consolidates
After years of explosive growth, China’s vast sharing economy is entering consolidation mode. The latest merger news comes from Chinese Uber-like truck logistics leaders Yumanman and Huochebang, both valued at US$1 billion on China Money Network’s China Unicorn Ranking. The deal may herald more mega-mergers in the sharing space due to intense competition and overlapping business… Continue reading China’s Uber-Like Trucking Unicorns Merge As Sharing Economy Consolidates
Second charge mortgage repossessions fall by 26%
9 November 2017
New figures released today by the Finance & Leasing Association (FLA) show that the number of second charge mortgage repossessions in Q3 2017 was 23, 25.8% lower than in the same quarter in 2016.
The annual rate of second charge mortgage repossessions as a percentage of average outstanding agreements at the end of Q3 2017 was 0.06%, down from 0.07% at the same time in 2016.
Commenting on the figures, Fiona Hoyle, Head of Consumer and Mortgage Finance at the FLA, said:
“The fall in second charge mortgage repossessions in Q3 further demonstrates lenders’ commitment to helping customers in financial difficulty.
“The number of repossessions in 2017 as a whole is expected to be at a similar level, or slightly lower, than in 2016.”
Table 1: The number of actual properties taken into possession by FLA second charge mortgage providers1
Time period
Number of possessions in the quarter
% change on the same quarter in the previous year
Annual total
% change on the previous year
2008 Total
2009 Total
2010 Total
2011 Total
2012 Total
2013 Total
Q1 2014
Q2 2014
Q3 2014
Q4 2014
Q1 2015
Q2 2015
Q3 2015
Q4 2015
Q1 2016
Q2 2016
Q3 2016
Q4 2016
Q1 2017
Q2 2017
Q3 2017
128
133
107
79
72
67
56
33
34
40
31
39
17
36
23
-43.4%
-27.3%
-25.7%
-35.8%
-43.8%
-49.6%
-47.7%
-58.2%
-52.8%
-40.3%
-44.6%
18.2%
-50.0%
-10.0%
-25.8%
1,612
1,467
864
827
6282
676
447
228
144
-9.0%
-41.1%
-4.3%
-24.1%2
7.6%2
-33.9%
-49.0%
-36.8%
Possession proceedings arising from FLA members’ second charge mortgage books, which have led to actual possession by the second mortgage provider.There were changes to the sample in Q1 2012 and Q1 2013 due to changes in FLA membership.Notes to Editors
FLA members in the consumer finance sector include banks, credit card providers, store card providers, second-charge mortgage lenders, motor finance providers, personal loan and instalment credit providers.In 2016, FLA members provided £118 billion of new finance to UK businesses and households. £88 billion of this was in the form of consumer credit, representing over a third of total new consumer credit written in the UK in 2016.
FAURECIA : Strong organic* growth at +10.7% in Q3 ; Increased outperformance vs. automotive production of 870bps in Q3 ; FY 2017 guidance confirmed
www.faurecia.com.A conference call for financial analysts and media will be held today at 6:30 pm (Paris time). It can also be followed on the Faurecia website (www.faurecia.com)Dial in numbers for the conference call:· France +33(0)1 76 77 22 28· UK +44(0)20 3427 0503· USA +1 646 254 3367Access code: 9333749CalendarJanuary 7-12, 2018: First… Continue reading FAURECIA : Strong organic* growth at +10.7% in Q3 ; Increased outperformance vs. automotive production of 870bps in Q3 ; FY 2017 guidance confirmed
“Unannounced exam” at BMW
In the course of the cartel allegations against the German auto industry uncovered by SPIEGEL, auditors of the EU Commission have made representations to BMW. Meanwhile, Daimler admitted that it had applied for leniency. The headquarters of the car manufacturer BMW in Munich. Friday, 20.10.2017 18:22 clock In the case of a suspected cartel against… Continue reading “Unannounced exam” at BMW
2019 BMW X5 (G05) Coming Next Summer, Launching In Q3 2018
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2019 BMW X5 (G05) Coming Next Summer, Launching In Q3 2018
14 Nov 2017, 10:11 UTC · by Mircea Panait
/ Home / News / Car Profile
The X5 is one of the most successful members of the BMW lineup, with the mid-size sport utility vehicle being popular in Europe and the United States alike. Now in its third generation, the X5 prepares to make way for the fourth-generation model in the guise of the G05 X5. According to the latest reports, the newcomer should be presented in the summer of 2018.
31 photosWhat that means is, the F15 X5 won’t live to see the Life Cycle Impulse. And in turn, what that means is that the F15 X5 boasts one of the fastest turnarounds in recent memory for the BMW Group. But then again, it’d be foolish for the Bavarian automaker to milk out the current model as the X3 got overhauled from the ground up and the X7 is right around the corner. The question is, what is there to expect from the G05 X5?
First things first, the modular platform BMW calls CLAR serves as the backbone of the mid-size SUV. Wider and longer than the F15, the G05 will drop a few pounds compared to its predecessor, thus helping with both gas mileage and handling. Engine-wise, nothing much will change from the current model when it comes to the number of cylinders and number of gears in the ZF-sourced transmission. From a four-cylinder turbo displacing 2.0 liters in the xDrive40e plug-in hybrid to the 4.4L twin-turbo V8 in the X5 M, diversity is the name of the game.
From a design standpoint, the G05 X5 borrows styling from the latest-generation X3 and the Concept X7 iPerformance. The upright fascia is complemented by larger kidney grilles, while the roofline and quarter panels at the rear give the next-gen X5 a more hunkered-down stance.
BMW is already testing pre-production prototypes of the G05 at the Nurburgring and on the public roads, so here’s hope the newcomer touches down in the summer of 2018. According to BMW Blog, the current-generation X5 is scheduled to end production at the Spartanburg plant “in July 2018.”
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