Experienced manager Uwe Holzer moves to his new role in May Munich. From May 2019, Uwe Holzer will take on the role of Vice President International Corporate and Special Sales at the BMW Group. He brings many years of experience in the automotive industry to the job, having previously led the group of BMW Group… Continue reading New leadership at BMW Group International Corporate and Special Sales
Tag: Financial Results
Heritage Automotive acquires Blade Motor Group and Blade Motorcycles
Heritage Automotive has grown its Volkswagen Group representation and its presence in the motor-cycle sector with the acquisition Blade Motor Group and Blade Motorcycles for an undisclosed sum. Three Skoda, two Seat and Audi, Volkswagen and Honda dealerships are part of the acquisition which grows the AM100’s 86th-placed, £155 million turnover car franchise group’s influence… Continue reading Heritage Automotive acquires Blade Motor Group and Blade Motorcycles
Japan’s Nippon Paint makes $2.7b bid for Australia’s DuluxGroup
April 17, 2019 Japan’s Nippon Paint Holdings Co Ltd has proposed buying Australia’s biggest paint maker DuluxGroup Ltd for A$3.8 billion ($2.7 billion), expanding its global footprint though entering Australia just as a housing boom falters. The deal – recommended by the Dulux board – is the latest in a slew of Japanese acquisitions in… Continue reading Japan’s Nippon Paint makes $2.7b bid for Australia’s DuluxGroup
16.04.2019 Gestamp announces in Auto Shanghai 2019 a deeper cooperation with BHAP …
Gestamp, the multinational company specialized in the design, development and manufacture of highly engineered metal components for the automotive industry, signed an strategic Memorandum of Understanding (MoU) today with Beijing Hainachuan Automotive Parts Co. Ltd. (BHAP). The agreement with BHAP aims to increase cooperation in areas such as the electric vehicle as well as to… Continue reading 16.04.2019 Gestamp announces in Auto Shanghai 2019 a deeper cooperation with BHAP …
Groupe PSA presents its climate governance
On the occasion of the publication of its first Climate Report and its annual CSR Report, Groupe PSA is publishing its climate governance. The Group’s climate governance leads the implementation of the climate strategy throughout the company. (download the infographics here) As a member of the CDP[1] “A List”, Groupe PSA confirms its leadership in… Continue reading Groupe PSA presents its climate governance
Electric car startup Byton loses co-founder and former CEO, reported $500M Series C to close this summer
The race is on for building and shipping more cost-effective electric cars, but today one of more ambitious startups in the field announced some significant changes that underscore some of the challenges in making that a reality. Byton, the Chinese electric car startup, today announced that Carsten Breitfeld, the former BMW executive and Byton co-founder… Continue reading Electric car startup Byton loses co-founder and former CEO, reported $500M Series C to close this summer
Europe car groups face huge profit hit to cut CO2
Industry struggles to meet strict emission targets with potential penalties of €30bn Go to Source
Suzuki Motor shares slide 7% on $714 million recall-related loss
TOKYO: Shares of Suzuki Motor Corp slumped 7 percent in early Tokyo trade on Monday after the company flagged an extraordinary loss of 80 billion yen ($714 million) due to the recall of nearly 2 million cars related to improper vehicle inspections. The automaker said on Friday it would book the loss in January-March, its… Continue reading Suzuki Motor shares slide 7% on $714 million recall-related loss
Nidec Announces A Change in Shareholder Benefit Program
FOR IMMEDIATE RELEASE
Nidec Corporation
Tokyo Stock Exchange code: 6594
Contact: Masahiro Nagayasu
General Manager
Investor Relations
+81-75-935-6140
ir@nidec.com
Released on March 7, 2019, in Kyoto, Japan
Nidec Announces A Change in Shareholder Benefit Program
Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company”) today announced that its Board of Directors has resolved to make a change in its shareholder benefit program at a meeting held on March 6, 2019, as outlined below.
1. Reason and purpose for the change
The Company will change partially its shareholder benefit program in order to thank shareholders for their continuing support, help its shareholders better understand Nidec group’s business, and encourage more shareholders to hold the Company’s shares continuously in the medium and long term by enhancing investment attraction of the Company’s shares.
2. Details of the change
Before the Change
After the Change
Eligible
shareholders
The program will apply ..
Battery Maker CATL Reports Massive Growth YoY
5 H BY GASGOO Big growth for China’s biggest battery maker. On April 8, Chinese power battery maker CATL released a review of its performance in the first quarter of 2019, with an expected net profit ranging from RMB992 million to RMB1.16 billion attributable to shareholders of the public company, surging 140% to 170% year… Continue reading Battery Maker CATL Reports Massive Growth YoY