Tag: Financial Results

Successful model with new strengths: the second generation of the Audi Q3

The new Audi Q3 is a family SUV with great all-round talents. In the second generation it appears not only visually more self-confident, but also roomier and more versatile. Just like the Audi top-of-the-line models, it features a fully digital operating and display concept, extensive infotainment solutions and innovative assist systems. They enhance comfort, as… Continue reading Successful model with new strengths: the second generation of the Audi Q3

SEAT begins assembling the Arona and the Leon in Algeria to boost its globalisation strategy

SEAT continues to grow outside Europe. The company’s ambitious globalisation strategy is gaining new momentum with the final assembly of the Arona and the Leon in the plant owned by the Volkswagen Group and SOVAC, the Group’s importer in Algeria, in the city of Relizane, which is located 280 kilometres southwest of Algiers. Both models… Continue reading SEAT begins assembling the Arona and the Leon in Algeria to boost its globalisation strategy

Ford GT output lags; Multimatic vows to fill all orders

A 2018 Ford GT 1967 Heritage Edition at the Los Angeles auto show in Nov. 2017. Photo credit: BLOOMBERG Multimatic Inc., the Canadian supplier that builds the Ford GT, hit only 55 percent of its production target for the 2017 model year, although it still plans to complete every order for the $450,000 supercar. The… Continue reading Ford GT output lags; Multimatic vows to fill all orders

BAIC Group announces R11-billion SA plant set to go live in 2018 Q4 – Job boost for locals, vehicle production to begin

Automaker BAIC Group today announced the completion of the critical construction and equipment installation milestones for Phase 1 of the historic R11billion investment which was announced in 2016. At a special milestone event hosted today (Tuesday, 24 July 2018), BAIC announced the completion of the semi-knocked-down (SKD) line and satisfactory progress on construction work streams of… Continue reading BAIC Group announces R11-billion SA plant set to go live in 2018 Q4 – Job boost for locals, vehicle production to begin

Mitsubishi Motors Reports First-Quarter Financial Results for FY2018

Tokyo, July 24, 2018 – Mitsubishi Motors Corporation (MMC) today announced first-quarter financial results for Fiscal Year 2018 ended March 31, 2019 (1Q/FY2018).     1. 1Q/FY2018 Financial Results Highlights Mitsubishi Motors reported net sales for 1Q/FY2018, up 27.0% year-on-year to 560.0 billion yen. Operating profit rose from 20.6 billion yen in the same period… Continue reading Mitsubishi Motors Reports First-Quarter Financial Results for FY2018

Tata Motors renews talks to sell stake in engineering unit

July 23, 2018 Tata Motors Ltd., the owner of Jaguar Land Rover, has restarted talks on the sale of a stake in its engineering unit just months after a deal with Warburg Pincus was called off, people with knowledge of the matter said. The carmaker has started preliminary discussions with a private equity firm that… Continue reading Tata Motors renews talks to sell stake in engineering unit

You’ll never guess what the new Ford Fusion looks like

2019 Ford Fusion sedan (Photo: Ford Motor Company) Ford plans to get rid of the traditional Fusion sedan in favor of a longer, taller and more brawny version. The new design, which has no scheduled release date, is intended to capture buyers who drive the Subaru Outback wagon and maybe even the BMW 5 Series… Continue reading You’ll never guess what the new Ford Fusion looks like

2018 HALF YEAR RESULTS

Faurecia announces a double-digit growth in sales** and operating income in the first half of 2018. Full year guidance is upgraded. 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… Continue reading 2018 HALF YEAR RESULTS