Porsche AG set new records for deliveries, revenue and operating results in the 2017 financial year, delivering a total of 246,375 vehicles (+4 per cent) and increasing its revenue by five per cent – to 23.5 billion euro.
Tag: Financial Results
After leaving DriveNow: Sixt attacks BMW and Daimler with a new kind of car sharing
All articles and backgrounds 03/15/2018 After leaving DriveNow Sixt, BMW and Daimler attack with a new kind of car sharing DPA Sixt employee The car rental company Sixt Show stock market chart engages in car sharing: the company wants to say goodbye to the joint with BMW Show stock market chart operated sub-car company DriveNow… Continue reading After leaving DriveNow: Sixt attacks BMW and Daimler with a new kind of car sharing
UPDATE 2-All change for Audi as it predicts short-term pain
INGOLSTADT, Germany (Reuters) – Audi (NSUG.DE) said it is bracing for a difficult year on Thursday as the effects of its biggest-ever model overhaul and the emissions scandal keep Volkswagen’s main earner from catching up with German rivals Mercedes-Benz and BMW. Audi CEO Rupert Stadler (L) and CFO Alexander Seitz pose next to the Audi… Continue reading UPDATE 2-All change for Audi as it predicts short-term pain
Drover picks up £5.5M funding for its car subscription marketplace
Drover, a London-based startup that lets you take out a “car subscription” as an alternative to car ownership, has picked up £5.5 million in seed funding. The round was led by VC firms Cherry Ventures, Partech and BP Ventures (the venture arm of BP), and adds to an earlier £2 million ‘pre-seed’ investment from Version… Continue reading Drover picks up £5.5M funding for its car subscription marketplace
Link Motion and Irdeto collaborate to develop a connected vehicle platform
Link Motion has reached an agreement with Irdeto to integrate its new smartphone-based secure vehicle access and safety solution, Keystone, into the Link Motion CarBrain platform. Automobile OEMs that implement Link Motion’s CarBrain will now provide consumers with the simplicity they expect to safely manage and operate today’s connected cars and autonomous vehicles, especially in new ride-sharing business… Continue reading Link Motion and Irdeto collaborate to develop a connected vehicle platform
Audi achieves robust performance in a challenging financial year 2017 and accelerates business transformation
The Audi Group increased its revenue and earnings under difficult conditions in 2017. For the first time, revenue surpassed the mark of €60 billion, thus more than doubling over the past eight years. With an operating profit of €5.1 billion before special items, the corresponding operating return on sales of 8.4 percent is within the… Continue reading Audi achieves robust performance in a challenging financial year 2017 and accelerates business transformation
Analyst: F-Series one reason to bet on Ford
Ford’s F-150 franchise might be worth more than the entire company, Adam Jonas said. (Photo: Ford) Ford Motor Co.’s F-150 franchise might be worth more than the entire company, according to Morgan Stanley equity analyst Adam Jonas. That’s one reason the Wall Street analyst on Wednesday raised his price target for the company from $10… Continue reading Analyst: F-Series one reason to bet on Ford
Press Release – Magna and Lyft Announce a Multi-Year Partnership to Develop and Manufacture Self-Driving Systems at Scale
Please click HERE for a PDF version of the release. Magna and Lyft will fund and develop self-driving systems Co-developed self-driving systems can be deployed on the Lyft network as well as for the entire automotive industry The partnership will benefit from data generated by the 5+ billion miles traveled per year on the Lyft… Continue reading Press Release – Magna and Lyft Announce a Multi-Year Partnership to Develop and Manufacture Self-Driving Systems at Scale
Ford Motor Company Issues Two N.A. Safety Recalls
DEARBORN, Mich., March 14, 2018 – Ford Motor Company is issuing two safety recalls in North America. Details are as follows: Select 2014-18 Ford Fusion and Lincoln MKZ vehicles for loose steering wheel bolts that could lead to a steering wheel detaching from steering column Ford is issuing a safety recall in North America for… Continue reading Ford Motor Company Issues Two N.A. Safety Recalls
Seat employees will receive a bonus of 700 euros after the “historical” results of 2017
Published 3/14/2018 11: 38: 26CET MARTORELL (BARCELONA), 14 Mar. (EUROPA PRESS) – The Spanish automotive firm Seat has announced that it will distribute an extra 700 euros to its employees, after closing the previous year with a historical operating profit of 191 million euros, a 24.8% increase. The parent company of Seat, the Volkswagen group,… Continue reading Seat employees will receive a bonus of 700 euros after the “historical” results of 2017