Uber is preparing to sell its Southeast Asian business to Grab in exchange for a stake in the Singaporean ride-sharing company that has a big presence in that region, according to a new report from CNBC. This wouldn’t be an unfamiliar story for Uber, which was handily beaten by Didi in China before eventually caving… Continue reading Uber is reportedly preparing to sell its Southeast Asian business to Grab
Tag: Financial Results
Car companies are threatening new callback
Volkswagen and Mercedes are in the sights of the authorities, the transporters T6 and Vito threatens an official recall. For the Porsche Macan threatens the Kraftfahrt-Bundesamt even the withdrawal of the type approval. Volkswagen VW T6 Friday, 16.02.2018 13:18 clock For a long time, the federal government and the auto companies had a harmonious relationship.… Continue reading Car companies are threatening new callback
Self-Driving Cars Need Standardized Software to Avoid Crashes
Fans of self-driving cars will have breathed a sigh of relief at the news that Uber and Google’s Waymo, two giants in the industry, have settled their intellectual-property lawsuit. This removes a huge distraction for companies, and freeing them up to focus on their own research. So that’s good. Driverless cars will be an incredible… Continue reading Self-Driving Cars Need Standardized Software to Avoid Crashes
Renault-Nissan-Mitsubishi alliance CEO claims to be ‘only carmaker making money selling electric cars’
Several automakers have been open about their difficulty making money by selling electric cars, or in some cases they don’t even try to make a profit and instead focus solely on getting the ZEV credits. Carlos Ghosn, chairman of the Renault-Nissan-Mitsubishi alliance, claims that they are ahead of the game when it comes to making money… Continue reading Renault-Nissan-Mitsubishi alliance CEO claims to be ‘only carmaker making money selling electric cars’
AAM Reports Fourth Quarter and Full Year 2017 Financial Results
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Ineos Grenadier: prototypes due in 2018 under new engineering deal
German engineering firm MBtech, which is part-owned by Mercedes-Benz, has signed a deal with Ineos Automotive to engineer its Land Rover Defender-inspired Projekt Grenadier SUV. The technical tie-up will involve MBtech allocating 200 full-time engineers to the project from its Stuttgart base. According to Ineos Automotive CEO Dirk Heilmann, the deal will: “bring together German engineering and British design and entrepreneurship”.… Continue reading Ineos Grenadier: prototypes due in 2018 under new engineering deal
Business and Financial Results for Fiscal 2017
IR Library 2017 2016 2015 2014 2013 2012 2011 2010 2009 Back Number 2017 Full Year Consolidated Financial Statements for FY 2017 (1.1MB) Supplementary Information for FY 2017 (238KB) Financial Results Review Meeting for FY 2017 (703KB) Third Quarter Consolidated Financial Statements for 3Q 2017 (419KB) Supplementary Information for 3Q 2017 (240KB) Financial Results Review… Continue reading Business and Financial Results for Fiscal 2017
2017 ANNUAL RESULTS – STRONG PERFORMANCE IN 2017 WITH OPERATING MARGIN AT 7% OF SALES IN H2 2018, GUIDANCE AHEAD OF ROADMAP
Record order intake at €62 Bn, up €9 Bn. Acceleration of innovation strategy. Proposed dividend of €1.10 per share, up 22% year-on-year in €m 2016 2017 Change Sales* 15,613.6 16,962.2 +10.6%** Operating income 970.2 1,170.3 +20.6% as % of sales 6.2% 6.9% +70bps Net income from continued operations 532.5 714.5 +34.2% Recurring net cash flow… Continue reading 2017 ANNUAL RESULTS – STRONG PERFORMANCE IN 2017 WITH OPERATING MARGIN AT 7% OF SALES IN H2 2018, GUIDANCE AHEAD OF ROADMAP
Lost in translation? GM plant shutdown shocks South Korea
SEOUL (Reuters) – Only weeks into a new job heading General Motors Co’s international operations, Barry Engle flew into a frigid South Korea in January and held a series of meetings with government officials to discuss the future of GM’s loss-making local unit. In what they thought were meet-and-greet introductions, senior officials agreed to work… Continue reading Lost in translation? GM plant shutdown shocks South Korea
2017 FINANCIAL RESULTS: Renault performance achieves historic record, including sales, revenues, operating margin and net income
Group revenues came to €58,770 million (+14.7%), including €2,727 million for AVTOVAZ. Excluding the impact of the AVTOVAZ consolidation, Group revenues increased by 9.4% to €56,043 million (+10.1% at constant exchange rates).