Michelin is gaining strength in Germany by signing a stake in ATU, a German auto center brand. The operation was carried out with the partnership of the Mobivia group, which owns the network across the Rhine. Recently greeted by President Emmanuel Macron, the Michelin group is once again illustrating by entering the capital of ATU… Continue reading Michelin, new shareholder of the German leader of the car centers
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GM, South Korea Set for Standoff After Automaker Threatens Exit
General Motors Co. and South Korean authorities are set for a standoff after the automaker announced a plan to shut one factory and threatened to leave the country entirely if concessions aren’t made to stem mounting losses. South Korean officials will hold talks with GM about ways to keep the carmaker’s operations open, the finance ministry… Continue reading GM, South Korea Set for Standoff After Automaker Threatens Exit
Dana Incorporated Announces Strong 2017 Financial Results, Affirms Significant 2018 Guidance Increase
MAUMEE, Ohio, Feb. 13, 2018 /PRNewswire/ — Full-Year Highlights Sales of $7.2 billion, an increase of $1.4 billion, growth of 24 percent Net income attributable to Dana of $111 million; diluted EPS of $0.71, inclusive of $186 million one-time, non-cash charge due to U.S. tax reform Adjusted EBITDA of $835 million, providing a margin of… Continue reading Dana Incorporated Announces Strong 2017 Financial Results, Affirms Significant 2018 Guidance Increase
Gestamp acquires a plant in Brazil to supply Toyota
2.13.2018 Gestamp, the Spanish multinational company specialized in the design, development and manufacture of highly engineered metal components for the automotive industry, has announced the acquisition of a plant in the city of Sorocaba, in the state of São Paulo (Brazil). Gestamp has signed the acquisition of a plant from the local group Scorpios Indústria… Continue reading Gestamp acquires a plant in Brazil to supply Toyota
Mercedes-Benz Confirms It Will Skip Detroit Auto Show in 2019
The Detroit auto show will be missing a famous star next year, with Mercedes-Benz choosing to sit out the iconic event. The top-selling luxury carmaker continuously reviews the platforms it chooses to reach customers and has decided not to participate in the Detroit show in 2019, according to an emailed statement. Bloomberg News reported last… Continue reading Mercedes-Benz Confirms It Will Skip Detroit Auto Show in 2019
Michelin believes that its plants in Spain “have room to reach their maximum production capacity”
Published 2/13/2018 11:20:20:06 CET PARIS, 13 Feb. (EUROPA PRESS) – The president of Michelin, Jean Dominique Senard, has assured that the factories of the manufacturer of French tires in Spain “still have margin to reach his maximum capacity of production”, underlining that these have a “very important” weight on the attainment of the good ones… Continue reading Michelin believes that its plants in Spain “have room to reach their maximum production capacity”
Tire manufacturer buys a fifth: Michelin goes into workshop chain ATU
All articles and backgrounds 02/13/2018 Tire manufacturer buys a fifth Michelin goes into workshop chain ATU DPA Already in French hands: Now there is next to the French Mobivia with the tire manufacturer Michelin a second French shareholder of the workshop chain ATU The French tire manufacturer Michelin Show stock market chart has invested one… Continue reading Tire manufacturer buys a fifth: Michelin goes into workshop chain ATU
Record Growth and Profit for Morgan Motor Company
Morgan Motor Company has today announced record profitability and growth as it continues to roll out a long-term strategy plan under the guidance of Chairman Dominic Riley, Managing Director Steve Morris and family shareholders – keeping up the positive momentum in the family owned business. Year-end financial reports released today announce record growth from the… Continue reading Record Growth and Profit for Morgan Motor Company
EV3 Project Update – December 2017
Morgan Motor Company has announced a technical partnership with industry leaders Frazer-Nash Energy Systems as the all-electric Morgan EV3 prepares for production in 2018. The EV3 extends Morgan’s truly unique offering. Industry leading, EV technology combines with a lightweight coach built body to offer an unparalleled mix of craftsmanship and technology. Inspired by 1930’s Aero-engine… Continue reading EV3 Project Update – December 2017
Financial information for the year ended December 31, 2017
2017 : Une nouvelle année de progrès, en ligne avec les objectifs 2020. Génération élevée de Cash flow libre structurel de 1,5 milliard d’€, Résultat opérationnel sur activités courantes de 2 742 millions d’€, en hausse de 145 millions d’€ à parités constantes, Résultat net en hausse à 1 693 millions d’€. 2018 : Poursuite du… Continue reading Financial information for the year ended December 31, 2017