Opel The refurbishment concept for the car manufacturer stands. (Photo: AP) Hamburg works council and management of Opel have agreed on the reorganization of the loss-making car manufacturer. As part of the compromise agreed on Tuesday, the French parent company PSA says Peugeot Citroën Investments in new models and the utilization of the works too.… Continue reading Car manufacturer: Works council and management of Opel agree on restructuring package
Tag: Financial Results
Fiat Chrysler investors want electric road map in CEO’s swan song
MILAN/LONDON (Reuters) – Fiat Chrysler (FCA) (FCHA.MI) boss Sergio Marchionne is expected to outline new plans for electric and hybrid cars in a strategy presentation on Friday, aiming to ensure the world’s seventh-largest carmaker remains in the race in the absence of a merger. FILE PHOTO: FCA CEO Sergio Marchionne addresses the media during a… Continue reading Fiat Chrysler investors want electric road map in CEO’s swan song
What makes major shareholder Hastor ?: Chinese are officially reaching auto supplier Grammer
All articles and backgrounds 05/29/2018 What makes major shareholder Hastor? Chinese Ningbo Jifeng wants auto supplier Grammer entirely DPA Production of car seats at car supplier Grammer in Kümmersbruck (Bavaria) Automotive supplier Grammer is about to be taken over by Chinese major shareholder Ningbo Jifeng. The Chinese have now officially submitted an offer to Grammer… Continue reading What makes major shareholder Hastor ?: Chinese are officially reaching auto supplier Grammer
Vehicle rental defies Zeitgeist: Sixt boss thinks electric cars are “serious political mistakes”
All articles and backgrounds 05/29/2018 Vehicle rental company defies zeitgeist Sixt boss considers electric cars “serious political mistake” DPA CEO of Sixt AG, Erich Sixt Erich Sixt rumbles again against electric cars, “I do not believe in e-cars, that’s politically a serious mistake,” said the boss and major shareholder of Germany’s largest car rental company… Continue reading Vehicle rental defies Zeitgeist: Sixt boss thinks electric cars are “serious political mistakes”
Exclusive: Henrik Fisker Talks EMotion, Solid-State Batteries
2 H BY DOMENICK YONEY Now, this is an EMotion-al interview! The Fisker EMotion is not just a car. It’s a shot at redemption for Henrik Fisker: the man whose first attempt at automaking — see the Fisker Karma — ended in tears and a lawsuit. But more than that, it could also herald a new age of… Continue reading Exclusive: Henrik Fisker Talks EMotion, Solid-State Batteries
Sixt multiplies its quarterly profit by eight from the sale of its share in DriveNow
Posted 05/29/2018 11:04:10 PM PULLACH (GERMANY), May 29 (EUROPA PRESS) – The rental company of vehicles and mobility services Sixt recorded a consolidated profit of 214.6 million euros in the first quarter of the current year, which means multiplying by more than eight the figures recorded in the previous year. The German company explained that… Continue reading Sixt multiplies its quarterly profit by eight from the sale of its share in DriveNow
DS 4 and 5 production ends as part of drastic line-up changes
DS has ended production of its slow-selling 4 and 5 hatchbacks as part of an aggressive product plan designed to turn around shrinking global sales. The PSA Group premium brand is now only selling what a spokesman described as an “extensive supply” of existing stocks for the 4 and 5, both of which have suffered from dwindling sales and contributed… Continue reading DS 4 and 5 production ends as part of drastic line-up changes
Nissan to cut North American output by 20 percent to shore up US profitability: Nikkei
(Reuters) – Nissan Motor Co Ltd (7201.T) is slashing vehicle production by as much as 20 percent in North America to cope with falling profitability in the United States, its biggest sales market, Japan’s Nikkei business daily reported on Monday. A car with the Nissan logo badge is seen on display at the North American… Continue reading Nissan to cut North American output by 20 percent to shore up US profitability: Nikkei
Acquisition: Chinese major shareholder reaches for Grammer
The automotive supplier has confirmed advanced negotiations with affiliated companies of the investor Ningbo Jifeng. The auto supplier Grammer may be close to one takeover by the Chinese major shareholder Ningbo Jifeng. The company confirmed advanced negotiations with affiliated companies of Ningbo Jifeng early this morning in Amberg, which could lead to a voluntary public… Continue reading Acquisition: Chinese major shareholder reaches for Grammer
China’s Ningbo Jifeng Auto in talks to buy German partner Grammer in $872m deal
May 29, 2018 Ningbo Jifeng Auto Parts Co. affiliates are in talks to buy out partner Grammer AG in a possible deal that could value the German maker of vehicle seats at about 750 million euros ($872 million). The German company said in a stock exchange statement Tuesday that it had received an indicative proposal… Continue reading China’s Ningbo Jifeng Auto in talks to buy German partner Grammer in $872m deal