Tag: Financial Results

Audi believes that diesel is “absolutely necessary” in the transition to electric mobility

Published 01/26/2018 11: 29: 34CET MADRID, 26 Jan. (EUROPA PRESS) – The general director of Audi in Spain, José Miguel Aparicio, has argued that diesel is a fuel “absolutely” necessary in the transition to an electric mobility without emissions in which the automotive sector is currently engulfed. Speaking to Europa Press, Aparicio has defended that… Continue reading Audi believes that diesel is “absolutely necessary” in the transition to electric mobility

Fiat Chrysler shows big profit boost for 2017; workers get $5,500 each

Buy Photo The media crowds around Sergio Marchionne, CEO of Fiat Chrysler Automobiles N.V. and Chairman and CEO of FCA at the 2019 Jeep Cherokee reveal during the 2018 North American International Auto Show held at Cobo Center in downtown Detroit on Tuesday, Jan. 16, 2018. (Photo: Kimberly P. Mitchell, Detroit Free Press)Buy Photo Fiat… Continue reading Fiat Chrysler shows big profit boost for 2017; workers get $5,500 each

Tesla responds to fresh reports of Model 3 production issues

Tesla’s Model 3 EV delays are well-known, including in the company’s own earnings report and quarterly delivery numbers. A fresh report from CNBC on Thursday claimed that Model 3 production was even more delayed than it appeared, with specific continued issues around battery manufacturing. CNBC also suggested that the company is “not close” to mass-production… Continue reading Tesla responds to fresh reports of Model 3 production issues

Opel Spain moves workers to improve competitiveness is “a matter of survival”

Posted 1/25/2018 4:50 PM: 34CET ZARAGOZA, 25 Jan. (EUROPA PRESS) – “Improving our competitive position is not an option, it’s a matter of survival.” This has been the message conveyed by the general director of Opel Spain, Antonio Cobo, in a letter to the workers of the Zaragoza plant of Figueruelas. In this same letter… Continue reading Opel Spain moves workers to improve competitiveness is “a matter of survival”

Hyundai Mobis 2017 net plunges 48 pct on strong won

SEOUL, Jan. 25 (Yonhap) — Hyundai Mobis Co., South Korea’s biggest auto parts maker, said Thursday its net profit plunged 48 percent last year on a strong won and decreased sales in China. For all of 2017, net profit fell to 1.579 trillion won (US$1.5 billion) from 3.047 trillion won a year earlier, the company… Continue reading Hyundai Mobis 2017 net plunges 48 pct on strong won

Hyundai Motor posts 3% gain in quarterly profit

This was the first gain in quarterly profit in four years, analysts had been expecting it given a low base for comparison from a year ago. SEOUL: Hyundai Motor eked out a small 3 percent gain in quarterly net profit, but posted a fifth straight drop in annual earnings as a stronger local currency and… Continue reading Hyundai Motor posts 3% gain in quarterly profit

FCA workers to get $5,500 in profit-sharing

Buy Photo Fiat Chrysler Automobiles NV will pay its 40,000 hourly United Auto Workers employees profit-sharing checks averaging about $5,500, the company said Thursday. (Photo: Todd McInturf / The Detroit News file)Buy Photo Fiat Chrysler Automobiles NV will pay its 40,000 hourly United Auto Workers employees profit-sharing checks averaging about $5,500, the company said Thursday.… Continue reading FCA workers to get $5,500 in profit-sharing

Hyundai Motor Misses Estimate on Labor Strikes, Stronger Won

Hyundai Motor Co.’s earnings fell short of estimates after worker strikes in South Korea hurt output and a stronger won weakened its competitiveness amid tepid demand in the U.S. and China. Fourth-quarter operating profit fell to 775 billion won ($731 million), the Seoul, South Korea-based company said in a statement Thursday. That compares with the… Continue reading Hyundai Motor Misses Estimate on Labor Strikes, Stronger Won

LG ANNOUNCES 2017 FINANCIAL RESULTS

Strong Profitability and Highest Annual Sales EverLed by Performance of Premium Home Appliances and TVs SEOUL, Jan. 25, 2018 — LG Electronics Inc. (LG) today announced record full-year revenues for 2017 of KRW 61.4 trillion (USD 55.4 billion), an increase of 10.9 percent from the previous year, the highest in the company’s history. Full-year 2017… Continue reading LG ANNOUNCES 2017 FINANCIAL RESULTS