For decades this model was for Daimler A safe bet: The C-Class, the first generation of which was still called the Mercedes 190, ensured that Mercedes-Benz had consistently high sales, turnover and profit figures for almost 40 years. An important part of the recipe for success was to pass innovations from the upper class to… Continue reading German Manager Magazin: Mercedes-Benz: Why Daimler’s C-Class is not becoming a Tesla Fighter000611
Tag: Financial Results
German Manager Magazin: Tesla stops Model 3 production for two weeks000611
The lack of chips is affecting the auto industry more and more. Had after Volkswagen in China last also General Motors and ford reported significant problems, it now also appears Tesla to be caught off guard by the scarcity of components. According to one Report from the Bloomberg news agency the electric car manufacturer has… Continue reading German Manager Magazin: Tesla stops Model 3 production for two weeks000611
German Manager Magazin: Volkswagen AG: Profit of billions in Corona year 2020, dividend stable000612
Of the Volkswagen-Group has left the Corona low behind for the time being and also closed the difficult year 2020 with a billion-dollar profit. After the considerable slump due to stagnant sales, plant closings and damaged supply chains in the second quarter, the Wolfsburg-based company managed to turn the meanwhile red numbers into positive territory.… Continue reading German Manager Magazin: Volkswagen AG: Profit of billions in Corona year 2020, dividend stable000612
Old-school Stellantis car factories gear up for the shock of electric
Carlos Tavares is an unashamed petrolhead, with a rally-racing hobby that harks back to an earlier automotive age. Yet carmakers like Stellantis, which he leads, and its rivals have had to set aside affection for roaring internal combustion engines as environmental rules set the limits for the industry. Stellantis was formed in January in a… Continue reading Old-school Stellantis car factories gear up for the shock of electric
Ferrari Releases Its 2020 Annual Report And files Annual Report on Form 20-F
Maranello (Italy), February 26, 2021 – Ferrari N.V. (NYSE/MTA: RACE) announced today that it has published its 2020 Annual Report and filed its annual report on Form 20-F, including financial statements for the fiscal year ended December 31, 2020, with the United States Securities and Exchange Commission. Ferrari’s 2020 Annual Report and annual report on Form… Continue reading Ferrari Releases Its 2020 Annual Report And files Annual Report on Form 20-F
China Tech Digest: Huawei Says It Won’t Make EVs, SenseTime Rumored To Seek A+H Listings
Huawei says it will not to build cars but will help car companies build better cars Reuters reported that Huawei plans to make EV under its own brand and could launch some models this year, citing four insiders who know the matter directly. It says that Huawei is in talks with Changan Automobile and other… Continue reading China Tech Digest: Huawei Says It Won’t Make EVs, SenseTime Rumored To Seek A+H Listings
@niche: Workhorse Records Worst-Ever Weekly Rout After Postal Defeat000572
(Bloomberg) — Workhorse Group Inc. recorded the biggest weekly decline ever as investors brace for the electric vehicle startup’s quarterly earnings results due for release on Monday. The focus is likely to be more on the company’s recent loss of a key contract with the U.S. Postal Service rather than its financials. The shares sank… Continue reading @niche: Workhorse Records Worst-Ever Weekly Rout After Postal Defeat000572
@VW Group: Volkswagen Group closes 2020 stronger than expected and accelerates transformation002497
The Volkswagen Group closed fiscal year 2020 stronger than expected despite the Covid-19 pandemic. Important strategic steps accelerated the Group’s transformation into a tech company at the same time. The Group’s effective crisis management, the rapid recovery of its largest single market China and particularly the more stable premium and financial services business were key… Continue reading @VW Group: Volkswagen Group closes 2020 stronger than expected and accelerates transformation002497
Update of Kongsberg Automotive Q4 2020 presentation
Fri, Feb 26, 2021 14:21 CET Updated version of Q4 presentation: Correction of slide 26. For additional information, please contact: KA Investor Relations, corporate.communications@ka-group.com Kongsberg Automotive provides world class products to the global vehicle industry. Our products enhance the driving experience, making it safer, more comfortable and sustainable. Approximately 11.000 employees in 19 countries, Kongsberg… Continue reading Update of Kongsberg Automotive Q4 2020 presentation
Kongsberg Automotive reports Q4 2020 results
Fri, Feb 26, 2021 07:25 CET Kongsberg Automotive ASA will host an earnings conference call at 09:00 CET, today. KEY TOPICS COVID-19: 2020 was a year dominated by the effects of the coronavirus disease (COVID-19). The virus and a weak start to the year 2020 have impacted the automotive industry heavily. However, in Q4 we… Continue reading Kongsberg Automotive reports Q4 2020 results