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Business venture restructuring in China to help Mazda Motor to improve competitive position, says GlobalData
26.08.2021
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| Following the news that Japanese automaker Mazda Motor Corp has agreed to restructure car joint venture (JV) with Chinese partners Changan and FAW;
Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, more >> |
Capacity expansion investment to boost MG Motor competitive position in India, says GlobalData
25.08.2021
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| Following the news that automaker MG Motor plans to invest INR25bn (US$340m) in India by 2022 end;
Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “A more >> |
Hagerty and Aldel Financial Announce Merger Agreement for Hagerty to Become a Publicly Traded Company
19.08.2021
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| Specialty automotive insurance provider offers investors high-growth trajectory, scalable membership model, a leading automotive lifestyle brand and a unique value proposition targeting the expansive and growing automotive enthusiast m more >> |
Goodyear Ventures invests in EV charging and software company Ampup
17.08.2021
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| Goodyear announced that its venture capital arm, Goodyear Ventures, has added AmpUp, a leader in electric vehicle (EV) charging, to its investment portfolio.AmpUp supports the EV driving comm more >> |
Intelligent Systems - Tech Helps GAC Jump to 176th on the Fortune 500
13.08.2021
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| For almost 25 years, GAC has strengthened independent innovation on the basis of joint ventures and cooperation, as well as through extensively funding of the GAC R&D Centers. This investment in technology has yielded great results: as of August 2, 2021, GAC had jumped 30 places up on the Fortune 500 list to 176th. more >> |
Geely will bolster Renault presence in China, says GlobalData
10.08.2021
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| Following the news that Geely Holding Group and Renault Group have agreed to form a hybrid vehicle joint venture with focus on China and South Korea markets;
Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading more >> |
Goodyear reports second quarter, first half 2021 results
06.08.2021
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| – Second quarter Goodyear net income of $67 million; adjusted net income of $79 million– Second quarter merger-adjusted segment operating income of $349 million– Global consumer replacement volume continued to exceed industry, driven by large-rim diameter volume– Global consumer OE volume outpaced market, with more >> |
BMW Group boosts profitability and earnings in second quarter despite semiconductor shortage
03.08.2021
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| The BMW Group continued performing dynamically in the second quarter, setting new record figures for sales, earnings and net profit. Demand for the Group’s premium vehicles has remained strong, with continued good pricing.
more >> |
Kia announces July 2021 global sales
02.08.2021
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| July global sales at 241,399 units, up 8.7% y/y Sales in Korea at 48,160 units, up 2.4% y/y Sales outside of Korea rose to 193,239 units, up 10.4% y/y Kia to maintain sales momentum through competitive vehicles including the EV6 battery electric vehicle and all-new Sportage more >> |
Volkswagen posts a strong first half
31.07.2021
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| Volkswagen Passenger Cars brand sees a marked increase in deliveries, sales revenue and earnings in the first half of 2021 despite considerable challenges
Sales revenue of EUR 40.7 billion, operating profit of EUR 1.8 billion, operating net more >> |
Renault Group is ahead of its "Renaulution" plan
30.07.2021
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| Renault Group should achieve its target of €2 billion cash fixed cost reductions one year ahead of schedule: €1.8 billion have already been achieved of which €0.6 billion during this first half compared to 2019. Strong positive net price effect (+8.7 points on the Automotive excluding AVTOVAZ revenues), reflecting the more >> |
Porsche more than doubles operating result
30.07.2021
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| Half-year report: 16.53 billion euros sales revenue and 16.9 percent return on sales
Significant boost in the first six months: in the first half of 2021, Porsche achieved sales revenues of 16.53 billion euros and an operati more >> |
Successful first half-year for Audi: record deliveries and strong profits
30.07.2021
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| Record deliveries: the best first half-year in Audi’s history with 981,681 vehicles delivered to customers
Revenue totals €29.2 billion, operating profit €3.1 billion, operating retur more >> |
Mitsubishi Motors Announces Production, Sales and Export Figures for June 2021 and First Half of Calendar Year 2021
29.07.2021
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| June 2021 Fiscal Year 2020 (21/04-21/06) Calendar Year 2021 (21/01-21/06) Volume YoY(%) Volume YoY(%) Volume YoY(%)
Production more >> |
Volvo Cars reports record six-month performance in H1 2021
24.07.2021
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| Revenue of MSEK 141,131 (111,759), +26.3% Operating income increased to MSEK 13,238 (-989) EBIT margin of 9.4% (-0.9%) Basic earnings per share of SEK 163.63 (-35.99) Retail sales up 41.0%, resulting in approximately 775,000 cars sold for the p more >> |
Volvo Cars to take full ownership of its Chinese manufacturing and sales operations
22.07.2021
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| Volvo Cars has signed an agreement with its parent, Geely Holding, to acquire Geely Holding’s stake in the companies’ joint ventures in China, with the aim of taking full ownership of its car manufacturing plants and sales operations in the country. more >> |
BMW Group posts strong sales for first half-year
08.07.2021
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| On course for solid, profitable sales growth in 2021.BMW Group sales +39.1 percent higher year-on-year; 1,339,080 vehicles sold in first six months
- Sales up +7.1 percent from pre-crisis year 2019 - Sales more >> |
McLaren Automotive appoints George Biggs as Commercial Executive Director
01.07.2021
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| Luxury supercar maker McLaren Automotive today announces the appointment of George Biggs to the role of Commercial Executive Director, effective 1 July.George assumes responsibility for global sales more >> |
BMW i Ventures Announces New $300 Million Venture Capital Fund
01.07.2021
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| ... to Further Invest in Sustainability, Transportation, Manufacturing and Supply ChainBMW i Ventures announced the creation of a new $300 million venture capital fund with a strong focus on sustainability. The new fund will invest in early to mid-stage start-ups ope more >> |
Mitsubishi Motors Announces Production, Sales and Export Figures for May 2021
29.06.2021
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| May 2021 Fiscal Year 2020 (21/04-21/05) Calendar Year 2021 (21/01-21/05) Volume(unit) YoY(%) Volume(unit) YoY(%) Volume(unit) YoY(%) more >> |
Volkswagen Group secures second highest monthly market share in Europe since 2001
29.06.2021
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| European new car registrations increased last month compared to May 2020, but still far from pre pandemic levels Volkswagen Group gained traction thanks to SUV and new EV offerings more >> |
Uber partnership to help Kia strengthen EV share in Europe, says GlobalData
18.06.2021
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| Following the news that South Korean automaker Kia has partnered with shared mobility giant Uber to supply electric vehicles (EVs) in Europe; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: more >> |
Volkswagen invests a further €500 million in sustainable battery activities with Northvolt AB
11.06.2021
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| Group participates in financing round with a total of US$2.75 billion and continues to hold about 20 percent of the shares in the Swedish cell producer Funds to be used for capacity expansion in production, recycling and research and development Arno Antlitz, Group Board Member for Finance a more >> |
Goodyear to present at Deutsche Bank Virtual Investor Conference
10.06.2021
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| The Goodyear Tire & Rubber Company today said it will webcast its presentation during the Deutsche Bank Global Auto Industry Conference on June 16, 2021.Darren R. Wells, executive vice president and chief financial officer, will provide a business overview. more >> |
EU budget 2022: Speeding up Europe's recovery and progressing towards a green, digital and resilient future
09.06.2021
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| The Commission has today proposed an annual EU budget of €167.8 billion for 2022, to be complemented by an estimated €143.5 billion in grants under NextGenerationEU. Their combined firepower will mobilise significant investments to boost the economic recovery more >> |
Draft annual EU budget 2022 - Questions and answers
09.06.2021
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1. What are the priorities of the draft budget for 2022?The EU budget is the centrepiece of the Union's recovery efforts, aiming to get Europe back on track following the COVID-19 pandemic and its consequences. more >> |
FLA - Consumer car finance market boost in April as showrooms re-open
07.06.2021
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| New figures released today by the Finance & Leasing Association (FLA) show that the consumer car finance market reported growth in new business volumes of 1276% in April 2021 compared with the same month in 2020. In the first four months of 2021, new business volumes were 13% higher than in the same period in 2020. more >> |
American Honda Sets All-time Monthly Sales Record in May
03.06.2021
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| American Honda set an all-time sales record for any month on sales of 176,815 in May
Honda brand light trucks set new all-time monthly sales record, helping the brand to record May s more >> |
Kia announces May 2021 global sales
01.06.2021
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| May global sales at 245,994 units, up 49.2% y/y Sales in Korea at 47,901 units, down 6.4% y/y Sales outside of Korea jumped to 198,093 units, up 74.2% y/y Kia to create sales momentum through new models, including the Kia EV6 battery electric vehicle and all-new Sportag more >> |
Roland Villinger appointed new Head of Corporate and Product Strategy at SKODA AUTO
31.05.2021
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| - Roland Villinger will have responsibility for the newly created area of ‘Corporate and Product Strategy’ at ŠKODA AUTO as of 1 June 2021
- ‘Corporate Development and Digitalisation’ and &lsqu more >> |
Mitsubishi Motors Announces Production, Sales and Export Figures for April 2021
28.05.2021
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| April 2021 Fiscal Year 2020 (21/04-21/04) Calendar Year 2021 (21/01-21/04) Volume(unit) YoY(%) Volume(unit) YoY(%) Volume(unit) YoY(%) more >> |
Dometic acquires Front Runner Vehicle Outfitters
21.05.2021
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| On May 20, 2021, Dometic entered into an agreement to acquire Front Runner Vehicle Outfitters – a global provider of high-qualitive products for the outdoor market headquartered in South Africa.SUMMARY
• This more >> |
Hagerty compares the depreciation of modern supercars
21.05.2021
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| Hagerty studies the depreciation curve of modern supercars from Ferrari, Aston Martin, and Porsche Analysts found that high-profile launches, with cars selling for over list, may damage residual values in the short-term Italian supercars depreciate less than their British counterparts, with more >> |
BMW Ad-hoc announcement: Partial release of the provision with respect to EU antitrust proceedings
21.05.2021
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| Based on the progress of the proceedings, BMW AG expects, compared with the statement of objections of 5 April 2019, that the EU Commission will significantly reduce its allegations against BMW AG in terms of content and duration. The subject matt more >> |
UNCTAD - Global trade's recovery from Covid-19 crisis hits record high
19.05.2021
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| • Global trade’s recovery from the COVID-19 crisis hit a record high in the first quarter of 2021, increasing by 10% year-over-year and 4% quarter-over-quarter, according to UNCTAD’s Global Trade Update released on 19 May.FULL Trade update more >> |
Lexus achieves cumulative global sales of two million electrified vehicles
18.05.2021
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| 19 million tons cumulative reduction in CO2 emissions since 2005 Lexus’ first plug-in hybrid model to be launched in 2021, followed by a completely new, dedicated all-electric model in 2022 More than 10 electrified models to be launched by 2025 Carbon neut more >> |
Mazda closes fiscal year with positive profit
15.05.2021
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| Strong recovery in the second half of the fiscal year brought in positive profit Positive outlook on sales and profits despite challenging market environmentThe Mazda Motor Corporation today announced more >> |
Mazda Motor Europe announces Martijn ten Brink as its new President & CEO
15.05.2021
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| Mazda Motor Europe (MME) has announced that effective 24th June 2021, Martijn ten Brink, currently Vice President of Sales & Customer Service at MME, will become President & CEO of MME succeeding Yasuhiro Aoyama who has led the European business since 2019. more >> |
Volta Trucks strengthens its Executive Management Team with strategic appointments
15.05.2021
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| John Burrows appointed as Chief Financial Officer. Casper Norden joins Volta Trucks as Chief Strategy Officer. Mornie Robertson hired as Chief Human Resources Officer.V more >> |
