Top Story: New CEO for Porsche Cars Great Britain

Krishan Bodhani takes over at Porsche Cars Great Britain from 1 February 2023.•    New CEO for fourth-largest Porsche market worldwide.•    Krishan Bodhani joins from Mercedes-Benz Europe, Middle East and Africa.Krishan Bodhani (43), currently Vice President and Director Sales and Marketing at Mercedes-Benz General Distributor (MBGD) Europe, Middle East and Africa, takes over as CEO of Porsche Cars Great Britain from 1 February 2023. He succeeds Sarah Simp more > cellspacing="1">

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New CEO for Porsche Cars Great Britain 09.12.2022

Finance: New CEO for Porsche Cars Great Britain

Krishan Bodhani takes over at Porsche Cars Great Britain from 1 February 2023.•    New CEO for fourth-largest Porsche market worldwide.•    Krishan Bodhani joins from Mercedes-Benz Europ mehr >>

Ample opportunities for utilities willing to invest in EV infrastructure, says GlobalData 06.12.2022

Finance: Ample opportunities for utilities willing to invest in EV infrastructure, says GlobalData

The rise of electric vehicles (EVs) will bring about both enormous opportunities and challenges for the power industry. With planned investments and policies, the utilities will be able to serve new markets. Utilities should collaborate with EV manufacturers to bo mehr >>

BMW Group partners with THACO to start local production in Chu Lai, Quang Nam Province, Vietnam 05.12.2022

Finance: BMW Group partners with THACO to start local production in Chu Lai, Quang Nam Province, Vietnam

- Strategy: production follows market - Vietnam important growth market for BMW Group Asia - Local production of BMW 3 and 5 Series as well as BMW X3 and X5  BMW Group is excited to partner with Tru mehr >>

Norma Clayton elected to Goodyear Board of Directors 02.12.2022

Finance: Norma Clayton elected to Goodyear Board of Directors

The Goodyear Tire & Rubber Company today announced the election of Norma B. Clayton to its Board of Directors, effective Nov. 28, 2022.   “We are very pleased to w mehr >>

The Little Car Company launches Series B funding as it expands production and workforce 01.12.2022

Finance: The Little Car Company launches Series B funding as it expands production and workforce

...following surging global demand•    The Little Car Company has commenced its Series B funding round as it scales up to meet unprecedented demand •    Momentum rapidly accelerating a mehr >>

American Honda November sales totaled nearly 80,000 units 01.12.2022

Finance: American Honda November sales totaled nearly 80,000 units

    Honda crossovers lead the way with all-new CR-V sales of almost 20,000 units and all-new HR-V over 9,000 units, logging its best month since June       All-new Pilot goes on-sale in December and is alr mehr >>

Hyundai Motor Group Announces 2022 Key Executive Appointments 01.12.2022

Finance: Hyundai Motor Group Announces 2022 Key Executive Appointments

    Hyundai Motor Group to bolster future business competitiveness and better manage global economic uncertainties through the appointments    Chief Creative Officer (CCO) Luc Donckerwolke promoted to a president to enhance the Group’s efforts on brand communication leveraging creative contents  &nbs mehr >>

Stellantis Reaches Agreement with Santander Brasil to Boost Value Creation 30.11.2022

Finance: Stellantis Reaches Agreement with Santander Brasil to Boost Value Creation

  Stellantis N.V. and Banco Santander (Brasil) S.A. have agreed to reorganize their automotive financing partnership in Brazil. The contract signed with Banco Santander Brasil S.A. includes: mehr >>

Mercedes-Benz Feature Podcast Future Dimensions #3 – what if we grew homes from mushrooms? 26.11.2022

Finance: Mercedes-Benz Feature Podcast Future Dimensions #3 – what if we grew homes from mushrooms?

Houses made of mushrooms and textiles grown organically? The third episode of "Future Dimensions" focuses on how we can harness the power of innovative materials to change the way we deal with our resources.As part of the episode, host Ricard mehr >>

Mercedes-Benz issues its first Green Panda Bond expanding sustainable finance in China 26.11.2022

Finance: Mercedes-Benz issues its first Green Panda Bond expanding sustainable finance in China

    Mercedes-Benz is the first automaker to issue a Green Panda Bond: With a two year term and an annual coupon of 2.9%, the bond is 3.1 times oversubscribed    Panda bond as another example of expanding regional footprint in sustainable finance in line with Mercedes Benz Ambition 2039    Mercedes-Ben mehr >>

Ed Ditmire Joins Stellantis as Head of Investor Relations 16.11.2022

Finance: Ed Ditmire Joins Stellantis as Head of Investor Relations

Stellantis N.V. today announced that Ed Ditmire has joined the company as Head of Investor Relations, reporting to Richard Palmer, Chief Financial Officer, effective Dec. 1, 2022. Andrea Bandinelli will take on a new position within Stellantis to be announced later.&ld mehr >>

Tesla’s Q3 2022 R&D Spend per Car of $2131 Is the Lowest of Any Quarter 14.11.2022

Finance: Tesla’s Q3 2022 R&D Spend per Car of $2131 Is the Lowest of Any Quarter

No automaker has matched Tesla’s R&D since its inception in research and development. However, an analysis from StockApps.com shows Tesla’s expenditure on R&D per vehicle has reduced. Tesla spent the lowest amount of $2131 per car in R&D in Q3 2022. mehr >>

American Honda October Sales Continue Sales Momentum with Best Results in Six Months 01.11.2022

Finance: American Honda October Sales Continue Sales Momentum with Best Results in Six Months

    American Honda October sales top 81,000 units, best monthly performance since April despite ongoing supply and transportation issues         Acura sales top 9,000 units for best month since mehr >>

Kia America Announces Record October Sales 01.11.2022

Finance: Kia America Announces Record October Sales

    October sales up 3.9-percent over previous record set in October 2020    Sales of Kia’s electrified models increase 101-percent year-over-yearKia America announced record October sales of 58 mehr >>

GAC-FCA Joint Venture to File for Bankruptcy 31.10.2022

Finance: GAC-FCA Joint Venture to File for Bankruptcy

  The shareholders of the GAC-FCA Joint Venture, Guangzhou Automobile Group Co., Ltd. and Stellantis N.V., have approved a resolution authorizing the Joint Venture to file for bankruptcy, in a loss-making context. Stellantis fully impaired the value o mehr >>

Mercedes-Benz posts robust Q3 profit in a demanding environment 26.10.2022

Finance: Mercedes-Benz posts robust Q3 profit in a demanding environment

    Profitable growth: Group revenue increased 19% to €37.7 billion in Q3; EBIT up 83% to €2 billion compared to Q3 2021    Resilience at work: Mercedes-Benz Cars adjusted Return on Sales (RoS) in Q3 reaches 14.5% (Q3 2021: 8.8%); Mercedes-Benz Vans adjusted Return on Sales at 12.7% (Q3 2021: 5.3%)&n mehr >>

Kia announces 3Q 2022 business results 25.10.2022

Finance: Kia announces 3Q 2022 business results

    3Q revenue at KRW 23. 2 trillion, up 30.5% year-on-year    3Q operating profit at KRW 768 billion; net profit 459 billion    3Q global sales totaled 752,104 units, up 9.9% year-on-year with the easing supply conditions    3Q operating profit margin stayed at 3.3% d mehr >>

Goodyear to announce third quarter 2022 financial results 19.10.2022

Finance: Goodyear to announce third quarter 2022 financial results

  The Goodyear Tire & Rubber Company will report third quarter 2022 financial results after market close on Monday, Oct. 31, followed by an investor conference call at 8 a.m. EDT on Tuesday, Nov. 1.The Company will publish its results u mehr >>

Porsche - Deliveries up in first nine months 14.10.2022

Finance: Porsche - Deliveries up in first nine months

The iconic sports car, the 911, continues to rise in popularity.•    Worldwide deliveries total 221,512 in the first three quarters of the year•    Gain of 2 per cent compared to the sa mehr >>

Toyota Motor Europe’s market share climbs to a record 7.5% in first 9 months, +0.8% points year-on-year 14.10.2022

Finance: Toyota Motor Europe’s market share climbs to a record 7.5% in first 9 months, +0.8% points year-on-year

·    Toyota brand maintains its second place as best-selling passenger car brand in Europe(1)·    Toyota Motor Europe (TME) continues to outperform the market with sales of 813,547 vehicles·    Record sales of Toyota and Lexus multi-technology electrified line-up, which now repres mehr >>

Dynamic growth in e-mobility: BMW Group doubles sales of fully-electric vehicles 11.10.2022

Finance: Dynamic growth in e-mobility: BMW Group doubles sales of fully-electric vehicles

The BMW Group sold a total of 128,196 fully-electric BMW and MINI vehicles in the first nine months of 2022 – more than double its BEV sales in the same period of last year (+114.8%). The company was thus able to translate strong interest in its fully-electric products into robust growth. mehr >>

Porsche AG reorganises its supervisory board 23.09.2022

Finance: Porsche AG reorganises its supervisory board

Sports car manufacturer welcomes three new supervisory board members   •    Micaela le Divelec Lemmi, Melissa Di Donato Roos and Hauke Stars take on mandates on the Supervisory Boar mehr >>

Stellantis Invests in Italian Industrial Footprint Transformation to Develop Sustainable Activity 20.09.2022

Finance: Stellantis Invests in Italian Industrial Footprint Transformation to Develop Sustainable Activity

    Investing in Mirafiori Complex for electric transmission production and circular economy business    Upgrading existing facility with joint venture partner, Punch Powertrain, for new electrified transmissions facility, expected in second half of 2024    Building leading Circular Economy Hub mehr >>

Manfred Döss appointed Chairman of the Supervisory Board of AUDI AG 15.09.2022

Finance: Manfred Döss appointed Chairman of the Supervisory Board of AUDI AG

Manfred Döss unanimously elected to succeed Herbert Diess at today’s Supervisory Board meeting           The legal expert has been a Member of the Supervisory Board of AUDI AG since September 2, and will ta mehr >>

Stellantis and General Motors to Execute a Share Repurchase Transaction 14.09.2022

Finance: Stellantis and General Motors to Execute a Share Repurchase Transaction

Stellantis N.V. and General Motors Holdings LLC, a subsidiary of General Motors Company (“GM”) have executed a share repurchase agreement (“SRA”) related to the 69.1 million common shares in Stellantis, representing approximately 2.2% of Stellantis’ share capi mehr >>

Stellantis invest in Africar Group to create Auto24, African used vehicle start-up 12.09.2022

Finance: Stellantis invest in Africar Group to create Auto24, African used vehicle start-up

 •    Auto24, new subsidiary of Africar Group, launches its activities in Ivory Coast•    Africar Group is a class leading and multi country digital automotive marketplace across Sub-Saharan Africa•    Stellantis investment aims at accelerating its used vehicle (UV) business on the buoyant Afr mehr >>

Volkswagen B-BBEE Initiatives Trust welcomes new CEO 31.08.2022

Finance: Volkswagen B-BBEE Initiatives Trust welcomes new CEO

•    Neeraj Kessery appointed as CEO from 1 August 2022•    Kessery has served as a Trustee since February 2020Volkswagen Group South Africa (VWSA) has welcomed Neeraj Kessery to the position of mehr >>

Mecobit Begins New Period in Photo voltaic Powered Cryptocurrency Mining 26.08.2022

Finance: Mecobit Begins New Period in Photo voltaic Powered Cryptocurrency Mining

Mecobit Photo voltaic, a world firm with an emphasis on high-quality photo voltaic at an inexpensive worth, proclaims product enhancements to its Photo voltaic System merchandise that energy cryptocurrency miners and different current miners. mehr >>

Lawrence Hamilton appointed Managing Director at Genesis Motor Europe 26.08.2022

Finance: Lawrence Hamilton appointed Managing Director at Genesis Motor Europe

Genesis has announced the appointment of Lawrence Hamilton as its Managing Director at Genesis Motor Europe, effective September 1, 2022. The appointment follows Dominique Boesch’s decision to leave the company to pursue a new business opportunity. mehr >>

Profitable first half-year - BMW Group stays on course in difficult environment 03.08.2022

Finance: Profitable first half-year - BMW Group stays on course in difficult environment

In a highly volatile environment, the BMW Group remained on course in the first half of 2022. With flexibility and expertise, the company encountered challenges including continued supply chain disruptions and bottlenecks for semiconductors and specific supplier parts. mehr >>

American Honda July Sales Continue to Reflect Strong Demand and Limited Inventory 02.08.2022

Finance: American Honda July Sales Continue to Reflect Strong Demand and Limited Inventory

    American Honda July sales top 71,000 units, as strong retail demand continues despite supply chain and logistics constraints       Honda and Acura brands see unprecedented high turn rates mehr >>

Lamborghini: the best half-year results ever 02.08.2022

Finance: Lamborghini: the best half-year results ever

Automobili Lamborghini has continued its positive trend from the start of the year and set a new record, concluding its best six months ever to the end of June 2022 in terms of sales, turnover and profitability.   Global del mehr >>

Kia announces July 2022 global sales results 01.08.2022

Finance: Kia announces July 2022 global sales results

    July global sales at 257,903 units, up 6.3% y/y    Sales outside of Korea recorded 206,548 units, up 6.2% y/y    Sales in Korea recorded 51,355 units, up 6.6% y/y    Kia to continue creating sales momentum and enhancing profitability through new models, such as the mehr >>

Porsche increases sales revenue, operating profit and return on sales 28.07.2022

Finance: Porsche increases sales revenue, operating profit and return on sales

Half-year results: 17.92 billion euros in sales revenue and 19.4 per cent return on salesStrong increase in the first half of the year: Porsche AG significantly increased its sales revenue and operating profit in the first six months of 2022 – to 17.92 billion mehr >>

Stellantis Posts Record First Half 2022 Results 28.07.2022

Finance: Stellantis Posts Record First Half 2022 Results

....with 14.1% AOI Margin(1), €8.0 Billion Net Profit and €5.3 Billion Industrial Free Cash Flows(2); Global BEV Sales Up Nearly 50%, Among Leaders in EU30 BEV Sales    Net revenues of €88.0 billion, up 17% compared to H1 2021 Pro F mehr >>

Brembo: Extraordinary growth in H1 2022 28.07.2022

Finance: Brembo: Extraordinary growth in H1 2022

Revenues at €1,746.5 million, +28.3% vs H1 2021; EBITDA and EBIT up 13%; net profit at +17.3%Compared to H1 2021:    Revenues at €1,746.5 million (+28.3%); +19.3% on a like-for-like exchange r mehr >>

Generation change in the Volkswagen Group 22.07.2022

Finance: Generation change in the Volkswagen Group

Oliver Blume follows Herbert Diess as Chairman of the Board of Management of the Volkswagen Group and remains Chairman of the Board of Management of Porsche AG •    Oliver Blume to take over additional Group position mehr >>

Kia announces 2Q 2022 business results 22.07.2022

Finance: Kia announces 2Q 2022 business results

    2Q revenue at KRW 21.88 trillion, up 19% year-on-year    2Q operating profit at KRW 2.23 trillion, up 50% year-on-year with an operating profit margin of 10.2%    2Q net profit recorded KRW 1.88 trillion, up 40% year-on-year    2Q all-electric model sales nearly do mehr >>

TAE Technologies Exceeds Fusion Reactor Performance Goals By 250% 19.07.2022

Finance: TAE Technologies Exceeds Fusion Reactor Performance Goals By 250%

...As Company Closes $250 Million Financing Round, Totaling $1.2 Billion To Date     Following scientific milestones with current fusion reactor, Norman, TAE receives investments from long-term partner Googl mehr >>

Porsche posts 145,860 deliveries in first half-year 16.07.2022

Finance: Porsche posts 145,860 deliveries in first half-year

Porsche has sustained strong delivery figures in the first half of 2022, despite a number of challenges. Overall, the sports car manufacturer delivered 145,860 vehicles to customers around the world between January and June, a decline of 5 per cent over the previous year. mehr >>

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