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Next.e.GO Mobile electric vehicle manufacturer announces new member of its Administrative Board
30.11.2021
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| Next.e.GO Mobile SE, the independent German manufacturer of innovative and sustainable electric urban vehicles, today announced that Andrew E. Wolff has joined its administrative board. Mr. Wolff is an entrepreneur and a top-tier private equity investor. He was most recently Global Co-Head of the Merchant Banking Division and Global Co-Head o more >> |
Strategy 2.0: IONITY accelerates expansion of its fast-charging network
24.11.2021
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| Porsche and fellow shareholders to invest 700 million euros by 2025ONITY already has the largest network of high-performance charging stations in Europe, which is accessible by the majority of electric vehicles. The joint venture is now ramping up its p more >> |
Renault Group strengthens its strategic partnership with start-up Whylot
24.11.2021
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| Renault Group is taking a 21% minority stake in Whylot, a technology company specialising in innovative electric motors. This investment strengthens the existing collaboration between the two companies to develop and industrialize an innovative axial-flow automotive e-motor, a breakthrough technology for electrified applicati more >> |
The Board of Directors of Brembo S.p.A. submits new corporate governance structure to the General Shareholders’ Meeting
16.11.2021
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| • Matteo Tiraboschi Executive Chairman of Brembo S.p.A.• Daniele Schillaci CEO of Brembo S.p.A.• Alberto Bombassei Chairman Emeritus of Brembo S.p.A.The Board o more >> |
Volkswagen to invest some €1 billion by 2026- South America region to be geared to sustained profitability
05.11.2021
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| The Polo Track is to be produced at the plant in Taubaté, Brazil. This vehicle is not for sale in Europe. Following restructuring program and portfolio renewal, positive result in Latin America expected this year more >> |
BMW Group boosts performance with significantly higher earnings
03.11.2021
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| Automotive segment reports nine-month free cash flow of € 6.3 billion - Segment EBIT margin comes in at 11.3% for nine months - BMW brand grows nine-month market share in Europe, Asia and Americas - Deliveries of fully electric vehicles up by 121.4% for nine-month period - Raised outlook for full year 2021 confirmed more >> |
SKODA AUTO achieves stable operating profit in the first three quarters
02.11.2021
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| 700,700 vehicles delivered to customers worldwide (-2.9% compared to previous year) Significant disruptions due to current chip shortages Operating profit and sales revenues remain at a high level thanks to strong first half-year, return on sales reaches 6.8% &nb more >> |
DriveElectric is set to expand its Electric Vehicle Leasing Offer on the back of investment from Sumitomo Corporation
02.11.2021
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| DriveElectric welcomes Sumitomo Corporation as a strategic investor Sumitomo Corporation is a trading and business investment company headquartered in Japan whi more >> |
Kia Announces October 2021 Global Sales Results
01.11.2021
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| October global sales at 217,872 units, down 18.9% y/y Sales in Korea recorded 37,837 units, down 21.2% y/y Sales outside of Korea recorded 180,035 units, down 18.4% y/y Kia to create sales momentum through competitive new models including the EV6 battery e more >> |
Porsche maintains a return on sales of more than 15 per cent
30.10.2021
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| Sports car manufacturer increases sales revenue and profit in the first three quartersPorsche succeeds despite the global semiconductor crisis. The Stuttgart-based sports car manufacturer achieved a return on sales of 15.5 per cent at the end of the third q more >> |
Daimler performance resilient in third quarter
30.10.2021
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| Unit sales at Mercedes-Benz Cars & Vans decreased due to semiconductor shortage Group revenue of €40.1 billion (Q3 2020: €40.3 billion) at prior-year level EBIT of €3,579 million (Q3 2020: €3,070 million) Industrial free cash flow o more >> |
Audi Group makes healthy profit despite semi-conductor crisis- forecast for 2021 adjusted
30.10.2021
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| After nine months: 1.3 million Audi brand vehicles delivered, revenue €40.4 billion, operating profit of €3.9 billion and operating return on sales of 9.5 percent Net cash flow strong at €7.9 billio more >> |
Automobili Lamborghini sets another record result for deliveries in the first nine months of 2021
21.10.2021
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| Strong order book continues with demand across the product portfolioAutomobili Lamborghini announces further record sales for the first nine months of 2021. The period between January and September has seen the company achieve a record 6,902 unit more >> |
Tesla Leapfrogs the Competition in Interbrand's 2021 Best Global Brands Report
21.10.2021
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| Sephora Enters the Table, While Tech Companies Continue to Dominate the Top Spots- Tesla (#14) makes the biggest leap up the table and is the fastest growing brand of the past year with an unprecedented 184% increase in brand value after re-entering the rankings in 2020.
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Record third quarter for Ducati
20.10.2021
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| ... which leads to already higher deliveries in the first nine months of 2021 than entire 2020 An extremely positive third quarter has ended for Ducati with 49,693 motorcycles delivered to enthusiasts all over t more >> |
Toyota Motor Europe market share climbs to a record 6.7% in first 9 months
13.10.2021
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| Toyota Motor Europe’s (TME) sales growth continued with 864,904 vehicles sold in the first 9 months, increasing its market share to a record 6.7%, up by +0.6 pts year-on-year Record customer demand for hybrid electric line-up, which now represents 59% of total European sales Low-emission, mu more >> |
Sensational September sees MG Motor UK buck industry trends and set several new records
06.10.2021
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| MG Motor UK achieves highest ever monthly sales in the UK, passing 5,000 registrations for the first time ever Record 2.53% market share sees sales up 61.2% year-to-date MG also achieves 5.5% battery electric share, with the highest EV mix of any brand selling both Internal Combustion Engine more >> |
Mitsubishi Motors Announces Production, Sales and Export Figures for August 2021
29.09.2021
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| August 2021 Fiscal Year 2020 (21/04-21/08) Calendar Year 2021 (21/01-21/08) Volume YoY(%) Volume YoY(%) Volume more >> |
Premium Ebike Subscription Company Dance Raises €16.5 Million To Encourage Sustainable Cities Around the World
28.09.2021
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| Eurazeo alongside key angel investors focused on sustainable investments looks to scale its services and software Today, premium ebike subscription company Dance raised an additional €16.5 million as the company rolls out its first generation ebike and repair more >> |
CAKE closes $60 million fundraising
28.09.2021
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| Scaling from successful global start-up towards vehicle industry operator. CAKE, the Swedish manufacturer of lightweight electric performance motorcycles, scooters and mopeds today announces that CAKE’s latest round of fundraising s more >> |
Goodyear announces offering of €300 million European senior notes
20.09.2021
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| The Goodyear Tire & Rubber Company (“Goodyear”) today announced that its European subsidiary, Goodyear Europe B.V. (“GEBV”), has commenced a private offering to eligible purchasers of €300 million aggregate principal amount of senior notes due 2028. more >> |
Toyota eyes leadership in EV battery technology over next decade with announced investments, says GlobalData
13.09.2021
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| Following the news that Japanese automaker Toyota plans to spend U$13.5bn to develop electric vehicle (EV) battery technology and supply system by 2030; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, off more >> |
German Electric Vehicle Manufacturer, Next.e.GO, successfully closes $ 57 M Series C funding round
26.08.2021
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| Next.e.GO Mobile SE, the German Electric Vehicle manufacturer company producing affordable, purpose-built and sustainable urban electric vehicles based on its disruptive technologies and unique microfactory, announced today that its majority shareholder, nd Industrial Investments B.V., part of international private equity company nd Group B.V. has successfully closed a series C equity funding r more >> |
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.
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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 >> |
