Archive for the ‘Earnings’ Category

Daimler Cuts Earnings Estimates as Outlook Gets Tougher

Mercedes-Benz Cars saw earnings slip, driving new forecast.

by on Oct.19, 2018

Sales of the Mercedes-Benz GLE are off this year as are other models, causing Daimler to revise its earnings forecast downward.

Daimler AG trimmed its earnings outlook for 2018, blaming the rising cost of fines and litigation over the emissions from the company’s diesel engines and a sharp reduction in the earnings by Mercedes-Benz Cars for the expected decline.

“The main factor is an increase in expected expenses in connection with ongoing governmental proceedings and measures in various regions with regard to Mercedes-Benz diesel vehicles,” said as the company revised its financial guidance.

Business News!

“Furthermore, against the backdrop of a recent ruling by the European Court of Justice, provisions have been recognized for the potential need to take action on certain vehicles still operating with the previously used refrigerant R134a,” the company said. (more…)

German Automakers Face 50:50 Chance of Collapse, VW CEO Warns

Herbert Diess warns battery-cars could cost jobs – and may not be as clean as promised.

by on Oct.16, 2018

VW boss Herbert Diess, left,helps unveil the VW BUDD-e and eGolf Touch electric concepts.

When the U.S. economy collapsed a decade ago two of the three Detroit-based automakers plunged into bankruptcy, surviving only with the help of a massive federal bailout – and that’s the fate that could be facing the German auto industry, as well, the CEO of Volkswagen warned today.

The country’s powerful auto industry faces a 50:50 chance of suffering the same fate that nearly destroyed Detroit’s Big Three manufacturers, Herbert Diess said during a supplier conference in Wolkfsburg VW’s home town.

Business News!

“From today’s point of view the chances are perhaps 50-50 that the German auto industry will still belong among the global elite in 10 years’ time,” said Diess, who was appointed VW’s chief executive earlier this year, following a senior management shake-up.

(more…)

Bill Ford Leads Exodus from Saudi Economic Event in Response to Alleged Murder of Journalist

Global business, political and media leaders demand answers in disappearance.

by on Oct.15, 2018

Ford Chairman Bill Ford is shown during a celebration of the 100th anniversary of the carmaker's River Rouge manufacturing complex.

Bill Ford, the chairman of Ford Motor Co., is leading an exodus of high-profile business leaders who have decided to pull out for an upcoming investor conference sponsored by Saudi Arabia.

The move comes amidst growing concerns about the fate of Saudi journalist Jamal Khashoggi, who reportedly entered the Saudi consultate in Istanbul, Turkey last week but failed to leave it, raising concerns he may have been murdered by hit men dispatched by Saudi leaders.

Global News!

Khashoggi was a regular contributor to a number of publications, including the Washington Post, and had been granted U.S residency. Reports have surfaced over the last several days indicating American intelligence officials may have had advance warning that Khashoggi faced threats from the Saudis. Turkish officials, meanwhile, claim to have evidence the journalist was murdered in the embassy, his remains subsequently being smuggled out.

(more…)

Average Age of Vehicles in the U.S. is Higher than Ever

Average car is now 10.5 years old.

by on Oct.12, 2018

The average age of a vehicle on U.S. roadways these days is 10.5 years.

The average age of a vehicle driven in America has steadily risen during the past few years and the latest study reveals that the average is even higher still – 10.5 years in 2017 up from 9.3 years in 2009 – but it also unmasks some other interesting facts.

First, trucks are kept much longer than vehicles on average while SUVs are kept less, although that could be related to the recent surge in SUV sales offsetting the overall ages of utes in the market. Car sit in between, the two.

Product News!

The average age of a pickup truck in 2009 was 11.2 years and now it is 13.6 years: a difference of 2.4 years. Meanwhile SUVs in 2009 were an average of 7.1 years old and as of last year, they were 8.5 years old. (more…)

Ford’s Rouge Complex Gets New Product Line to Celebrate Centennial

“What was once dismissed as a Rust Belt relic has become relevant all over again.”

by on Sep.27, 2018

The Rouge plant produces a new F-Series pickup, on average, every 53 seconds.

Ford Motor Co. will launch production of an all-new hybrid version of its F-150 pickup for the 2020 model-year at its sprawling River Rouge Complex near Detroit.

The announcement came at a day-long event called to celebrate the centennial of what was once hailed as the “American alter to the new god of mass production.” Commonly known as “The Rouge,” it was the brainchild of company founder Henry Ford and, for many years, the largest automotive manufacturing center in the world, renowned for its ability to take raw materials off ships and railroad cars at one end and spew out completed cars and trucks at the other.

http://htxurl.info/about/subscribe

Product News!

Today, the Rouge has been somewhat downsized, some of its original operations closed, while others, such as its steel plant, have been sold off. But with 93 buildings covering a roughly 1.5 square-mile campus, its own docks and 100 miles of railroad track weaving through the complex, the Rouge remains one of the industry’s largest automotive manufacturing centers. And it is the primary production site for Ford’s various F-Series pickups which have, for decades, collectively been the country’s best-selling automotive product line.

(more…)

FCA Readying for Ratings Upgrade from Moody’s

Agency assigns automaker a "positive outlook."

by on Sep.26, 2018

Fiat Chrysler's future finances were given a positive outlook by Moody's.

Moody’s Ratings has given a “positive outlook” to Fiat Chrysler Automobiles based on its expectation the automaker will continue to improve its overall financial position.

Continuing improvement in FCA’s financial “metrics” in the current fiscal year to help trigger a possible upgrade from the ratings agency to Ba1. FCA’s current rating is considered investment grade but the upgrade would help lower the interest rates the company pays on the money it needs to borrow for continuing business operations.

News Now!

“The positive outlook also assumes that FCA’s financial policy is to remain conservative with no excessive dividend payouts, a more moderate gross leverage than in the past, a solid liquidity profile and some operational resilience in case of a weakening of FCA’s markets,” reads the Moody’s report. (more…)

BMW Cuts Earnings Outlook for 2018

Mobility investments and currency fluctuations hurting bottom line.

by on Sep.25, 2018

BMW CEO Harald Krueger said the company's 2018 financial results will be impacted negatively by investments in mobility programs and currency fluctuations.

The BMW Group cut its guidance for the current financial year, noting it had expected 2018 to be a challenging year, due in part to additional upfront investments of around one billion euros on mobility programs that will mature in future years.

In addition, currency headwinds in the mid-to-high three-digit million-euro range compared with 2017 will negatively impact the company’s bottom line, BMW said in its update to investors.

Global News!

In the Automotive Segment, revenues are now forecast to be slightly lower than the previous year, compared with the previous expectation of slight year-on-year increase. (more…)

Renault-Nissan-Mitsubishi Alliance Teaming Up With Google

Tech giant will develop next-gen infotainment system.

by on Sep.18, 2018

The Renault-Nissan-Mitsubishi Alliance inked a deal with Google to put its intelligent infotainment system in its vehicles.

The Renault-Nissan-Mitsubishi Alliance has a new partner, tech giant Google signing on the develop the automotive group’s next-generation infotainment system.

It’s a significant move by Google, though not its first time developing technology for automobiles. Like rival Apple’s CarPlay, its Android Auto system is now being offered by an array of automakers and allows a motorist to access a wide range of smartphone apps on a car’s touchscreen system.

Global News!

“Under the technology partnership, vehicles sold by the Alliance members in many markets will utilize Android, the world’s most popular operating system, and will provide turn-by-turn navigation with Google Maps,” the Alliance said in a statement. (more…)

Ford Denies Plans to Slash European Car Line-Up

Mondeo to get upgrades, no plans to eliminate other car models.

by on Sep.04, 2018

Ford says it will update, rather than eliminate its European midsize sedan, the Mondeo.

Ford Motor Co. is denying a report by the British newspaper, The Times, that it plans to radically cut back its European line-up and shift focus to more profitable SUVs – echoing steps it plans to take in the U.S. market.

The Times reports that Ford would eliminate production of the Mondeo – the global name for what, in the U.S., is known as the Fusion – as well as its Galaxy and S-Max people-movers. The paper said Ford also wants to reduce the number of dealerships its products are sold through in Europe.

Global News Now!

A cutback in passenger car models abroad would follow plans for the U.S. outlined by Ford CEO Jim Hackett earlier this year. Reflecting a dramatic market shift from sedans and coupes to SUVs, CUVs and pickups, Ford will eliminate virtually all of the passenger car models sold in the States, with the exception of the Mustang “pony car.”

(more…)

Toyota Investing $500 Mil in Uber, Will Aid in Autonomous Vehicle Efforts

Move could help ride-sharing service in anticipated IPO plan.

by on Aug.28, 2018

Dara Khosrowshahi, Uber’s CEO and Toyota EVP Shigeki Tomoyama shake over their new alliance.

Toyota confirmed  reports it will invest $500 million in Uber and partner with the nation’s largest ride-sharing service on the development of the autonomous and fully driverless vehicles Uber believes will slash its costs and make it a viable alternative to personal vehicle ownership.

The announcement comes barely a week after Uber wrapped up its search for a new chief financial officer, something that, along with the new Toyota alliance, could help move closer to a widely anticipated IPO. The Japanese maker’s investment puts a value of $72 million on Uber.

Tech News!

“This agreement and investment marks an important milestone in our transformation to a mobility company,” said Shigeki Tomoyama, executive vice president, TMC, and president, Toyota Connected Company. “Combining efforts with Uber, one of the predominant global ride-sharing and automated driving R&D companies, could further advance future mobility.”

(more…)

раскрутка интернет-магазинов

teplostar.kiev.ua

Узнайте про авторитетный веб портал с информацией про покраска бровей киев.