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Archive | March, 2019

“No-Deal” Brexit Would Decimate Britain’s Autos; Or Maybe Not

“No-Deal” Brexit Would Decimate Britain’s Autos; Or Maybe Not. SMMT Tries, And Fails to Myth Bust. Debt rating experts Moody’s Investors Services and consultants Fitch Solutions have ventured into dangerous territory; trying to predict the impact on the auto industry of Britain leaving the European Union without a deal. Moody’s puts forward some detailed and […]

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VW Electric Plans At Least Please Environmentalists

VW Electric Plans At Least Please Environmentalists. Environmentalists were ecstatic after Volkswagen’s meeting with the media Tuesday, while investors looked a bit pensive, wondering if this giant corporation would ever start behaving like a normal company which puts shareholders first. At the annual press conference held at the Wolfsburg headquarters, VW announced it now plans […]

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Aston Martin’s Plan To Match Ferrari Hits A Skid Patch

Aston Martin’s Plan To Match Ferrari Hits A Skid Patch. “While earnings were not far from expected levels, they also confirmed worries about weak operating leverage and excessively tight liquidity,” British luxury sports carmaker Aston Martin’s shares were floated on the stock market in October 2018 and investors were urged to pile in because this […]

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Ford Europe Starts Restructuring; Profitability Looks Distant

Ford Europe Starts Restructuring; Profitability Looks Distant. “Ford Europe is a unit without profit, but with too much risk” Ford of Europe announced the first details of its plan for a return to profitability, saying more than 5,000 jobs will go in Germany and an unspecified number in Britain. Professor Ferdinand Dudenhoeffer, director of the […]

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Mercedes Sells Half Of Smart To Geely

Mercedes Sells Half Of Smart To Geely. “We welcome a discontinuation of Smart as we can’t see how a German micro car business can generate a profit. Costs are simply too high,” Mercedes’ little Smart cars have been a financial embarrassment for parent company Daimler ever since it was launched in 1998, but its latest […]

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BMW Shares Fall After It Cuts Profit Forecast

BMW Shares Fall After It Cuts Profit Forecast. “BMW struggles for differentiation in an increasingly tough environment” BMW shares dived almost 5% after it warned profits will fall in 2019 and announced a 12 billion euro ($13.6 billion) savings plan to offset possible damage from trade conflicts and pay for research on electric cars. Investors […]

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VW Shares Steady After SEC Suit

VW Shares Steady After SEC Suit. “VW said the suit was legally, factually flawed and it would contest it” Volkswagen shareholders reacted calmly after news the U.S. Securities and Exchange Commission (SEC) charged the company and former CEO Martin Winterkorn with defrauding U.S. bond holders. Perhaps some shareholders thought the fall-out from the dieselgate scandal […]

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Bite-Sized

Keeping the Wheels on the Road

Keeping the Wheels on the Road. Bite-Sized Books. The UK car industry is in crisis. There can be no doubt about that. But the exact causes are a matter of intense debate. Is it a perfect storm of diesel phobia, electric adulation, urban congestion and millennial minimalism that has led to a sudden downturn in […]

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