Newswire

  • Newswire

    BRIEF-BAIC Motor Corp posts FY net profit of RMB 6.37 bln  

    March 24 (Reuters) - BAIC Motor Corp Ltd * FY profit attributable to equity holders of company RMB 6.37 billion versus RMB 3.32 billion * FY revenue RMB116.20 billion versus RMB 84.11 billion * Board recommends to distribute a final dividend for year 2016 of RMB 0.29 per share * In 2017, market demand for premium vehicles in China is expected to remain robust * "Prospect of new energy products remains positive" in 2017...More
  • Newswire

    Trump's auto review may only slow march to better fuel efficiency  

    By Nick Carey and Paul Lienert DETROIT, March 23 (Reuters) - When U.S. President Donald Trump announced a review last week of tough Obama-era vehicle emissions and fuel-efficiency standards, he proclaimed that the "assault on the American auto industry is over." But rules set by the Environmental Protection Agency may take a backseat to consumers demanding vehicles that guzzle less gas and automakers having to meet tougher standards if they want to export cars overseas, according to auto industry analysts....More
  • Newswire

    BRIEF-Blue Solutions net result group share turns to loss od 0.1 million euros  

    March 23 (Reuters) - Blue Solutions SA: * FY net loss group share EUR 0.1 million ($107,790.00) versus profit of EUR 0.02 million in 2015 * FY operating loss EUR 0.4 million versus profit of EUR 3 million in 2015 * FY EBITDA EUR 18 million, down 15% * FY turnover EUR 109 million, down 10% * Bolloré offers Blue Solutions' shareholders to acquire their shares at a price of EUR 17 per share...More
  • Newswire

    UPDATE 1-Spanish car parts maker Gestamp sets price range in 3.5 bln euro IPO  

    (Adds details, background) By Sonya Dowsett MADRID, March 23 (Reuters) - Spanish car parts maker Gestamp will price its IPO at 5.6 to 6.7 euros per share, it said on Thursday, valuing the company at around 3.5 billion euros ($3.8 billion) in one of Europe's biggest stock market listings so far this year. Gestamp, which makes car doors, pedal systems and other components in factories from Russia to Mexico, said in a prospectus to the market regulator that it aimed to list on the Spanish stock exchange on April 7....More
  • Newswire

    Spanish car parts maker Gestamp sets IPO price range at 5.6 to 6.7 euros/share  

    MADRID, March 23 (Reuters) - Spanish car parts maker Gestamp said on Thursday it would price its initial public offering at 5.6 to 6.7 euros per share, valuing the company at 3.54 billion euros ($3.8 billion) if it prices at the middle of the range. The company aims to list on the Spanish stock exchange on April 7, it said in a prospectus released to the stock exchange regulator. ($1 = 0.9269 euros) (Reporting By Sonya Dowsett; Editing by Sarah White)...More
  • Newswire

    BRIEF-Ford Otosan says in talks with EBRD for 150 mln euro investment loan  

    March 23 (Reuters) - Ford Otosan: * Says in talks with EBRD for 150 million euro ($161.72 million) investment loan Source text for Eikon: Further company coverage: ($1 = 0.9276 euros) (Gdynia Newsroom)...More
  • Newswire

    BRIEF-Gaz to supply Transneft 40 URAL NEXT cars  

    March 23 (Reuters) - Gaz: * Says to supply Transneft 40 URAL NEXT cars * The delivery will start in July Source text: http://bit.ly/2nb9PMK Further company coverage: (Gdynia Newsroom)...More
  • Newswire

    BRIEF-Immsi FY net loss shrinks to EUR 8.7 mln  

    March 23 (Reuters) - Immsi SpA: * FY net loss 8.7 million euros ($9.39 million) versus loss 9.6 million euros a year ago * FY revenue 1.38 billion euros versus 1.36 billion euros a year ago Source text for Eikon: Further company coverage: ($1 = 0.9270 euros) (Gdynia Newsroom)...More
  • Newswire

    UPDATE 1-Superior Industries offers $715 mln for Uniwheels  

    (Adds deal valuation) WARSAW, March 23 (Reuters) - U.S. aluminium wheel maker Superior Industries International has launched an offer to buy Uniwheels for around $715 million after winning the support of the Warsaw-listed company's biggest shareholder. Superior Industries said on Thursday it had agreed to buy the 61.3 stake in Uniwheels held by the company's founding Schmid family for 226.50 zlotys per share and was offering 235.83 zlotys each for the remaining shares -- below the current stock price....More
  • Newswire

    VW's Seat returns to profit; to launch third SUV in 2018  

    BERLIN, March 23 (Reuters) - Volkswagen's Spanish division Seat reported on Thursday its first annual operating profit since 2007 and announced plans to launch a third sport-utility vehicle (SUV) in as many years in 2018 to try to build on its recovery. Seat said it made an operating profit of 143 million euros ($154 million) last year compared with a 7 million euro loss in 2015, helped by selling more models with higher specifications and integrating its R&D operations with parent Volkswagen (VW)....More
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Feb 10, 2017
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WardsAuto

Volvo V60 Polestar 2.0L Turbo/Supercharged DOHC 4-cyl. -- 2017 Award Acceptance

Stefan Hermelin, general manager-Monitoring & Concept Center, accepts Volvo Cars' award at the 2017 Wards 10 Best Engines ceremony....More

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